Inventory reaches all-time low;
2013 ends with increased sales volume, home prices and demand
Austin Board of REALTORS® releases real estate statistics for December 2013 and 2013 year-end totals
AUSTIN, Texas – January 17, 2014– According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area home sales reached a historic high for December while housing inventory dropped to an all-time low, and 2013 year-end figures show momentum in Austin real estate coursing steadily into the new year.
According to the report, 2,080 single-family homes were sold in the Austin area in December 2013, which is 14 percent more than December 2012. The market featured 2.0 months of inventory in December 2013, which is 0.7 months less than December 2012 and a new historical low for Austin housing inventory.