This means if you are thinking of selling a house, this is a good time in which to do so.
Bill Evans, 2014 President of the Austin Board of REALTORS®, explained, “Austin-area home prices are rising as the strong demand of the market continues. We continue to see multiple offers on listings, often above listing price. This increasing valuation of Austin-area homes could encourage more listings to enter the market, indicating a strong summer selling season ahead.”
“It can be tempting to think a market with high demand and rising prices is an ‘easy’ market, but that’s simply not true. Every market can be challenging and a ‘hot’ market like this one is no different,” Evans concluded. “Sellers need the best property information available to determine accurate valuations and counsel for handling complicated situations, like multiple offers. Buyers need to know immediately when new properties come on the market, so they can act fast and make informed decisions about offers. Austin REALTORS® are skilled in all of these areas and can help homeowners navigate these complicated situations.”
2,479 – Single-family homes sold, UP 1% from April 2013.
$239,900 - Median sold home prices, UP 6% from April 2013
5,305 – Active single-family home listings on the market, DOWN 3% from than April 2013.
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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
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Information deemed reliable but not guaranteed.
Copyright © Robin Scott, REALTOR® 2014.
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