Central Texas home sales stay on record pace

Jul 22, 2014
Austin American Statesman

It’s shaping up to be another record-breaking year for Central Texas home sales, as a crush of buyers continues to compete for a limited supply of properties

For the first six months of this year, Central Texas home sales were up 3 percent over the same period in 2013. That keeps 2014 on track to surpass last year’s record home sales total, the Austin Board of Realtors said Monday

The board reported 13,426 single-family home sales in the Austin area from January through June. The median price of those sales was $239,000, a 7 percent increase over the same period last year

The midyear tally was boosted by a surge in sales in June, which came in just shy of 3,000, a 13 percent increase from June 2013’s volume and setting a record for June sales. The median sales price was $252,520, a 7 percent increase from June 2013, the board said. Nationally, June home sales were up 5 percent over June 2013, according to Real Trends

Amid Central Texas’ ongoing job and popultion growth, 2014 “could very well turn out to be another ‘best year ever’ for Austin-area home sales,” said Bill Evans, president of the Austin Board of Realtors. “Both homebuyers and sellers can expect the rest of the summer selling season to be highly competitive.”

Carol Dochen, a local real estate broker, said this is the strongest market she has experienced in her 32 years selling houses in the Austin area

House hunters, especially in Central Austin, continue to find themselves in bidding wars and competing against all-cash offers, said Susie Dudley, an agent with Amelia Bullock Realtor in Austin

Dudley said buyers are coming from California, Chicago and the East Coast, as well as older people who are retiring and coming back to Central Texas

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