‘Round Our Town – Round Rock Real Estate Update – January 2013.
There’s an old adage in real estate that insinuates that home sales slow in the winter months.
Have you heard it? I know I have…
In our neck of the woods, that couldn’t be further from the truth. Home sales this winter are burning up, with homes nearly flying off the shelves.
In fact, January’s closed sales jumped 28.6% from the same period in 2012. New listings were also up 3.0%, and the market’s strong demand continued to gobble up the increase in inventory.
Wondering how much green home sellers are receiving? Statistics for last month indicate that sellers received 95.1% of their asking price, up from 93.5% in January last year. The average sales price for homes nudged to $223,855, a 7.7% increase in a single year. To boot, time that homes spent on the market is ever-shrinking – clocking in at 58 days last month, a 19-day nose-dive from January, 2012.
In my humble opinion, the next facet we’ll witness in our nuclear-paced market will be the dynamic where builders aren’t able to construct homes to keep pace with consumer demand; it’s the classic supply-demand relationship in a strong marketplace. I believe you’ll see it come to the forefront. One sales associate I spoke with recently witnessed $22,000 in price increases within a 3-week period in his new home community.
The nuggets I’d like for you to take away? There’s no place on earth like Central Texas, especially Round Rock. The secret to the great quality of life we’re afforded here is out… And whether you’re looking to buy, sell or upgrade, now is the perfect time.
What makes Lora and the GoodLife Team different? Register for a limited-availability ‘Round Our Town Elite Buyer or Seller Consultation today by registering at http://texaslora.com/round-our-town/ (or emailing email@example.com) and mentioning this blog. Find out how we change customer service to a five-star customer experience.
Lora Tucker Kaasch, Realtor®
The GoodLife Team
*Quote from Austin Board of Realtors
**This report uses Round Rock home sales data based on transactions that closed in November, 2012, and compares it to closings that took place during the same period last year (unless otherwise indicated). Information from the “Local Market Update – January 2013” by the Austin Board of Realtors®
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