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New numbers indicate hot Austin housing market

New numbers indicate hot Austin housing market

Home for sale sold sign
New numbers indicate hot Austin housing market. iStock

KVUE -- The Austin housing market is red hot according to new numbers released by the Austin Board of Realtors Wednesday.

January home sales are up 33 percent from last year and realtors say there is no reason those numbers will slow down anytime soon.

In January 1,402 houses sold in the Austin region, which includes Round Rock and San Marcos.

That's the highest number of homes sold in the month of January in the past six years. The median price is up too. It rose 10 percent to $197,900.

The Austin Board of Realtors says this means 2013 could truly be a seller's market.

The fastest growth right now is concentrated in the central, downtown and northwest areas of Austin.

"A particular property might have two, three, even four separate offers on it, and it's up to the seller at that point to decide which offer is the one that best gives results for them," said Leondard Guerrero from the Austin Board of Realtors.

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