Deep in the heart of Texas ... there is good news to report on the luxury real estate market.
While there is an up and down to the luxury real estate market in Austin, Texas, in 2013, it overall is “healthy,” according to a report by the Austin Business Journal.
Despite the average price of housing valued at $1 million and more decreasing by about $21,000, the median price of #1.33 million is an increase of more than $82,000 in a year-over year analysis. Luxury real estate in November 2013 was on the market 10 days less than the same time last year; and the total number of sales of 42 is 12 more than in November 2012. Salient details from the analysis of the area’s market include….
.• Total dollar volume in November was $68,976,894
• Active number of listings in the $1 million-plus category was 421
• There is 10.5 months of inventory currently, or 5.5 months less than the year prior