The median price for single-family homes rose six percent year-over-year to $239,900, and average price, while statistically unchanged from April 2013, rose slightly higher to $308,752. Austin-area home sales increased one percent to 2,479 single-family home sales in April 2014.
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.”