Austin, TX - Local Housing Data - Summary

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Austin, Round Rock, TX

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Austin, TX Local News

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New Home Sales and Prices Both Climb in Austin-Round Rock According to Recent Data

Posted on: Mar 07, 2013 07:02:30 AM

In the Austin-Round Rock, TX market in December, closings of new homes jumped year-over-year, but there were signals the market may be stabilizing with a percentage boost shallower than November 2012. New home closings climbed by 16.7% in December 2012 from a year earlier, after closings saw a 28.3% rise in November from the year earlier.

A total of 7,088 new homes were sold during the 12 months that ended in December, up from 6,976 for the year that ended in November.

Following a year-over-year increase in November, closings of new and existing homes also climbed year-over-year in December.

Pricing and Mortgage Trends

Average price of newly sold homes saw a 4.5% rise year-over-year in December to $272,838 per unit. This rise is better than the 3.5% rise in November year-over-year.

The average mortgage size on new homes moved north year-over-year along with new home prices. It increased 3.5% in December from a year earlier to $235,304. Average mortgage size rose 4.8% in November 2012 from a year earlier. For newly sold homes, the percentage of sale price being financed moved to 86.2% from a year earlier figure of 87.1%. In November 2012, the figure saw a 1.1 percentage point rise from the year earlier.


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