Austin-area housing inventory drops to 2.9 months in June Mid-year results show increase in sales, drop in days on market

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    By Texas RealEstateRama -

    AUSTIN, TX – July 22, 2013 – (RealEstateRama) — According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area year-over-year housing inventory fell to 2.9 months in June, a decrease of 1.5 months from June 2012. Mid-year statistics for 2013 reinforced a strong demand for the market, including a 19 percent increase in home sales and 25 percent less days on the market compared to the first six months of 2012.

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