The number of single-family homes sold in the Austin area rose by 33 percent last month compared with January 2012, according to of the by the .
The group also says the median price for homes grew by 10 percent over the past year to reach almost $200,000, although experts say those price increases vary wildly from neighborhood to neighborhood.
鈥淲e are seeing that it鈥檚 very localized," says Jim Gaines, an economist with the Texas A&M Real Estate Center. "In other words, you can go from subdivision A, where you might have a 15 percent price increase. And just down the street in Subdivision B, there might be a 2 or 3 percent. And then a little down the street at Subdivision C might have even fallen.鈥�
There are almost 5,000 homes on the market in the Austin area according to the Board of Realtors, which is about a quarter less than a year ago.
