Real Estate Update

Posted by Jay Carter | 8/24/2007 07:01:00 PM | | 0 comments »

AUSTIN (Austin Board of Realtors) – Central Texas’ market for existing single-family homes remains healthy, according to the most recent MLS report from the Austin Board of Realtors.

  • The number of homes sold in July 2007 fell two percent from a year ago to 2,645.
  • The median price increased 7 percent from July 2006 to a record $190,000.
  • Homes remained on the market an average of 55 days, down 7 percent from a year ago.
  • Active listings increased by 13 percent from July 2006 to 9,451, while new listings fell by 2 percent to 3,670.
  • Townhouse and condominium sales rose, with July’s 333 sales representing a 17 percent increase from one year ago.
  • The median price for townhouses and condominiums rose 36 percent from last July to $180,000.

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