Industry News

Real estate sales hot in Austin

Condo transactions soar from a year ago

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Home sales in the Austin, Texas, area jumped 17 percent in July from a year ago, the Austin Board of Realtors reported Wednesday. Realtors reported that 2,560 single-family homes sold last month, up from approximately 2,188 sold in July 2004. The median sale price of a single-family home was $169,740 in July, a 5 percent increase from a year ago. Townhouse/condominium sales jumped 43 percent above last year, finishing at 277. Farm/ranch properties enjoyed a booming 53 percent increase in sales, selling for a median price of $185,000, which represents an annual gain of 16 percent. The Austin Board of Realtors is a non-profit, voluntary organization representing more than 6,500 licensed Realtors in Central Texas. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....