Single-family home sales in the Austin, Texas, area posted a seventh consecutive month of double-digit growth in July and set a record for the month, according to the latest Multiple Listing Service report from the Austin Board of Realtors.

In July, Realtors reported a record 2,721 single-family home sales, up 11 percent from July 2005 — although this was down from June’s total of 2,980 sales. Year to date, 15,778 single-family properties have sold in the Austin market, up 13 percent from the same period in 2005.

The median price of a single-family home last month also broke a record at $178,190, up 5 percent from July 2005, but down from June’s record of $182,000.

The number of active listings decreased 6 percent year-over-year in July to 8,368, and was down from 8,477 listings in June.

According to the latest report from the National Association of Realtors, existing-home sales nationwide have been down each month since April, impacted significantly by rising interest rates and for-sale inventories. The report for July will be released later this month.

The Austin Board of Realtors is a non-profit, voluntary organization representing more than 7,500 licensed Realtors in Central Texas.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription