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by CareyBot

Home sales and prices in the Austin, Texas, area reached new highs for the month of November, signaling a still-hot market, the Austin Board of Realtors reported today. According to the latest Multiple Listing Service report, a record 1,902 single-family homes were sold last month, up 6 percent from approximately 1,795 sales in November 2005. Last month was the 11th consecutive month of year-over-year sales gains, according to statistics. The median home price of $175,000, although unchanged from October, set a record for November and was up 3 percent from a year ago. Property owners are beginning to postpone their selling plans, as the 2,340 new listings added to the market last month represented a drop of 24 percent from October and 3 percent from a year ago. Despite the decline in ...