Industry News

Real estate sales climb in Austin

Median home price begins to fall

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Single-family home sales in Austin, Texas, jumped 14 percent in August from a year ago, while prices dipped, according to recent statistics from the Austin Board of Realtors. Realtors reported nearly 2,260 homes were sold this August in the central Texas area, closing the summer selling season on a high note. The median price for single-family homes this August was $155,000, a decrease of 1 percent from August 2003's figure of $157,740. Available inventory in Austin showed no change from this time last year. According to ABoR's Multiple Listing Service, Realtors listed approximately 9,824 active listings in the MLS system this August. On average, single-family homes spent 70 days on the market, a 9 percent increase from August 2003. The Austin Board of Realtorsis a non-profit, voluntary organization representing more than 5,500 licensed Realtorsin Central Texas. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....