Industry News

Austin real estate sales see strong November

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Home sales and prices in the Austin, Texas, region continued higher in November, according to the latest Multiple Listing Service from the Austin Board of Realtors. Single-family home sales for November totaled 1,870, representing a 24 percent increase from the same month a year ago. The median price of these homes was $170,000, up 15 percent from November 2004. The 7,173 active listings represented a 14 percent decrease from last year. At an average of 68 days, these homes sat on the market for 13 percent less time than a year ago, the board reported. Other property types also showed growth last month. Multifamily home sales were up 61 percent, totaling 127. Townhouse/condominium sales rose 53 percent to 178. The Austin Board of Realtors is a non-profit, voluntary organization representing more than 7,000 licensed Realtors in Central Texas. *** What's your opinion? Send your Letter to the Editor to