Industry News

Austin home sales jump 21%

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Single-family home sales in the Austin, Texas, area posted a sixth consecutive month of double-digit growth in June and set a record for the month, according to latest Multiple Listing Service report from the Austin Board of Realtors. Realtors reported 2,980 single-family home sales last month, up 21 percent from a year ago. The median price of a single-family home last month hit a new high of $182,000, up 8 percent from June 2005. Year to date, a record 13,073 single-family homes were sold in Austin -- a 13 percent increase over the same period in 2005, the board reported. At 56 days on the market, homes sold in June posted the lowest waiting period for any month this year and fell 13 percent from June 2005. Though slightly higher than the previous month's totals, June's number of active listings -- 8,477 -- fell 2 percent from June 2005. The Austin Board of Realtors is a non-profit, voluntary organization representing more than 7,500 licensed Realtors in Central Texas....