Austin-area home sales up 9 percent in JulyAustin-area home sales up 9 percent in Julyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=208772018-08-17T05:00:00Z2018-08-17T14:00:00Z

​​​​AUSTIN – In July, 3,103 single-family homes were sold across the metro, up 9 percent over the year, says a new report from the Austin Board of Realtors. 

The median price in the area grew 6 percent over the year to $320,000 the highest ever. Total dollar volume increased 14 percent to $1.3 billion, the highest in seven years.

Homes spent an average of 44 days on the market, unchanged from July 2017. 

There were 2.9 months of inventory across the metro, down 0.2 months. The Real Estate Center considers a six- to 6.5-month supply a balanced market. 

Last month, there were 3,738 new listings (down 1 percent), 7,522 active listings (down 3 percent), and 3,065 pending sales (up 11 percent). 

In Austin proper, 952 homes were sold, a 13.5 percent increase.​

Austin Board of Realtors
Austin-Round Rock
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