Austin-area July home sales sizzle | Austin-area July home sales sizzle | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=80 | 2015-08-25T09:58:00Z | 2015-08-24T00:00:00Z |
AUSTIN-ROUND ROCK - Amid a hot summer selling season, Central Texas home sales hit an all-time high in July and the median price rose 8 percent, according to the Austin Board of Realtors.
In its latest monthly report, the board said there were 3,149 existing home sales in July. That was a 12 percent increase over July 2014’s volume and was the highest monthly total on record.
The median price set a record for the month of July, rising to $269,500. In July, fewer than 30 percent of single-family homes sold in Central Texas were priced below $200,000.
There were 7,174 houses on the market, a 5 percent year-over-year increase that boosted inventory levels up to a supply of three months for the first time since July 2014.
However, the supply remains below the 6.5-month level that is considered to be a market where neither buyers nor sellers have the upper hand.
Click to see the ABOR July Market Report and ABoR: Austin area home sales July 2015,
Click Austin NewsTalk Texas and Austin Market Research.
| Austin American-Statesman
| Austin-Round Rock
| Housing
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