Austin-area July home sales sizzleAustin-area July home sales sizzlehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=802015-08-25T09:58:00Z2015-08-24T00:00:00Z

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
http://www.mystatesman.com/news/business/austin-area-home-sales-set-record-in-july/nnNcn/#caf4591d.3380261.735834Read more at {Source}

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