July Central Texas Market News

According to the recent MLS report by the Austin Board of Realtors (ABoR), Central Texas market for existing single family homes remains healthy.

• Number of homes sold in July 2007 only fell 2 percent from July 2006.
• The median price increased 7 percent from last July to a record sales price of $190,000.
• Average days on market for homes are 55 days, down 7 percent from July 2006.
• Active listings has increased by 13 percent from July 2006 while new listings fell by 2 percent.
• Townhouse and condominium sales rose 17 percent from one year ago.
• The median price for townhouses and condominiums rose 36 percent from one year ago.