How is the Austin Real Estate Market holding up today? Surprisingly well, in comparison to other states around the country.
The latest report from the Austin Board of Realtors reveals that the median price of homes sold in July reached $195,000, up from just $189,900 last year.
The number of homes sold in July, however, showed a fairly significant decrease from 2007. The number of single family homes sold in July in Austin '08 dropped to 2,071, down from 2,621 last July.
Active listings rose to 10,913, up 15% from a year ago. This number represents 5 1/2 months supply of the housing inventory, which is considered a stable market by real estate professionals.
Overall, these numbers show that while Austin's Real Estate Market continues to slow, it remains solid in how quickly homes are selling and the increasing value of homes.
If you're thinking of moving to Austin, this could be a great time to buy. Call us for a free consultation at 512-415-5182.




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