The new magic number is $195,000- Austin’s median sales price for July 2008, according to the Austin Board of Realtors July Area Sales Report. This is a three percent increase from July 2007. Regionally, Realtor.org reports that the median price of homes in the South have decreased 3.5% in July 2008, compared to July 2007. Yet another confirmation that Austin’s Housing Market is faring better than most!
Details of ABOR's July Sales Report:
The areas within Austin with the most encouraging numbers include:
NE (Northeast quadrant of Anderson and 35): +10.5% in July closings
SWE (Which includes San Leanna and Manchaca): +1.4% in YTD closings
W (NW quadrant of Mopac and 290): +12.1% in July closings
Surrounding Areas with record-setting numbers include:
5E (Approaching Webberville): +16.7% in July closings, with sales price increase from $107,956 to $113,725 (+5.3%)
CM (Comal, TX): +109.1% in YTD closings
FC (Fayette, TX): +50.0% in July closings, and +133.3% in YTD closings
