February 2007 Market Report: February Home Sales Reflect Continued Growth

Home | Press | Market Statistics | 2007 | February 2007 Market Report: February Home Sales Reflect Continued Growth

Market Reports

Please log in to view market reports.

The Austin area market continues to experience healthy numbers, according to the latest property listings report from the Austin Board of REALTORS®.

Experiencing a 1 percent increase from last February, single-family home sales totaled 1,714. The sales contributed $400,330,410 to the local economy, reflecting a 5 percent improvement from 2006. Additionally, single-family homes earned a median price of $176,000, demonstrating a 4 percent increase from last year. While sales continued to rise, the number of active single-family listings was 7,212, a 2 percent decrease from 2006. These properties remained on the market for 4 percent less time than they did last year, averaging only 68 days.

Also experiencing significant numbers, townhouse/condominium properties earned a median price of $174,250, a 20 percent increase from 2006, while contributing $33,988,388 in aggregate sales, 13 percent more than last year.

February 2007 Single-family Homes

  • 1,714 homes sold, a 1 percent increase from 2006
  • $176,000 was the median price, up 4 percent from last February
  • $400,330,410 was the total dollar volume of properties sold, a 5 percent increase from a year ago
 

Please Log-in