Quick Links
Press Releases: 2006
AUSTIN-AREA HOME SALES SET NEW RECORD IN 2005:
LOOKING FORWARD TO A HEALTHY 2006
"Our modest growth is not indicative of any future problems," ABoR Chairman John Rosshirt said. "The high demand for Austin-area housing, coupled with the strengthening local job market, offset the risks associated with rising prices."
The 2,019 homes sold in December, which represent a seven percent increase from the year before, helped push the total number of 2005 sales to 24,539. That number reflects an 18 percent increase from 2004, which was, itself, a record-setting year.
According to the latest Multiple Listing Service (MLS) report, the December median price of single-family properties rose 10 percent to $170,000. Overall, the 2005 year-end median price increased six percent to $164,000.
Last year, single-family home sales contributed $5,274,531,664 to the local economy, 25 percent more than they had in 2004. These properties sat on the market for an average of 70 days, a three-percent reduction from 2004. The number of active listings also declined, by 14 percent, to 8,122.
With the housing market showing few signs of slowing, industry forecasters are predicting a healthy year for real estate in 2006.
The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 7,000 licensed REALTORS® in Central Texas. For further information, contact Marketing.
RSS Feed