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Press Releases: 2007
June Home Sales Show Slight Decline
June saw 2,800 single-family home sales, representing the second highest home sales ever recorded for the month of June and a 6 percent decline compared to a year ago. The median price for home sales in June grew 7 percent to $191,050. Altogether, single-family home sales contributed $727,843,200 to the local economy.
The 9,159 active single-family listings in the MLS represent an 8 percent increase from 2006. At an average of 53 days, the amount of time these listings sat on the market decreased by 7 percent.
"Austin has experienced record-breaking growth in home sales for the past four years," said ABoR Chairman Charles Porter. "This year, we may see a slight decline in year end residential sales. Overall, the Central Texas housing market has been resilient and continues to be one of the best investments money can buy."
June 2007-Single Family Homes
- 2,800 homes sold, a 6 percent decrease from one year ago and the second highest home sales recorded for the month of June
- $191,050 was the median price, a 7 percent increase from one year ago
- $727,843,200 was the total dollar volume of properties sold, a one percent increase from 2006
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