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“Austin has one of the lowest foreclosure and unemployment rates and is one of the fastest growing cities in the nation,” said ABoR Chairman Socar Chatmon-Thomas. “As we enter the heart of selling season, it's a buyer's market.”
Single-family home sales in 2008 reached their highest point in April, totaling 1,981 and contributing $479,718,960 to the local economy. Overall, home sales this year correspond closely with the volume tracked in 2005, before Central Texas experienced the record-breaking home sales activity of 2006.
Homes sold in April spent an average of 66 days on the market, the shortest period in seven months. The median price of single-family properties was $187,900. Active listings grew to 10,034.
April 2008 Single-Family Homes
- 1,981 was the number of single-family homes sold, a 14 percent decrease from last year
- $187,900 was the median price for single-family homes, a 2 percent increase from one year ago
- $479,718,960 was the total dollar volume of properties sold, a 16 percent decrease from April 2007