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“The number of active listings available in Central Texas represents approximately five months of housing inventory, which economists agree is present in a healthy market,” said ABoR Chairman Socar Chatmon-Thomas. “Nationally, the number of homes in supply has remained close to 10 months.”
In March 2008, the median price of single-family properties was $186,680. Altogether, singlefamily property sales contributed $434,647,496 to the local economy last month. These properties sat on the market for an average of 73 days.
March 2008 Single-Family Homes
- 1,832 was the number of single-family homes sold, a 21 percent decrease from one year ago
- $186,680 was the median price for single-family homes, an 5 percent increase from March 2007
- $434,647,496 was the total dollar volume of properties sold, an 23 percent decrease from last year