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Single family home sales for November totaled 1,870, representing a 24 percent increase from last year. The median price of these homes was $170,000, up 15 percent from 2004, and at an average of 68 days, these homes sat on the market for 13 percent less time. The 7,173 active listings represented a 14 percent decrease from last year.
Other property types also showed growth last month. Multifamily home sales were up 61 percent, totaling 127. These sales generated $25,802,209 in revenue, an increase of 95 percent over the previous year. Townhouse/condominium sales rose 53 percent to 178, boasting an 82 percent increase in dollar volume with $31,911,484 in revenue.
The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 7,500 licensed REALTORS® in Central Texas. For further information, please contact Angela Brutsché at 512/454-7636 ext. 1300.