Austin, Texas Housing Market Update -
The numbers are in for Austin home sales in August, and the single family home median price has risen 6% in the last 12 months! The total number of sales has fallen slightly, but the prices continue to climb.
The August 2006 the median single family home price was $180,500. The median for August 2007 was $192,200. The average home sales price also rose from $241,200 to $258,954. The chart below is courtesy of the Austin Board of Realtors.
As of today (10/2/07), there are 11,454 active residential listings on the market. The current range of prices is $19,900 to $13,500,000. The current average asking price is $369,539.
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