Median home price up 6%

Posted by Crystal Olenbush on Tuesday, October 2nd, 2007 at 7:51pm.

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.

Please give us a call if you need specific neighborhood market info!  512-344-6000

2 Responses to "Median home price up 6%"

S Allen wrote: Interesting numbers - hopefully things will hold stead here

Posted on Tuesday, October 2nd, 2007 at 8:04pm.

Cynthia wrote: Wow, the average home price is over a quarter million now. Our first home was 29k, but that has been a few years. ;-)

Posted on Tuesday, November 20th, 2007 at 12:22am.

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