June Market Stats

Report from Austin Board of Realtors just released....July 18, 2008 - Both single-family home sales and leased property in Central Texas have reached their highest point this year to date, according to the June Austin Board of REALTORS® Multiple Listing Service (MLS) Report. “Austin remains one of the best cities to become a homeowner,” said ABoR Chairman Socar Chatmon-Thomas. “Locally, our homes are holding their value and the average mortgage payment is not much higher than renting.” Last month 2,211 single-family homes were sold, with their median price rising four percent to $200,000. These homes spent an average of 65 days on the market and contributed $577,471,191 to the economy. There were 10,886 active listings in June. Leased property rose two percent since last year to total 1,146. With a median price of $1,250, these properties contributed $1,541,370 to the Austin-area economy, a nine percent increase from June 2007. June 2008 - Single-Family Homes
2,211 was the number of single-family homes sold, a 20 percent decrease from one year ago
$200,000 was the median price for single-family homes, a four percent increase from June 2007
$577,471,191 was the total dollar volume of properties sold, a 20 percent decrease from last year.

The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 8,000 licensed REALTORS® in Central Texas. For further information, please contact Angela Brutsché at 512/454-7636, ext. 1300.