Austin Home Sales Stats (10/08)
December 17, 2008 on 9:40 pm | In Austin Economy, Austin Home Sales Stats |The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing just released sales data comparing October 2007 to October 2008.
Home sales have declined about 25% from October 2007 to October 2008, but the median home price has gone up 7% since last year indicating that Austin homes are still a sound investment, even in the midst of economic uncertainty.
With interest rates declining and 5% more homes on the market now than at this same time last year, it’s a good time to buy Austin real estate.
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