The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing sales data for May 2007 as compared to May 2008.
From this data, you can see the average and median home prices in Austin have risen over 5% this May as compared to May 2007. As with last month’s year to year comparison, inventory was up and fewer homes have sold this May as compared to May 2007.
On a positive note, 8.73% more homes were sold in May 2008 as compared to last month, with the total number of sales in Austin the highest it has been since August 2007.