Single-family home sales in Austin jumped 6 percent last month compared with November 2005, according to the latest report from the Austin Board of Realtors.
The 1,902 sales set a record for the month of November. The median price for single-family homes is also on the rise, increasing 3 percent to $175,000 compared with last year. Meanwhile, the $455 million those sales generated for the local economy represents a 12 percent increase.
Active listings increased by 3 percent from last November to 7,354, while new listings decreased by 3 percent to 2,340. November homes spent an average of 68 days on the market, no change from a year ago.
"These numbers support reports that Austin is one of the top-10 fastest growing cities in the nation," says ABoR Chairman Charles Porter.
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