Austin Market Summary for August 2006

10/11/200611:13:52 PM Link |  | Add comment

Local Real Estate Information, Market Statistics, Real Estate

Here is the latest information as to month on month comparison for the Austin real estate market.  As I mentioned in the review of July's statistics, we are still seeing a slight leveling on pricing (compared to the 15% month on month we saw in the Spring months) which I would project will continue through the remainder of the year.  This provides an optimal time for buyers to buy a home before the run-up in pricing I expect once we get to 2007. 

Current Market Summary
August 2006

All Single Family Sales

2006 2005

2,805 2,634

+  6%

All Active Single Family Listings

2006 2005

8,137 8,302

-  2%

Single Family Median Price

2006 2005

$182,500 $169,400

+  8%

Single Family Pending Sales

2006 2005

2,891 2,549

+ 13%

The average sales price in Austin for August 2006 was $243,684.