The Austin Statesman reported today that the Austin housing market is still strong despite a slowing market in many areas nationwide.
Central Texas home buyers have snatched up a record number of homes so far this year. Sales of existing single-family homes rose 6 percent in November from the same month a year ago. From January through November, sales surpassed the total number of homes sold in 2005.Last month, 1,902 homes were sold, according to the Austin Board of Realtors. Prices also showed an increase, with the median price at $175,000, up 3 percent from the previous year.
The article goes on to say that pending sales were up 14 percent year-over-year at 2,148, which
indicates that December also might be a stronger month.
It is also a good indicator of positive activity into the first quarter of 2007, said Charles Heimsath, president of Austin-based real estate consulting firm Capitol Market Research.
"Ending the year on a strong note is really positive news for Austin," Heimsath said. "We are certainly a bright spot in the national housing market because many other markets in the country are entering a much slower period, and in some cases, even a slump."
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