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AUSTIN HOUSING MARKET IS HOT April 21, 2006
AUSTIN (abor.com) – The Austin area housing market was hot in March, with single-family home sales up 18 percent from the previous year. Records from the Austin Board of Realtors’ latest Multiple Listing Service report show home sales and aggregate revenue records were broken in March.
A total of 2,373 homes sold in March, and the median price was $166,500 — a 7 percent jump from last March.
Townhouse and condominium sales jumped 80 percent to 292. Farm and ranch sales increased 41 percent to 82. The median price of both classifications rose 6 percent — townhouses and condominiums to $147,580 and farms and ranches to $189,450.
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