Austin area home sales are most in a year

By American-Statesman staff

Monday, July 20, 2009

Austin area home sales in June were the strongest they have been in a year, according to a new report from the Austin Board of Realtors.

The 2,135 single-family home sales were down 4 percent from June 2008, the smallest year-over-year decline in more than a year. Pending sales — sales in the pipeline to close in July — were up 4 percent, to 2,084.

The median price was unchanged from a year ago at $199,900.

“We’ve seen the year-over-year gap in sales volume close steadily throughout 2009, and that momentum continues this month,” said Jay Gohil, chairman of the Board of Realtors.

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