August 2014

There are 1 blog entries for August 2014.

Two data sources compiled the latest information about home sales and values in the Austin market and suggests some plateauing in what had been a longstanding upward sales trajectory.

The Austin Board of Realtors said sales in July dropped 3 percent compared with the same month in 2013, marking the first dip in velocity since May 2011. Still, median and average prices for homes sold increased in July to $250,000 up 9 percent compared to a year ago. The average home price in July was $318,856, 7 percent more than a year ago.

Zillow, the national internet real estate portal and brokerage, surveys all home stock within various submarkets. That company pegs the median home value of all houses in the Austin market at $216,900, reflecting a 13.4 percent

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