real estate
11:25 am
Thu March 21, 2013

Austin Home Sales, Leases Continue Their Climb

Austin-area home sales were up 26 percent in February, according to the Austin Board of Realtors.

The board also reports the median sale price grew by seven percent to about $208,000. That’s in no small part because the number of homes on the market is much lower. At the current pace of sales, it would take about two-and-a-half months to sell all the homes on the market right now. That compares to four months a year ago.

The leasing market is just as hot – the median price for a month’s rent in February was $1,300. That’s six percent more than a year ago.