Central Texas Home Sales Hit 5 Year High
It’s probably the last measure of the Austin housing market we’ll get this year. And the Austin Board of Realtors' newest report suggests home sales are ending 2012 on a high note.
Austin-area home sales hit a five year high in November, according to the report, the 18th straight month of increased sales. Last month, 1,671 single-family homes were sold. That’s 23 percent more than in November of 2011. Condominium sales increased slightly more, by 26 percent.
The higher demand for homes is also pushing up prices. The median price is for single-family homes $200,000. That's seven percent higher than it was in November 2011.
The Austin report reflects broader national increase in home sales. The National Association of Realtors said U.S. home sales surged to their highest level in three years last month.