Austin Residential Home Market Up 6%.
6 seems to be the magic number! Our total revenue in existing single-family homes sold in March went up 6% from March of 2006 and the median price of $177,000 was also 6% higher than March of 2006. Days on market went down 4% to 65. Condos and Townhouses did even better...19% increase in revenue and 14% in median sales price to $170,000. The rest of the country may be stagnant or worse, but we continue to have a strong market.
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