Austin area home sales set a record for number of sales in July with an 11.7% year over year increase to 3,439 homes sold according to the Austin Board of Realtors. Sales in Austin remain flat due to limited inventory.
- The median price for homes rose by 3.2% to $325,000
- Sales dollar volume increased 15.4% year over year
- New lisings in the greater Austin area increased by 4%
- Monthly housing inventory decreased year over year by .2 months