Strong homebuying activity this summer pushed July home sales to their highest level in seven years, and the median home-sale price climbed to its highest monthly level on record, the latest figures show
In the Austin-Round Rock metro area, July home sales rose 8.8 percent over the previous July, with 3,103 sales recorded. That was the highest volume for July since 2011, Austin Board of Realtors said Thursday. Half of those sales were above the $320,000 price point and half were below, marking a 6 percent increase in the median sales price. It was also the area’s highest median price on record for any month, the board said.
Inside Austin’s city limits, home sales jumped by 13.5 percent, with 952 transactions recorded, according to the board. The median price for those sales was $390,000, up 6 percent from July 2017.
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