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July 2010

There are 1 blog entries for July 2010.

Austin Texas Real Estate Market Update and Statistics June 2010

Wednesday, July 7th, 2010 at 6:25pm. 2,271 Views

Austin real estate showed varied but mostly positive results in June 2010 with major improvements in median sold prices and a drop in the number of homes sold, presumably due to a lull in home sales after the tax credit expiration. Median sold prices per square foot increased 4.2% and median sold prices (total dollars) increased by 14.5%! The total number of homes sold was down 11.4%, although the total dollar volume of homes sold increased 2.3%. The supply of homes increased 11% from 5.5 to 6.1 months.  During June 2010 it took 14.3% less time to get a home sold than June 2009. In summary, the market showed some improvement despite the tax credit expiration.    The Austin unemployment rate (Austin-Round Rock-San Marcos) decreased slightly from 7.0%…

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