April 20th, 2007 4:50 PM by Heather Brown
According to the Austin Board of Realtors, the residential home market is up. A total of 2,343 existing homes were sold last month totaling almost $570 million dollars. This represented a 6% increase over last years March sales.
The median price for a single family home was just over $177,000 a 6% increase from last years median price. March homes spent an average of 65 days on the market, a 4% decrease from a year ago.
Condo and Town House sales collected close to 60 million dollars for Austin's local economy, a 19% increase over last year. The median price of Condo's and Town Homes also rose 14% from 2006 to $170,000.