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Austin-area home sales dip for second consecutive month in August 2014
Austin Board of REALTORS® releases real estate statistics for August 2014
AUSTIN, Texas – September 18, 2014 – Austin-area home sales declined for the second consecutive month in August 2014 as rising home prices and housing affordability issues continue to affect the Austin-area housing market. According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales decreased four percent year-over-year to 2,835 single-family home sales in August 2014.
* The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
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If you are tired of pulling up sold and pending Austin area finding old MLS listings, and you want to see the new Austin MLS listings before they go on these public sites such as Realtor.com or Truila or Zillow. Because some Austin area Brokers are NO longer Synaticating listing through these public sites, you need a Buyers Agent to see current live data, with a live link to our local Austin area MLS.
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Call CARY TODAY! 512-820-4998 to find out what is happening with the Realty market in Austin, the Sky is the limit with Austin Realty with Cary Beach as your agent. The Austin Realty Market has grown! 1,899 single-family homes were sold in the Austin area in November of 2013 , which is 14 percent more than November 2012. The median price for Austin-area homes was $219,530, which is 10 percent more than the same month in 2012.
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