!!21.5% SPIKE!!
July 2020 ~ AUSTIN MARKET HOUSING STATS
You keep hearing about it. The proof is in the numbers. Check it:
@AustinBoardofRealtors just reported a 21.5% increase in July sales year over year. According to @abor_realtors, the robust increase demonstrates the vital role real estate will play as the region begins its economic recovery from the COVID-19 pandemic.
In addition to the 21.5% jump to 4,537 home sales across the five-county MSA, the median price increased 10.7% to $353,000 and sales dollar volume also soared 36.7% to $2,037,152,035. Pending sales climbed 32.2% to 4,607 as new listings increase.
“July was a very encouraging month for the Central Texas housing market,” Romeo Manzanilla, 2020 #ABoR president, said. “Strong home sales, combined with an increase in new listings and pending sales, are important benchmarks when analyzing the health of our market. A healthy housing marketing is vital to the overall economic recovery in the region, and with two consecutive months of positive numbers, we are growing more confident that this is sustainable and can help be the spark that gets our economy back on track."
The couples home-shopping in the featured photo enjoyed a tour of numerous builder offerings last weekend until they found "the one." Single-family housing permits and starts expanded in July as housing demand and construction remain a bright spot for the overall economy.
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