My guess is that the median price went up because more expensive properties sold relative to small ones. Sure would hate to be sellin right now...
-Mr. Bubble
Homes sales decline in June; listings hit record level | Austin American Statesman
Homes sales fell 4 percent last month compared with June 2009’s volume, but the median sales price was up 4 percent, to $208,750, the Austin Board of Realtors reported today.
However, the number of homes on the market swelled to a record 11,749, a 16 percent increase from a year ago, while the number of sales in the closings pipeline fell by 23 percent, to 1,610.
Read the full story by clicking on the title...
Subscribe to:
Post Comments (Atom)
Posts
saw your comment on our post at http://www.goodlifeteam.com/buyers-market-why-are-you-not-buying
ReplyDeleteinterested in your further thoughts - I think we could have a very interesting discussion about the Austin market and the actions to take given the current market situation.
Jack