Texas Real Estate – Monthly Report Shows Little Change in Central Texas Housing

RISMEDIA, March 21, 2008-According to the latest Multiple Listing Service (MLS) report, the median sales price for homes in Central Texas grew 2% in February. Single-family home sales were 10% lower than during the same period in 2007.

February 2008 single-family home sales totaled 1,553, a 10% decrease from last year. The median price of single-family properties rose 2% to $180,000.

Altogether, single-family property sales contributed $363,905,172 to the local economy last month, a decrease of 10% from the previous year. These properties sat on the market for an average of 75 days. The number of active listings in February was 9,127.

February 2008 – Single-Family Homes

• 1,553 was the number of single-family homes sold, a 10% decrease from one year ago
• $180,000 was the median price for single-family homes, a 2% increase from one year ago
• $363,905,172 was the total dollar volume of properties sold, a 10% decrease from one year ago

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Categories: Real Estate