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Market Reports for April 2016
AUSTIN, Texas – May 19, 2016 – Single-family home sales increased in […]
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© 2016 R.E. Source
Existing home sales report shows early spring
Today’s existing home sales report shows the highest sales in eight months. The US median sale price hit a nine-year low. Conversely, if you are in Texas, and particularly Austin, transactions are up and the median price hasn’t really changed.
All-cash purchases are at the highest level since NAR started measuring these purchases monthly in October 2008, when they accounted for 15% of the market. The average of all-cash deals was 20% in 2009, rising to 28% last year.