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Austin Market
Home » Austin » Austin Real Estate » Austin MarketThe Austin property market has seen many changes throughout the last year but especially during March of 2006. Single family home sales have increased an amazing 18% since March 2006 which broke records of home sales and overall revenue records listed by the Austin Board of Realtors.
During the month of March a total of just over 2,000 homes were sold and the average price for a property within the area is around $166,000 which has resulted in a 7% jump since last year.
The most popular properties for 2006 was townhouses (which are common for the Texas area) with sales jumping from 80% to a staggering 290% and ranch sales rose from 41% to 82%. This resulted in another rise by 6% with townhouses ranging from $147,000 and ranches around $189,000.
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