Austin home sales fall in October

From Austin Business Journal, November 20, 2008...

Single-family home sales in the Austin area fell 25 percent in October compared with the same month last year, and October’s active listings rose 5 percent from the same time last year, according to data from the Austin Board of Realtors.

Single-family home sales contributed $324 million to the Austin economy in October, down 24 percent from last October.

Median home price in October rose, however, to $192,520, a 7 percent increase from a year ago and a record for the month.

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