AUSTIN (Austin American-Statesman) - Central Texas home sales skyrocketed nearly 31 percent in April and pending sales were up almost 47 percent from a year ago, as buyers rushed to beat the April 30 deadline for a federal income-tax credit, the Austin Board of Realtors (ABOR) reported.
ABOR reported that real estate agents sold 2,043 homes in April compared with 1,561 in April 2009. The median sale price was unchanged at $190,700.
From January through April, sales are up 17 percent.
The amount of time homes were on the market fell 13 percent, to an average of 69 days vs. 79 a year ago. The number of homes on the market in April — 10,749 active listings — amounted to a 6.5-month's supply, which represents a balanced market.
Sales of condominiums and townhouses also were strong in April, with the 213 sales amounting to a 63 percent increase from a year ago. Pending sales for condos and townhouses rose 70 percent.
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