Austin, Texas, is one of the most populous cities in the nation. Does supply keep up with demand?
One local expert reports that "demand was up 10 percent based on units sold." The same report indicates that supply is down 4 percent -- which could explain why average days on market has dropped a substantial 10 percent.
Median home prices are up 7 percent from last year -- bringing the July numbers to $190,000.
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Published: September 7, 2007
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