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Austin Home Sales, Leases Continue Their Climb

Austin-area home sales were up 26 percent in February, according to the Austin Board of Realtors.

The board also reports the median sale price grew by seven percent to about $208,000. That’s in no small part because the number of homes on the market is much lower. At the current pace of sales, it would take about two-and-a-half months to sell all the homes on the market right now. That compares to four months a year ago.

The leasing market is just as hot – the median price for a month’s rent in February was $1,300. That’s six percent more than a year ago. 

Nathan Bernier is the transportation reporter at KUT. He covers the big projects that are reshaping how we get around Austin, like the I-35 overhaul, the airport's rapid growth and the multibillion dollar transit expansion Project Connect. He also focuses on the daily changes that affect how we walk, bike and drive around the city. Got a tip? Email him at Follow him on Twitter @KUTnathan.
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