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Central Texas Home Sales Hit 5 Year High

Flickr user fabfemme

It’s probably the last measure of the Austin housing market we’ll get this year. And the Austin Board of Realtors'newest report suggests home sales are ending 2012 on a high note.

Austin-area home sales hit a five year high in November, according to the report, the 18th straight month of increased sales. Last month, 1,671 single-family homes were sold. That’s  23 percent more than in November of 2011.  Condominium sales increased slightly more, by 26 percent.  

The higher demand for homes is also pushing up prices. The median price is for  single-family homes $200,000. That's seven percent higher than it was in November 2011. 

The Austin report reflects broader national increase in home sales. The National Association of Realtors said U.S. home sales surged to their highest level in three years last month. 

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 X @KUTnathan.
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