‘06 HOME SALES SIZZLED

AUSTIN (Austin American-Statesman) – December’s Multiple Listing Service report from the Austin Board of Realtors shows single-family home sales were higher than during the same period in 2005, capping another record year for the area housing market.

Single-family home sales for the month were up 3 percent from last year, totaling almost 2,000, with the year-end total sold at almost 27,000, a 10 percent increase from 2005.

The December single-family median price rose 4 percent to $177,500, and the year-end median price rose 6 percent to $174,500.

Average days-on-market was 63 days, the lowest time span in four years. The number of active listings declined by 4 percent to just over 7,800, marking the lowest number since 2001.