United States new home sales numbers have continued to increase between May and June. The numbers made available by the US Commerce Department appear to reflect a market recovery.
Between May and June the sales of single family homes increased 11 percent alone. This jump indicates a third consecutive increase, and surpasses the anticipated increase of 2.3 percent by many economists. This particular jump holds additional significance. Home sales have not made a significant increase of this nature since Dec. 2000, 8.5 years ago.
Additional positive news for the housing industry can be found in re-sales that posted an increase of 3.6 percent for the month of June. This puts the housing market in a more stable up swing than previous projection. This can be found in a report from the National Association of Realtors.
In the Austin area more than 2100 single family homes sold in June. This is actually down 4 percent from June of the previous year. According to a report from the Austin Board of Realtors, the year over year sales volume gap is decreasing every month, making Austin a steadier housing market then the majority of the country. The median price has remained the same, just under 200 thousand dollars, when comparing the same month in both years.
Overall, Austin sales volume is also increasing. The housing sales market report of this area indicates that sales have increased 61 percent since the onset of 2009.
Once again this proves the housing market in Central Texas is one of the most prolific.





