Are condominium sales really declining? Developers: Reported 12 percent drop in activity excludes new units
Community Impact | July 22, 2015
Central Austin condominium developers are refuting a July report that claims sales are down 12 percent so far this year.
There were 1,178 Austin-area condos and townhomes sold between January and May, a double-digit percentage decrease compared with the same time last year, according to the Texas A&M University Real Estate Center, which conducted the mid-year report. Roughly 43 percent of those units were sold in Central Austin, based on sales figures provided by the Austin Board of Realtors.