Home sales have increased since April 2008 despite the economic conditions across the country.  Austin is ranked #3 in recession proof cities, according to Forbes magazine.  Why?  Austin continues to have a relatively low unemployment rate and cost of living index.  There has been a steady increase in sales volume since January 2008.  In fact, single-family home sales in May 2008 reached their highest point in eight months totaling 2,154 and contributing $566,827,254 to the local economy.  The median price for single-family homes have seen a seven percent increase since May 2007 reaching $196,120.  With this being said market conditions continue to be favorable in Austin and the surrounding areas as buyers and investors alike take advantage of mortgage interest rates, home prices, and family income.