Austin real estate continues to defy the odds as we near the end of 2008. While the number of homes sold is down 23% for the year, median single-family home prices are still up 1.1% for the year. The depressed national economy has clearly caused the slow down in home sales volume in Austin, but it is amazing that Austin…
I’m pleased to announce that I have released my newest Austin real estate market report for September 2008. While home prices in Austin are up 1.5% for the year, the number of homes sold is down 22% and withdrawals are up 34%. Homeowners seem to be taking their Austin homes off the market rather than taking less. The good news…
So far through August of 2008 Austin real estate has seen home sales volume drop 23% while Austin home sold prices are up 2% for single-family homes within the city limits. A high withdrawal rate combined with these statistics indicate that many people are able to “stay put” rather than taking a loss on the sale of their home. This also indicates that people have…
