“Buyers in the Austin region were very active during February. There were 1,975 purchase agreements signed during the month, an increase of 41.4 percent from a year ago.
Home prices have shown early signs of stabilizing, but remain relatively soft. The February median sales price of $181,700 was a decrease from a year ago of 3.3 percent.
Soft prices have combined with extremely low mortgage rates to create an attractive environment for buyers. The Housing Affordability Index in February of 157 is an improvement of 6.6 percent from a year ago, and is up dramatically from the low point seen a few years back. This indicates favorable conditions for home buying.”
About Ed Neuhaus
Broker and founder of Neuhaus Realty Group. I started working in real estate as soon as I could push a lawnmower and help clean up investment properties for my parents. Investing in real estate has always been a passion and now I have turned that passion into a way to help others. Buying and selling homes for others is just one way I think I can make the world better. No sales pressure, no gimmicks, just an honest work ethic gets the job done. Let me know how I can help you. Give me a call today at 512.366.3720
