Mar 30, 2010
Buyers in Austin were even more active in March than in February, with a whopping 24.8 percent year-over-year increase in closed sales to bring the figure to 1,873 for this month.
Home prices remain steady. The March median sales price of $178,000 was 0.8 percent lower than a year ago. Year-to-date, prices have declined 1.3 percent from the same time in 2009.
Percent of Original List Price Received also provides reason for cautious optimism as transactions slowly creep back toward the seller’s favor. The 94.3 mark for March has consistently been inching upwards in 2010.
Low mortgage rates and the final days of the tax credit continue to create a favorable buying environment and affordability continues to soar. This may change; but we’re on top of it.
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
