According to the Multiple Listing Service (MLS) report released 11/18/2010 by the Austin Board of REALTORS®, the Austin real estate market continues to hold its value despite a slowdown in sales. What can we say that we haven’t said before? Newspapers warn of possible foreclosure moratoria, job growth is
With this month's report, be mindful of the fact that activity was uniquely strong last year at this time due to the approaching deadline for the 2009 tax credit. This means that we're entering an apples-to-oranges comparison period which may make this year's activity look especially slow for the next few months. Combine that with the fact that this time of year typically endures slowed sales activity and that buyers in 2010 were driven to enter contracts by April 30, 2010, and you'll see that September 2010's numbers should be taken with a grain of proverbial salt.
The Austin housing market for September 2009 showed some very positive signs. With interest rates hovering at next to nothing, home sales jumped dramatically. Homes sold in the month of September increased 35.9% over the same time a year ago. This is a good sign considering homes sales year
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, the impact of the expired homebuyer tax credits is still being felt in the Austin real estate market, yet the gap in year-over-year sales volume narrowed slightly compared to last month. The volume
“Recovery loses steam.” “Housing demand in a slump.” “Tax credit leaves mess in its wake.” We’re bombarded with headlines like these every day. Some have merit, some don’t. The truth is, the economy is now driving the housing market and not vice versa.
Think global, act local. With European debt crises, oil spills and disappointing job growth figures putting stress on the stock market, the local housing market didn’t fare much better. Buyers remained hesitant during June, as Pending Sales posted a 15.2 percent decrease from last year. Many would-be June buyers
May 2010 provided our first month of data after an extensive 18-month tax credit party. And the hangover has apparently set in. The tax credit clearly propped up sales, so they predictably took a substantial dip a month after it expired. Pending Sales decreased 26.8 percent compared to last
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
“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
“Home sales in the Austin region were once again strong in January at 1,646 purchase agreements signed. That’s the sixth consecutive month where the change compared to a year ago was even or positive. The increase in sales has led to stabilizing home prices. January’s median sales price of