Market Update | January 2011

Market Update | January 2011

Jan 28, 2011

January 20, 2011 – Sales of single-family homes in the Austin area were six percent higher in December 2010 than December 2009 with 1,442 homes sold, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. In the same time period, the median price in Austin was $191,760, the same as December 2009; and homes...

Market Update | December 2010

Market Update | December 2010

Dec 20, 2010

There are billions of dollars in capital parked against the wall, skates on, patiently waiting for just the right song to dance pairs to. Job growth figures already strummed an uplifting tune for November skaters. With interest rates maintaining at record lows and the 2010 tax credit now yesterday’s fashion, let’s look at what’s happening in our...

Market Update | November 2010

Market Update | November 2010

Nov 21, 2010

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 just barely in the black ink and the midterm...

Market Update | October 2010

Market Update | October 2010

Oct 28, 2010

According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin area homes sales were down in September compared to the same month the prior year, but remained on pace with 2009 year-to-date. The volume of Austin area home sales in September 2010 was 1,274, down 27 percent from the same month in 2009. Year-to-date,...

Market Update | September 2010

Market Update | September 2010

Sep 22, 2010

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 to date are down 16.4%.  Which has lead to a glut of inventory...

Market Update | August 2010

Market Update | August 2010

Aug 30, 2010

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 of Austin area home sales in August 2010 was...

Market Update | July 2010

Market Update | July 2010

Jul 30, 2010

“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.   Pending Sales in the Austin region dropped by 14.6 percent from last July to arrive at...

Market Update | June 2010

Market Update | June 2010

Jun 26, 2010

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 already bought during the credit period. Due to...