Archive for How’s the Market?
North Austin Real Estate Market Report December 2011
If you’re thinking of selling your home in Austin in the coming year your timing may be perfect. With increased demand and a decline in inventory coupled with never seen before low interest rates, most micro markets have shifted to sellers’ markets. The inventory of homes for sale in Austin, TX has dropped below 5 [...]
Pending Sales Up 26%
Pending home sales for the month of December 2011 are up 26% when compared to 2010! Pending sales, which are a lead indicator for future closings, show that the the housing market in Austin may be gaining steam. While prices remain virtually unchanged from a year ago, they may soon follow: With inventory or active [...]
Number of Active Listings Drops 18%
The number of active listings reported for November 2011 dropped to 8,404, which represents an 18% decline when compared to 2010. Pending sales are up 14% and closed sales were up 13% for the same month as well. Year-to-date total volume is also the highest since 2008, as you can see in the chart [...]
Housing Prices Approaching Bottom
For those who follow my posts, you undoubtedly know that I’ve been saying for a while that I feel this is a great time to invest in Austin TX real estate. In the 11 years I have been practicing real estate in Austin, I have never seen market conditions like today’s in which values are declining [...]
Why You Should Invest in Austin, TX
I came across this video on investing in Austin, TX and wanted to share it with you all. Personally I have seen a dramatic increase in the volume of business over the last six months. One thing that has been very apparent is the amount of investor activity in the market place, especially on distressed [...]
October Home Sales Strong in Austin, Values Down!
If you have been following the news you will know that home sales in Austin have been strong. Preliminary numbers for October 2011 show closed transactions up 26% and pending sales up 18% versus October 2010! On the flip side, the average sales price for the same time period is down 3% and the average [...]
September Home Sales Show Mixed Results
Home sales for September 2011 show improvement over 2010. Pending sales for the month were up 19% and closed transactions were also up, at 26%. While this represents significant improvement, please keep in mind, as the chart below shows, the last 6 months of 2010 were extremely slow due to few buyers in market (all the [...]
