Austin Homes Market - July'08

Here's the July data on the Austin homes market: sales are sagging, down 22% from July 2007, and average & median prices are almost unchanged from last July. Days on the market, number of listings and months of inventory are way up.

Austin Jobs Market

We're very lucky in Austin to have a strong jobs market. The unemployment rate in June is up to 4.1% (5.7% nationally), but it could be lots worse.

Also, we're seeing 13% of all foreclosures of properties being owned by out of state owners, mostly from CA.