I hope that you are staying cool as summer and the Austin housing market are heating up! I continually have people asking me what is the Austin housing market doing, REALLY? As we are halfway through 2009, here are some mid year market stats for those who are curious.
Due to historically low mortgage rates and the sustained growth in the Austin job market, the Central Texas housing market is gaining momentum from the beginning of the year. As we reach mid year we see that, unlike the national real estate market, the average sale price for single-family homes in Austin is up $22,450 from the beginning of the year, while median sales price is up $17,500 (April 2009 compared to January 2009).
Below is a chart summarizing Jan- May Market Activity. This information courtesy of Austin Board of Realtors.
Please email me if you would like an activity summary or a year to date update of a specific area/neighborhood in Austin. |
