Alamo Title who is my monthly source of my Austin Real Estate Market Statistics has not posted the November numbers nor have they updated their chart. I am using Austin Board of Realtors information this month so here it goes.
ABoR reports that single family home sales (number of units) is down 40% compared to last November. Ouch! It is also 20% year to date lower than last year.
As far as Lakeway and communities in the Lake South MLS, residential sales are down 4% from last November. That doesn't sound so bad but you must consider that last fall is when the sales in LS have started to slow down. In a lighter note, it appears as there is a good amount of homes currently pending (in December) and with the Feds currently decreasing the interest rate, we hope that this stimulates home buying again. Let's keep our fingers crossed that our wishes become reality! Wouldn't that be nice?
NOTE: The statistics posted herein are obtained from the Austin Board of Realtors and have not been verified.
