Sorry I took to long to post the December 2008 real estate statistics. Alamo Title has reported that December residential sales are down 3.86% compared to last December. On a brighter note, pending sales are up 35.10%. New listings are also down 47.01%.
Looking at the graph, in the past years, February marks the beginning in the uprise of sales, continues until spring and dips in the fall. With the lower interest rates, we have seen an increase in pending sales, we sure hope that this is a good sign for Austin's real estate. Keep an eye out for January 2009's statistics.
NOTE: This information has been retrieved from Alamo Title of Austin. The accuracy of this report has not been verified and neither I or Keller Williams Realty guarantees and is responsible for its accuracy.
