Alamo Title of Austin has reported that in January, residential sales units were down 43.24% BUT pendings were UP 8.08% compared to January 2008. In February, residential sales were DOWN 26.32%, pending sales were DOWN 24.32% compared to February 2008. New listings are also down both months. I think sellers have come to a realization that you should only put your home in the sale market if you have to sell.
In Lake Travis ISD which includes Lakeway real estate, in January, sales are down 35% compared to last January and in February, sales are down 18% compared to last February.
If you are thinking of selling, give me a call to give you a market measure on a specific community or MLS area. If you are thinking of buying, it is absolutely a good time to buy in AUSTIN!
The information in the graph has been obtained from the Austin Board of Realtors and the information has not been verified. The graph is to be used for informational purposes only.
