Once again, residential sales in Austin have dropped 31% in March 2009 compared to last March (using units sold). In Lakeway, specifically all homes under Lake Travis ISD, residential sales are down 17% compared to last March. Though these numbers don't sound so great, looking at the charts below, we are at an upward trend for the season as we approach spring/summer when sales are usually higher. Hope this trend continues to grow upwards as the interest rates continue to stay low (currently 4.875% 30 year fixed).
This information has been obtained from the Austin Board of Realtors and has not been verified.
