The Austin Board of REALTORS® has reported that the volume of single-family home sales in April 2009 was 1,601, down 18 percent from April 2008, and the median price was $189,000, up one percent over the same time period. In Lakeway or homes under the Lake Travis ISD, single-family homes sales in April 2009 is down 14% compared to April 2008.
The outlook for Austin is getting better as the sales have increased and the gap between the months have started to close in. With the current low interest rates (4.5-4.75% 30 year fixed) and the 8K stimulus for first time home buyers, we hope that this continues. It was mentioned in my office that over 50% of the buyers in the current market are first time home buyers, wow!
We hope that more enlightening news about our real estate market continues. Let's see what May brings us!
