Austin's Real Estate Market May 2009

How's the real estate market in Austin, TX? Well, it could be better, though it is better than other parts of the country. Austin residential unit sales are down 22% this May compared to May 2008. In Lakeway or residential sales under Lake Travis ISD, sales are down 20% compared to last May.

Alamo Title reports that new listings are down 30.65% compared to last May. As for average prices in Austin, Alamo Title also reports that the "New Listings" average list price is up 12.11% to 355,139. In May 2008 the average list price was $316,768. Sold average sales prices decreased 3.35% to $250,014. For May 2008 it was $258,675.

The statistics reported below have been obtained from the Austin Board of Realtors and have not been confirmed. Pearl Jones nor Keller Williams Realty is not responsible for the inaccuracy of this report.

Austin #7 Best Housing Market

Here's the good news I've promised, you've been waiting for so long!

Business Week has reported that Austin/Round Rock, TX has ranked #7 as the Best housing market of third quarter across the US. The best in terms of price appreciation compared to this time last year (a 9.67% appreciation in one year or 28.82% in 5 years). So for you buyers out there, don’t wait any longer. Don’t you want to be a new homeowner by the time Austin ranks #1? Call me and let’s get started on your home search. 2008 is finally here!


Source: http://realestate.msn.com/slideshow.aspx?cp-documentid=5892595&imageindex=7