Another disappointing month is behind us. Austin Residential sales is down 25% compared to last May. Per Alamo Title, "Sold average sales prices increased 4.89% to $257,618. For May 2007 it was $245,616." This means that homes are still appreciating. Whew!
As far as Lake South stats, which includes all areas under Lake Travis ISD, residential sales are down 18% compared to last May. That's pretty high considering, May is one of our peak real estate sales months. I have attached the graphs for your reference.
NOTE: The information herein has been obtained from Alamo Title Company and Austin Board of Realtors and have not been verified. The first graph has been provided dby Alamo Title Company.
