This month has been really strong. In my personal book of business – 6 contracts in 10 days and I’m pretty sure mine wasn’t a unique experience. As I did research for this update you can imagine my surprise when I learned that our inventory of homes was increasing in Central Austin. Meanwhile prices have been holding…
Tag Archive: Market Reports
Paul's Central Austin Market Update for April 2011
Central Austin Sees an Increase in Home Inventory As you can see below the housing inventory in Central Austin’s two largest zip codes 78703 and 78731 are climbing again and buyers are getting back some of the strength they lost last month. Showings meanwhile are down 25% and homes that are being absorbed by the…
Austin unemployment rate falls again
Just read this in The Austin Business Journal the highlights are… Nationally the unemployment rate is currently 8.8%. Texas leads the country with 37,200 jobs added in March Austin contributed 9,300 or 25% of these jobs Austin’s unemployment number is 2 points below the nation at 6.8% Way to go Austin employers!
Paul's Central Austin Market Report – March 2011
Multiple offers, lower inventory and a sense of urgency is the mantra for March. While the country is seeing headlines like “Existing home sales dive, prices at nine- year low” (from MSNBC) Central Austin is experiencing something very different. In the month of March we have repeatedly seen multiple offer situations. In the field, it’s…
Why Invest in Central Austin
Buying a home as an investment is speculative but so is the stock market or any other investment. As you can see in this chart real estate has outperformed the Dow, S & P and the Nasdaq by a large margin. This chart was put together by MSN Money and Case Shiller and looked more generally at the national market.to take on….
Central Austin Market Report – Jan. 2011
In the last sixty days, the Central Austin sold more homes than came on the market. See the inventory chart below for zip codes 78703, 78731 and 78757. We remain in a buyers market and probably will for some time, but buyers are feeling pressure to move faster and secure the best homes. As one…
Notes from the Austin Economic Forecast
The Austin Board of Realtors and the Home Builders Association held an Economic Forecast event last week at the Renaissance Hotel. I did not attend but my marketing rep at Independence Title did, and she was kind enough to share her notes. (Thanks Kindra!) Per Susan Davenport, Senior VP of Technology Strategy for the Austin Chamber…
Market Update for Central Austin – December 2010
We sold more homes in Central Austin than was anticipated. We saw multiple offers above the list price for homes that came on the market priced to move. Motivated sellers, interest rates inching up and fewer homes on the market created urgency for buyers who didn’t want to miss the opportunity. I hope to see this…
Central Austin Market Update – November 2010
Central Austin real estate sales are slowing. Homes are coming off the market as we prepare to close out 2010. Some sellers are taking their homes off the market to try again in the spring while others are continuing their sales efforts. Those selling in the fall and winter are quick to discount their homes…
October 2010 State of the Market
State and direction of today’s real estate market in Austin: This 20-city composite gives us a good idea of where the rest of the country is. Sellers are adjusting their prices more frequently with deeper discounts. Hopefully this illustrates why treading water in Austin, Texas is a win. This month we take a broader look…
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