I've just received the latest statistics from my friends at Gracy Title (see complete overview data below) - and it appears that we continue to adjust in the Austin Metro. While we remain better positioned than many across the country - our sold averages are down 4.4% this year over last. We are also seeing that the days on market are up almost 18%. Lastly, we've seen a large reduction in the amount of transactions being closed - looking at the whole of 2009 compared to 2008 we are down 20%. There are less buyers out there...
That being said - (warning: broken record moment) -- real estate is ***very LOCAL***. So you need to look at each area individually - and if possible, by neighborhood. I can tell you that there is good news out there - these areas have positive growth for July year over year: 4, 1A, 1N, 10S, PF, W, CLS, GTE (up almost 10%), GTW and LH (up 17%).
As always, if you want information about a neighborhood or your particular property I will give you my opinion on value...just drop me an mail.
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