Realty Times - Austin, Texas Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

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Austin Metro - Barton Creek Resort - Circle C - Copperfield - Great Hills - Hyde Park - Legen Oaks - North Austin - Northwest Austin - River Place - Scofield Farms - Steiner Ranch - Western Oaks

Market Conditions Summary for Austin, Texas

Reported by

Delilah Fuentes (512) 415-5364
as of 12/1/2008:

NOVEMBER 2008 - HERE IS THE BOTTOM LINE: Single Family Homes in Austin for the month of October 2008 versus October 2007. Demand was down 25% based on units sold. (1331 units sold) Supply went up 5% based on Active Listings (9944... MORE->
About Delilah Fuentes (512) 415-5364

Reported by

David Raesz (512) 794-6635
as of 11/29/2008:

Learn how you can identify a market shift in your community. Identify the best values and what to avoid! 78749 zip code is ranked # 1 for the best place to buy or sale a home in the United States! Today there are 403 Active properties on the market... MORE->
About David Raesz (512) 794-6635

Reported by

Patsy Snyder
as of 11/28/2008:

Austin Business Journal Austin is ranked among Top 10 growth centers in a bizjournals study released Monday. The 10 fastest-growing metropolitan areas during the prosperous 1990s have continued expanding in the present decade, despite... MORE->
About Patsy Snyder

Reported by

Donna Scoggins
as of 11/19/2008:

MARKET COMMENT Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading was choppy with thin conditions surrounding the holiday. Continued global economic uncertainty remained the focus. Both stocks and bonds exhibited... MORE->
About Donna Scoggins

Reported by
Mike Cusimano
as of 11/17/2008:

I see a better 2008 for real estate! The amount of homes available for sale has increased to over 12,000. But that's only an increase of 4.83% compared to last year this same time which is not that bad given our current economy and housing market.... MORE->
About Mike Cusimano

Reported by

Rob & Carolyn Abbott
as of 11/6/2008:

HEADLINE: Austin: On of the best markets for 'Bang for your Buck...Read on for more Analysis! Home Prices Still Appreciating in October! Austin and San Antonio lead our list of places where your money goes farthest. Residents of both enjoy... MORE->
About Rob & Carolyn Abbott

Reported by

Lena Lansdale
as of 11/1/2008:

AUSTIN: � 1,842 homes sold (7.2 percent decrease) � Median price of $183,300 (0.4 % increase � 6-month inventory EXISTING HOME SALES DROP IN SEPTEMBER TEXAS (Real Estate Center) - A total of 17,526 existing homes were sold... MORE->
About Lena Lansdale

Reported by

Suzy Juncker
as of 10/25/2008:

Any further slowdown appears to be the result of the tightening of mortgage lending guidelines. Obtaining a loan has become much more difficult, especially for a first-time buyer. However, for those who are doing well financially there is... MORE->

Reported by

John Mangione
as of 9/16/2008:

The Austin Real Estate market remains resilient in an increasingly bleak national housing market. Home prices fell 3.1 percent across the country in the last year, while Austin rose 7.7 percent. Other Texas cities rose about 3 to 4 percent. New Home... MORE->
About John Mangione

Reported by

Patty Haug
as of 6/16/2008:

Interest rates are continuing to rise, currently they are 6.5% for FHA & VA, around 7% for conventional. In the Georgetown area, supply and demand are in balance. We are experiencing a longer marketing time, around 60 to 90... MORE->
About Patty Haug

Reported by

Roya Johnson
as of 6/11/2008:

Lakes and their significance in the Austin, Texas real estate market today. Despite the national housing slowdown and negative news headlines in many neighborhoods, the Austin Real Estate market continues to be healthy. Austin's waterfront... MORE->
About Roya Johnson

Average Current Market Rating: 2.4 (11 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 3.2 (11 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Texas > Austin
Austin Metro - Barton Creek Resort - Circle C - Copperfield - Great Hills - Hyde Park - Legen Oaks - North Austin - Northwest Austin - River Place - Scofield Farms - Steiner Ranch - Western Oaks

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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