Austin Home Sales Drop; Still Better Than Nation - 03/30/08 10:25 PM
According to an article in the Austin American-Statesman in February 2008, existing home sales in the central Texas area fell to a two-year low in January 2008, but prices rose 7 percent, bucking the national trend. This means Austin's real estate market is still in decent shape compared to the rest of the nation. Home sales fell over 22 percent in January nationwide, with median prices down 5 percent. The market is saturated with a 10-month supply of houses for sale. In the Austin area, however, sales fell only 10 percent and the number of homes on the market rose 24 … (0 comments)

 

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