A qoute from the recent report is that, "Austin Remained the Strongest of the Top 20 Markets On Every Metric in September"
Other notable facets of the report were that there were 17,076 single-family permits in 2005, Autin is the 19th largest market in the country.
Reasons for Austin's Market Strengthe were due to strong job growth and investor demand which led to higher traffic levels.
Low inventory continues to fuel strong price appreciation.
REALTORS in the markets below were surveyed on their opinions of
MARKET TRAFFIC (T)
PRICE TRENDS (P)
& BUILDER INCENTIVES (I)
*** THESE WERE THE MARKETS SURVEYED ***
Atlanta, Georgia T= Down; P= Down; I= Down
Austin , Texas T= UP; P= UP; I= Down
Charlotte, North Carolina T= Even; P= Up; I= Down
Chicago, Illinois T= Down; P= Down; I= Down
Dallas, Texas T= Down; P= Down; I= Down
Denver, Colorado T= Down; P= Down; I= Down
Fort Myers, Florida T= Down; P= Down; I= Down
Houston, Texas T= Down; P= Up; I= Down
Jacksonville, Florida T= Down; P= Down; I= Down
Las Vegas, Nevada T= Down; P= Down; I= Down
Los Angeles, California T= Down; P= Down; I= Down
Miami, Florida T= Down; P= Down; I= Down
Minneapolis, Minnesota T= Down; P= Down; I= Down
New York-Northern New Jersey T= Down; P= Down; I= Down
Orlando, Florida T= Down; P= Down; I= Down
Phoenix, Arizona T= Down; P= Down; I= Down
Riverside-San Bernardino [Inland Empire], California T= Down; P= Down; I= Down
Seattle, Washington T= Down; P= Even; I= Down
Tampa, Florida T= Down; P= Down; I= Down
Washington, D.C. T= Down; P= Down; I= Down
Robert, where is this report that you reference? Dallas has over 47,000 active properties on the market. That is not "low" inventory. It's about 5.8 months of supply. 6 months of supply moves us into a Buyer's market...