They say that all markets shift (and they do by the way) and it looks like Austin is finally experiencing a small taste of what the rest of the nation has been crying about for a year now. Austin's sales have now fallen for the second month in a row.
According to a report by Alamo Title, our July sales were off 3.13% over last July. This follows a similar drop in June over June sales the previous month.
Now, let's not get this out of perspective. These are small drops and small drops coming off a fantastic year for real estate. We are far from needing to panic and in fact, I'd just suggest a nod to the statistics as you watch Austin have another great year. Our economy is solid and things overall look great for the future of the river city.
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