Austin Texas Real Estate Statistical Report for 2010
The Overall Austin Market:Sales in December were up 6% over last December. This was a dramatic turn from last month which was off 27%. For the 2010 calendar year sales were off 5% to 17,905 single-family homes. The average sales price, however, was up 4% compared to 2009. 2010 was an unusual year, even considering the national economy. Last Spring saw the end of two homeowner's tax credits. This created an unusually active Spring and a less active Summer. Recently more buyers seem to be focusing on the below 5% interest rates and the increased affordability they are receiving. They are finding suppressed prices and good selection.Austin continues to be prominently mentioned among the Top Cities nationally - the latest being ABC News' naming Austin #1 to rebound economically. In a completel...