The overall Austin market:
The Austin area's population increased by 44,000 people last year, and Austin finished the year with less than ½ of 1% negative economic growth. This led all 20 major metro areas in the U.S., which is a reflection of Austin's overall strength. Most forecasts look for the Austin area to bounce back during 2010 and 2011, returning to positive job growth during March of 2010. The combination of a talented workforce, strong business climate and high quality of life will continue to serve the Austin area well into the future.
The recently extended tax credits for homebuyers will increase our market activity into the Spring, and current activity bears this out. This is indeed a special time; with prices still suppressed, a good selection of homes and interest rates hovering near record lows at 5%, this market is a wonderful opportunity for buyers and move-up sellers alike.
Mary Battaglia CRS, GRI Austin, Texas
The Georgetown Real Estate Market
Average sold price - up 1.3% from a year ago to $226,753
Number of Sales YTD - down 11% compared to this time last year
Number of Active Listings - down 5% from last December to 626 listings
Months of Inventory - there is 7.2 months of inventory; an oversupply
Mary Battaglia CRS, GRI Austin, Texas
The Pflugerville Real Estate Market:
Average sold price - up slightly from a year ago to $156,000
Number of Sales YTD - down 7% compared to this time last year
Number of Active Listings - steady from last December to 381 listings
Months of Inventory - there is 4.5 months of inventory; a slight oversupply
Mary Battaglia CRS, GRI Austin, Texas
The Round Rock Real Estate Market
Average sold price - down from a year ago to $208,107
Number of Sales YTD - down 11.5% compared to this time last year
Number of Active Listings - down 17.5% from a year ago to 819 listings
Months of Inventory - there is 4.4 months of inventory; an slight oversupply
Mary Battaglia CRS, GRI Austin, Texas
The Cedar Park & Leander Real Estate Market
Average sold price - steady from a year ago to $208,917
Number of Sales YTD - down 7.6% compared to this time last year
Number of Active Listings - down 8.3% from a year ago to 739 listings
Months of Inventory - decreasing to 4.7 months; a slight oversupply
Mary Battaglia CRS, GRI Austin, Texas
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Over 20 years experience in Austin, Texas real estate as a top listing agent, buyer agent and corporate relocation specialist. I stress consistent communication & tenacious representation.
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