Just received this weeks issue of the Real Estate Center Online newsletter. Once again, I heartily thank the folks at Texas A & M Real Estate Center for the great work they are doing and the weekly updates. The numbers for April are not too great , but considering the status of the industry and economy nationwide, not too surprising either. Homes sales were down almost 17% compared to April 2007, but median price is up 5.2% to $152,500. We have a 7.1 month inventory, the highest we have seen since June 1998!! We are already showing signs of a strong buyers market and the trend is implying that is where will continue to head in the future.
To end on a positive note, the following areas have INCREASED sales since last year:
Amarillo(+4.9%), Beaumont(+2.9%), Brownsville(+31.6%), Bryan-College Station(+10%), Corpus Christi(+3.9%), Galveston(+293.9%), Lubbock(+13%), and Waco(+7.3%).
Kudos to all our fellow agents in those markets!
To see the rankings of all Texas cities, as well as the rest of this weeks issue of RECON go to http://www.recenter.tamu.edu/recon/RECON.asp?date=5/30/2008.
Wow, I never expected such a HUGE response in less than 24 hours. I am a newbie to blogging, so I wasn't sure what to expect, but WOW!! Thanks for all your greetings, too. I am so excited I just had to do another.
Here in Texas we are truly blessed to have the Real Estate Center at Texas A&M University(www.recenter.tamu.edu). They are THE SOURCE for real estate information in Texas: residential, commercial, you name it. They also post news relevant to the industry. They have a weekly email newsletter that is incredible. If you want to know anything about the real estate market in Texas, you need to go to their site. I get the newsletter and I still find myself at their site almost daily. Do any of you outside Texas have a similar source? I would love to see some of the same stats in some of the cities that aren't fairing as well as we are.
Prime examples of very important recent updates from RE Center:
-Texas unemployment rates dropped from last month to 4.1%, down from 4.4% this time last year, great considering the national average is 5%.
-San Antonio was recently listed in the top 10 "recession proof" cities by Forbes magazine, and is still one of the top ten fastest growing cities in the nation, averaging over 4400 new residents a month.
Next blog-more data straight from the Real Estate Market Overview 2008, put together by the RE Center.
Howdy y'all!
After learning about Active Rain at a Technology seminar given by Verl Workman, I couldn't wait to sign up. Now here I am posting my first blog.
I intend to keep posting about our market here, at least once a week. Unlike a good portion of the rest of the nation, we have a GREAT real estate market here in ol' San Antonio. In future blogs I will be posting a lot of stats and details. If any of you have any specific questions about San Antonio Real Estate, let me know. If I can't answer you, I know someone who can.
Dave Ondik, e-PRO, ABR, SRES
"The most decorated agent in San Antonio"
RE/MAX Northeast, REALTORS
Army Vet, prior experience in aerospace manufacturing. I have a very casual demeaner but I am a stickler for details. I'm a great talker but an even better listener.
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