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Many REALTORS® building a website with the intent to get search engine rankings and buyer traffic tend to focus on broad search terms such as "My City" real estate or "My City" home search. While these terms are productive for the top 5 websites, they are a waist of time for the rest of us. It is more realistic to focus on a specific area such as a county, area of town (West Austin for example), school district, or neighborhood. Build a webpage dedicated to the area and work on installing qu... Read Full Post

The Austin real estate market has improved only slightly when May 2010 is compared to May 2009. This year has shown a 16% increase in home sales and 2.6% increase in the median sold price per square foot when compared to the same time period in 2009. However May 2010 still proved to us summer is among us with a 5.2% increase in the number of homes sold and a 2.3% increase in the median sold price per square foot as compared to May 2009. It is taking less time for the average homeowner to get ... Read Full Post

TheAustin unemployment rate experienced a slight decrease from 7.1% to 7.0% in April 2010. The State of Texas unemployment rate also decreased slightly from 8.2% in March 2010 to 8.1 in April 2010. The U.S. unemployment did decrease from 10.2% in March 2010 to 9.5% in April 2010. Austin-Round Rock-San Marcos continues to be lower than the National average. Between January 1st and May 21st a total of 2973 single family homes sold in the city limits of Austin. While only 2587 homes sold during ... Read Full Post

Just as the temperatures are rising with summer upon us so is the Austin real estate market. Overall Austin experienced an 8% increase in the number of homes sold and a 4% price per square foot increase in April 2010 compared to April 2009. There was a 48% decrease in the supply of homes for sale with only 3 months of current inventory for single family homes. Although the unemployment rate for Austin is 7.1% it still remains lower than the unemployment rate for the U.S. and Texas. For a more... Read Full Post

Summer is here. So what does that mean for Austin real estate? Both the number of homes sold in the Austin area and the supply of homes for sale are down as compared to this time last year. There are 3,934 single-family homes actively for sale within the city limits of Austin, Texas as of 6/4/09. Some good news is that the Austin unemployment rate has continued to decline. The overall unemployment rate for the Austin area was 6.2% in April 2009 and has gone down to 5.8% over the past month. T... Read Full Post

A pattern of Austin area seasonal home sale increases has held true, as the number of home sales have gradually been increasing since January of 2009. While Austin has seen 28% fewer homes sold in April 2009 than April 2008, the local unemployment rate has improved slightly since February of this year. The overall Austin unemployment rate remains lower than Texas' overall numbers, indicating strength in the Austin economy. Despite this indication of a strong Austin economy, average sold price... Read Full Post

According to the most recent market statistics released from the Austin Board of REALTORS®, Austin appears to be weathering the national recession well. The Austin real estate market continues to outperform many other US cities. While the overall number of homes sold in March of 2009 was lower than homes sold in March of 2008, prices have fallen only moderately over the last two quarters. The number of single-family homes has actually risen by 25% since February of this year. In addition, so... Read Full Post

Overall, the median selling prices for homes in the Austin area are down 3.2% for February 2009, as compared to the median selling prices for February 2008. In addition, the number of homes sold in February 2009 has decreased by 41%, as compared to homes sold during February 2008. Bank rates for a 30 year fixed mortgage remain very low at 5.25% as of 3/1/09 according to bankrate.com. So, what does all this mean? For one thing, this is an excellent time to consider purchasing a home in Austin ... Read Full Post

The 2008 Austin real estate market was tumultuous, but it wasn't devastating as one has seen in other parts of the country. While the number of homes sold was down 23%, prices for single-family homes were actually up by $.82 per square foot for the year. So what does this mean? Low unemployment in Austin has kept a large number of residents from being forced to sell their home. As a result, many homeowners have chosen not to sell rather than take less than what they want to earn from the sale... Read Full Post

Austin real estate remains one of the strongest markets in the country with an overall median sold price increase for the year for Austin homes. While Austin has experienced an overall median price increase of 1.1% for the year, the number of homes sold is down 23%. Clearly the national economy is the culprit for causing the sale volume to slow here at the end of the year. To review my detailed Austin real estate market update for November 2008 click on this link. Read Full Post