Austin Real Estate Market Statistics April 2009

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 prices are down 3.4% in April 2009, as compared to April 2008, making this a great time to think about purchasing real estate in Austin.

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