Austin Real Estate Market
Posted Jun 22, 2007 @ 7:39 pm, Viewed by 687 Visitors, Read 700 Times.The Austin real estate market is on a roll! According to the Office of Federal Housing Enterprise Oversight the home prices in Austin appreciated more than 10% in the first quarter alone!
On Wednesday the Austin Business Journal reported that home sales in the area increased for the second month in a row. The city had a record month of May that was up 2% from May of 2006. The median home price was up 5% and the average days on market dropped by 7%.
The job growth in Austin has been strong, and that seems to be driving up the demand and the appreciation. We also have been getting lots of investors from out state the last few years, and that never hurts either!
Here is a link to the newspaper article:
austin.bizjournals.com/austin/stories/2007/06/18/daily20.html
Rate this Post!
Share this Post
Print
Social BookmarkingThis Post Has No Comments.
REW Blogs User Stats
Currently Online Users:
0
Total Users:
1,874
Entries:
5,702
Unique Views:
3,230,273
Total Views:
3,368,689
Total Comments:
6,205
Jim Olenbush is the Broker and Owner of Cantera Real Estate, Inc. in Austin, Texas. Jim has 12 years of experience in the Austin market and leads a team of 6 experienced agents. Read More
Contact Me
RSS Feed- This User's Stats
-
Blog Entries: 18Average Blog Rating: 1Unique Views: 9,412Total Views: 10,056Comments Posted: 16Comments Received: 16
- Friends
-
Top Rated
REW Blogs RSS Feed