February 19th, 2010 3:08 PM by Heather Brown
Austin Area Home Sales Up 5% in January
Austin Home Sales in January 2010 were at 884 up 5% from the same month in 2009, according to the Multiple Listing Service report by the Austin Board of Realtors.
The Median Price remained stable in the same period, up 1% to $179,250.
John Horton, Chairman of ABOR said "At this point, we can look back and see that January 2009 was the low point of this cycle. With steady improvement throughout 2009 that continued in January 2010, we can see that we're one year into the recovery in Austin"
Throughout 2009, the volume of single family home sales in Austin improved steadily. In the first half of the year, the gap in year over year sales volume closed consistently, reaching levels similar to 2008 during the summer peak, with the exception of a dip in August.
In fall 2009, sales volume began outperforming 2008 and surged in October and November, spurred by the original deadline for the first time home buyer tax credit. In December 2009, sales volume returned to a modest increase of 5 percent compared with December 2008, a growth rate that was maintained in January 2010.
*Low Interest Rates,
*An Extremely Wide Selection of Homes to Choose From
*Low Down Payments
*Really Good Buys in the Market Place
*The Opportunity to Take advantage of the Revised Federal Tax Credit
All of these, make this, with out a Doubt, the BEST TIME to Buy a Home!!!
Please feel free to give me a call either at my office (512)328-5151 or on my Cell (512)751-2931 or you can visit my website www.HeatherBrown.com
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