January 21st, 2010 6:27 PM by Heather Brown
Austin Home Sales - Up 5%
Austin home buyers returned in force last month, increasing sales 5% from the same time in 2008, according to the Austin Board of Realtors.
The median price of the 1,373 homes sold in December rose to about $194,000, an increase of 6% year over year.
Dramatic increases in sales volume were seen in October and November of last year, which were probably related to the original deadline for the first time home buyer tax credit.
Increases in sales volume past November along with figures that have improved steadily throughout the year indicate that, while some demand was driven by the initial tax credit deadline, a sustainable recovery is also underway in Austin's real estate market.
Even though the recent numbers were encouraging, home sales were still down 6% overall from 2008. Homes sold last year drifted near a $188,480 median price which was down 1 percent year over year. Officials said the overall 6 percent decline in home sales is still a significant improvement when compared to the double digit decreases that we experienced in the first quarter of 2009.
*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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