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You are here: Home / Market Analysis / Austin Real Estate: The State of the Market
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Austin Real Estate: The State of the Market

towers staff April 18, 2008 Comment

With today's release of March real estate statistics, the Austin market posted its ninth consecutive monthly decline. While the news is mixed, the Austin market -- and Texas in general -- have fared better than most any other market in the U.S.Still, it's not like it used to be. While the average sale price last month was up 5% over last March, sales were down 21% from the same period last year. Today, nearly 40% of houses put on the market are removed before they sell. Price per square foot has dropped by 4%, and the average discount . . .

 

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Real estate, architecture, and city planning. Email: austin@towers.net

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