Tuesday, January 15, 2008

AUSTIN AREA MARKET TRENDS

The latest news is that the Austin real estate market is down for the 6th month in a row - 11%. Looks like we've been effected by the conditions in the rest of the country. I have a couple of buyers waiting for their homes to sell in slow markets in other states. That's a condition that is effecting our sales here.

The expectation is that it will level off and come back sooner rather than later. I'll keep you posted.

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