AUSTIN HOMES SALES DOWN, PRICES UP. WHAT'S UP WITH THAT?

Austin area market statistics show that home sales are down for the 7th straight month but the average price of homes has risen. This does not mean that sellers are getting more for their homes. There is such a large number of homes in inventory that you must price your home competitively to sell it. What has happened it that more homes are being sold on the higher end because it's tougher for first-time home buyers or home buyers on the lower end to get financing.