From SEPTEMBER 2009 to SEPTEMBER 2010
Homes Sold: 1,274 - DOWN 27%
Median Sales Price: $195,000 - UP 4%
Days on Market: 82 - UP 15%
Active Listings: 10,453 - UP 14%
Source: Austin Board of REALTORS
The problem as I see it is that buyers expect prices to be lower or continue to go down, however as the statistics show, prices in the Austin area are actually going up and most sellers believe in the price of their home. It appears to be a grid lock where buyers aren't buying and sellers aren't selling. As more properties continue to come on the market, active listings go up and so do days on market. What will it take to unstuck this situation? Trust me buyers, sellers are still willing to negotiate. And the truth to sellers is that as more properties come on the market it will be tougher to sell unless prices do come down.
I'm looking for buyers. If you are planning to buy a home, let's talk about how I can help you. There are lots of properties available to choose from and the rest is about negotiating. Call or email me at 512.589.7988 or robin@robinscottrealtor.com
Austin, Texas Homes for Sale. Robin Scott, BROKER Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.
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