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July 6, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Austin, Texas

Reported by Patsy Snyder, ABR CRS e-PRO GRI

Updated June 26, 2009.

Current Market Rating: 2




1
2
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5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

TEXAS RANKS FIRST FOR BUSINESS

TEXAS (Austin Business Journal)

Texas stands out as the top state for business, according to Directorship magazine.

Texas "has a pro-business tax climate that ranks third, a low cost of living, a relatively solid economy and a litigation environment that ranks tenth on our list," the magazine reported. "Texas also ranks first in the number of Fortune 500 companies located there."

Major corporate relocations and expansions such as Comerica's move to Dallas and Caterpillar's new plant in Seguin were highlighted as reasons for Texas' ranking.

Directorship evaluated states' overall economies, tax climates, cost of living and education to determine rankings.


The Week in Review

Units for Sale:

June 14 - June 20, 2009
(compared to the same week in 2008)

New listings down this week 18.57%
Pendings are up 1.05%
Solds up 4.85%


As for Average Prices:

June 14 - June 20, 2009

The "New Listings" average list price is up 0.95% to 308,072.

Sold average sales prices decreased 5.44% to $250,610. In 2008 it was $265,041 for the same week.



The Month In Review
May 2009

Units for Sale: (compared to May 2008)

New listings were down 30.65%.
Pendings were down 1.76%.
Solds decreased by 27.72%.

As for Average Prices:

The "New Listings" average list price is up 12.11% to 355,139. In May 2008 the average list price was $316,768.

Sold average sales prices decreased 3.35% to $250,014. For May 2008 it was $258,675.


Did You Know...?

That we had 12,608 active listings during the same week in 2008? Today there is 11,677 active listings! That is 7.38% decrease from last year.














































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ZIP Code: 78759

Approximate Location Boundaries: This report includes Austin and metro areas


For More Information:

View Market Conditions of other areas served by Patsy Snyder

Navigate: Top > Texas > Austin

About Patsy Snyder:
You will benefit from my straight forward style, enthusiasm, resourcefulness, trustworthiness, education and experience. I love working with people and I take pride in my efforts as a Realtor. I am truly a "born to be a Realtor" person.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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