Austin, Texas, market expert, David Raesz, is reporting that "finding a property value in today's market is more challenging since 2006. Most buyers and sellers are looking for their up in a down market!"

He says that the area with the best job growth and sales is Southwest Austin. Austin is currently seeing a 3.6 month absorption rate, as sales show a sign up picking up. Raesz reports that there have been 47 sales in January, 60 in February, 86 in March, and 101 in April.

He also reports that the city is seeing a neutral market with falling prices.

Published: June 2, 2009

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