Tips Blog

Although the national real estate market has been very chaotic of late, Austin sailed through 2007 with only slight signs of cooling. Although December dollar sales just barely exceeded 2006 numbers, overall 2007 sales volume exceeded 2006 by almost $15,000,000. In statistics from Austin Title Company, unit sales ended the year off 5.5% of 2006 levels. Even with that, 2007 inventory absorption rate was the second highest in eight years and homes all across Austin showed strong appreciation, many MLS areas showing appreciation rates over 10%. Expanding companies, such as Silicon Laboratories and Samsung Electronics, have helped keep the Austin market strong.
 
In other real estate news, the “SOCO” area (South Congress) was named by NBC’s real estate guru as number one pick for the “Next Up and Coming Places.” The area was noted for its location just across the river from downtown, the neighborhood’s quirky atmosphere and active nightlife, and its embodiment of Austin’s unofficial slogan, “Keep Austin Weird.”
 
There are always lots of opportunities in the Austin housing market. We are always pleased to talk with you about selling or buying homes. We want you to buy or sell only when it is right for you. Call or email us if we may be of service Info@CarolDochenRealtors.com
 

This entry was posted on Wednesday, January 23rd, 2008 at 12:24 pm and is filed under Market update. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.