Austin residential market update

Market activity is picking up – with interest rates still below 5%, with teh $8,000 first time home buyer tax credit, and with the decline in the number of homes available – our local market appears to be in balance. That’s a very good thing – that means buyers can buy and sellers can sell without the anxiety and pressure that comes with a one-sided market. Area-wide, homes are selling within a six month time frame. In actuality, homes priced belwo $200,000 are beginning to see multiple offers again. See today’s Statesman article about the Austin home market, or call me for specific information on your home.