Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Real Estate - Homes for Sale - Austin TX - Sales Increase 6.4%

Real Estate - Homes for Sale - Austin TX - Sales Increase 6.4%

Real Estate - Homes for Sale in Austin TX and Central Texas rose 6.4% in September!!  That's huge!!  That's the first substantial increase, year-over-year, in more than two years!!

Homes for sale Austin TX sales increaseWhat else did the Austin Board of REALTORS® report?? The median sales price in the area was also up, by 2% to $185,250.

In August, homes for sale were strong with 1748 closed transactions. However, in September, which is traditionally a slower month since school just started back in session, closed transactions were at 1780 strong. To compare, there were only 1673 sales in September 2008.

There are many reasons why we're having an increase in sales, and it's not just the $8000 tax credit for first time home buyers. Have you looked at rates lately? They're well below 5% still. I'm not a big fan of the tax credit because, as a country, we're already broke and shouldn't be handing out money like that.  However, I'm a huge fan of the low interest rates!

Because of the rates, people are still able to sell their starter homes and move up to larger homes, and potentially keep their same mortgage payments.  How great is that!  They could have an 1800 sqft home with an interest rate of 5.75% and turn around to buy a 2500 sqft home with an interest rate of 4.875% and equal out the price to payments.

Even if your family isn't getting larger, your kids are getting bigger and need more room.  This is the perfect time to make that change!

If you have any questions or concerns about homes for sale in Austin TX, whether you're a buyer or a seller, please call or email me today!

**Are You Packed Yet?** 

donna harris Realtor Austin TX blog

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com

Austin TX Real Estate
and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar
Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in
between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way. 

For real time Homes for Sale in Austin TX, click here.

** #1 Agent in my Office for all of 2008 **

Copyright© 2009 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Real Estate - Homes for Sale - Austin TX - Sales Increase 6.4% * was first published on donnahomesblog.com

Comment balloon 9 commentsDonna Harris • October 23 2009 01:42PM

Comments

It's funny, but every time my Austin and San Antonio friends post numbers, they look much like ours here in the Raleigh area.

I guess if folks aren't moving here, they're moving to your area instead!

And when they tell me they are, I'm sending them to you!

Well done Donna!

 

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) about 10 years ago

Craig, That is strange that our markets are so similar.  And I would definitely take care of your referrals.  You should read what makes me laugh right here!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 10 years ago

Donna - A 6.4% increase is HUGE!  Hopefully it keeps going up.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) about 10 years ago

Michelle, I sure hope so, so we can get some sellers off the fence... however, they just lost their buying power.  They'll get more for their house, but pay more for another house.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 10 years ago

Donna,

Great news.  Like are improving up here also.  Hope it continues.

Posted by Richard Weeks, REALTOR®, Broker about 10 years ago

Donna,

Great news.  Like are improving up here also.  Hope it continues.

Posted by Richard Weeks, REALTOR®, Broker about 10 years ago

Richard, I sure hope it continues!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 10 years ago

Great posting Donna, I like how you motivate sellers by comparing what the current low interest rates mean in terms of how much house you can buy for your money now.

Posted by Mike Sparks, Galveston Island Real Estate (The House Company Galveston Texas) about 10 years ago

Mike, Thanks!  I hope it helps get sellers off the fence, as it's not just buyers sitting there.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 10 years ago

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