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!!
What 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?**
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.
** #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