This just in! Austin Real Estate Market Update

By DeeinAustin™

So here's some great news. The national real estate community is still highly interested in Texas!

Need proof? REALTOR.com featured more of our posts yesterday. We were previously featured for an article on the Mueller Austin new urbanist community. Yesterday's feature was for our updates on Houston and Forth Worth markets.

Now that the mortgage market is making a comeback, investors and buyers are flying in to get some great December deals.

AUSTIN REAL ESTATE MARKET STATISTICS-OCTOBER SUMMARY

Below is a chart from the Austin Board of REALTORS® showing October 2007 MLS Statistics compared to October 2006. You can click it to view a larger picture.

October 2007-Single Family Homes

• 1,772 was the number of homes sold, a 15 percent decrease from one year ago
• 21,870 was the number of year-to-date home sales, down 6 percent from last October
• $180,000 was the median price, a 3 percent increase from one year ago
• Average days on market was 69 days in October, up three percent from one year ago

Just so you know, 2005 and 2006 were pretty hot real estate markets for Texas. Homes were selling more quickly, but even now, we're still seeing appreciation in Austin. I'm definitely looking forward to Spring and Summer 2008.

RELATED NEWS:

Read the previous Austin Real Estate Market Update.

Get the scoop on the most recent Texas Mortgage Market Update.

See what's in the works for Downtown Austin.

Also see my feature on Talk.Realtor.com for November 27th. The previous feature was on November 6th. Here are all three REALTOR.com featured posts:

1. Mueller Austin new urbanist community
2. Forth Worth Real Estate Boom
3. Houston home builders moving away from starter homes