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AUSTIN HOME SALES CLIMB
AUSTIN (Austin
American-Statesman) – Area home sales reached their
highest peak since September, signifying a stabilizing market to many
agents.
The Austin Board of Realtors reports that
1,601 single-family homes were sold last month for a median price of
$189,000. The 18 percent sales decline from April 2008 is the smallest
percentage decline this year and only half as big as the January gap.
Currently, the market is extremely
competitive for houses under $250,000, according to Jay Carter, an agent
with
LivingInAustin.com,
with the best of these attracting multiple bids after just a day or so on
the market.
However, it seems to be a buyer’s market
for homes priced $350,000 and higher, with these homes sitting on the
market longer and asking prices dropping significantly and frequently.
Courtesy of
RECON
Real
Estate Center Online News
May 22,
2009
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