2012. New year for the real estate market?
- Downtown Austin
You wake up everyday to news of how the economy is slow and a declining job growth…but, will 2012 be the year that the housing market will turn around?
According to a Statesman article from this past November, the sales of existing homes in the Central Texas region rose about 11 percent in that month. According to data from the Board of Realtors, 1,358 homes were sold in November, compared with 1,225 in November 2010.
November already seems to be an improvement over November of 2010 since the average of days on the market was 83 days, seven days less than those sold in November 2010.
Compare November to this past December and it could be said that the market is turning around.
This past month, sales of existing homes were up 11 percent in December compared with the same month in 2010. According to data from the Board of Realtors gathered by the Statesman, homes spent an average of 89 days on the market in December, nine days fewer than the prior December.
It may be to early to assume that the real estate market is improving but the data for home sales for the Central Texas area shows that in this area it is improving.
With Austin’s apartment market among the healthiest in the nation, it is no surprise that housing market has also improved compared to 2010. Thanks to the Austin’s job and population growth and limited number of apartment units under construction, the apartment market has been in great demand.
For help in finding the perfect new home, contact Habitat Hunters Real Estate Services at (512) 482-8651 or visit us at www.habitathunters.com. We will take care of all your residential and commercial needs.
Add comment January 29th, 2012