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February 2010

There are 1 blog entries for February 2010.

Austin Texas Real Estate Market Update and Statistics January 2010

Tuesday, February 2nd, 2010 at 5:05pm. 1,841 Views

The Austin real estate market showed signs of improvement during January 2010 compared to the same time last year with increased median sold prices of around 3% and a 7.7% decrease in the time it is taking to sell a home. Although the actual number of homes sold was down 9.7%, the supply of homes available for sale was also down 10% and the number of people taking their home off the market was down 31%. Furthermore, the unemployment rate is holding steady in Austin at 6.9% between October thru December 2009, which also supports continued market stability. 

 

In short, home values are improving and supply is increasing.  With the $8,000 first-time home buyer tax credit and the additional $6,500 home owner tax credit effective through the end of…

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