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August 2010

There are 2 blog entries for August 2010.

Austin Unemployment & Austin Real Estate Market Update July 2010

Wednesday, August 25th, 2010 at 10:12pm. 1,876 Views

The Austin unemployment rate (Austin-Round Rock-San Marcos) decreased slightly from 7.4% to 7.3% in July 2010 with 4,400 more people employed in Austin-Round Rock-San Marcos in July 2010 than the previous month due to an decrease in the Civilian Labor Force by 3,900 people and a decrease in those unemployed of 500.  In comparison, during the same time period the State of Texas unemployment rate remained stable at 8.5% from June 2010 to July 2010.  The United States unemployment rate increased slightly from 9.6% in June 2010 to 9.7% in July 2010. Austin-Round Rock-San Marcos unemployment rate continues to be much lower than the National Average.

 

Between January 1st and August 25th 2010 there were 5479 single-family homes sold within the Austin city

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Austin Texas Real Estate Market Update and Statistics July 2010

Monday, August 2nd, 2010 at 7:33pm. 1,673 Views

During July 2010 median sold prices per square foot for single-family homes increased 6% and median sold prices in total dollars increased 22% compared to July 2009.  On the other hand, the number of homes sold was down a whopping 34%, which seems to be the final aftermath of the tax credit lull.  There has been a surge in supply along with the decrease in the number of homes purchased and more people are taking their home offer the market without a sale.  For those homes that are selling, it is taking slightly less time than last year.  More homes are being leased at higher rates and in less time than last year as well.

 

To summarize, desirable homes that are priced competitively are selling at a relatively quick pace and for higher prices this year

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