Austin Real Estate Unemployment Low, Austin Home Prices Increase, Number of Austin Homes Sold Down

According to the Texas Workforce Commission, the Austin Texas unemployment rate decreased from 3.7% in March 2008 to 3.3% in April 2008.  May 2008 results have not been released yet.  This represents a decrease of 3,000 unemployed people in Austin between March and April.   When comparing April of 2007 to April of 2008, there were 1,100 less people employed in Austin in 2008. 

While the number of homes sold in Austin in May 2008 are the lowest in the last 8 years, unemployment remains extremely low and home values have continued to rise slightly.  So if you are considering selling your home, now is still a good time.