Austin Area Market Statistics
The February MLS statistics from the Austin Board of Realtors showed some surprises. That’s 2008 in blue above with prices still on the rise over 2007 prices despite this year’s media-watching, weary consumer. The median sales price of single-family homes grew 2% over February 2007 even though the number of sales was down 10%. This is proof of the economic growth we keep seeing in Austin even with the national news watering down the performance of our local market.
Remember, real estate is local! Austin has bucked so-called national trends time and again, along with many other cities. March statistics are due out soon and will be posted to the blog as soon as they are available.
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