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Updated market dashboard


Some of you follow this information on my website. Others may just come to know about it today. Either way, I have updated www.AustinMarketDashboard.com with final data from March 2010.  We saw a significant jump in residential sales from February to March — 57%!  (Also up 32% compared to March 2009.)

Listing inventory also increased some, but typically for this time of year.

It’s surprising that we don’t see more strength in property values.  Average sale prices in March were down (1.2%) from February.  They are still up about 2% compared to March of last year, but with the exception of a very unusual price spike in December, average sale prices have been trending downward since May 2009. 

The good news is that the “odds of selling” rebounded nicely last month.  One month does not make a trend, but unless tax incentives have accelerated too much of what would have been Summer demand, we should see solid sales performance in the Austin/Central Texas real estate market in the next few months with modest increases in sales values.

Charts and detailed discussion are available at www.AustinMarketDashboard.com.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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