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Market News and Trends, Uncategorized

A quick comparison


The Austin Board Of Realtors® reported yesterday that “Sales of single-family homes in the Austin area were 14 percent higher in January 2011 than January 2010.” (See Austin Business Journal article.)

Since that data differs from my Austin Market Dashboard update yesterday, I just want to point out that the primary difference is between sales of Single Family Homes (ABoR) and All Residential Properties (my Dashboard).  There is also some difference between MLS data from ABoR and the consolidation of data reported by the Real Estate Center at Texas A&M University, where I get the data for my Dashboard.

That said, it is true that January 2011 was the second consecutive month that showed year-over-year growth:

Year-Over-Year Unit Sales Changes

Not only was this the second month of improvement over the previous year, but December 2010 and January 2011 represent the first annual improvements since May 2007 that were NOT driven by artificially stimulated demand — i.e., homebuyer tax credits.

This is absolutely reason to be encouraged.  As I said yesterday, though, this remains an extremely unpredictable time, and despite the many strengths of the Austin-area economy, there are national and international forces at work that we cannot influence on any meaningful scale.  What we have done, and should continue to do, is to allow the business climate and entrepreneurial spirit in Austin to welcome newcomers and to help them create and find employment and make Central Texas home.

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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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