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Market News and Trends

Updated Market Dashboard — “unpredictable”


This is just a quick note that my Austin Market Dashboard has now been updated to include final data through January 2011.

The theme this month is that the Austin/Central Texas real estate market remains unpredictable — although virtually all economic indicators and forecasts call for improvement in our local economy generally, and our real estate market specifically.  We are not likely, however, to just “turn the corner” and find ourselves on a steady path to recovery.  In most cases, I expect to see year-over-year trends to be visibly upward, even as month-to-month market performance remains spotty.

One chart from the Dashboard shows this random-looking performance pretty clearly:

January 2011 marked the fourth time in 39 months that the “odds of selling” has reached 11% or lower.  In all previous downturns over the past 20 years, one or two dips to the 10% range signaled the beginning of our next growth cycle.

There’s much more information and discussion at www.AustinMarketDashboard.com.  Feel free to visit and let me know if you have any questions or comments.

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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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