Cruising thur the Austin Board of REALTORS website today, I came across some intersting statistics. For the Austin area in May (Liberty Hill, Williamson Co, etc are all part of this board), the median price of home homes has increased 7% over May 2007. And although less homes sold in May '08 then May '07, the prices are increasing, and there are more homes on the market.
Also, I received an e-mail from the Williamson County Association of REALTORS with the following information:
"Median home price: +6.4% Unemployment: 3.6% (from 3.8%) Key growth: Natural resources and construction, +5.1%; leisure and hospitality, +5.3% One of the hippest cities in the country has one of the lowest unemployment rates. The Austin region is home to Dell, and many tech companies from Apple to Sun Microsystems also maintain a significant presence. One difference between "Silicon Hills," as some call Austin's tech sector, and Silicon Valley? In Austin, the median home price is still under $200,000. -Forbes "
Just thought you might like to see the story the numbers are telling. This is a great time to buy real estate. If you have ever considered purchasing a 2nd home or possibly an investment property, now is the time to do it! Let me hear from you!
