Austin Texas home sales have certainly nbeen affected by the economy, but it is easy to see that Austin’s real estate consumers are paying too much attention to national statistics instead of local ones.
If they looked closely at Austin’s specific economic statistics, they would be qute impressed and yes, far less concerned. Yes, Austin home sale are down, but home values in Austin have actually maintained current levels… you read it right… Austin home vales have NOT FALLEN.
The median price of a home in Austin, TX is the same as it was a year ago.
Job growth, employment, small business growth, and other economic factors have kept Austin housing stable. Yes, the number of sales are down, and the number of homes available for sale is up, BUT prices have remained stable. That speaks to the strength of Austin’s local economy!
