Austin Northeast Real Estate Market Conditions & Reports, Austin Northeast Market Trends, Texas

Market Commentary Provided by Top Agent
If you can qualify, now is an exceptional time to buy a home in Austin Northeast. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Robert @ 512-853-0110 or Gari @ 512-633-2218

Report Date

Fall 2009

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Nearest Metro Area

Austin

Buyers’ or Sellers’ Market

Equal buyers and sellers

Average Time on Market

30-60 days

Market Trend

No Change

Housing Inventory

Limited Supply

Inventory Comments

Austin NE area's 'Hotness ratio' (Pendings/Actives) is #4 in the Austin Metro area

Average Home Price

$150,000 - View Graph Trend

Best Selling Price Range

$150,000 - $199,000

Worst Selling Price Range

$500,000 - $549,000

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Multiple Offers Commentary

Well priced homes in good condition frequently get multiple offers.

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Austin Northeast is

Increasing

Seller Activity for the past 90 days in Austin Northeast is

Decreasing

Is Financing Available For Qualified Buyers in Austin Northeast?

Yes

Existing Home Prices for the past 90 days are

Increasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Most suburbs of the Austin Metro area are considered 'Housing Hotspots'

Reason to Buy/Sell

Great prices with good selection and competitive interest rates creates a perfect time to buy in Austin Northeast!

Average Sold Price

$150,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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