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Winter 2012 Market Update
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
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $500,000 - $549,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Austin Northeast is | Increasing |
| Seller Activity for the past 90 days in Austin Northeast is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Well priced homes in good condition frequently get multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Inventory Comments | Austin NE area's 'Hotness ratio' (Pendings/Actives) is #4 in the Austin Metro area |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Great prices with good selection and competitive interest rates creates a perfect time to buy in Austin Northeast! |
| Nearest Metro Area | Austin |
| Housing Hot Spots | Most suburbs of the Austin Metro area are considered 'Housing Hotspots' |
| Average Sold Price | $150,000 - View Graph Trend |
Austin Northeast Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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