Below is news from the Real Estate Center Online News describing home sales for November throughout Texas was down 24%, prices were up. Expect a change in December numbers. I expect our sales numbers, especially for the Austin market will be about even. From July through November in 2010 Austin sales were at 10 year lows after the build up to the May deadline for the $8,000 home owner tax credit incentive. Although our numbers per month were low, on an annual basis we were ahead of 2009 by 10% when I checked in August. December will likely breakeven with last year December. Then, with a bit of optimism in the employment news, I expect January through March to be pretty good compared to non-tax credit years. We should have some pent up demand, and I have been seeing more substantial job positions posted by local employers.
RECON Real Estate Center Online News (http://recenter.tamu.edu/recon/)
December 21, 2010 Texas’ November Home Sales Down, Prices Up COLLEGE STATION (Real Estate Center) – More than 13,700 existing homes were sold in Texas last month, according to newly released data from Texas Multiple Listing Services (MLS). That’s a 24 percent drop from November 2009.
Austin 1,345 down 22% $181,300 up 3% 6
Dallas 2,736 down 27% $156,100 up 3% 6.9
Houston 3,905 down 23% $151,000 No change
San Antonio 1,249 down 22% $152,900 up 8% 8
Texas 13,745 down 24% $146,700 up 3% 7