If things are so rough right now, why is it that my investors are still having trouble finding reasonably priced real estate in Austin? 2008 is moving more slowly than 2007 and 2006. 2006 was our boom year which trickled into 2007. We’re still ahead of where we were 5 years ago. Here’s what Austin’s real estate statistics are looking like now that the April statistics are out. All data is from the Texas A&M Real Estate Center which I find includes more data than the Austin Board of Realtors.
2003 – Strong Buyer’s Market
2004 – Buyer’s Market
2005 – Neutral to Seller’s Market
2006 – Strong Seller’s Market
2007 – Seller’s Market to Neutral
2008 – Began Neutral, headed into a Buyer’s Market
Any surprises?
About Aria Kilpatrick
