155 houses, active listings are there on the market now. For this time of the year, the number is higher than normal. While I am sure a lot of these is regular business as usual, I think some of them account for the mortgage slowdown, and buyers in difficulty getting qualified, tighter loan schemes and hence more time on the market, as well as some of it just offloading on negative hype.
Quick one line view of houses on sale
Brief Description of all houses on sale
The recent ABJ article has some more data about the overall Austin housing sale statistics:
Austin area residential sales still aren’t showing signs of improvement.
Just fewer than 2,000 homes were sold in August, according to the latest Multiple Listing Service figures released by the Austin Board of Realtors. That’s a 20 percent drop in sales compared with August 2007.
2 responses so far ↓
1 JA // Sep 24, 2008 at 8:01 pm
Great links…now if I could convince my husband to not be so scared to sell, I’d be set!
2 Hema // Sep 30, 2008 at 8:22 am
Hi JA, I know in today’s market, you can’t blame him for being doubly cautious either. Especially since the stock market dropped yesterday to an all time low since the Great Depression, getting money from banks is going to be quite a challenge. Of course, if you have a compelling reason to sell, you still can. There are always buyers out there, but remember its a buyer’s market now.
Leave a Comment