Real Estate Market Scenario In Austin, Texas

Real Estate Market Scenario In Austin, Texas

Austin is a growing town that offers both the convenience of high-rise downtown living and the ease of a suburban living. It is a great location for students and young professionals as it is the home to eminent universities like St. Edwards and the University of Texas. Many American families dream to own a home in Austin, Texas. Real estate market over here has thrived a lot due to this reason. Despite the recession and liquidity crunch of 2007, "Austin, Texas- Real Estate Market" has remained strong and steady. However, recently due to stringent credit standards by the lenders and end of federal homebuyer tax credits, the housing market has experienced a downfall. Compared to the previous year, the home sales in this area fell by 15%, according to a recent report. Though there is a downfall in the housing market, it is not the end. On the contrary, some factors have shown a positive trend. These are as follows- * Neighborhoods like Round Rock and Cedar Park have experienced strong positive trends in sale prices. * Many homes in Southwest and Northwest Austin are receiving multiple offers and are going into contract within a few days of being listed. Even during the recession, the Austin Texas real estate market held up quite well. Last year, the average listing price for a house in Austin was $442,563. According to the national Association of Realtors, the average sale price was about $130,000. Though there are no large jumps in home appreciation and there is a recent downfall, compared to the housing markets in other parts of the US, it can be said that the outlook for "Austin, Texas-Real Estate Market" is somewhat steady. So, it can be predicted that there will be a steady positive growth in price in some popular neighborhoods in Austin. The market will swing from the seller to that of buyers, due to the growing amount of inventory. You can log onto www.austindiscountrealty.com, to have a more clear idea and avail suggestion from their unparalleled community and real estate market expertise. This realtor firm will give you 24-hour access to homes for sale through the IDX link on their website. Once you interact with them and let them know about your preferences, they will even send you an additional list of homes that is not listed on the IDX link. You can blindly depend on their guidance in the home buying and selling process.

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