Market Conditions - July 26, 2007
Austin, Texas, continues to grow at a fast pace, as a drop in inventory causes buyer competition. Local experts report that demand is up, as well as average prices. The appreciation rate is around 10 percent, with an average sales price of $235,780. Looking to make a move towards "eco-friendly"? A new commuter rail system is set to run in 2008. And "unlike other markets in the nation where prices and sales are cooling, Central Texas has experienced healthy job growth, a steady stream of newcomers and relatively affordable prices. For the 12 months that ended in November, 24,800 jobs were created in the Austin area, according to the Texas Workforce Commission." |
