Austin Real Estate News

The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing just released sales data comparing September 2007 to September 2008.

This data shows a slowdown in the Austin housing market, with a decrease in homes sold of 8% and a 2.4% increase in active listings. Fewer homes are pending as compared to this same time last year (a 10% decrease), an indicator that sales data for October will likely be down as well.

The good news for those interested in purchasing a home is that it’s a buyer’s market – more homes from which to choose with fewer buyers. And for everyone, the good news is the Austin housing market is more stable than most parts of the country, and considering the economic uncertainty around the globe, that’s good news indeed.

At AustinHomeListings.com we are always adding neighborhoods to our Neighborhood Quick Search (top right of every page of the site) and to our neighborhood profiles. We just add West Cypress Hills, a community west of Austin near the new Hill Country Galleria. The West Cypress Hills neighborhood is a relativiely new subdivision where both resale and new homes are available for purchase. While the community is on the edge of town, if hill country living with great neighborhood amenities are what you are after, you will want to check out West Cypress Hills. To learn more, read our West Cypress Hills Austin Neighborhood Profile. 

Be sure to check out our other Austin neighborhoods  or start your home search now by using our Austin home search tools today!