Sales of Austin homes are a bit flat compared to last year.  Last year was a hot year in terms of home sales.  Austin had more homes sold than any year prior to 2006.  The rate of appreciation was quite good in most areas.  The number of homes listed dropped throughout the year and the average days on market for homes sold in Austin was down.

So far in 2007, sales are about the same pace as last year.  Days on market for homes sold dropped slightly and the median price is up.  So does this mean that the Austin real estate market is cooling?  Are we feeling the slow-down that many area in the U.S. have been feeling?  I doubt it, but this spring and summer will tell us much more.  Personally, I am seeing a huge number of leads come through my website.

One thing that does concern me is the sub prime lending market imploding.  That is bound to affect Austin as well as many other areas, but that is for another post...