Austin Real Estate Stats and Thoughts About Rising Mortgage Rates
From Alamo Title Co.:
The US Real Estate Market:
Last chance to refinance below 5%
If you want to refinance your mortgage into a loan with a sub-5% interest rate, better hurry. Your window of opportunity is closing fast.
To read to full article visit the following link:
Money.CNN.com
The Austin Market:
The number of active listings are down 0.46% from last year during the same week.
Pendings are down this week by 5.13%.
Sold residential units are up 11.11% compared to the same week last year.
How are we doing on sales prices?
The Week in Review
Units for Sale:
Jan. 3 - Jan. 9, 2010
(compared to the same week in 2009)
New listings down this week 0.46%
Pendings are down this week 5.13%
Solds are up 11.11%
As for Average Prices:
Jan. 3 - Jan. 9, 2010
Sold average sales prices increased 8.82% to $263,437. In 2009 it was $242,093 for the same week.
The Month In Review:
Preliminary December 2009 Data:
Units for Sale: (compared to December 2008)
New listings are down 6.36%.
Pendings are down 3.23%.
Solds increased by 2.45%
As for Average Prices:
The "New Listings" average list price is down 7.30% to $278,378. In December 2008 the average list price was $300,316.
Sold average sales prices increased 8.37% to $258,861. For December 2008 it was $238,867.
Did You Know...?
That we had 10,154 active listings during the same week in 2009? Today there is 9,398 active listings! That is 7.45% decrease from last year.