Saturday, March 27, 2010

Austin Feb Home Prices Down 3% over Feb 2009

 Sure sounds different than what the realtors say doesn't it?

- Mr. Bubble

  Sales Change from
Last Year

Median
Price
Change from
Last Year
Months'
Inventory
Austin 1,276 up 7% $182,000 down 3% 6.2
Dallas 2,707 down 9% $149,200 up 1%  6.1
Fort Bend 510 down 7% $188,700 up 8%  4.8
Fort Worth 538 up 5% $106,000 down 3% 6.5
Houston 3,615 down 4% $146,600 up 6% 6.6
Longview-Marshall 116 down 12% $120,000 up 1% 8.9
Odessa 67 up 26% $123,100 down 5% 5.8
San Antonio 1,239 up 7%  $140,700 down 1% 7.8
Temple-Belton 94 down 10%  $110,800 down 11% 6.7
Victoria 61 up 33% $109,200 down 23%  6.6
Texas 13,064 down 2% $141,100 up 2% 6.9

4 comments:

  1. I'm sure you've noticed this, but check out the Zillow estimates for Westlake... They have taken a huge nosedive. Any reason for the recent drop?

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  2. I think they dropped a long time ago. Wealthy people have the luxury of not selling if they don't want to, and many didn't when prices dropped 25% as a result of the great recession. However, eventually somebody has to sell at market prices and that resets everyone's value. Zillow objectively measures that.

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  3. I think something happened to their database in the last 30 days. Many homes are showing pretty substantial drops of 30-50%. I can't believe this is real, but who knows.

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  4. Wow, what's going on in Fort Bend and Houston... prices up from last year 8% and 6% respectively...

    ReplyDelete