LOL Prices are not up. Are you kidding. The averages may be up but that's because more expensive homes have started cutting prices and are pulling the averages up. The reason homes aren't selling is that sellers, on the advice of their agents, are pricing above the market. Come on, 3 months to sell? You got the wrong price on it folks. It'll sell in 2 weeks if you price it right.
- Mr. Bubble
By Shonda Novak AMERICAN-STATESMAN STAFF
But experts say market expected to improve starting next year.
Published: 9:39 p.m. Thursday, Nov. 18, 2010
Central Texas is on track for the fourth annual decline in existing home sales, although real estate experts are looking for gradual improvement in 2011.
The Austin Board of Realtors reported Thursday that the 1,221 existing home sales in October were down 31 percent from a year earlier, the fifth month in a row that sales have been below the year-earlier figure.