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Austin Texas Realty Blog > Austin Real Estate Market Ready to ExplodeAustin Real Estate Market Ready to ExplodeContributed by ATR Admin on October 23, 2007 According to Business 2.0 and Economy.com, the real estate market in Austin is set to take off in the next few years. They conducted an in-depth study of more than 100 markets across the nation and Austin (along with Houston and Dallas) made the short list of the 10 best places to buy real estate right now. While other areas of the country are seeing the bottom literally falling out of their real estate market, Texas (and Austin particular) seems to be trudging along just fine. Here are the study's predictions for 2008 and 2009. Projected median sales prices for Austin Homes: - Q1 2008: $186,350 - Q4 2009: $195,060 - Growth rate: 4.7 percent While these gains might seem modest to those of us who remember the good old days (or to those who live in Westlake), it should be noted than any gain during this real estate slump (due in part to the sub-prime mortgage fallout) is something to be proud of. Comments:No comments have been submitted yet.
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