New data that is just coming out shows that the Buda & Kyle areas showed a 7% increase in the average price of homes that sold in the first quarter of 2008 compared to the first quarter of 2007.
Sales price in Q1 of 2007 averaged $165,500 and increased to $177,029 in Q1 of 2008. Number of solds in Q1 2007 was 235 compared to 215 in 2008. The average days on the market decreased from 72 in 2007 to 65 in 2008.
The housing market is still moving along fairly well down here in southern areas of Austin and Northern Hays County!
Andy
www.andycookhomes.com