Friday, April 18, 2008

Central Texas Home Sales Still Slow, But Prices Keep Rising

From Austin Business Journal April 18, 2008...

The Austin area's home sale tumble doesn't seem to be slowing down.

Sales of existing homes fell 21 percent to 1,832 in March, the ninth consecutive month to show a decline, according to figures from the Austin Board of Realtors. Meanwhile, pending sales are also down a record 54 percent to 1,349, an indication that sales are unlikely to pick up any time soon.

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