Tuesday, April 21, 2009

Home sales falter in Austin area

From statesman, April 21, 2009...

Sales of existing homes in Central Texas fell 22 percent in March — a six-year low for that month, according to the Austin Board of Realtors. The median price dipped 4 percent, to $180,000, though it was off just 1 percent for the first three months of the year.

March marked the 22nd consecutive month of sales declines, as the Austin market continues to feel the effects of the recession, housing slowdown and slower local job growth. But the year-over-year percentage decline was smaller than in January and February.

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