The numbers are in and sales in Austin condos are booming! Sales in March 2010 were up 135% over March 2009. Since these sales are only the ones reported in the Austin MLS, sales in reality were higher. Builder/developer sales are not typically reported to the MLS.
Sales overall in the Austin market were up 27% which represents a very large gain as well.
Some of the sales can be attributed to the expiration of the federal tax credit, which ends at the end of April 2010. Homes under contract by April 30 have until June 30th to close and still be eligible for the federal tax credit.
By Maxwell McDaniel // April 21, 2010
This post is in: Austin Real Estate Market Reports



