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Market News and Trends

December home price spike!

An article appeared in the Austin Business Journal earlier this week indicating that Austin-area home values remained soft late last year (Austin home prices still falling).  That was true through November, but there was a significant recovery in average and median prices in December!

More details are available at, but explaining this almost 10% month-to-month price increase is more difficult.  A similar change has happened only once in the past twenty years, in December 2001, as the U.S. economy was recovering from the obvious market disruptions that followed the WTC attacks on 9/11.  The market was disrupted again in 2009, with short-term effects resulting mostly from tax incentives for first-time home buyers.

I don’t know who originally said, “May you live in interesting times,” but we certainly have that honor now, don’t we?

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.


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