According to a report from Business Week magazine which was released today, Austin real estate has not suffered the same ill effects that have plagued many markets around the U.S. The zip code 78749 placed SECOND (behind Sunnyvale, CA) for the lowest number of days on the market, at 68 days.
The article contains the following statement:
Austin has the University of Texas, plenty of high-tech jobs, and one of the most vibrant rock music scenes in the world. The real estate market is one of the nation’s real estate bright spots.
As a 20-year resident of Austin and a 12-year veteran of real estate here, I couldn’t agree more.
The overall market in Austin is also brisk, with an average time on the market hovering around 80-85 days, just slightly up from last year. There are zips within the Plano and Houston markets that placed on the list as well.
Here is Austin’s snapshot page within the article:
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