Home sales surged high in October 2009 versus last October 2008. While homes listed were up in 2008, they didn’t sell as well compared to 2009 sales according to the Multiple Listing Service report by the Austin Board of REALTORS®. Austin real estate experts attribute the success of Austin’s housing market to the tax credit extension.
The following is part of an interview with the Board of Austin Realtors chairman, Jay Gohil:
“Sales volume like this is similar to what we saw in 2005, which is an encouraging sign. It’s possible some of this surge in volume was related to the original deadline for the first-time homebuyer tax credit, so it’s good for our market that the tax credit was both extended until April and expanded to include more current and prospective homeowners.”
To learn more about the Austin’s growing real estate market, read the original article here.
- Austin Home Sales Surged High In October 2009
- Multiple Listing Service report