The Austin real estate market continues to defy national trends. While most real estate markets across the country are seeing a decline in property values and the number of sales being made, the Austin real estate market is continuing to surge forward.

Single-family homes, for the second month in a row, posted positive gains. During the month of May, single-family home sales in the Austin real estate market rose 2,679, marking a two percent increase from April’s figures. The findings were released in the most current edition of the Multiple Listing Service Report, which is issued by the Austin Board of Realtors.

The report also highlighted a number of other positive trends in the Austin real estate market: single-family homes sit on the market an average of 55 days, seven percent less time than the previous year; the number of single-family active listings increased eight percent over the past year; and the median price for a single-famliy home increased five percent from the previous year, up to $183, 160. These signs bode well both for the Austin real estate market and for the city’s economy.

Austin green home builder announced the new development Fiore at Nine Sixty Nine, a 220 acre eco-friendly, state-of-the-art community in east Austin near Agave and The Villas. Fiore will be the first 5-Star rated green community in the nation and feature single family homes with a unique hill-country style and downtown Austin views. Fiore will feature the latest trend in green home building including 5 star energy rating, solar orientation, natural lighting, and low environmental impact building materials.

See current homes for sale in Agave Austin or contact Mike Malinowski for more information.

A new study released May 16 indicates that tech jobs in semiconductor and software will continue to grow. The study, prepared by the Simon Management Group, indicates that Austin tech sector has recovered from the recent downturn. Engineer and programmer hiring is projected to increase by as much as 20% as Austin tech companies increase spending research and development. Combine this with Austin’s reputation as a hotbed for venture capital startups and the university reaincubator effect, the future employment picture is bright.

New jobs indicate that the Austin real estate market will remain strong.

It’s home buying season in Austin. Are you ready? As Austin schools let out for the summer, many people are looking to sell their homes and realize the tremendous appreciation in the Austin real estate market over the last five years and begin the search for their special new piece of Austin real estate. Selling your home will require research and planning.

The US Commerce Department reported on May 16 that construction of new homes in the US were up 2.5% in April but building permits fell by 8.9%, the largest amount in 17 years, signaling that the real estate market is still slumping. However, the Austin real estate market remains strong in the more desirable neighborhoods.

The Austin real estate market median home price was $172,000 in 2006 which is higher than the Texas median of $143,000 and lower than the national median of $221,900. Austin has experienced a significant increase in the distribution of home sold in the $200,000+ range and a decrease in the home sold in range less the $120,000. The number of Austin homes sold in February and March 2007 is basic flat from 2006. Overall the Austin home market has seen an price increase of about 7% from 2006.