Statistics for June 2008 were just released and we’re seeing much of the same… a general slow down but still strong prices.

Sellers…
In short, you’re not going to get screwed if you want to sell your house this year but be aware that it will take some time.  If your home is average and you have a good, smart Realtor® marketing your home, expect up to 6 months.  If you’re over-priced or there is an issue with your home (including lack of staging), it’ll be more than that.  If you’re willing to price low for a quick sale to avoid paying several months of extra interest, it may still take a couple of months.

Buyers…
So what does this mean for buyers?  It means that deals are out there but not everywhere.  You’ll have to look hard and wait patiently to find that great deal.  Instead, just take advantage of the competitive pricing.  It won’t be a steal, but it will be a good deal.  Often, if there is a steal out there, a Realtor® is likely to snatch it up themselves or for an investor before you can blink an eye.  If you’re interested in investing, take your goals and plans to a Realtor®.  If you’re in need of a family home, make your home search about value.  You’ll make money in the long run because future buyers will see the value as well.

Don’t believe me?  That’s fine.  Take a look for yourself.  The latest Austin market statistics are always available at http://liveaustinrealestate.com/statistics.