Austin Real Estate Market Poll

In my ‘hood I’m seeing houses sit on the market for 6 months, some for many more, without any cut in price yet. Many sellers haven’t yet realized the bubble is over.

I am thinking another 6 months of flat to down, then we go to flat to flat to flat to possibly flat to up flat. Does that make sence?

Eric, great idea. FWIW, the poll worked for me in this entry but not on the side bar.

So far it has seem to flatten out, but I think the values of homes will remain flat for some time. at least until the lenders start to offer money again.

Well, it is almost the middle of the year and I can see pockets of decrease in inventory and improved sales figures.