Far South Austin Update

Austin MLS Area 10S is the area between Mopac to the West and I35 to the East. To the North is William Cannon and Slaughter Lane is to the South. Let’s take a look at sales in the area in the last five years.

On the left we see that the rise in average sold prices has slowed down in 2008. The area is still outperforming Greater Austin.

The chart on the right shows the decline in home sales in far South Austin in the last two years.

In 2008 a similar number to 2007 homes that were marketed did not sell. The proportion of listings expiring or withdrawn was higher due to the smaller number of sales.

Statistically, it was harder to sell a home in 2008 than it was in 2006 or 2007.

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