Bill Morris Realtor

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Real Estate Agent - RE/MAX Capital City
RECENT BLOG POSTS
Following up on a recent post (Austin sales performance by price range, 05/07/11), I am writing to summarize a 30-day snapshot of home sales in different parts of the Austin metropolitan market.  Our MLS system is built around a series of geographic "Areas" by which the listing database is organi...
05/09/2011
In March 2011, the average residential sale price in the Austin metropolitan area was $245,100.  That was 1.3% higher than the previous month, and 5.5% higher than March 2010.  As I have noted in previous posts, the increase in average sale price in recent months has been influenced by a larger p...
05/06/2011
Just a quick follow-up on a couple of recent posts -- notably, Round-up of Good News About Austin, 04/19/11, and Austin #1 for jobs, 05/03/11 -- I was happy to see this new article in the Austin Business Journal today: Texas ranked third most competitive for business The article notes Samsung's e...
05/04/2011
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A couple of weeks ago I posted a great summary from the Austin Business Journal of many reports and rankings from the previous year, touting the many strengths of the Austin metro area: Austin News -- A Great Round-up Lifestyle, culture, economy, climate and environment -- Austin has been widely ...
05/02/2011
There was a good post from Lawrence Yun, Chief Economist for the National Association of REALTORS® today that prompts me to comment: Rising Days on Market The last sentence in Mr. Yun's article was the most accurate and the most important: "DOM for an individual property is very important and re-...
05/02/2011
In my last post (see Updated Austin Market Dashboard, 04/29/11) I focused largely on volatility in unit sales, but emphasized that the Austin/Central Texas real estate market has largely maintained a healthy balance between supply (i.e., listing inventory) and demand (i.e., home sales), which all...
05/02/2011
Residential market activity in the Austin metropolitan area is up.  As of April 28, 2011, here is a high-level look at our residential market: 8,745 Active listings for single family homes 1,473 homes Sold in the past 30 days At that pace, existing inventory will last about 6.8 months, compared w...
04/28/2011
I have spent a lot of time touting the strengths of the Austin area over the past couple of years, and trying to educate my clients and blog readers about important distinctions between the Austin/Central Texas real estate market and the dismal news we keep reading about our nationwide circumstan...
04/19/2011
The real world -- not always what we wish or see on TV. I am asked frequently about how much certain home improvements will increase the market value of a home, or for advice on which improvements are best. My answer: Make changes that you will enjoy, and plan to stay for a while to enjoy them. P...
04/18/2011
"Housing still can't find a date for economic recovery dance" was the way McClatchy Newspapers headlined a feature article this week about our national situation.  The same article was prominent in today's Austin American-Statesman Business section, but it did not make it to the online version of...
04/13/2011
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BillMorris

ABR, CRS, CDPE, ePRO, MBA
local_phone(512) 785-3345
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