photo of Thomas Edison

Thomas Edison says:

"Most people miss
opportunity because
when it knocks it
comes to the door
dressed in overalls
and looks like work."

Will you answer the door?

Austin real estate
opportunity knocks

Austin Multiple Listing Service statistics show that sales are up and prices are up.

CITY	MEDIAN PRICE 1997	MEDIAN PRICE 1998	% CHANGE	MEDIAN PRICE 1999	% CHANGE
USA	$121,800	$128,400	5.4 %	$132,950	3.5 %
AUSTIN	$112,200	$120,000	7.0 %	$129,000	7.5 %
Dallas	$112,000	$120,400	7.5 %	N/A	7.9 %
Orange County Ca.	$229,800	$259,300	12.8 %	$279,800	7.9 %
Atlanta	$108,400	$114,400	5.5 %	N/A
Boston	$196,200	$210,800	7.4 %	$235,400	11.7 %
Chicago	$158,900	$166,400	4.7 %	$172,000	3.4 %
Denver	$140,600	$152,200	8.3 %	$168,300	10.6 %
Houston	$90,900	$97,500	7.3 %	$104,900	7.6 %
Las Vegas	$123,200	$127,200	3.2 %	$130,300	2.4 %
Los Angeles Area	$176,500	$192,600	9.1 %	$198,900	3.3 %
Minn/St. Paul	$118,400	$126,600	6.9 %	$137,600	8.7 %
Nashville	$115,200	$116,700	1.3 %	$116,500	- 0.2 %
Portland	$152,400	$158,300	3.9 %	$165,100	4.3 %
Raleigh/Durham	$152,800	$158,800	3.9 %	$163,700	3.1 %
San Diego	$185,200	$205,900	11.2 %	$228,800	11.1 %
S.F.Bay Area	$292,600	$317,500	8.5 %	$355,500	12.0 %

Average Price	AVG. PRICE 1997	AVG. PRICE 1998	% CHANGE	AVG. PRICE 1999	% CHANGE
USA	$150,500	$159,100	5.7 %	$167,600	5.3 %
AUSTIN	$141,000	$154,400	9.5 %	$168,750	9.3%

	Residential MLS Resale Units Sold 1997	Residential MLS Resale Units Sold 1998	% Change	Residential MLS Resale Units Sold 1999	% Change
AUSTIN	12,439	15,583	25 %	17,700	13.6 %

		Days on the market 1998		Days on the market 1999
		56		46	- 18 %

*MLS statistics include residential single family homes, condos and townhomes in Travis, Williamson and Hays counties.