In the year between the summer of 2008 and the summer of 2009, a typical month saw 8 downtown condo sales captured in the Austin MLS.
In four of those months, only 4 units sold. In the best month, 13 units sold.
market peakExclusive: Strong October & September Downtown Condo SalesAustinTowers Downtown Condo Blog Mon, 11/02/2009 - 10:05pm
Austin Foreclosures and Loan DelinquenciesAustinTowers Downtown Condo Blog Thu, 04/10/2008 - 9:56pm
These days, the national mortgage crisis is big news. As home prices drop, delinquencies rise, and foreclosures continue to grow, the national picture remains bleak. |
