I don't have any stats to throw out today...just my thoughts and perspective on what we are seeing in the local real estate market.  To start, I will continue to tell you how fortunate we are to live in Central Texas where our economy and real estate markets are holding steady at least.  We are still seeing very inconsistent activity in the market...meaning that we will go through a period of time where the activity seems to be picking up and looks promising where properties go under contract, our leads are up, agents are out showing, etc.  Then for some reason it just STOPS...very little activity, phone quits ringing, sellers wonder why their properties are not being shown, etc.  No rhyme or reason as to why, and we have seen it act this way for 9 months or more now...

BUT, our prices are holding steady or dropping just slightly.  There are specific areas in the market that might experience more of a decline in value, but overall, prices are flat.  Buyers are still available, but financing is tough.  Sellers have to be priced aggresively, and their properties have to be in top notch condition...we tell them they are in a pricing war and beauty contest all at the same time.  Buyers don't quite understand the local market, so we see low offers made with no reasoning behind it...but if the seller is priced well and has the data to back it up, most of the time we can make the deals work.

Overall, we are surviving in these very uncertain economic times.  Sellers need to understand that if they need to sell or will do what it takes to sell, we can make that happen.  But it is not a great time to "test" the market.  Buyers need to understand that real estate is local, so all the things they hear from the national media probably doesn't apply here.  But they can still make good buys. 

We are here to help!  If you or anyone you know is looking to buy or sell in the Liberty Hill, Georgetown, Leander, or Bertram areas, email me at shanetwhite@remax.net