A great indicator of our market strength is a reflection of the number of Short Sales available in the market, and one suburb where Short Sales have been prevalent is Round Rock. 

Properties available for Short Sale in the Round Rock, Texas real estate market are down slightly from six months ago.One in 13 homes for sale in Round Rock Texas were available via Short Sale in October of 2009.  Today only about 1 of every 15 homes for sale is a Short Sale in Round Rock.

This is a good sign for local home owners, since it means fewer homes will be selling at discounted prices in the immediate future. If fewer homes are selling at discounted prices, then we are one step closer to seeing Austin property values appreciate once again.

March of 2009 saw the same median price as March of 2010... that's right, no change in 1 year.  I would be happy to predict that will change in March of 2011 and Austin's median home prices will increase, except for one major factor... the federal tax credit.  After April 30, Austin real estate will have to perform without the incentives of tax credits to first time and move up home buyers. 

I'll say it anyway... by March 2011, we should be able to see this market improving, including but not limited to increasing median home prices.