Austin Real Estate News

The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing just released sales data comparing September 2007 to September 2008.

This data shows a slowdown in the Austin housing market, with a decrease in homes sold of 8% and a 2.4% increase in active listings. Fewer homes are pending as compared to this same time last year (a 10% decrease), an indicator that sales data for October will likely be down as well.

The good news for those interested in purchasing a home is that it’s a buyer’s market – more homes from which to choose with fewer buyers. And for everyone, the good news is the Austin housing market is more stable than most parts of the country, and considering the economic uncertainty around the globe, that’s good news indeed.

The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing sales data for May 2007 as compared to May 2008.

From this data, you can see the average and median home prices in Austin have risen over 5% this May as compared to May 2007. As with last month’s year to year comparison, inventory was up and fewer homes have sold this May as compared to May 2007.

On a positive note, 8.73% more homes were sold in May 2008 as compared to last month, with the total number of sales in Austin the highest it has been since August 2007.

Learn more about what’s going on in the Austin Real Estate market and search for Austin Homes for Sale at AustinHomeListings.com.

The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing sales data for April 2007 as compared to April 2008.

From this data, you can see the average home price in Austin has dropped almost $8K this April as compared to last but the median home price has risen almost $3K. Inventory was up this April and fewer homes have sold as compared to April 2007.

April 2008 as compared to March 2008 saw an 8.13% increase in home sales, a 4.11% increase in active listings, a .65% increase in median home price, and a 2.07% increase in average sales price.

The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing sales data for March 2007 as compared to March 2008.

From this data, you can see the average home price in Austin has dropped slightly this March as compared to last, with inventory up and fewer homes sold. However, the median home price has risen. Considering the difficult housing market nationwide, these numbers are a good sign for the Austin housing market.