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.