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.