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.