Austin Home Sales Stats (10/08)

Posted on Wednesday, December 17th, 2008 at 3:40pm.

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

Home sales have declined about 25% from October 2007 to October 2008, but the median home price has gone up 7% since last year indicating that Austin homes are still a sound investment, even in the midst of economic uncertainty. With interest rates declining and 5% more homes on the market now than at this same time last year, it’s a good time to buy Austin real estate.

Leave a Comment