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Austin Unemployment and Austin Real Estate Market Update April 2009

published on July 1, 2009

Austin Real Estate vs Unemployment

The Austin unemployment rate (Austin-Round Rock) slightly decreased from 6.2% in March 2009 to 5.8% in April 2009 with 11,600 more people employed in Austin-Round Rock in April 2009 than the previous month. This is the third month in a row that Austin-Round Rock has decreased. In comparison, during the same time period the State of Texas unemployment rate decreased from 6.7% in March 2009 to 6.4% in April 2009.  The United States unemployment rate decreased from 9.0% in March 2009 to 8.6% in May 2009.  As you can see Austin-Round Rock continues to be significantly lower than the National Average.
 
Between January 1st and April 30th of 2009 there were 2,130 single-family homes sold within the Austin city limits with a median sold price of $114.96 per square foot ($224,000), which is a 3.6% reduction in the median sold price compared to 2008,  and averaging 73 days on the market.  During the same time period in 2008 there were 2,746 homes sold (29% more than 2009) with a median sold price of $119.28 per square foot ($229,900) and averaging 62 days on the market. 
 
Click here to conduct an Austin home search.  Contact Brian Talley at 512-554-9714 if you need help buying or selling an Austin home or if you have a need for Austin Texas office space.
 
Source: Raw real estate data provided by the Austin Board of REALTORS® and interpreted by Austin REALTOR® Brian Talley of Regent Property Group.  Unemployment data provided by the Texas Workforce Commission.  Although the above information is deemed reliable, it is not guaranteed to be reliable or accurate.  The information contained herein is subject to errors and/or omissions and are not in any way guaranteed as accurate or reliable by Brian Talley or by Regent Property Group LLC.

 

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