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Austin Texas Real Estate Market Update and Statistics December 2009

January 9, 2010

Austin real estate finished off on a solid footing during December 2009 with a 10% decrease in the number of homes sold but a 3% increase in sold prices per square foot and a continued decrease in supply.  While I don’t anticipate a boom in real estate during 2010, I do expect a better year than 2009Read More

Austin Texas Real Estate Market Update and Statistics November 2009

December 7, 2009

The Austin real estate market was strong during November 2009 compared to November 2008. There was a huge 62% increase in single-family homes sold, a 1% decrease in the median sold price per square foot, virtually no change in days on market, and a large decrease in supply of 10%. The median sales price decreased from $235,000Read More

Austin Texas Real Estate Market Update and Statistics October 2009

November 3, 2009

The Austin real estate market was strong during October 2009 compared to October 2008. There was a 21% increase in single-family homes sold, a 1.8% increase in the median sold price per square foot, no change in days on market, and a huge decrease in supply. The median sales price decreased from $241,500 to $225,000, which indicatesRead More

Austin Texas Real Estate Market Update and Statistics September 2009

October 8, 2009

Fall has arrived for Austin real estate and we have some positive indicators in our September market update to brighten the day.  First of all, there were 9% more homes sold in the Austin city limits during September of 2009 compared to September 2008. I can’t even remember the last time that we had a salesRead More

Austin Texas Real Estate Market Update and Statistics August 2009

September 7, 2009

As the peak Austin real estate season of our summer 2009 comes to a close, I’m seeing some strong positive indicators, but also some mixed signals from the August 2009 market statistics for the city limits of Austin. During August there were 14.2% fewer homes sold in 2009 than 2008. Median sold prices were down 5.9% overallRead More

Austin Texas Real Estate Market Update and Statistics July 2009

August 7, 2009

We have rounded the corner towards the end of summer and have some Austin real estate statistics to share.  I’m pleased to report that the number of single-family homes sold within the Austin city limits was about the same during July 2009 as July 2008! Overall prices are down 5.3% in July 2009 compared to JulyRead More

Austin Texas Real Estate Market Update and Statistics June 2009

July 5, 2009

It seems to me that the Obama “stimulus” has helped keep the economy afloat given the slight “uptick” in Austin real estate sales volume over the last few months. While the market is still worse than 2008, the losses are minor compared to other cities around the country. Here are some recently notable news headlines about Austin,Read More

Austin Texas Real Estate Market Update and Statistics May 2009

June 4, 2009

Summer is in full swing for Austin real estate.  While the number of single-family homes sold within the Austin city limits was down 29% and overall prices are down 5.5% in May 2009 compared to May 2008, the supply of homes available for sale has decreased by 19% to 3.9 months of supply as youRead More

Austin Texas Real Estate Market Update and Statistics March 2009

April 7, 2009

While Austin real estate has not been immune from the effects of the national recession, the city has weathered the storm well compared to other cities around the country.  According to the Austin Board of REALTORS®, the Austin-area housing sector is still outperforming the majority of the country.  Consider this:   • Builder magazine cited AustinRead More

Austin Texas Real Estate Market Update and Statistics February 2009

March 1, 2009

Median sold prices for Austin homes (single-family) are down 3.2% and the number of homes sold is down 41% for February 2009 compared to February 2008.  Bank rates for a 30 year fixed mortgage remain very low at 5.25% as of 3/1/09 according to bankrate.com.  Due to the $787 billion U.S. Stimulus Plan recently signedRead More