February Home Sales Update for Austin Texas Real Estate

The number of homes sold in Austin Texas in 2008 compared to the same time period in 2007 from January 1 thru February 16 is down 29% for the time period beginning January 1 and ending February 16.  In 2007 there were 775 homes sold in January and 446 homes sold from February 1 thru February 16.  In 2008 there have been 614 homes sold in January and 256 homes sold from February 1 thru February 16.  So far this year 870 homes have sold in Austin Texas compared to 1,219 homes sold during the same time period in 2007, which is a 29% decline.  February home sales are down 43% for the time period from February 1 thru February 16th 2008 compared to 2007.

If you are a buyer looking to buy a new home or Austin Texas real estate, this is a good time to start shopping.

Source: Austin Board of Realtors