Hello Everyone,
Hope you are enjoying the summer! I am asked about the real estate market in Austin almost daily. So, I thought you might enjoy seeing a chart from the Statesman, a table of 2nd quarter statistics and a press release from the Austin Board of Realtors all below. There are many signs that we are on the road to recovery. Things are still slower than our heydey, 2006, but we are seeing an improvement in the statistics each month. While our sales volume and average prices are down compared to the same month of the previous year, the gap is slowly closing as sales volume and prices inch up. Meaning our market is improving & we have likely passed the worst of it. I particularly see a lot of activity in the lower price ranges due to the $8000 homebuyer tax credit.
If you know anyone looking to buy, sell or lease please have them contact me!
-Joi
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| 2008 Qtr 2 | 2009 Qtr 2 | Percent Change | |
| Sales Volume | $ 1,512,295,204 | $ 1,209,487,260 | -20% |
| Number Sold | 5,789 | 4,772 | -18% |
| Average Price | $ 261,236 | $ 253,455 | -3% |
Austin real estate market shows strength in second quarter 2009
Austin Board of REALTORS® releases June 2009 real estate statistics
July 20, 2009 - According to the June 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of single-family home sales in June 2009 was 2,135, down four percent from June 2008, and the median price was $199,900, unchanged from June 2008.
"We've seen the year-over-year gap in sales volume close steadily throughout 2009 and that momentum continues this month," said Jay Gohil, Chairman of the Austin Board of REALTORS®.
Home prices in the Austin area have also continued to gain momentum from the beginning of the year. Over the first two quarters of 2009 (January 2009 to June 2009), the average sale price for a single-family Austin home has increased $20,824, while median sales price has increased $24,400.
Also, from January 2009, sales volume is up 61 percent and active listings are up 14 percent. “This signifies a healthy Central Texas real estate market and good news for both local home buyers and sellers,” said Gohil.
