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.
June 2009 Statistics
- $537,981,570 was the dollar volume of single-family properties sold
- $199,900 was the median price, unchanged from one year ago
- 2,135 was the number of homes sold, a 4 percent decrease compared to June 2008
Find the report at ABOR.com
This bodes very well for our market as a whole compared to other markets across the country. That doesn't mean that some neighborhoods aren't taking a beating or that the houses are flying off the shelf like no tomorrow; it simply means that as a whole we are holding strong.
This is do to a lot of factors around the Austin area, including jobs, unemployment rates, and the fact that Austing is a desirable place to live and we are still growing at a rapid rate.