Austin Board of REALTORS®

Austin Board of REALTORS® releases December 2009 and year-end real estate statistics

The 1,576 homes sold in the Austin area in November 2009 marked a 58 percent increase from November 2008. The median home price for Austin in November 2009 was $179,000, a two percent decrease from the same month the prior year.

Though Central Texas home sales reached 2008 levels in July, the 1,793 homes sold in August 2009 marked a 10 percent decrease from one year ago. Local Realtors say first-time homeubyer tax credit expiring November 30 may affect demand this fall.

The number of Austin homes sales made in July 2009 was statistically unchanged from one year prior. Meanwhile, Austin home prices have fluctuated only slightly and remained above 2007 levels, one of the most lucrative years in Austin real estate.

June home sales in Austin decreased four percent from one year ago, marking the smallest year-over-year percentage drop since July 2007. Austin real estate market continues forward momentum.

Central Texas year-end housing report reflects price stability and long-term health of Austin real estate.

Central Texas reports a rise in property values and upswing in the leasing market.