Austin Real Estate Blog - AustinRE.com

The Austin Real Estate (www.austinre.com) Blog provides information and resources to assist you in locating a place to live in Austin and it's surrounding areas.

Monday, September 08, 2008

 
I just saw the latest Austin real estate market statistics from Alamo Title Co. and this is of note:

August 2008
Units for Sale: (compared to August 2007)
New listings were down 18.87%. 
Pendings were down 21.28%.
Solds decreased by 23.21%.

As for Average Prices:
The "New Listings" average list price is up 3.90% to 312,594.  In August 2007 the average list price was $300,849.

Sold average sales prices decreased 7.95% to $276,954.  For August 2007 it was $256,553.
Check it out at http://www.alamotitle-austin.com/mls_statistics.php

Did you know that we had 11,103 active listings during the same week in 2007?  Today there is 12,647 active listings!  That is a 13.9% increase from last year.

Now isn't a good time to sell unless the seller is going to be aggressive. This would definitely be a reason for prices to be lower. Sell right or don't sell at all!  Now IS a good time to buy!

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