Austin Texas MLS Statistics For August

September 22, 2008

austin real estate statistics

What Does This Mean?

  • Active Listings 2008: 10,348
  • Active Listings 2007: 9,819
  • Homes Sold 2008: 1,992
  • Homes Sold 2007: 2,497
  • Median Sales Price 2008: $195,000
  • Median Sales Price 2007: $191,250
  • Average Sales Price 2008: $261,799
  • Average Sales Price 2007: $259,686

Let’s start with “Active Listings.” These are all the houses on the market for the Austin MLS in the month of August. The number has increased over the last year and the competition among sellers in some areas is tighter. This is good news for buyers because not only is there a greater variety of options, negotiation power is greater when supply is up.

I know that all sounds like bad news for sellers and good news for buyers but sellers are getting more for their homes as seen in the median price and average price increase over the last 12 months.

The number of homes sold has decreased but housing experts in Austin are not panicked because according to Austin Board of Realtors Chairman Socar Chatmon-Thomas, “our city’s job market receives high marks for its consistency, which in turn drives more people to move here. A robust labor pool and an expanding population are key to maintaining a healthy housing industry.”

Austin Real Estate Market

If you want to follow the Austin Real Estate market trends and conditions in more detail, check out the UNZipped section on the sidebar (here are the past few months):

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Hen Pecked by Lani, Asset Director | Filed Under Austin Events, Austin News, Austin Real Estate Blog, Human Interest 

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One Response to “Austin Texas MLS Statistics For August”

  1. Austin Housing Starts Slow Down : Austin Real Estate Blog on October 17th, 2008 7:23 pm

    [...] the inventory of resale homes rising in Austin, new home builders are being forced to compete with home sellers. Other factors include credit [...]

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