Austin area home sales up in December; 2009 year-end down slightly from 2008

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

January 20, 2010 - According to the Multiple Listing Service report by the Austin Board of REALTORS®, the volume of Austin area home sales in December 2009 was 1,373, up five percent from the same month in 2008. The median price of real estate in the Austin area also showed an increase, up six percent from December 2008 to $194,000.

Year-end real estate totals for 2009 showed improvement in sales volume and stability in home prices over the course of the year. In 2009, 19,005 homes were sold in the Austin area, a six percent decrease from 2008. The median price for the region in 2009 was $188,480, down one percent from 2008.

Although year end sales totals decreased from 2008, the the six percent decline in year-end home sales marks a significant improvement when compared to the double-digit decreases in home sales seen in the first quarter of 2009.

December 2009 Statistics

  • $358,863,756 – Total dollar volume of single-family properties sold, an 11 percent increase from December 2008.

  • $194,000 – Median price for single-family homes, a six percent increase from December 2008.

  • 1,373 – Single-family homes sold, a five percent increase from December 2008. Not as dramatic as the increases seen in COtober and November, but still a substantial increase over 2008.

  • 8,079 – Active single-family home listings on the market, a five percent decrease from December 2008. More good news... fewer homes for sale, better chance for increased home values.

2009 Year-End Totals

  • $4,612,315,236 – Total dollar volume of single-family properties sold, a nine percent decrease from 2008.

  • $188,480 – Median price for single-family homes, a one percent decrease from 2008.

  • 19,005 – Single-family homes sold, a six percent decrease from 2008.

  • 9,335 – Active single-family home listings on the market, a five percent decrease from 2008.

Yes, year end stats for Austin real estate showed overall decreases for 2009 compared to 2008, HOWEVER, the last quarter of 2009 reflected positive statistics is all categorires!  This trend is xpected to continue into 2010!!