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« Real Estate Market News for Austin | Main

September 16, 2008

Sales Volumes Down in Austin

Wondering how the real estate market is faring in your area of town?  Take a look at these area statistics:

Area RN (Steiner Ranch areas) sold 43 homes in August for a total of $24,629,110 and homes sold for 96.4% of the asking price, compared to August 07's 56 homes sold for a total of $34,122 and homes sold for 97.1% of the asking price.

Area DT (Downtown) sold 12 homes in August for a total of $4,253,892 and homes sold for 97.1% of the asking price, compared to August 07's 22 homes sold for a total of $11,218,746 and homes sold for 95.5% of the asking price.

Area 10N (South of Ben White) sold 25 homes in August for a total of $5,001,800 and homes sold for 99% of the asking price, compared to August 07's 37 homes sold for a total of $7,421,534 for 99.1% of the asking price.

If you're interested in seeing the numbers for your specific area, email us at Erin@austinHBC.com.

These numbers tell me that the market is softening a bit.  We're seeing a big decrease in the volume of homes sold, and in some areas a fairly large decrease in the selling price as well.  If you're looking to buy in Austin, this could be a good time to snag a home for less than top dollar.

For more information or a free consultation about the Austin real estate market, or what areas might be the best for you, feel free to call or email anytime at Erin@AustinHBC.com or 512-415-5182.

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