Looking for last month's sales statistics? Are you sure you really want to know? Just this past Monday, the stock market experienced a big dip and announced more bad news about banks experiencing hard times. Urgh! I can't wait for all this nightmare to be over with! Okay, enough stalling, here's August residential statistics provided by Alamo Title of Austin, TX.
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 increased 7.95% to $276,954. For August 2007 it was $256,553.
In Lake Travis ISD (MLS area LS), residential sales are down 32%!!! That is just unbelievable! I know for a fact that I have not been getting any traffic in any of my listings. This is a bad, bad sign. If anyone out there has any good news to share, please do share!
