The September 2009 Sales Statistics are out and Alamo Title in Austin reports the following:
However, these are eliminary September 2009 Data:
Units for Sale: (compared to September 2008)New listings are down 4.52%.
Pendings are up 16.63%.; Solds increased by 2.31%
As for Average Prices:
The "New Listings" average list price is down 6.43% to $301,416. In September 2008 the average list price was $322,116. The sold average sales prices decreased 1.43% to $238,763. For September 2008 it was $242,215.
In Lakeway, residential units sold are down 5% compared to last September. Overall, I think these numbers are pretty good. Do you think that the first time home buyer tax credit has a big impact on these numbers? If so, what would happen after November 30th when the tax credit is GONE? Ouch!
The statistics above have been obtained from Alamo Title of Austin and the Austin Board of Realtors and the information has not been verified or guaranteed.