August real estate statistics for Austin, TX

What is going on in real estate in Austin, TX?  Oh no, our market has flattened in August.  Alamo Title in Austin has reported that in August, our residential sales (units) have decreased 18.91% compared to last August.  In Lake Travis ISD, our residential sales (units) have decreased 21%!

 Here are other statistics Alamo Title has announced:
New listings are down 8.35%.
Pendings are down 21.87%.
Sold average sales prices increased 10.42% to $261,006.  For August 2009 it was $236,376.
 
Is it still a good time to buy?  Absolutely!  Our interest rates are still low and look at the sold average sales, they are up last month!  If it continues to go up, hmmm do you want to buy high?

Note: The statistics above was obtained from Alamo Title of Austin.  The Lake Travis statistics was obtained from Austin Board of Realtors and has not been confirmed.