Austin Real Estate sales values for September 2009 are even (up 0.04%) with the same month last year. The number of homes sold is actually up 0.61% from the same month a year ago, no doubt due to a surge in the lower priced homes caused by the $8,000 home buyer tax rebate. More on that in another article. Let’s take a look at the September chart.
Austin Real Estate Sales Market Update – Sept 2009 | ||||
Homes only (condos, duplexes, etc. not included) compiled from Austin MLS data | ||||
Aug 2009 | Sep 2009 | Sep 2008 | Yr % Change | |
# Sold | 1706 | 1639 | 1629 | 0.61% |
Avg List | $255,966 | $257,361 | $255,585 | 0.69% |
Med List | $195,750 | $194,900 | $189,900 | 2.63% |
Avg Sold | $246,372 | $246,185 | $246,079 | 0.04% |
Med Sold | $190,000 | $188,500 | $185,000 | 1.89% |
Sold/List % | 96.25% | 95.66% | 96.28% | -0.65% |
Avg SQFT | 2200 | 2144 | 2120 | 1.13% |
Med SQFT | 1973 | 1919 | 1909 | 0.52% |
Avg $ SQFT | $111.99 | $114.83 | $116.08 | -1.08% |
Avg DOM | 72 | 67 | 66 | 1.52% |
Median DOM | 43 | 40 | 48 | -16.67% |
# Expired | 492 | 529 | 819 | -35.41% |
# Withdrawn | 897 | 794 | 910 | -12.75% |
Not Sold | 1389 | 1323 | 1729 | -23.48% |
Not Sold % | 44.88% | 44.67% | 51.49% | -13.25% |
Median sold prices are up almost 2%. The sold to list price gap is 95.66%, which is slightly less than the 96.28% a year ago. The “Not Solds” (expired and withdrawn) remain high at 45%, but are down significantly from Sept 2008 when more than half (51%) of all listings departing the Austin MLS were failed sales efforts.
Overall, nothing surprising or unexpected with the Austin market for September. Let’s take a look at the Year to Date stats for Austin.