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Austin Real Estate Market Update – Sept 2009 Stats

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# Withdrawn 897 794 910 -12.75%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 The “Not Solds” (expired and withdrawn) remain high at 45%, but are down significantly from Sept 2008 when more than half (51%) of all listings departing the Austin MLS were failed sales efforts.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.

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Posted by Steve
7 years ago