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|
|Avg $ SQFT||$111.99||$114.83||$116.08||-1.08%|
|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 The “Not Solds” (expired and withdrawn) remain high at 45%, but are down significantly from Sept 2008 when more than half (51%) of all listings departing the Austin MLS were failed sales efforts.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.