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Austin Real Estate Report

August real estate figures show signs of improvement, year-to-date figures on pace with 2009

Austin Board of REALTORS® releases August 2010 real estate statistics


AUSTIN, Texas – September 20, 2010 - According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, the impact of the expired homebuyer tax credits is still being felt in the Austin real estate market, yet the gap in year-over-year sales volume narrowed slightly compared to last month.

The volume of Austin home sales in August 2010 was 1,490, down 15 percent from the same month in 2009. The median price for Austin real estate in August 2010 was $200,000, up 5 percent from August 2009. In addition, the number of days on market increased one percent to 77 days for August 2010 when compared to August 2009.

"This continues to be a unique year in evaluating trends in the real estate market due to the impact of the recently expired homebuyer tax credits," said John Horton, Chairman of the Austin Board of REALTORS®. "Though we’re down in sales volume by 15 percent compared to this month last year, that gap is smaller than we experienced in July and year-to-date figures reveal that we’re generally on pace with 2009 volumes."

So far this year, 12,729 single-family homes have been sold in Austin, a two percent increase compared to the same time period in 2009. In addition, the median price year-to-date was $195,000, up three percent from 2009, and days on market decreased 11 percent from 2009 to 72 days.

Chairman Horton continued, "The most important thing I see in these results is that our year-to-date sales volume shows steady demand and our real estate values are holding strong. That’s good news as we head into the fall season."


August 2010 Statistics

  • $399,156,100 – Total dollar volume of single–family properties sold, a 7 percent decrease from August 2009.
  • $200,000 – Median price for single–family homes, a 5 percent increase from August 2009.
  • 1,490 – Single–family homes sold, a 15 percent decrease from August 2009.
  • 77 – Days on market, a one percent decrease from August 2009.
  • 11,106 – Active single–family home listings on the market, an 16 percent increase from August 2009.
  • 1,502 – Pending sales for single–family homes, a 24 percent decrease from August 2009.

Year–to–Date 2010 Statistics

  • $3,235,222,181 – Total dollar volume of single–family properties sold, a seven percent increase from 2009.
  • $195,000 – Median price for single–family homes, a three percent increase from 2009.
  • 12,729 – Single–family homes sold, a two percent increase from 2009.
  • 72 – Days on market, an 11 percent decrease from 2009.
  • 10,602 – Active single–family home listings on the market, a ten percent increase from 2009.
  • 14,462 – Pending sales for single–family homes, a two percent decrease from 2009.

The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 8,000 licensed REALTORS® in Central Texas. For more, please contact Angela Brutsché at 512/454-7636, ext. 1300.