Latest Austin Real Estate Market Statistics

Here are the latest stats on the Austin real estate market for the month of December 2008. Thanks to Alamo Title for compiling and sharing.

Units for Sale in Austin: (compared to December 2007)
New listings were down 12.84%.
Pendings were up 34.86%.
Solds decreased by 16.01%.

Average Austin Real Estate Prices:
The "New Listings" average list price is up 2.36% to 300,316. In December 2007 the average list price was $293,392.
Sold average sales prices decreased 5.66% to $238,867. For December 2007 it was $253,205.

Active Listings
We had 9,929 active listings during the same week in 2007. Today there is 10,097 active listings. That is 3.78% increase from last year. Total inventory for Austin area MLS is 5.77 months - still hovering at the equilibrium between buyer/seller market.

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