From statesman, April 21, 2009...
Sales of existing homes in Central Texas fell 22 percent in March — a six-year low for that month, according to the Austin Board of Realtors. The median price dipped 4 percent, to $180,000, though it was off just 1 percent for the first three months of the year.
March marked the 22nd consecutive month of sales declines, as the Austin market continues to feel the effects of the recession, housing slowdown and slower local job growth. But the year-over-year percentage decline was smaller than in January and February.
Read more...
Showing posts with label Home Sales. Show all posts
Showing posts with label Home Sales. Show all posts
Tuesday, April 21, 2009
Monday, April 13, 2009
New home starts down 47% in Austin region
From Austin Business Journal, April 1, 2009...
New home starts in the Austin area continued to decline in the first quarter of 2009, according to research from Residential Strategies Inc.
Builders started 1,215 homes in the first quarter, a 47 percent decrease from the same quarter last year.
That brings the current annual start rate to 7,938 units. At the market’s peak, in the third quarter of 2006, Austin saw 17,128 annual starts.
Closings for the first quarter of this year also fell to 2,145 units, a 31 percent decline from the same quarter last year.
Read more...
New home starts in the Austin area continued to decline in the first quarter of 2009, according to research from Residential Strategies Inc.
Builders started 1,215 homes in the first quarter, a 47 percent decrease from the same quarter last year.
That brings the current annual start rate to 7,938 units. At the market’s peak, in the third quarter of 2006, Austin saw 17,128 annual starts.
Closings for the first quarter of this year also fell to 2,145 units, a 31 percent decline from the same quarter last year.
Read more...
Tuesday, February 24, 2009
January home sales down 36% in Austin
From Austin Business Journal, February 19, 2009...
Single-family home sales and median home prices in the metro area both fell in January, compared with the same month last year, according to a report from the Austin Board of Realtors.
In January, 834 single family homes sold, a 36 percent decrease from January 2008. Median home prices for the month were $175,500, down 6 percent from the same period last year, and roughly equivalent to the median price in January 2007, which was $175,000.
Read more...
Single-family home sales and median home prices in the metro area both fell in January, compared with the same month last year, according to a report from the Austin Board of Realtors.
In January, 834 single family homes sold, a 36 percent decrease from January 2008. Median home prices for the month were $175,500, down 6 percent from the same period last year, and roughly equivalent to the median price in January 2007, which was $175,000.
Read more...
Friday, January 23, 2009
Austin home sales down 21% in Dec.
From Austin Business Journal, January 20, 2009...
December 2008 single-family home sales in the Austin metro area were down 21 percent compared with the same month last year, while mediam prices declined 4 percent compared with December 2007, according to research from the Austin Board of Realtors.
But the drop in single-family home sales for December isn’t as severe as the 40 percent drop in sales logged in November 2008 as compared with November 2007.
Read more...
December 2008 single-family home sales in the Austin metro area were down 21 percent compared with the same month last year, while mediam prices declined 4 percent compared with December 2007, according to research from the Austin Board of Realtors.
But the drop in single-family home sales for December isn’t as severe as the 40 percent drop in sales logged in November 2008 as compared with November 2007.
Read more...
Saturday, December 27, 2008
Existing home sales dive 40 percent in November
From statesman, December 19, 2008...
Sales of existing homes in Central Texas plunged 40 percent last month, the largest decline on record, as the recession and credit crunch arrived full force in Austin.
The 990 sales were the lowest number for November since 1997, according to the Austin Board of Realtors.
And the median price fell 3 percent, the first drop in four years.
Real estate experts don't expect next year to be any better.
Read more...
Sales of existing homes in Central Texas plunged 40 percent last month, the largest decline on record, as the recession and credit crunch arrived full force in Austin.
The 990 sales were the lowest number for November since 1997, according to the Austin Board of Realtors.
And the median price fell 3 percent, the first drop in four years.
Real estate experts don't expect next year to be any better.
Read more...
Friday, November 21, 2008
Austin home sales fall in October
From Austin Business Journal, November 20, 2008...
Single-family home sales in the Austin area fell 25 percent in October compared with the same month last year, and October’s active listings rose 5 percent from the same time last year, according to data from the Austin Board of Realtors.
Single-family home sales contributed $324 million to the Austin economy in October, down 24 percent from last October.
Median home price in October rose, however, to $192,520, a 7 percent increase from a year ago and a record for the month.
Read more...
Single-family home sales in the Austin area fell 25 percent in October compared with the same month last year, and October’s active listings rose 5 percent from the same time last year, according to data from the Austin Board of Realtors.
Single-family home sales contributed $324 million to the Austin economy in October, down 24 percent from last October.
Median home price in October rose, however, to $192,520, a 7 percent increase from a year ago and a record for the month.
Read more...
Monday, September 22, 2008
Austin home sales down 20% in August
From KVUE, September 18, 2008...
Austin's real estate market is slowing down -- but values are holding steady.
Numbers released Thursday by the Austin Board of Realtors show home sales dropped 20 percent in August compared to August of last year. In August 2008, 1,992 homes were sold in Austin.
The median home price went up 2 percent to $195,000.
Read more...
Austin's real estate market is slowing down -- but values are holding steady.
Numbers released Thursday by the Austin Board of Realtors show home sales dropped 20 percent in August compared to August of last year. In August 2008, 1,992 homes were sold in Austin.
The median home price went up 2 percent to $195,000.
Read more...
Saturday, April 19, 2008
Central Texas Homes Sales Continue to Dip
From statesman.com, April 18, 2008...
Friday, April 18, 2008
Central Texas Home Sales Still Slow, But Prices Keep Rising
From Austin Business Journal April 18, 2008...
The Austin area's home sale tumble doesn't seem to be slowing down.
Sales of existing homes fell 21 percent to 1,832 in March, the ninth consecutive month to show a decline, according to figures from the Austin Board of Realtors. Meanwhile, pending sales are also down a record 54 percent to 1,349, an indication that sales are unlikely to pick up any time soon.
Read more...
The Austin area's home sale tumble doesn't seem to be slowing down.
Sales of existing homes fell 21 percent to 1,832 in March, the ninth consecutive month to show a decline, according to figures from the Austin Board of Realtors. Meanwhile, pending sales are also down a record 54 percent to 1,349, an indication that sales are unlikely to pick up any time soon.
Read more...
Friday, March 21, 2008
Austin Area Home Sales Continue To Drop, But Prices Rise
From Austin Business Journal March 19, 2008...
Central Texas home sales dropped again in February but sales prices increased slightly.
Read more...
Central Texas home sales dropped again in February but sales prices increased slightly.
Read more...
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