Austin Real Estate Stats: Q3 2008-2009 Change

Third quarter numbers look very promising.  We obviously have to take into account the affect of the first time homebuyer tax credit, but it looks promising that it will be extended for 6 months, which will give our job market time to firm itself up a little before we ask the real estate market to stand on its own legs.

There were no considerable changes in the stats from 3rd Quarter 2008 to 2009.  Sold units were down 3.25%, median old price was down 2.12%, and average sold price was down 4.31%.  The discrepancy between median and average sold changes are the result of the higher end homes taking a larger hit.  The luxury market has seen larger declines than median & average priced homes.

Here are the 2008 numbers & the 2009 numbers.