Austin Real Estate Blog

Austin Real Estate Statistics for August are out. While most of the country has been experiencing a slowdown in the real estate market (especially true in California and Florida), the Austin market is still pretty strong.

Compared to this time last year, prices went up 8 percent from $169,500 to $182,500. There was also 6 percent more house sales than last year from 2615 to 2805. And also, the number of active listings compared to last year went down 2% from 8302 to 8137. So in short, house median sale prices went up, number of listings went down, and number of sales went up. Basically, we can interpret this as supply being down & demand being up... which in simple economics means prices go up.

Another interesting trend to watch is from the previous year. Single Family Sales have increased steadily since 2004. Active Single Family Listings have decreased steadily since 2004. Single Family Median Price has increased about 17% since 2004. And Single Family Pending Sales have also increased steadily. All good signs.

If you want to see the full stats for Austin they are located here:
Austin Real Estate Statistics

If you want to see the stats for some different neighborhoods they are located here:
Austin Real Estate Statistics by neighborhood