HOME SALES DROP IN AUSTIN. HOW FAR DID THEY GO?

Posted on January 20, 2009. Filed under: -- Austin Related, -- Real Estate Guide For Today's Market | Tags: , |


By Molly Greaves

NEWS-US-USA-ECONOMY-HOUSING

Guess what percent single-family home sales in the Austin metro area were down in December 2008?

21 percent compared with the same month last year, according to the Austin Board of Realtors. They also add that mediam prices declined 4 percent compared with December 2007, according to their research. 

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.

Year-end numbers from ABoR (pronounced “A”-Bore) show the median price for single family homes in Central Texas rose 2 percent from the year-end 2007 price of $189,000. Overall in 2008, single family (SF) home sales declined 20% to total 20,199, compared with sales in 2007.

Finish the article here!

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