Austin is bucking the national trends again as March 2009 official numbers come in. Nationally, 4,570,000 homes were sold in March, down from 4,940,000 home sold in March of 2008 and down from February 2009′s 4,720,000 homes sold in the US. Austin saw 1,511 homes sold in March of this year, down from last March’s 2,049, but gaining momentum from February 2009′s 1,174 homes sold. In short, while US numbers continue to decline, Austin’s numbers are gaining as our strong job and growth rate help to keep our local market stable. Watch for a post coming later this week on the stability of Austin’s market.
National Figures:
March 2008 – 4,940,000
February 2009 – 4,720,000
March 2009 – 4,570,000
Local Figures:
March 2008 – 2,049
February 2009 – 1,174
March 2009 – 1,511
National vs Austin Home Sales Volume
As always, Austin Real Estate Housing Statistics and Data are permanently available at Austin Home Pro as well on the Statistics page as well as our new data site.
If you visit this site regularly, then you’ve already heard me preach that the economy in Texas (and in its largest 4 cities) continues to buck national trends. I have so many frazzled buyers asking me “Why are all the crazy sellers in Austin trying to sell their home without slashing the price in half?” My answer often falls on deaf ears… Because unlike the hard-hit areas like Florida and Nevada, Texas has always had steady growth and appreciation, never doubling or trippling overnight. We have no out of control boom to recover from, there is no crash because our economy is healthier than other states’ and even the nation.
