Aria Realty, Inc. » austin real estate statistics

Austin gains home sales momentum while national sales decline

Archive — Mon, 27 Apr 2009 18:26:49 +0000

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.

New Interactive Chart: US, TX & Austin Median Home Prices

Archive — Fri, 17 Apr 2009 13:55:16 +0000

National, Texas, Austin Median Home Sales Prices

Always available at http://AustinHome.pro/Statistics with other charts of all the latest accurate Austin, Texas, and national housing information and statistics.

New Interactive Charts Show the Health of Austin’s Real Estate Market

Archive — Tue, 10 Mar 2009 15:10:16 +0000

New and exclusive to AustinHome.Pro, two new interactive charts… and more are on their way! You’ve depended on me for the latest data, and now I have a great new way to show it to you with these new interactive statistical charts. Hover over a point on the graphs to see the data.

So how healthy is Austin’s market? See for yourself with these indicators. How does Austin compare nationally? Take a look for yourself with this graph of national versus local sales volume.

These charts will be permanently available at http://AustinHome.Pro/statistics along with all new and updated data.

Statistics: Three New Charts On Austin Home Pro

Archive — Wed, 25 Feb 2009 12:48:53 +0000

I’m a numbers gal, in case you hadn’t noticed. Numbers help cut the emotion out of the market to help you make intelligent (not emotional) decisions. One of the biggest questions and points of conversation I’ve had lately is how does this market compare to the tech bust, etc?

My answers to these questions relate to the sales price, months of inventory, and home sales volume. So see for yourself, Austin’s growth has remained mostly consistent over this decade, prices are mostly holding after the boom of 2006 and downturn of 2007/2007. We are seeing inventory levels similar to 2001 (think tech-bust & 9/11) but still below those of late 2003 through 2004 (more tech crunches). Home sales volumes are always seasonal… last year we saw similar numbers to 2004, but had a large drop in January 2009 to levels that we haven’t seen since 2000-2004 when Austin was smaller and less economically developed. I expect February’s numbers to be much stronger, we are seeing nearly 500 pending sales right now in addition to sales earlier this month and builder’s home sales. December was also stronger than we had seen, probably due to expiring tax credits and property tax homestead exemption benefits.

It will be a long road to recovery, but Austin is showing its resilience and steady economic nature. It is a great time to take advantage of low interest rates through buying a home, remodeling loans, and refinancing. I am happy to help you evaluate the benefits of each to help you decide which option is best for you.

How Bad is Austin’s Real Estate Market, Really?

Aria Kilpatrick — Thu, 12 Jun 2008 07:24:37 +0000

If things are so rough right now, why is it that my investors are still having trouble finding reasonably priced real estate in Austin? 2008 is moving more slowly than 2007 and 2006. 2006 was our boom year which trickled into 2007. We’re still ahead of where we were 5 years ago. Here’s what Austin’s real estate statistics are looking like now that the April statistics are out. All data is from the Texas A&M Real Estate Center which I find includes more data than the Austin Board of Realtors.

2003 – Strong Buyer’s Market
2004 – Buyer’s Market
2005 – Neutral to Seller’s Market
2006 – Strong Seller’s Market
2007 – Seller’s Market to Neutral
2008 – Began Neutral, headed into a Buyer’s Market

Any surprises?