Austin Real Estate Market Shows Strength In Second Quarter 2009

July 20, 2009 - PRLog -- According to the June 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of single-family Austin home sales in June 2009 was 2,135, down four percent from June 2008, and the median price was $199,900, unchanged from June 2008.

"We've seen the year-over-year gap in sales volume for Austin real estate close steadily throughout 2009 and that momentum continues this month," said Jay Gohil, Chairman of the Austin Board of REALTORS®.

Prices of homes in Austin have also continued to gain momentum from the beginning of the year. Over the first two quarters of 2009 (January 2009 to June 2009), the average sale   price for a single-family Austin home has increased $20,824, while median sales price has increased $24,400.

Also, from January 2009, sales volume is up 61 percent and active listings are up 14 percent. “This signifies a healthy Austin real estate market and good news for both local home buyers and sellers,” said Gohil.

June 2009 Statistics
    • $537,981,570 was the dollar volume of single-family properties sold
    • $199,900 was the median price, unchanged from one year ago  
    • 2,135 was the number of homes sold, a 4 percent decrease compared to June 2008

Visit AustinHomeSearch.com for more information on the Austin real estate market.

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Founded in 1926, the Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 9,000 licensed REALTORS® in Central Texas.