Homes Sold: 1,299 (21% decrease as compared to December 2007) - Median Price: $182,000 (4% decrease from December 2007)
- Total Dollar Volume of Property Sold: $320,542,539 (22% decrease from December 2007)
ABoR Chairman, Jay Gohil, reveals, “Austin is feeling the effects of the economic downturn in our sales volume, but our price stability shows the long-term health of our market...In Austin, we never saw the dramatic price run-ups like other parts of the country. Now our homes are retaining their value, even in the midst of market fluctuations. Combine that fact with projections that Austin’s population will continue to grow and our economy will continue adding jobs in 2009 and it becomes clear Austin is a good place to invest in real estate.”
For more detailed information, please reference:
December 2008 Austin MLS Areas Report
December 2008 Austin MLS Regions Report
December 2008 Austin MLS Indicators Report
For more information about home values in Austin, please contact SusieKang@JoaRealty.com or call 512.480.8384
