|
|
|
Below
is some examples of housing options in the Austin
TX area.
$200,000
|
 $250,000
|
$300,000
|
$350,000 |
$450,000
|
$500,000 |
$750,000 |
1 Million |
2.5 Million |
Central Texas real estate sales
volume down, but home prices show modest increase
March 19, 2009 -According to
the February 2009 Multiple Listing Service report
by the Austin Board of REALTORS® (ABoR), Austin
area home prices have risen compared to February
2008 but sales volume is down from this time a
year ago.
The median price of a single family home in Central
Texas was $189,900, up five percent from February
2008. There were 1,116 single-family homes sold
in February
2009, a 28 percent decrease as compared to one year ago. Collectively, sales
in February 2009 contributed $271,048,500 to the local economy.
“These statistics demonstrate how Austin area home prices have held steady
and continue to appreciate, despite volatile credit markets and difficult conditions
in other states,” explained ABoR Chairman Jay Gohil. “Compared to
last month, we’re seeing the year-over-year gap begin to close on sales
volume and hope consumer confidence will continue to rise to further spur the
market.”
He added, “With unprecedented incentives available to homebuyers, such
as an $8,000 first-time homebuyer tax credit and some of the lowest mortgage
interest rates in history, we believe many Central Texans will recognize this
spring as a great time to build wealth through Austin real estate.”
February
2009 Summary– Single
Family Housing in Austin, Texas
 |
$189,900 was the median price,
a five percent increase from February 2008 |
|
$271,048,500 was the total dollar volume
of homes sold |
|
|
|
