My New Blog

Weekly stat's are also available but I don't deem them particularly good indicators -- too small a sample. Looking at a comparison of one month to another from one year to the next is great as we know particular times of the year tend to be busier given peoples work schedules, school and vacation plans. Further below are the numbers Alamo Title numbers show us for March 2008 for 2009. First, a little jibber-jabber from my perspective given these numbers.                  

- Yup, fewer homes are on the market but the numbers indicate that many Sellers are taking advantage of the cooling home prices in Austin to sell and buy homes that are a "move up." However, the significantly smaller number of homes on the market as compared to last year also indicates that there is still a "fear creating paralysis" occurring. This, in spite of Sellers generally being those in the position of making money on their sale (ideally) with the equity that has built up - thus, making money even in a down market.

- Listings dropped by 12% but solds by a full quarter indicating that, unsurprisingly, Buyers have been most hesitant to bust a move. But the numbers have been slowly improving probably in no small part to the US Governments generous gift....let me repeat that...GIFT of $8,000 in the form of a tax credit. It's unprecedented and when things begin to improve in earnest, it, along with the also historically low interest ratings, will be gone. Money like this means a lot more home for your money or being able to buy a home without having to put down as much money, so this is going to be a time for folks to seriously look at their situation and consider the wisdom of buying versus leasing. I'll be blogging more about this later. Surprise, I know :)

March 2009

Units for Sale: (compared to March 2008)
New listings were down 12.40%.

Pendings were down 12.15%.

Solds decreased by 27.30%.

As for Average Prices:

The "New Listings" average list price is up 6.89% to 348,183. In March 2008 the average list price was $325,734.

Sold average sales prices decreased 2.66% to $228,938. For March 2008 it was $235,198.