Austin Real Estate Guy Blog

It caught my attention when you mentioned the average listing price is up, but the sold are down. I don' t get that either. It must me the treshold of where they fall short that is artificially holding up list prices. However, Texas seems to be doing much better than most of the country. I don't think it got as much speculation over the past years so there is not much over done pricing.

So, be that as it may, the new government programs should give you a positive year.

Richard

This surprised me quite a bit after the decent looking numbers for December 2008.  January 2009 didn’t feel like we were down from 2008, so I was actually quite surprised.

Year to year sold units were down 43%, which was almost as bad as November 2008, and a little bit worse than October.  Average sold price was down 6.45%, while median price dropped by 5.8%.  Here are links to the January 2008 stats, and the January 2009 stats.

I really don’t know what can account for this.  Our economy is still holding steady, and interest rates are extremely low.  Here’s to a better February!

Of particular note is that the number of expired/withdrawn listings for January, as a percentage of total exp/with plus solds is 61%. That's a lot of failed sales efforts by Austin sellers!

Steve