I just pulled some stats for January and February to see how things have slowed in the Austin real estate market.  These figures are for single-family homes, condos, townhomes and mobile homes and the numbers came directly from the MLS.

Austin home prices for January and February, 2009

As you can see, January wasn't a good month, but it wasn't as bad as what we have read about other markets.  The most dramatic number is the huge reduction homes sold.  This was a result of having buyers pull back and not make offers in late November and December.  It seemed like absolutely nothing was happening during those months and I think a lot of it had to do with people waiting to see election results.  I also think that prices were down because of a lot of low-ball offers for those actually making offers at the end of the year.

Looking at February, things were down from the year before, but prices held up pretty well.  This surprises me because of people selling higher priced homes for much less than what they wanted.  My guess is that not enough of these homes sold to have much of a negative impact on prices.

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