April 20, 2009 - According to the March 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of Central Texas single-family home sales in March 2009 was 1,421, down 22 percent from March 2008, and the median price was $180,160, down 4 percent over the same time period.

Jay Gohil, Chairman of the Austin Board of REALTORS®, provided some insight, “Sales volumes in March are still down compared to a year ago, but we’re beginning to see the gap in volume close.”

For example, in January 2009, sales volume was down 36 percent compared to January 2008. In February 2009, sales volume was down 28 percent compared to February 2008. In March 2009, the 22 percent decrease in volume compared to March 2008 shows the Austin real estate market is gaining momentum.

Chairman Gohil continued, “Looking at the first quarter of 2009, we’re seeing sales volumes improve and Austin home values remain steady – that’s good news for Austin homeowners. Those factors, combined with Austin’s strong economic fundamentals, bode well for our market heading toward the summer buying season.”

March 2009 – Single Family Homes

• $328,098,953 was the total dollar volume of single-family properties sold.


• $180,160 was the median price, a four percent decrease from one year ago.


• 1,421 was the number of homes sold, a 22 percent decrease compared to March 2008.

RSS Feed