Austin March Housing Sales

Average and median prices of single family home sales in Austin were little changed in March 2008 from March 2007, which is a far better situation from most of the rest of the country. More on that in a later blog. Numbers of home sales in Austin during March were not looking good compared to a year ago. The first chart shows numbers of sales of single family in 9 price categories. The total number of sales was 1840 (according to the sum

of the categories--the published number was 1832). The second chart shows the % change in each of the price categories and the total, which was down 21%. None of the 9 price categories showed an increase in sales, though $200,000 to $249,999 came close. The worst category was the over $1 million, which was down 68%, meaning that there were only 1/3 as many as in March a year earlier. Active listings were up 23.9% to 9,638, while average days on the market were up14.1% to 73.