August 2009 Housing Statistics
Thursday, September 24, 2009
The August housings statistics were released today (the national numbers are provided by the National Association of Realtors while the Texas numbers are from The Real Estate Center at Texas A&M University). Nationally, approximately 30% of the buyers in August were first-time homebuyers taking advantage of the $8,000 tax credit. Distressed properties (foreclosures and short sales) accounted for 31% of the national sales in August.
August 2009 Existing Home Sales
| Austin | Texas | USA | |
| Number of Homes Sold | |||
| Vs. Aug 2008 | -9.8% | -11.6% | 3.4% |
| Vs. July 2009 | -10.8% | -10.1% | -2.7% |
| Year-to-Date vs. 2008 | -17.9% | -23.9% | * |
| Year-to-Date vs. 2007 | -33.5% | -35.0% | * |
| Price of Homes Sold | |||
| Average vs. Aug 2008 | -5.5% | -3.7% | -9.3% |
| Median vs. Aug 2008 | -3.8% | -0.7% | -12.5% |
| Housing Inventory | |||
| Months Supply vs. Aug 2008 | 11.7% | 7.1% | -19.0% |
| # Homes for Sale vs. Aug 2008 | -9.4% | -11.9% | -16.4% |
*National numbers are seasonally adjusted so no year-to-date comparisons are made.
