The November housings statistics were released just before Christmas (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).  The numbers showed big increases as first-time homebuyers rushed to beat the original November 30 deadline for the $8,000 tax credit (which has since been extended and expanded).  In fact, first-time buyers accounted for 51% of the sales in November.  Distressed properties (foreclosures and short sales) accounted for 33% of the national sales in November.

November 2009 Existing Home Sales

 

Austin

Texas

USA

Number of Homes Sold

 

 

 

vs. Nov 2008

60.2%

36.0%

44.1%

vs. Oct 2009

-9.6%

-9.1%

7.4%

Year-to-Date vs. 2008

-8.0%

-9.5%

*

Year-to-Date vs. 2007

-26.4%

-23.8%

*

 

 

 

 

Price of Homes Sold

 

 

 

Average vs. Nov 2008

0.8%

2.7%

-3.0%

Median vs. Nov 2008

-2.1%

4.7%

-4.3%

 

 

 

 

Housing Inventory

 

 

 

Months Supply vs. Nov 2008

0.0%

0.0%

-40.9%

# Homes for Sale vs. Nov 2008

-9.5%

-9.1%

-15.5%

*National numbers are seasonally adjusted so no year-to-date comparisons are made.