The October housings statistics were released just before Thanksgiving (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 deadline for the $8,000 tax credit (which has since been extended and expanded).  Distressed properties (foreclosures and short sales) accounted for 30% of the national sales in October.

October 2009 Existing Home Sales

 

Austin

Texas

USA

Number of Homes Sold

 

 

 

vs. Oct 2008

38.0%

15.1%

23.5%

vs. Sept 2009

3.5%

5.1%

10.1%

Year-to-Date vs. 2008

-11.6%

-12.3%

*

Year-to-Date vs. 2007

-28.0%

-25.0%

*

 

 

 

 

Price of Homes Sold

 

 

 

Average vs. Oct 2008

-2.3%

-2.2%

-5.0%

Median vs. Oct 2008

-4.6%

0.7%

-7.1%

 

 

 

 

Housing Inventory

 

 

 

Months Supply vs. Oct 2008

3.4%

1.5%

-31.4%

# Homes for Sale vs. Oct 2008

-11.5%

-12.4%

-14.9%

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