Austin Real Estate Market Statistics May 2009

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Summer is here. So what does that mean for Austin real estate? Both the number of homes sold in the Austin area and the supply of homes for sale are down as compared to this time last year. There are 3,934 single-family homes actively for sale within the city limits of Austin, Texas as of 6/4/09.

Some good news is that the Austin unemployment rate has continued to decline. The overall unemployment rate for the Austin area was 6.2% in April 2009 and has gone down to 5.8% over the past month. The Austin unemployment rate remains lower than both the State of Texas and the national unemployment rate, which serves as a comforting indicator of economic strength for Austin.

For a more detailed market update with average cost per square foot, numbers of homes for sale, pending, and withdrawn, and more, feel free to read my full report on the Regent Property Group website, here.

Brian Talley
Owner/Real Estate Broker
Regent Property Group

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mikey

Hi Brian,

Next time it will be helpful to title your post "Austin Real Estate Market Statistics..." so it will show up when people search for that info.

Right now you're getting a lot of hits on this message because people are wondering what area the statistics are for.

Aloha, Mike

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