Austin Real Estate Market Statistics Aug 2009
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A free research tool from the Austin Board of REALTORS® brought to you by the unique data-sharing traditions of the REALTOR® community
Residential Sales Report August 2009 The impending expiration of the federal tax credit for first-time home buyers appears to be spurring some buyer activity in the Austin region. Signed purchase agreements (pending sales) in August were up 20.1 percent over a year ago. That's the largest year-over-year increase in pending sales since 2005. Supply is a different story, as new listings coming on the market are continuing to lag behind a year ago. August's 3,278 new listings represent a decline of 7.5 percent from last August. For the year there have been over 500 fewer new listings than last year in the region. Prices are still in relative decline, posting a 3.5 percent drop from last August.
New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of Original List Price Received at Sale Housing Affordability Index Housing Supply Outlook All Residential Properties Under $125,000 and $125,001 to $175,000 $175,001 to $250,000 and $250,001 to $400,000 $400,001 to $750,000 and $750,001 and above
Market Overview Annual Review
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
2 3 4 5 6 7 8 9 10 11 12 13 14 15
1
New Listings A Monthly Indicator from the Austin Board of REALTORS®
Year to Date
August 4,256
32,599 3,544
28,153
3,278
One Year Change:
One Year Change:
2007
2008
27,597
- 7.5%
- 2.0%
Two Year Change:
Two Year Change:
- 23.0%
- 15.3%
2007
2009
2008
2009
Historical Market Activity 5,000
New Listings Pending Sales Closed Sales
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
2
Pending Sales A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
2,240
2,219
2,240
20,884
2,219
20,884
1,848
17,313
1,848
17,313
15,286
15,286
One Year Change:
2007 2007
One Year Change:
+ 20.1%
-11.7%
Two Year Change:
Two Year Change:
-0.9%
2008 2008
2007 2007
2009 2009
2008 2008
-26.8%
2009 2009
Historical Market Activity 5,000
New Listings Pending Sales Closed Sales
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
3
Closed Sales A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
2,807
2,807
20,582
20,582
2,214
2,214
16,659
1,873
16,659
1,873
13,510
13,510
2007
One Year Change:
- 15.4%
- 18.9%
Two Year Change:
Two Year Change:
- 33.3%
2008
2007
One Year Change:
2007 2007
2009
2008
2009
2008 2008
- 34.4%
2009 2009
Historical Market Activity 5,000
New Listings Pending Sales Closed Sales
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
4
Days on Market Until Sale A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
73
73
77 77
65 65 65 65
55 55 56 56
2007 2007
One Year Change:
One Year Change:
+ 12.2%
+ 17.7%
Two Year Change:
Two Year Change:
+ 32.7%
2008 2008
2007 2007
2009 2009
2008 2008
+ 38.2%
2009 2009
Historical Days on Market Until Sale 90
80
70
60
50
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
5
Median Sales Price A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
$192,270
$189,900
$192,270
$189,900
$183,900
$185,488
$183,900
Figures do not take into account seller concessions.
$189,589
$187,000
$189,589
$187,000
$185,488
One Year Change:
2007 2007
One Year Change:
- 3.5%
- 1.4%
Two Year Change:
Two Year Change:
- 2.3%
2008 2008
2007 2007
2009 2009
2008 2008
+ 1.7%
2009 2009
Historical Median Prices $200,000
$190,000
$180,000
$170,000
$160,000
$150,000
$140,000
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
6
Average Sales Price A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
$255,316
$249,825
$255,316
$249,825
$246,477
$246,477
$236,410
$236,410
Figures do not take into account seller concessions.
$246,003 $246,003
One Year Change:
2007 2007
One Year Change:
- 5.4%
- 3.6%
Two Year Change:
Two Year Change:
- 7.4%
2008 2008
$237,080 $237,080
2007 2007
2009 2009
2008 2008
- 3.8%
2009 2009
Historical Average Prices $260,000
$240,000
$220,000
$200,000
$180,000
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
7
Percent of Original List Price Received at Sale A Monthly Indicator from the Austin Board of REALTORS®
August
Year to Date
100.0%
100.0%
96.7%
95.8% 94.4%
95.0%
The Percent of Original List Price Received at Sale is calculated by comparing the final sales prices of closed sales to their original list prices. This does not account for list prices from any previous listing contracts. The sales price does not account for seller concessions.
94.9%
94.1%
95.0%
90.0%
93.1%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 0.3%
- 1.8%
Two Year Change:
Two Year Change:
- 1.8% 80.0%
- 3.6%
80.0%
2007
2008
2009
2007
2008
2009
Historical Percent of Original List Price Received at Sale 100.0%
95.0%
90.0%
85.0%
80.0%
Jan-05
Jan-06
Jan-07
Jan-08
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-09
8
Housing Affordability Index A Monthly Indicator from the Austin Board of REALTORS®
April August 133
The HAI formula measures housing affordability for the Austin Housing Market. An HAI of 120 means the median family income is 120% of the necessary income to qualify for the median priced home using a 20% down, 30-year fixed rate mortgage.
152
133
152
132
132
One Year Change:
+ 14.7% Two Year Change:
+ 14.1%
2007
2008
2009
2007
2008
2009
Historical Housing Affordability Index 180
170
160
150
140
130
120
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
9
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
Inventory of Active Listings Single-Family Condo-Townhouse
Previously Owned New Construction
10,685
2,888 2,490 2,228 2,046
1,446 1,222
1,635
1,320
371
Single-Family
Condo-Townhouse
Up to $125,000
418
404
314
443
187
69
$125,001 to $175,000 $175,001 to $250,000 $250,001 to $400,000 $400,001 to $750,000 $750,001 and above
Months Supply of Inventory Single-Family Condo-Townhouse All
Previously Owned New Construction All 19.1
48.7
34.0
34.3
33.7
12.2 10.8 8.5
7.7
8.4
8.3
19.8
8.1 6.6 6.1
7.7 6.3
Up to $125,000
All
Single-Family
14.5
13.0
Condo-Townhouse
5.5
8.3
5.7
$125,001 to $175,000
6.4
6.9
$175,001 to $250,000
9.1
15.3
9.8
$250,001 to $400,000
$400,001 and above
$750,001 and above
A market is considered balanced between buyers and sellers when there is roughly a 5 to 6-month supply of homes available for purchase
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
10
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
Under $125,000 Inventory
Months Supply
1,710 Previously Owned New Construction
1,357
Previously Owned New Construction 15.4
9.6
8.9 7.5
6.2
5.9
353 107 All
89 Single-Family
18 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
2,306 Previously Owned New Construction
2,040
Previously Owned New Construction
8.8
6.4
5.9
5.7 4.2
236
All
188
Single-Family
3.9
266 48 Condo-Townhouse
All
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Condo-Townhouse 11
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
$175,001 to $250,000 Inventory
Months Supply Previously Owned New Construction
2,479 2,161
Previously Owned New Construction
16.1
12.4
7.2
6.8 5.4
415
329
4.6
318 86
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,692
Previously Owned New Construction
2,432
Previously Owned New Construction
22.0 18.7
10.4
9.9 7.9
614
456 260
All
6.5
Single-Family
158
Condo-Townhouse
All
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Condo-Townhouse 12
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
$400,001 to $750,000 Inventory
Months Supply
1,805
1,706
Previously Owned New Construction
Previously Owned New Construction 48.0
27.0 16.8
428
99 All
16.5 11.0
340
Single-Family
9.1
88 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
1,013
Previously Owned New Construction
989
278
Previously Owned New Construction
233 35.2
24 All
270.0
Single-Family
Condo-Townhouse
36.0
31.2
45 All
26.6
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
19.2 Condo-Townhouse 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
August 2009 New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Total Active Listings Available
Percent of Original List Price
Housing Affordability Index
Months Supply of Inventory
Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug
2009
2008
Percent Change
3,648 3,691 3,278 2,177 2,155 2,219 2,260 2,237 1,873 76 72 73 $195,000 $187,000 $185,488 $245,718 $239,278 $236,410 14,957 14,308 11,839 93.7% 93.9% 94.1% 143 149 152 9.0 9.0 8.4
4,088 3,961 3,544 2,189 2,126 1,848 2,422 2,292 2,214 61 61 65 $196,128 $190,000 $192,270 $254,510 $251,423 $249,825 NA NA NA 95.3% 94.9% 94.4% 129 132 132 NA NA NA
- 10.8% - 6.8% - 7.5% - 0.5% + 1.4% + 20.1% - 6.7% - 2.4% - 15.4% + 24.4% + 18.0% + 12.2% - 0.6% - 1.6% - 3.5% - 3.5% - 4.8% - 5.4% ---- 1.7% - 1.0% - 0.3% + 10.5% + 13.3% + 14.7% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,115 3,962 3,660 2,622 2,489 2,342 2,761 2,638 2,578 61 60 62 $184,226 $180,800 $182,557 $239,654 $239,444 $237,762
20,628 24,319 27,597 10,912 13,067 15,286 9,400 11,637 13,510 79 77 77 $187,500 $187,000 $187,000 $236,691 $237,188 $237,080
24,703 24,609 28,153 13,339 15,465 17,313 12,153 14,445 16,659 66 65 65 $188,725 $189,000 $189,589 $244,284 $245,417 $246,003
- 16.5% - 1.2% - 2.0% - 18.2% - 15.5% - 11.7% - 22.7% - 19.4% - 18.9% + 19.1% + 18.6% + 17.7% - 0.6% - 1.1% - 1.4% - 3.1% - 3.4% - 3.6%
23,167 26,317 29,977 14,096 16,585 18,927 12,751 15,389 17,967 66 65 65 $176,889 $177,562 $178,398 $231,251 $232,652 $233,386
--
--
--
--
--
96.1% 95.8% 95.5% 141 143 143
96.1% 95.8% 95.5%
95.0% 94.9% 94.9%
+ 1.2% + 0.9% + 0.7%
92.8% 93.0% 93.1%
--
--
--
--
--
--
--
--
--
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
14
Annual Review A free research tool from the Austin Board of REALTORS®
January through April
April Closed Sales
Days on Market Until Sale
30,292 26,890
26,890
22,060 22,060
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,435
+ 21.9%
+ 12.7%
2005
96.3% 2006
96.2%
2004
70
30,292
28,051
- 7.4%
- 20.0%
96.2%
96.8%
2007
2008
$184,000
$187,500
Median Sales Price
2004
+ 17.1%
96.8% 2007
2008
Percent of Original List Price Received at Sale
$171,500 $152,500
$160,000 96.2%
96.3%
96.8% 96.1% 94.3%
2004
+ 4.9%
+ 7.2%
+ 7.3%
+ 1.9%
2005
2006
2007
2008
2004
+ 0.1%
+ 0.5%
- 0.7%
- 1.8%
2005
2006
2007
2008
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
15
Residential Sales Report August 2009 The impending expiration of the federal tax credit for first-time home buyers appears to be spurring some buyer activity in the Austin region. Signed purchase agreements (pending sales) in August were up 20.1 percent over a year ago. That's the largest year-over-year increase in pending sales since 2005. Supply is a different story, as new listings coming on the market are continuing to lag behind a year ago. August's 3,278 new listings represent a decline of 7.5 percent from last August. For the year there have been over 500 fewer new listings than last year in the region. Prices are still in relative decline, posting a 3.5 percent drop from last August.
New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of Original List Price Received at Sale Housing Affordability Index Housing Supply Outlook All Residential Properties Under $125,000 and $125,001 to $175,000 $175,001 to $250,000 and $250,001 to $400,000 $400,001 to $750,000 and $750,001 and above
Market Overview Annual Review
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
2 3 4 5 6 7 8 9 10 11 12 13 14 15
1
New Listings A Monthly Indicator from the Austin Board of REALTORS®
Year to Date
August 4,256
32,599 3,544
28,153
3,278
One Year Change:
One Year Change:
2007
2008
27,597
- 7.5%
- 2.0%
Two Year Change:
Two Year Change:
- 23.0%
- 15.3%
2007
2009
2008
2009
Historical Market Activity 5,000
New Listings Pending Sales Closed Sales
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
2
Pending Sales A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
2,240
2,219
2,240
20,884
2,219
20,884
1,848
17,313
1,848
17,313
15,286
15,286
One Year Change:
2007 2007
One Year Change:
+ 20.1%
-11.7%
Two Year Change:
Two Year Change:
-0.9%
2008 2008
2007 2007
2009 2009
2008 2008
-26.8%
2009 2009
Historical Market Activity 5,000
New Listings Pending Sales Closed Sales
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
3
Closed Sales A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
2,807
2,807
20,582
20,582
2,214
2,214
16,659
1,873
16,659
1,873
13,510
13,510
2007
One Year Change:
- 15.4%
- 18.9%
Two Year Change:
Two Year Change:
- 33.3%
2008
2007
One Year Change:
2007 2007
2009
2008
2009
2008 2008
- 34.4%
2009 2009
Historical Market Activity 5,000
New Listings Pending Sales Closed Sales
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
4
Days on Market Until Sale A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
73
73
77 77
65 65 65 65
55 55 56 56
2007 2007
One Year Change:
One Year Change:
+ 12.2%
+ 17.7%
Two Year Change:
Two Year Change:
+ 32.7%
2008 2008
2007 2007
2009 2009
2008 2008
+ 38.2%
2009 2009
Historical Days on Market Until Sale 90
80
70
60
50
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
5
Median Sales Price A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
$192,270
$189,900
$192,270
$189,900
$183,900
$185,488
$183,900
Figures do not take into account seller concessions.
$189,589
$187,000
$189,589
$187,000
$185,488
One Year Change:
2007 2007
One Year Change:
- 3.5%
- 1.4%
Two Year Change:
Two Year Change:
- 2.3%
2008 2008
2007 2007
2009 2009
2008 2008
+ 1.7%
2009 2009
Historical Median Prices $200,000
$190,000
$180,000
$170,000
$160,000
$150,000
$140,000
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
6
Average Sales Price A Monthly Indicator from the Austin Board of REALTORS®
January through April
April August
Year to Date
$255,316
$249,825
$255,316
$249,825
$246,477
$246,477
$236,410
$236,410
Figures do not take into account seller concessions.
$246,003 $246,003
One Year Change:
2007 2007
One Year Change:
- 5.4%
- 3.6%
Two Year Change:
Two Year Change:
- 7.4%
2008 2008
$237,080 $237,080
2007 2007
2009 2009
2008 2008
- 3.8%
2009 2009
Historical Average Prices $260,000
$240,000
$220,000
$200,000
$180,000
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
7
Percent of Original List Price Received at Sale A Monthly Indicator from the Austin Board of REALTORS®
August
Year to Date
100.0%
100.0%
96.7%
95.8% 94.4%
95.0%
The Percent of Original List Price Received at Sale is calculated by comparing the final sales prices of closed sales to their original list prices. This does not account for list prices from any previous listing contracts. The sales price does not account for seller concessions.
94.9%
94.1%
95.0%
90.0%
93.1%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 0.3%
- 1.8%
Two Year Change:
Two Year Change:
- 1.8% 80.0%
- 3.6%
80.0%
2007
2008
2009
2007
2008
2009
Historical Percent of Original List Price Received at Sale 100.0%
95.0%
90.0%
85.0%
80.0%
Jan-05
Jan-06
Jan-07
Jan-08
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-09
8
Housing Affordability Index A Monthly Indicator from the Austin Board of REALTORS®
April August 133
The HAI formula measures housing affordability for the Austin Housing Market. An HAI of 120 means the median family income is 120% of the necessary income to qualify for the median priced home using a 20% down, 30-year fixed rate mortgage.
152
133
152
132
132
One Year Change:
+ 14.7% Two Year Change:
+ 14.1%
2007
2008
2009
2007
2008
2009
Historical Housing Affordability Index 180
170
160
150
140
130
120
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
Jan-09
9
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
Inventory of Active Listings Single-Family Condo-Townhouse
Previously Owned New Construction
10,685
2,888 2,490 2,228 2,046
1,446 1,222
1,635
1,320
371
Single-Family
Condo-Townhouse
Up to $125,000
418
404
314
443
187
69
$125,001 to $175,000 $175,001 to $250,000 $250,001 to $400,000 $400,001 to $750,000 $750,001 and above
Months Supply of Inventory Single-Family Condo-Townhouse All
Previously Owned New Construction All 19.1
48.7
34.0
34.3
33.7
12.2 10.8 8.5
7.7
8.4
8.3
19.8
8.1 6.6 6.1
7.7 6.3
Up to $125,000
All
Single-Family
14.5
13.0
Condo-Townhouse
5.5
8.3
5.7
$125,001 to $175,000
6.4
6.9
$175,001 to $250,000
9.1
15.3
9.8
$250,001 to $400,000
$400,001 and above
$750,001 and above
A market is considered balanced between buyers and sellers when there is roughly a 5 to 6-month supply of homes available for purchase
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
10
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
Under $125,000 Inventory
Months Supply
1,710 Previously Owned New Construction
1,357
Previously Owned New Construction 15.4
9.6
8.9 7.5
6.2
5.9
353 107 All
89 Single-Family
18 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
2,306 Previously Owned New Construction
2,040
Previously Owned New Construction
8.8
6.4
5.9
5.7 4.2
236
All
188
Single-Family
3.9
266 48 Condo-Townhouse
All
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Condo-Townhouse 11
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
$175,001 to $250,000 Inventory
Months Supply Previously Owned New Construction
2,479 2,161
Previously Owned New Construction
16.1
12.4
7.2
6.8 5.4
415
329
4.6
318 86
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,692
Previously Owned New Construction
2,432
Previously Owned New Construction
22.0 18.7
10.4
9.9 7.9
614
456 260
All
6.5
Single-Family
158
Condo-Townhouse
All
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Condo-Townhouse 12
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
$400,001 to $750,000 Inventory
Months Supply
1,805
1,706
Previously Owned New Construction
Previously Owned New Construction 48.0
27.0 16.8
428
99 All
16.5 11.0
340
Single-Family
9.1
88 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
1,013
Previously Owned New Construction
989
278
Previously Owned New Construction
233 35.2
24 All
270.0
Single-Family
Condo-Townhouse
36.0
31.2
45 All
26.6
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
19.2 Condo-Townhouse 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
August 2009 New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Total Active Listings Available
Percent of Original List Price
Housing Affordability Index
Months Supply of Inventory
Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug Jun Jul Aug
2009
2008
Percent Change
3,648 3,691 3,278 2,177 2,155 2,219 2,260 2,237 1,873 76 72 73 $195,000 $187,000 $185,488 $245,718 $239,278 $236,410 14,957 14,308 11,839 93.7% 93.9% 94.1% 143 149 152 9.0 9.0 8.4
4,088 3,961 3,544 2,189 2,126 1,848 2,422 2,292 2,214 61 61 65 $196,128 $190,000 $192,270 $254,510 $251,423 $249,825 NA NA NA 95.3% 94.9% 94.4% 129 132 132 NA NA NA
- 10.8% - 6.8% - 7.5% - 0.5% + 1.4% + 20.1% - 6.7% - 2.4% - 15.4% + 24.4% + 18.0% + 12.2% - 0.6% - 1.6% - 3.5% - 3.5% - 4.8% - 5.4% ---- 1.7% - 1.0% - 0.3% + 10.5% + 13.3% + 14.7% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,115 3,962 3,660 2,622 2,489 2,342 2,761 2,638 2,578 61 60 62 $184,226 $180,800 $182,557 $239,654 $239,444 $237,762
20,628 24,319 27,597 10,912 13,067 15,286 9,400 11,637 13,510 79 77 77 $187,500 $187,000 $187,000 $236,691 $237,188 $237,080
24,703 24,609 28,153 13,339 15,465 17,313 12,153 14,445 16,659 66 65 65 $188,725 $189,000 $189,589 $244,284 $245,417 $246,003
- 16.5% - 1.2% - 2.0% - 18.2% - 15.5% - 11.7% - 22.7% - 19.4% - 18.9% + 19.1% + 18.6% + 17.7% - 0.6% - 1.1% - 1.4% - 3.1% - 3.4% - 3.6%
23,167 26,317 29,977 14,096 16,585 18,927 12,751 15,389 17,967 66 65 65 $176,889 $177,562 $178,398 $231,251 $232,652 $233,386
--
--
--
--
--
96.1% 95.8% 95.5% 141 143 143
96.1% 95.8% 95.5%
95.0% 94.9% 94.9%
+ 1.2% + 0.9% + 0.7%
92.8% 93.0% 93.1%
--
--
--
--
--
--
--
--
--
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
14
Annual Review A free research tool from the Austin Board of REALTORS®
January through April
April Closed Sales
Days on Market Until Sale
30,292 26,890
26,890
22,060 22,060
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,435
+ 21.9%
+ 12.7%
2005
96.3% 2006
96.2%
2004
70
30,292
28,051
- 7.4%
- 20.0%
96.2%
96.8%
2007
2008
$184,000
$187,500
Median Sales Price
2004
+ 17.1%
96.8% 2007
2008
Percent of Original List Price Received at Sale
$171,500 $152,500
$160,000 96.2%
96.3%
96.8% 96.1% 94.3%
2004
+ 4.9%
+ 7.2%
+ 7.3%
+ 1.9%
2005
2006
2007
2008
2004
+ 0.1%
+ 0.5%
- 0.7%
- 1.8%
2005
2006
2007
2008
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
15
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