Austin Real Estate Market Statistics For April 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 April 2009 Despite historically low mortgage rates and improving home affordability, sales in the Austin housing market remain slow in 2009. For the month of April there were 2,128 pending sales, down 9.0 percent from last April. With sales in decline, homes are taking longer to sell. The Average Days on Market Until Sale increased in April to 76, up 19.4 percent from April 2008. Sellers are also receiving less compared to their asking prices, as the Percent of Original List Price Received at Sale decreased to 92.9 percent, down 2.6 percent from last year. The Housing Affordability Index is at its healthiest point since 2005 at 155 thanks to soft prices and attractive rates. This means that the median consumer income in the Austin area is 155 percent of what's necessary to qualify for the median priced home.
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
April 4,428
4,396
16,273 15,090
2007
2008
3,628
13,497
One Year Change:
One Year Change:
- 18.1%
- 17.1%
Two Year Change:
Two Year Change:
- 17.5%
- 10.6%
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
AprilApril
Year to Date 10,161
2,887
10,161
2,887
8,799
8,799
2,339 2,128
2,339
6,802
2,128
6,802
One Year Change:
One Year Change:
-9.0%
-22.7%
Two Year Change:
Two Year Change:
-26.3%
2007 2007
2008 2008
-33.1%
2007 2007
2009 2009
2008 2008
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
AprilApril
Year to Date 8,717
2,567
8,717
2,567
7,379
2,191
2,191
7,379 1,586
5,139
1,586
5,139
One Year Change:
One Year Change:
- 27.6%
- 30.4%
Two Year Change:
Two Year Change:
- 38.2%
2007
2007
2008
2009
2008
2009
- 41.0%
2007 2007
2008 2008
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®
April April
76
January through April
Year to Date
76
81 81
64 64
69 69
55 55
61 61
One Year Change:
One Year Change:
+ 19.4%
+ 17.0%
Two Year Change:
Two Year Change:
+ 38.7%
2007 2007
2008 2008
+ 33.1%
2007 2007
2009 2009
2008 2008
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 April
Year to Date
$182,000
$182,000
$185,562
$185,000
$185,562
$185,000
$177,500
$177,500
Figures do not take into account seller concessions.
$185,000
$180,983
$185,000
$180,983
One Year Change:
One Year Change:
- 0.3%
- 2.2%
Two Year Change:
Two Year Change:
+ 1.6%
2007 2007
2008 2008
+ 2.0%
2007 2007
2009 2009
2008 2008
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 April
Year to Date
$243,877
$238,074
$243,877
$238,074
$239,616
$237,411
$239,616
$227,756
$227,756
Figures do not take into account seller concessions.
$237,411
One Year Change:
One Year Change:
- 4.3%
- 3.5%
Two Year Change:
Two Year Change:
- 6.6%
2007 2007
2008 2008
$229,169
$229,169
- 4.4%
2007 2007
2009 2009
2008 2008
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®
April
Year to Date
100.0%
100.0%
97.1%
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.
96.6%
95.4% 95.0%
94.6%
95.0%
92.9%
92.1%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 2.6%
- 2.6%
Two Year Change:
Two Year Change:
- 4.3%
- 4.7%
80.0%
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® 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.
April April 154 144
144
154
139
139
One Year Change:
+ 11.2% Two Year Change:
+ 7.3%
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 8,474
Single-Family Condo-Townhouse
Previously Owned New Construction 2,406 2,013
1,838 1,662
1,031
1,027 1,503
1,212
414
395
301
280
477
237 62
Single-Family
Condo-Townhouse
Up to $125,000
$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 Previously Owned New Construction All
Single-Family Condo-Townhouse All
18.2
43.8
11.6
28.7
10.1 7.0
6.7
6.9
18.5
6.7
6.5 5.6 6.2
8.4 4.8
Up to $125,000
Single-Family
12.6
11.9 4.5
All
26.0
25.4
Condo-Townhouse
4.1
4.4
$125,001 to $175,000
5.2
5.7
$175,001 to $250,000
7.5
13.4
8.2
$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
1,235
Previously Owned New Construction
Previously Owned New Construction 13.5
964
7.4
7.0 6.1
4.7
4.4
271 72 All
63 Single-Family
9 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,752
Previously Owned New Construction
1,508
Previously Owned New Construction 8.6 7.5
4.5
4.2
3.8
3.2
211
All
154
Single-Family
244 57 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
2,029
Previously Owned New Construction 13.4
1,718
11.6
6.1
5.6 4.3
379
295
3.6
311 84
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,304 Previously Owned New Construction
2,035
Previously Owned New Construction 19.3 18.1
9.0
8.4 6.0
516 371
All
Single-Family
269
4.7
145
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
1,549
Previously Owned New Construction
1,453
Previously Owned New Construction
40.3
20.2
526
13.9
9.7
96 All
Single-Family
13.6
12.2
385 141
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
817
796 Previously Owned New Construction
276
26.1
61.5
26.0
25.7
235
21 All
Previously Owned New Construction
Single-Family
28.0 23.3
41
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 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
April 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
Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr
2009
2008
Percent Change
3,066 3,663 3,628 1,421 1,916 2,128 1,176 1,473 1,586 84 83 76 $187,900 $180,000 $185,000 $236,750 $228,126 $227,756 11,852 11,840 11,598 91.7% 92.2% 92.9% 147 157 154 6.3 6.8 6.9
3,630 4,160 4,428 2,014 2,310 2,339 1,705 2,048 2,191 71 70 64 $180,000 $188,000 $185,562 $231,620 $238,347 $238,074 NA NA NA 94.4% 94.4% 95.4% 141 138 139 NA NA NA
- 15.5% - 11.9% - 18.1% - 29.4% - 17.1% - 9.0% - 31.0% - 28.1% - 27.6% + 17.8% + 18.9% + 19.4% + 4.4% - 4.3% - 0.3% + 2.2% - 4.3% - 4.3% ---- 2.9% - 2.3% - 2.6% + 4.1% + 13.1% + 11.2% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
3,309 4,012 4,137 2,010 2,460 2,523 1,658 2,178 2,186 72 71 64 $173,230 $172,500 $176,312 $222,641 $226,565 $227,825
6,206 9,869 13,497 2,758 4,674 6,802 2,080 3,553 5,139 83 83 81 $181,500 $180,000 $180,983 $230,986 $229,800 $229,169
7,685 11,845 16,273 4,150 6,460 8,799 3,140 5,188 7,379 72 71 69 $182,025 $184,925 $185,000 $236,337 $237,131 $237,411
- 19.2% - 16.7% - 17.1% - 33.5% - 27.6% - 22.7% - 33.8% - 31.5% - 30.4% + 14.6% + 16.3% + 17.0% - 0.3% - 2.7% - 2.2% - 2.3% - 3.1% - 3.5%
6,770 10,782 14,919 3,874 6,334 8,858 3,065 5,243 7,429 73 72 70 $171,157 $171,585 $172,907 $223,464 $224,762 $225,646
--
--
--
--
--
94.9% 95.3% 95.8% 149 152 149
94.9% 95.3% 95.8%
94.2% 94.3% 94.6%
+ 0.8% + 1.0% + 1.2%
91.5% 91.8% 92.1%
--
--
--
--
--
--
--
--
--
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
26,891
26,891
28,050
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,430
+ 22.0%
+ 12.6%
2005
96.3% 2006
96.2%
2004
70
30,292
30,292
- 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 96.8% 96.2%
96.3%
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 April 2009 Despite historically low mortgage rates and improving home affordability, sales in the Austin housing market remain slow in 2009. For the month of April there were 2,128 pending sales, down 9.0 percent from last April. With sales in decline, homes are taking longer to sell. The Average Days on Market Until Sale increased in April to 76, up 19.4 percent from April 2008. Sellers are also receiving less compared to their asking prices, as the Percent of Original List Price Received at Sale decreased to 92.9 percent, down 2.6 percent from last year. The Housing Affordability Index is at its healthiest point since 2005 at 155 thanks to soft prices and attractive rates. This means that the median consumer income in the Austin area is 155 percent of what's necessary to qualify for the median priced home.
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
April 4,428
4,396
16,273 15,090
2007
2008
3,628
13,497
One Year Change:
One Year Change:
- 18.1%
- 17.1%
Two Year Change:
Two Year Change:
- 17.5%
- 10.6%
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
AprilApril
Year to Date 10,161
2,887
10,161
2,887
8,799
8,799
2,339 2,128
2,339
6,802
2,128
6,802
One Year Change:
One Year Change:
-9.0%
-22.7%
Two Year Change:
Two Year Change:
-26.3%
2007 2007
2008 2008
-33.1%
2007 2007
2009 2009
2008 2008
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
AprilApril
Year to Date 8,717
2,567
8,717
2,567
7,379
2,191
2,191
7,379 1,586
5,139
1,586
5,139
One Year Change:
One Year Change:
- 27.6%
- 30.4%
Two Year Change:
Two Year Change:
- 38.2%
2007
2007
2008
2009
2008
2009
- 41.0%
2007 2007
2008 2008
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®
April April
76
January through April
Year to Date
76
81 81
64 64
69 69
55 55
61 61
One Year Change:
One Year Change:
+ 19.4%
+ 17.0%
Two Year Change:
Two Year Change:
+ 38.7%
2007 2007
2008 2008
+ 33.1%
2007 2007
2009 2009
2008 2008
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 April
Year to Date
$182,000
$182,000
$185,562
$185,000
$185,562
$185,000
$177,500
$177,500
Figures do not take into account seller concessions.
$185,000
$180,983
$185,000
$180,983
One Year Change:
One Year Change:
- 0.3%
- 2.2%
Two Year Change:
Two Year Change:
+ 1.6%
2007 2007
2008 2008
+ 2.0%
2007 2007
2009 2009
2008 2008
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 April
Year to Date
$243,877
$238,074
$243,877
$238,074
$239,616
$237,411
$239,616
$227,756
$227,756
Figures do not take into account seller concessions.
$237,411
One Year Change:
One Year Change:
- 4.3%
- 3.5%
Two Year Change:
Two Year Change:
- 6.6%
2007 2007
2008 2008
$229,169
$229,169
- 4.4%
2007 2007
2009 2009
2008 2008
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®
April
Year to Date
100.0%
100.0%
97.1%
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.
96.6%
95.4% 95.0%
94.6%
95.0%
92.9%
92.1%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 2.6%
- 2.6%
Two Year Change:
Two Year Change:
- 4.3%
- 4.7%
80.0%
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® 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.
April April 154 144
144
154
139
139
One Year Change:
+ 11.2% Two Year Change:
+ 7.3%
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 8,474
Single-Family Condo-Townhouse
Previously Owned New Construction 2,406 2,013
1,838 1,662
1,031
1,027 1,503
1,212
414
395
301
280
477
237 62
Single-Family
Condo-Townhouse
Up to $125,000
$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 Previously Owned New Construction All
Single-Family Condo-Townhouse All
18.2
43.8
11.6
28.7
10.1 7.0
6.7
6.9
18.5
6.7
6.5 5.6 6.2
8.4 4.8
Up to $125,000
Single-Family
12.6
11.9 4.5
All
26.0
25.4
Condo-Townhouse
4.1
4.4
$125,001 to $175,000
5.2
5.7
$175,001 to $250,000
7.5
13.4
8.2
$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
1,235
Previously Owned New Construction
Previously Owned New Construction 13.5
964
7.4
7.0 6.1
4.7
4.4
271 72 All
63 Single-Family
9 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,752
Previously Owned New Construction
1,508
Previously Owned New Construction 8.6 7.5
4.5
4.2
3.8
3.2
211
All
154
Single-Family
244 57 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
2,029
Previously Owned New Construction 13.4
1,718
11.6
6.1
5.6 4.3
379
295
3.6
311 84
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,304 Previously Owned New Construction
2,035
Previously Owned New Construction 19.3 18.1
9.0
8.4 6.0
516 371
All
Single-Family
269
4.7
145
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
1,549
Previously Owned New Construction
1,453
Previously Owned New Construction
40.3
20.2
526
13.9
9.7
96 All
Single-Family
13.6
12.2
385 141
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
817
796 Previously Owned New Construction
276
26.1
61.5
26.0
25.7
235
21 All
Previously Owned New Construction
Single-Family
28.0 23.3
41
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 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
April 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
Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr Feb Mar Apr
2009
2008
Percent Change
3,066 3,663 3,628 1,421 1,916 2,128 1,176 1,473 1,586 84 83 76 $187,900 $180,000 $185,000 $236,750 $228,126 $227,756 11,852 11,840 11,598 91.7% 92.2% 92.9% 147 157 154 6.3 6.8 6.9
3,630 4,160 4,428 2,014 2,310 2,339 1,705 2,048 2,191 71 70 64 $180,000 $188,000 $185,562 $231,620 $238,347 $238,074 NA NA NA 94.4% 94.4% 95.4% 141 138 139 NA NA NA
- 15.5% - 11.9% - 18.1% - 29.4% - 17.1% - 9.0% - 31.0% - 28.1% - 27.6% + 17.8% + 18.9% + 19.4% + 4.4% - 4.3% - 0.3% + 2.2% - 4.3% - 4.3% ---- 2.9% - 2.3% - 2.6% + 4.1% + 13.1% + 11.2% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
3,309 4,012 4,137 2,010 2,460 2,523 1,658 2,178 2,186 72 71 64 $173,230 $172,500 $176,312 $222,641 $226,565 $227,825
6,206 9,869 13,497 2,758 4,674 6,802 2,080 3,553 5,139 83 83 81 $181,500 $180,000 $180,983 $230,986 $229,800 $229,169
7,685 11,845 16,273 4,150 6,460 8,799 3,140 5,188 7,379 72 71 69 $182,025 $184,925 $185,000 $236,337 $237,131 $237,411
- 19.2% - 16.7% - 17.1% - 33.5% - 27.6% - 22.7% - 33.8% - 31.5% - 30.4% + 14.6% + 16.3% + 17.0% - 0.3% - 2.7% - 2.2% - 2.3% - 3.1% - 3.5%
6,770 10,782 14,919 3,874 6,334 8,858 3,065 5,243 7,429 73 72 70 $171,157 $171,585 $172,907 $223,464 $224,762 $225,646
--
--
--
--
--
94.9% 95.3% 95.8% 149 152 149
94.9% 95.3% 95.8%
94.2% 94.3% 94.6%
+ 0.8% + 1.0% + 1.2%
91.5% 91.8% 92.1%
--
--
--
--
--
--
--
--
--
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
26,891
26,891
28,050
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,430
+ 22.0%
+ 12.6%
2005
96.3% 2006
96.2%
2004
70
30,292
30,292
- 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 96.8% 96.2%
96.3%
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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