Austin Real Estate Market Statistics For February 2009
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Austin Real Estate Market Statistics For February 2009 as PDF for free.
More details
- Words: 2,158
- Pages: 15
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 February 2009 New listings are beginning their annual post-winter rise, but were 15.7 lower in February than during the same month last year, posting 3,061 units for the month. Pending sales are a different story, down 23.2 percent from last February to 1,547 sales. Year to date, prices are relatively even with where they were last year. The median sales price to date is $181,500, which is 0.3 percent behind last year’s mark of $182,025. Despite this holding pattern in prices, affordability in the Austin region has improved thanks to plunging mortgage rates. The Housing Affordability Index currently sits at 148, which is up 4.5 percent from last year at this time. And although the Days on Market Until Sale has increased precipitously (17 percent over last year, to 83), the HAI for Austin has actually increased, to 148 (4.5 percent over last February). The market is still relatively balanced between buyers and sellers at 6.0 months of supply. Low interest rates and the recent announcement of an $8,000 tax credit for first-time home buyers could help offset declines in sales brought about by the national recession.
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
February 3,630
3,390
7,685 3,061
6,462
2007
2008
6,192
One Year Change:
One Year Change:
- 15.7%
- 19.4%
Two Year Change:
Two Year Change:
- 9.7%
- 4.2%
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 February
Year to Date 4,467
4,467
2,405
4,150
4,150
2,405 2,014
2,014
2,919
2,919
1,547
1,547
One Year Change:
2007 2007
One Year Change:
-23.2%
-29.7%
Two Year Change:
Two Year Change:
-35.7%
2008 2008
2007 2007
2009 2009
-34.7%
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
April February
Year to Date
1,904
1,904
3,548
1,705
3,548
1,705
3,140
3,140
1,101
1,101
1,979
1,979
2007
One Year Change:
- 35.4%
- 37.0%
Two Year Change:
Two Year Change:
- 42.2%
2008
2007
One Year Change:
2007 2007
2009
2008
2009
- 44.2%
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®
January through April
April February
Year to Date
83
83 83
83
71 71
72 72 66 66
64 64
2007 2007
One Year Change:
One Year Change:
+ 17.0%
+ 14.4%
Two Year Change:
Two Year Change:
+ 29.8%
2008 2008
2007 2007
2009 2009
+ 25.6%
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 February $177,000
$177,000
$187,050
$180,000
Year to Date
$187,050
$180,000
Figures do not take into account seller concessions.
$175,000
$175,000
$182,025
$181,500
$182,025
$181,500
One Year Change:
2007 2007
One Year Change:
+ 3.9%
- 0.3%
Two Year Change:
Two Year Change:
+ 5.7%
2008 2008
2007 2007
2009 2009
+ 3.7%
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 February
Year to Date
Figures do not take into account seller concessions.
$236,337 $236,337
$235,058 $235,058
$233,135
$233,135
$232,422 $232,422
$239,339
$239,339
$231,620
$231,620
One Year Change:
2007 2007
One Year Change:
+ 3.3%
- 1.7%
Two Year Change:
Two Year Change:
+ 2.7%
2008 2008
2007 2007
2009 2009
- 1.1%
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®
February
Year to Date
100.0%
100.0%
96.6%
96.2%
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.
94.2%
95.0%
91.6% 90.0%
91.4% 90.0%
One Year Change: 85.0%
- 3.0%
One Year Change:
85.0%
- 2.9%
Two Year Change:
Two Year Change:
- 5.1% 80.0%
- 5.0%
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 February 147
147
148
141
148
141
One Year Change:
+ 4.5% Two Year Change:
+ 0.3%
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 7,364
Single-Family Condo-Townhouse
Previously Owned New Construction
2,151 1,861 1,582
1,506
1,070 816 1,622 1,025
243
537
392
353
244
264 66
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
16.1
26.4
26.0
19.9
19.5 9.1 7.0 5.8
13.2
7.4 6.0
5.7
5.9
5.7 4.6 5.1 4.7
Up to $125,000
All
Single-Family
9.9
8.8
Condo-Townhouse
6.0 3.7
3.9
$125,001 to $175,000
4.7
5.1
$175,001 to $250,000
6.6
10.9
7.1
$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
1,247
Previously Owned New Construction
1,010
Previously Owned New Construction
6.5
6.1
6.1
4.7
5.1
4.6
237 66 All
60 Single-Family
6 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,586
Previously Owned New Construction
1,403
Previously Owned New Construction
7.7
5.6 4.1
3.9
240
All
179
Single-Family
183
3.7
3.5
61
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
1,800
Previously Owned New Construction
1,556
Previously Owned New Construction
10.7
8.1
5.3
5.0
4.3
414
All
305
Single-Family
244
3.5
109 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply Previously Owned New Construction
1,961
Previously Owned New Construction
17.3
1,726 11.4 7.3
582
5.4
425 235
All
6.9
6.7
Single-Family
157
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
1,183
Previously Owned New Construction
1,082
Previously Owned New Construction
39.1
587 16.8
424
13.1 10.1
101
All
Single-Family
9.7
10.4
163
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
612
587
Previously Owned New Construction
Previously Owned New Construction
37.8
22.8
270
21.3 17.6
229
25 All
18.9
18.8
Single-Family
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®
February 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
Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb
2008
2007
Percent Change
1,941 3,131 3,061 1,137 1,372 1,547 1,402 878 1,101 81 83 83 $179,900 $174,000 $187,050 $240,749 $223,748 $239,339 10,866 10,822 10,754 91.4% 91.3% 91.6% 154 156 148 5.7 5.8 6.0
1,981 4,055 3,630 1,247 2,136 2,014 1,771 1,435 1,705 68 74 71 $189,000 $185,000 $180,000 $250,709 $241,942 $231,620 NA NA NA 93.8% 93.9% 94.4% 138 144 141 NA NA NA
- 2.0% - 22.8% - 15.7% - 8.8% - 35.8% - 23.2% - 20.8% - 38.8% - 35.4% + 19.8% + 11.4% + 17.0% - 4.8% - 5.9% + 3.9% - 4.0% - 7.5% + 3.3% ---- 2.6% - 2.8% - 3.0% + 11.4% + 7.8% + 4.5% ----
5-Year Average
2008 Year-toDate
2007 Year-toDate
Percent Change
5-Year Year-toDate Average
2,039 3,459 3,308 1,473 1,871 2,035 1,906 1,402 1,643 72 75 72 $172,955 $169,085 $173,060 $227,918 $224,327 $223,158
38,520 3,131 6,192 22,483 1,372 2,919 22,414 878 1,979 67 83 83 $187,500 $174,000 $181,500 $243,913 $223,748 $232,422
44,354 4,055 7,685 27,288 2,136 4,150 28,049 1,435 3,140 57 74 72 $184,000 $185,000 $182,025 $246,419 $241,942 $236,337
- 13.2% - 22.8% - 19.4% - 17.6% - 35.8% - 29.7% - 20.1% - 38.8% - 37.0% + 17.1% + 11.4% + 14.4% + 1.9% - 5.9% - 0.3% - 1.0% - 7.5% - 1.7%
41,586 3,459 6,767 25,893 1,871 3,907 25,938 1,402 3,045 64 75 73 $171,100 $169,085 $171,157 $225,091 $224,327 $223,752
--
--
--
--
--
94.5% 94.3% 94.9% 151 154 149
94.5% 94.3% 94.9%
96.1% 93.9% 94.2%
- 1.6% + 0.5% + 0.8%
94.3% 91.3% 91.4%
--
--
--
--
--
--
--
--
--
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
30,293 26,892
26,892
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.8%
- 2.4%
2005
96.3% 2006
22,414
+ 22.0%
+ 12.6%
2005
96.3% 2006
96.2%
2004
70
30,293
28,049
- 7.4%
- 20.1%
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 February 2009 New listings are beginning their annual post-winter rise, but were 15.7 lower in February than during the same month last year, posting 3,061 units for the month. Pending sales are a different story, down 23.2 percent from last February to 1,547 sales. Year to date, prices are relatively even with where they were last year. The median sales price to date is $181,500, which is 0.3 percent behind last year’s mark of $182,025. Despite this holding pattern in prices, affordability in the Austin region has improved thanks to plunging mortgage rates. The Housing Affordability Index currently sits at 148, which is up 4.5 percent from last year at this time. And although the Days on Market Until Sale has increased precipitously (17 percent over last year, to 83), the HAI for Austin has actually increased, to 148 (4.5 percent over last February). The market is still relatively balanced between buyers and sellers at 6.0 months of supply. Low interest rates and the recent announcement of an $8,000 tax credit for first-time home buyers could help offset declines in sales brought about by the national recession.
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
February 3,630
3,390
7,685 3,061
6,462
2007
2008
6,192
One Year Change:
One Year Change:
- 15.7%
- 19.4%
Two Year Change:
Two Year Change:
- 9.7%
- 4.2%
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 February
Year to Date 4,467
4,467
2,405
4,150
4,150
2,405 2,014
2,014
2,919
2,919
1,547
1,547
One Year Change:
2007 2007
One Year Change:
-23.2%
-29.7%
Two Year Change:
Two Year Change:
-35.7%
2008 2008
2007 2007
2009 2009
-34.7%
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
April February
Year to Date
1,904
1,904
3,548
1,705
3,548
1,705
3,140
3,140
1,101
1,101
1,979
1,979
2007
One Year Change:
- 35.4%
- 37.0%
Two Year Change:
Two Year Change:
- 42.2%
2008
2007
One Year Change:
2007 2007
2009
2008
2009
- 44.2%
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®
January through April
April February
Year to Date
83
83 83
83
71 71
72 72 66 66
64 64
2007 2007
One Year Change:
One Year Change:
+ 17.0%
+ 14.4%
Two Year Change:
Two Year Change:
+ 29.8%
2008 2008
2007 2007
2009 2009
+ 25.6%
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 February $177,000
$177,000
$187,050
$180,000
Year to Date
$187,050
$180,000
Figures do not take into account seller concessions.
$175,000
$175,000
$182,025
$181,500
$182,025
$181,500
One Year Change:
2007 2007
One Year Change:
+ 3.9%
- 0.3%
Two Year Change:
Two Year Change:
+ 5.7%
2008 2008
2007 2007
2009 2009
+ 3.7%
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 February
Year to Date
Figures do not take into account seller concessions.
$236,337 $236,337
$235,058 $235,058
$233,135
$233,135
$232,422 $232,422
$239,339
$239,339
$231,620
$231,620
One Year Change:
2007 2007
One Year Change:
+ 3.3%
- 1.7%
Two Year Change:
Two Year Change:
+ 2.7%
2008 2008
2007 2007
2009 2009
- 1.1%
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®
February
Year to Date
100.0%
100.0%
96.6%
96.2%
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.
94.2%
95.0%
91.6% 90.0%
91.4% 90.0%
One Year Change: 85.0%
- 3.0%
One Year Change:
85.0%
- 2.9%
Two Year Change:
Two Year Change:
- 5.1% 80.0%
- 5.0%
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 February 147
147
148
141
148
141
One Year Change:
+ 4.5% Two Year Change:
+ 0.3%
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 7,364
Single-Family Condo-Townhouse
Previously Owned New Construction
2,151 1,861 1,582
1,506
1,070 816 1,622 1,025
243
537
392
353
244
264 66
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
16.1
26.4
26.0
19.9
19.5 9.1 7.0 5.8
13.2
7.4 6.0
5.7
5.9
5.7 4.6 5.1 4.7
Up to $125,000
All
Single-Family
9.9
8.8
Condo-Townhouse
6.0 3.7
3.9
$125,001 to $175,000
4.7
5.1
$175,001 to $250,000
6.6
10.9
7.1
$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
1,247
Previously Owned New Construction
1,010
Previously Owned New Construction
6.5
6.1
6.1
4.7
5.1
4.6
237 66 All
60 Single-Family
6 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,586
Previously Owned New Construction
1,403
Previously Owned New Construction
7.7
5.6 4.1
3.9
240
All
179
Single-Family
183
3.7
3.5
61
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
1,800
Previously Owned New Construction
1,556
Previously Owned New Construction
10.7
8.1
5.3
5.0
4.3
414
All
305
Single-Family
244
3.5
109 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply Previously Owned New Construction
1,961
Previously Owned New Construction
17.3
1,726 11.4 7.3
582
5.4
425 235
All
6.9
6.7
Single-Family
157
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
1,183
Previously Owned New Construction
1,082
Previously Owned New Construction
39.1
587 16.8
424
13.1 10.1
101
All
Single-Family
9.7
10.4
163
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
612
587
Previously Owned New Construction
Previously Owned New Construction
37.8
22.8
270
21.3 17.6
229
25 All
18.9
18.8
Single-Family
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®
February 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
Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb Dec Jan Feb
2008
2007
Percent Change
1,941 3,131 3,061 1,137 1,372 1,547 1,402 878 1,101 81 83 83 $179,900 $174,000 $187,050 $240,749 $223,748 $239,339 10,866 10,822 10,754 91.4% 91.3% 91.6% 154 156 148 5.7 5.8 6.0
1,981 4,055 3,630 1,247 2,136 2,014 1,771 1,435 1,705 68 74 71 $189,000 $185,000 $180,000 $250,709 $241,942 $231,620 NA NA NA 93.8% 93.9% 94.4% 138 144 141 NA NA NA
- 2.0% - 22.8% - 15.7% - 8.8% - 35.8% - 23.2% - 20.8% - 38.8% - 35.4% + 19.8% + 11.4% + 17.0% - 4.8% - 5.9% + 3.9% - 4.0% - 7.5% + 3.3% ---- 2.6% - 2.8% - 3.0% + 11.4% + 7.8% + 4.5% ----
5-Year Average
2008 Year-toDate
2007 Year-toDate
Percent Change
5-Year Year-toDate Average
2,039 3,459 3,308 1,473 1,871 2,035 1,906 1,402 1,643 72 75 72 $172,955 $169,085 $173,060 $227,918 $224,327 $223,158
38,520 3,131 6,192 22,483 1,372 2,919 22,414 878 1,979 67 83 83 $187,500 $174,000 $181,500 $243,913 $223,748 $232,422
44,354 4,055 7,685 27,288 2,136 4,150 28,049 1,435 3,140 57 74 72 $184,000 $185,000 $182,025 $246,419 $241,942 $236,337
- 13.2% - 22.8% - 19.4% - 17.6% - 35.8% - 29.7% - 20.1% - 38.8% - 37.0% + 17.1% + 11.4% + 14.4% + 1.9% - 5.9% - 0.3% - 1.0% - 7.5% - 1.7%
41,586 3,459 6,767 25,893 1,871 3,907 25,938 1,402 3,045 64 75 73 $171,100 $169,085 $171,157 $225,091 $224,327 $223,752
--
--
--
--
--
94.5% 94.3% 94.9% 151 154 149
94.5% 94.3% 94.9%
96.1% 93.9% 94.2%
- 1.6% + 0.5% + 0.8%
94.3% 91.3% 91.4%
--
--
--
--
--
--
--
--
--
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
30,293 26,892
26,892
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.8%
- 2.4%
2005
96.3% 2006
22,414
+ 22.0%
+ 12.6%
2005
96.3% 2006
96.2%
2004
70
30,293
28,049
- 7.4%
- 20.1%
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
Related Documents
Austin Real Estate Market Statistics Aug 2009
June 2020 4
More Documents from "Daniel Price"
Market Inventory - Steiner Ranch - Nov 17 2009
June 2020 2