Austin Real Estate Market Statistics For Janurary 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 January 2009 January saw a dramatic drop-off in market activity compared to one year ago as the broader economic troubles rear their head in the Austin housing market. New listings declined by 23.0 percent from last January, posting 3,122 units. Pending sales fell by 31.6 percent to 1,461, and closed sales were down 41.2 percent to 844 units. Confirming this dynamic is rising market time (82 days in January, up 10.3 percent) and declining sales prices ($172,000, down 7.0 percent in January). Additionally, the Percent of Original List Price Received at Sale was 91.3, down 4.7 percent of the last two years. Fortunately, for potential buyers this means an improving affordability environment. The Housing Affordability Index (HAI) of 157 this January is up 8.8 percent from last year, which means a more accessible market for buyers.
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®
Entire Year
January 4,055
44,354
43,001
38,520
3,122
3,072
2007
2008
One Year Change:
One Year Change:
- 23.0%
- 13.2%
Two Year Change:
Two Year Change:
+ 1.6%
- 10.4%
2006
2009
2007
2008
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 January
Entire Year 30,033
2,137
2,062
30,033
2,137
2,062
27,289
27,289 22,536
22,536
1,461
1,461
One Year Change:
2007 2007
One Year Change:
-31.6%
-17.4%
Two Year Change:
Two Year Change:
-29.1%
2008 2008
2007 2006
2009 2009
-25.0%
2008 2007
2009 2008
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 January
Entire Year
1,644 1,644
30,293
30,293
1,435 1,435
28,049
28,049 22,380
22,380
844
844
2007
One Year Change:
- 41.2%
- 20.2%
Two Year Change:
Two Year Change:
- 48.7%
2008
2007
One Year Change:
2007 2006
2009
2008
2009
- 26.1%
2008 2007
2009 2008
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 January
Entire Year
82
82
74 74
68 68
67 67 59 59
2007 2007
One Year Change:
One Year Change:
+ 10.3%
+ 17.1%
Two Year Change:
Two Year Change:
+ 19.8%
2008 2008
57 57
2007 2006
2009 2009
+ 14.3%
2008 2007
2009 2008
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 January $174,500
$174,500
Entire Year
Figures do not take into account seller concessions.
$185,000
$185,000
$172,000
$171,500
$172,000
$184,000
$187,500
$184,000
$187,500
$171,500
One Year Change:
2007 2007
One Year Change:
- 7.0%
+ 1.9%
Two Year Change:
Two Year Change:
- 1.4%
2008 2008
2007 2006
2009 2009
+ 9.3%
2008 2007
2009 2008
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 January
$237,285
$237,285
Entire Year
$241,942
$241,942
Figures do not take into account seller concessions.
$246,419 $246,419
$229,800
$223,226
$243,885 $243,885
$229,800
$223,226
One Year Change:
2007 2007
One Year Change:
- 7.7%
- 1.0%
Two Year Change:
Two Year Change:
- 5.9%
2008 2008
2007 2006
2009 2009
+ 6.1%
2008 2007
2009 2008
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®
January
Entire Year
100.0%
100.0%
96.8%
95.8% 93.9%
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.
96.1% 94.3%
95.0%
91.3% 90.0%
90.0%
One Year Change: 85.0%
- 2.7%
One Year Change:
85.0%
- 1.8%
Two Year Change:
Two Year Change:
- 4.7% 80.0%
- 2.5%
80.0%
2007
2008
2009
2006
2007
2008
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
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
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 January 157 147
147
144
157 144
One Year Change:
+ 8.8% 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 Single-Family Condo-Townhouse
Previously Owned New Construction
7,071
2,050 1,823 1,579 1,443 1,058 788 1,670 1,062
253
582
437
366
241
259 88
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
15.9
28.5
21.7 18.3
17.6 8.8
5.6
5.3
13.4
7.1
6.8 5.1
5.7
5.2 4.5 5.0 4.6
Up to $125,000
All
Single-Family
9.0
8.1
Condo-Townhouse
5.7 3.4
3.6
$125,001 to $175,000
4.2
4.6
$175,001 to $250,000
5.9
9.9
6.6
$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
1,246
Previously Owned New Construction
1,001
Previously Owned New Construction 6.9 6.1
6.0
4.5
4.9
4.4
245 65 All
57 Single-Family
8 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,595
Previously Owned New Construction
1,407
Previously Owned New Construction 6.8 5.5
3.6
3.6
225
172
3.5
3.2
188 53
All
Single-Family
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
1,751
Previously Owned New Construction
1,497
Previously Owned New Construction 10.0
7.5
4.8
438
326
4.5
4.1
3.4
254 112
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
1,826 Previously Owned New Construction
1,593
Previously Owned New Construction
10.1
661
233
Single-Family
7.3
6.4
457
All
21.3
6.0
5.6
204
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
1,130 1,021
Previously Owned New Construction
Previously Owned New Construction
28.6
16.4
572 12.1
422 9.1
109
All
Single-Family
8.7
10.0
150
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
585
Previously Owned New Construction
552
Previously Owned New Construction
36.7
22.0
291 236
33 All
Single-Family
20.1
16.9
20.8
16.7
55
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®
January 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
Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan
This Year
Previous Year
Percent Change
5-Year Average
This Year Year-toDate
Previous Year Year-toDate
Percent Change
5-Year Year-toDate Average
2,324 1,941 3,122 1,212 1,155 1,461 1,071 1,385 844 76 81 82 $179,900 $179,900 $172,000 $229,648 $239,705 $223,226 10,733 10,564 10,294 92.7% 91.3% 91.3% 147 154 157 6.3 5.7 5.6
2,833 1,981 4,055 1,499 1,247 2,137 1,805 1,771 1,435 63 68 74 $184,000 $189,000 $185,000 $244,959 $250,709 $241,942 NA NA NA 94.0% 93.8% 93.9% 144 138 144 NA NA NA
- 18.0% - 2.0% - 23.0% - 19.1% - 7.4% - 31.6% - 40.7% - 21.8% - 41.2% + 21.3% + 19.5% + 10.3% - 2.2% - 4.8% - 7.0% - 6.3% - 4.4% - 7.7% ---- 1.4% - 2.6% - 2.7% + 2.5% + 11.4% + 8.8% ----
2,606 2,039 3,458 1,673 1,477 1,889 1,728 1,902 1,395 68 72 75 $169,490 $172,955 $168,685 $223,354 $227,709 $224,223
36,579 38,520 3,122 21,381 22,536 1,461 20,995 22,380 844 66 67 82 $188,000 $187,500 $172,000 $244,160 $243,885 $223,226
42,373 44,354 4,055 26,042 27,289 2,137 26,278 28,049 1,435 57 57 74 $183,217 $184,000 $185,000 $246,129 $246,419 $241,942
- 13.7% - 13.2% - 23.0% - 17.9% - 17.4% - 31.6% - 20.1% - 20.2% - 41.2% + 16.9% + 17.1% + 10.3% + 2.6% + 1.9% - 7.0% - 0.8% - 1.0% - 7.7%
39,547 41,586 3,458 24,427 25,904 1,889 24,029 25,931 1,395 63 64 75 $170,936 $171,100 $168,685 $224,864 $225,086 $224,223
--
--
--
--
--
94.8% 94.5% 94.4% 153 151 154
94.8% 94.5% 94.4%
96.2% 96.1% 93.9%
- 1.5% - 1.6% + 0.5%
94.5% 94.3% 91.3%
--
--
--
--
--
--
--
--
--
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
22,042 22,042
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.8%
- 2.4%
2005
96.3% 2006
22,380
+ 22.0%
+ 12.6%
2005
96.3% 2006
96.2%
2004
70
30,293
28,049
- 7.4%
- 20.2%
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 January 2009 January saw a dramatic drop-off in market activity compared to one year ago as the broader economic troubles rear their head in the Austin housing market. New listings declined by 23.0 percent from last January, posting 3,122 units. Pending sales fell by 31.6 percent to 1,461, and closed sales were down 41.2 percent to 844 units. Confirming this dynamic is rising market time (82 days in January, up 10.3 percent) and declining sales prices ($172,000, down 7.0 percent in January). Additionally, the Percent of Original List Price Received at Sale was 91.3, down 4.7 percent of the last two years. Fortunately, for potential buyers this means an improving affordability environment. The Housing Affordability Index (HAI) of 157 this January is up 8.8 percent from last year, which means a more accessible market for buyers.
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®
Entire Year
January 4,055
44,354
43,001
38,520
3,122
3,072
2007
2008
One Year Change:
One Year Change:
- 23.0%
- 13.2%
Two Year Change:
Two Year Change:
+ 1.6%
- 10.4%
2006
2009
2007
2008
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 January
Entire Year 30,033
2,137
2,062
30,033
2,137
2,062
27,289
27,289 22,536
22,536
1,461
1,461
One Year Change:
2007 2007
One Year Change:
-31.6%
-17.4%
Two Year Change:
Two Year Change:
-29.1%
2008 2008
2007 2006
2009 2009
-25.0%
2008 2007
2009 2008
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 January
Entire Year
1,644 1,644
30,293
30,293
1,435 1,435
28,049
28,049 22,380
22,380
844
844
2007
One Year Change:
- 41.2%
- 20.2%
Two Year Change:
Two Year Change:
- 48.7%
2008
2007
One Year Change:
2007 2006
2009
2008
2009
- 26.1%
2008 2007
2009 2008
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 January
Entire Year
82
82
74 74
68 68
67 67 59 59
2007 2007
One Year Change:
One Year Change:
+ 10.3%
+ 17.1%
Two Year Change:
Two Year Change:
+ 19.8%
2008 2008
57 57
2007 2006
2009 2009
+ 14.3%
2008 2007
2009 2008
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 January $174,500
$174,500
Entire Year
Figures do not take into account seller concessions.
$185,000
$185,000
$172,000
$171,500
$172,000
$184,000
$187,500
$184,000
$187,500
$171,500
One Year Change:
2007 2007
One Year Change:
- 7.0%
+ 1.9%
Two Year Change:
Two Year Change:
- 1.4%
2008 2008
2007 2006
2009 2009
+ 9.3%
2008 2007
2009 2008
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 January
$237,285
$237,285
Entire Year
$241,942
$241,942
Figures do not take into account seller concessions.
$246,419 $246,419
$229,800
$223,226
$243,885 $243,885
$229,800
$223,226
One Year Change:
2007 2007
One Year Change:
- 7.7%
- 1.0%
Two Year Change:
Two Year Change:
- 5.9%
2008 2008
2007 2006
2009 2009
+ 6.1%
2008 2007
2009 2008
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®
January
Entire Year
100.0%
100.0%
96.8%
95.8% 93.9%
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.
96.1% 94.3%
95.0%
91.3% 90.0%
90.0%
One Year Change: 85.0%
- 2.7%
One Year Change:
85.0%
- 1.8%
Two Year Change:
Two Year Change:
- 4.7% 80.0%
- 2.5%
80.0%
2007
2008
2009
2006
2007
2008
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
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Jan-08
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 January 157 147
147
144
157 144
One Year Change:
+ 8.8% 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 Single-Family Condo-Townhouse
Previously Owned New Construction
7,071
2,050 1,823 1,579 1,443 1,058 788 1,670 1,062
253
582
437
366
241
259 88
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
15.9
28.5
21.7 18.3
17.6 8.8
5.6
5.3
13.4
7.1
6.8 5.1
5.7
5.2 4.5 5.0 4.6
Up to $125,000
All
Single-Family
9.0
8.1
Condo-Townhouse
5.7 3.4
3.6
$125,001 to $175,000
4.2
4.6
$175,001 to $250,000
5.9
9.9
6.6
$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
1,246
Previously Owned New Construction
1,001
Previously Owned New Construction 6.9 6.1
6.0
4.5
4.9
4.4
245 65 All
57 Single-Family
8 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,595
Previously Owned New Construction
1,407
Previously Owned New Construction 6.8 5.5
3.6
3.6
225
172
3.5
3.2
188 53
All
Single-Family
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
1,751
Previously Owned New Construction
1,497
Previously Owned New Construction 10.0
7.5
4.8
438
326
4.5
4.1
3.4
254 112
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
1,826 Previously Owned New Construction
1,593
Previously Owned New Construction
10.1
661
233
Single-Family
7.3
6.4
457
All
21.3
6.0
5.6
204
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
1,130 1,021
Previously Owned New Construction
Previously Owned New Construction
28.6
16.4
572 12.1
422 9.1
109
All
Single-Family
8.7
10.0
150
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
585
Previously Owned New Construction
552
Previously Owned New Construction
36.7
22.0
291 236
33 All
Single-Family
20.1
16.9
20.8
16.7
55
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®
January 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
Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan Nov Dec Jan
This Year
Previous Year
Percent Change
5-Year Average
This Year Year-toDate
Previous Year Year-toDate
Percent Change
5-Year Year-toDate Average
2,324 1,941 3,122 1,212 1,155 1,461 1,071 1,385 844 76 81 82 $179,900 $179,900 $172,000 $229,648 $239,705 $223,226 10,733 10,564 10,294 92.7% 91.3% 91.3% 147 154 157 6.3 5.7 5.6
2,833 1,981 4,055 1,499 1,247 2,137 1,805 1,771 1,435 63 68 74 $184,000 $189,000 $185,000 $244,959 $250,709 $241,942 NA NA NA 94.0% 93.8% 93.9% 144 138 144 NA NA NA
- 18.0% - 2.0% - 23.0% - 19.1% - 7.4% - 31.6% - 40.7% - 21.8% - 41.2% + 21.3% + 19.5% + 10.3% - 2.2% - 4.8% - 7.0% - 6.3% - 4.4% - 7.7% ---- 1.4% - 2.6% - 2.7% + 2.5% + 11.4% + 8.8% ----
2,606 2,039 3,458 1,673 1,477 1,889 1,728 1,902 1,395 68 72 75 $169,490 $172,955 $168,685 $223,354 $227,709 $224,223
36,579 38,520 3,122 21,381 22,536 1,461 20,995 22,380 844 66 67 82 $188,000 $187,500 $172,000 $244,160 $243,885 $223,226
42,373 44,354 4,055 26,042 27,289 2,137 26,278 28,049 1,435 57 57 74 $183,217 $184,000 $185,000 $246,129 $246,419 $241,942
- 13.7% - 13.2% - 23.0% - 17.9% - 17.4% - 31.6% - 20.1% - 20.2% - 41.2% + 16.9% + 17.1% + 10.3% + 2.6% + 1.9% - 7.0% - 0.8% - 1.0% - 7.7%
39,547 41,586 3,458 24,427 25,904 1,889 24,029 25,931 1,395 63 64 75 $170,936 $171,100 $168,685 $224,864 $225,086 $224,223
--
--
--
--
--
94.8% 94.5% 94.4% 153 151 154
94.8% 94.5% 94.4%
96.2% 96.1% 93.9%
- 1.5% - 1.6% + 0.5%
94.5% 94.3% 91.3%
--
--
--
--
--
--
--
--
--
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
22,042 22,042
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.8%
- 2.4%
2005
96.3% 2006
22,380
+ 22.0%
+ 12.6%
2005
96.3% 2006
96.2%
2004
70
30,293
28,049
- 7.4%
- 20.2%
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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