Austin Real Estate Market Statistics For July 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 July 2009 New listings in July 2009 for the Austin Board of REALTORS® have dropped to 3,686, a 6.9 percent decrease from July 2008. Pending sales have increased to 2,263, which is a decent 6.4 percent ahead of last year's mark. Closed sales, however, are down to 2,110, a decrease of 7.9 percent. Days on Market Until Sale, now at 72 days, continues to increase in year-over-year comparisons—up 18.4 percent over last year and 42.9 percent when compared to two years ago. The July median sales price is down a soft 1.3 percent from last year but has been generally flat for two years. Housing Affordability is down from its high earlier in the year but remains a healthy 149.
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
July 4,154
28,343
3,961
3,686
24,609
One Year Change:
One Year Change:
2007
2008
24,312
- 6.9%
- 1.2%
Two Year Change:
Two Year Change:
- 11.3%
- 14.2%
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
AprilJuly
Year to Date 18,644
18,644
2,678
2,678
15,465
2,263
2,126
15,465
2,263
2,126
13,225
13,225
One Year Change:
2007 2007
One Year Change:
6.4%
-14.5%
Two Year Change:
Two Year Change:
-15.5%
2008 2008
2007 2007
2009 2009
2008 2008
-29.1%
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
AprilJuly
Year to Date 17,775
17,775
2,958
2,958
14,444
14,444
2,292
2,292
2007
2,110
11,461
One Year Change:
One Year Change:
- 7.9%
- 20.7%
Two Year Change:
Two Year Change:
11,461
- 28.7%
2008
2007
2,110
2007 2007
2009
2008
2009
2008 2008
- 35.5%
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
AprilJuly
Year to Date
72
72
78 78
61 61
65 65
51 51
56 56
2007 2007
One Year Change:
One Year Change:
+ 18.4%
+ 18.7%
Two Year Change:
Two Year Change:
+ 42.9%
2008 2008
2007 2007
2009 2009
2008 2008
+ 39.2%
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
AprilJuly
$190,000
$188,000
$190,000
$188,000
Year to Date
$187,500
$182,810
$187,500
$182,810
Figures do not take into account seller concessions.
$189,000
$187,403
$189,000
$187,403
One Year Change:
2007 2007
One Year Change:
- 1.3%
- 0.8%
Two Year Change:
Two Year Change:
- 0.3%
2008 2008
2007 2007
2009 2009
2008 2008
+ 2.5%
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
AprilJuly
Year to Date
$251,423
$251,020
$251,423
$251,020
$245,082
$240,625
$245,082
$240,625
Figures do not take into account seller concessions.
$245,398
$245,398
One Year Change:
2007 2007
One Year Change:
- 4.3%
- 3.3%
Two Year Change:
Two Year Change:
- 4.1%
2008 2008
$237,304 $237,304
2007 2007
2009 2009
2008 2008
- 3.2%
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®
July
Year to Date
100.0%
100.0%
96.8%
96.5% 94.9% 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.
94.9%
94.0%
95.0%
90.0%
93.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 0.9%
- 2.1%
Two Year Change:
Two Year Change:
- 2.6% 80.0%
- 3.9%
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 July 149 134
134
132
149 132
One Year Change:
+ 13.0% Two Year Change:
+ 10.8%
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 9,436
Single-Family Condo-Townhouse
Previously Owned New Construction 2,462 2,185
1,902
1,863
1,289 1,078
1,343
1,254
316
431
Single-Family
391
383
295
230 70
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
18.1
52.5
39.4
11.8 10.5 7.7 6.5
7.5
7.5
7.1
18.4
5.4
Up to $125,000
Single-Family
13.5
12.7 5.4 6.7 5.6
All
30.4
29.6
Condo-Townhouse
4.6
7.9
4.9
$125,001 to $175,000
5.7
6.2
$175,001 to $250,000
7.9
14.5
8.6
$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
1,531
Previously Owned New Construction
Previously Owned New Construction
14.6
1,232
6.9 5.6
5.4
6.0
6.5
299 74 All
57 Single-Family
17 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply Previously Owned New Construction
1,956
Previously Owned New Construction
8.6
1,703
5.1 3.7
202
All
160
Single-Family
5.4
4.8 3.4
253 42 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
2,225
Previously Owned New Construction
1,904
Previously Owned New Construction
12.9 11.6
6.6
6.1 4.3
343
281
3.8
321 62
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply Previously Owned New Construction
2,410 2,141
Previously Owned New Construction 19.1 17.0
9.5
8.9 5.6
443
All
321
Single-Family
269
4.5
122
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
1,679
1,588
Previously Owned New Construction
Previously Owned New Construction 66.7
24.3
453 15.8
314 91 All
Single-Family
139
All
Condo-Townhouse
15.5
11.3
8.2
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
889
868
259
Previously Owned New Construction
Previously Owned New Construction 196.0
210 31.0
21 All
Single-Family
Condo-Townhouse
31.5
28.5
49 All
23.8
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
19.4
Condo-Townhouse 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
July 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
May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul
2009
2008
Percent Change
3,471 3,648 3,686 2,217 2,205 2,263 1,840 2,233 2,110 76 77 72 $190,100 $195,000 $187,500 $247,403 $245,555 $240,625 12,774 12,697 11,767 93.4% 93.7% 94.0% 145 143 149 7.7 7.7 7.6
4,342 4,088 3,961 2,356 2,189 2,126 2,352 2,421 2,292 61 61 61 $192,000 $196,000 $190,000 $255,391 $254,331 $251,423 NA NA NA 95.7% 95.3% 94.9% 134 129 132 NA NA NA
- 20.1% - 10.8% - 6.9% - 5.9% + 0.7% + 6.4% - 21.8% - 7.8% - 7.9% + 23.1% + 24.6% + 18.4% - 1.0% - 0.5% - 1.3% - 3.1% - 3.5% - 4.3% ---- 2.4% - 1.7% - 0.9% + 8.8% + 10.4% + 13.0% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,131 4,115 3,961 2,675 2,628 2,510 2,529 2,756 2,612 62 61 60 $178,934 $184,200 $180,900 $238,696 $239,586 $239,713
16,978 20,626 24,312 8,757 10,962 13,225 7,118 9,351 11,461 79 79 78 $185,000 $187,305 $187,403 $233,731 $236,555 $237,304
20,615 24,703 24,609 11,150 13,339 15,465 9,731 12,152 14,444 67 66 65 $186,500 $188,700 $189,000 $241,757 $244,262 $245,398
- 17.6% - 16.5% - 1.2% - 21.5% - 17.8% - 14.5% - 26.9% - 23.0% - 20.7% + 18.0% + 19.1% + 18.7% - 0.8% - 0.7% - 0.8% - 3.3% - 3.2% - 3.3%
19,052 23,166 26,316 11,478 14,106 16,617 9,986 12,741 15,354 68 66 65 $174,700 $176,845 $177,643 $228,905 $231,219 $232,671
--
--
--
--
--
96.1% 96.1% 95.8% 146 141 143
96.1% 96.1% 95.8%
94.9% 95.0% 94.9%
+ 1.3% + 1.2% + 1.0%
92.5% 92.8% 93.0%
--
--
--
--
--
--
--
--
--
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
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,433
+ 22.0%
+ 12.7%
2005
96.3% 2006
96.2%
2004
70
30,292
28,050
- 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 July 2009 New listings in July 2009 for the Austin Board of REALTORS® have dropped to 3,686, a 6.9 percent decrease from July 2008. Pending sales have increased to 2,263, which is a decent 6.4 percent ahead of last year's mark. Closed sales, however, are down to 2,110, a decrease of 7.9 percent. Days on Market Until Sale, now at 72 days, continues to increase in year-over-year comparisons—up 18.4 percent over last year and 42.9 percent when compared to two years ago. The July median sales price is down a soft 1.3 percent from last year but has been generally flat for two years. Housing Affordability is down from its high earlier in the year but remains a healthy 149.
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
July 4,154
28,343
3,961
3,686
24,609
One Year Change:
One Year Change:
2007
2008
24,312
- 6.9%
- 1.2%
Two Year Change:
Two Year Change:
- 11.3%
- 14.2%
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
AprilJuly
Year to Date 18,644
18,644
2,678
2,678
15,465
2,263
2,126
15,465
2,263
2,126
13,225
13,225
One Year Change:
2007 2007
One Year Change:
6.4%
-14.5%
Two Year Change:
Two Year Change:
-15.5%
2008 2008
2007 2007
2009 2009
2008 2008
-29.1%
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
AprilJuly
Year to Date 17,775
17,775
2,958
2,958
14,444
14,444
2,292
2,292
2007
2,110
11,461
One Year Change:
One Year Change:
- 7.9%
- 20.7%
Two Year Change:
Two Year Change:
11,461
- 28.7%
2008
2007
2,110
2007 2007
2009
2008
2009
2008 2008
- 35.5%
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
AprilJuly
Year to Date
72
72
78 78
61 61
65 65
51 51
56 56
2007 2007
One Year Change:
One Year Change:
+ 18.4%
+ 18.7%
Two Year Change:
Two Year Change:
+ 42.9%
2008 2008
2007 2007
2009 2009
2008 2008
+ 39.2%
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
AprilJuly
$190,000
$188,000
$190,000
$188,000
Year to Date
$187,500
$182,810
$187,500
$182,810
Figures do not take into account seller concessions.
$189,000
$187,403
$189,000
$187,403
One Year Change:
2007 2007
One Year Change:
- 1.3%
- 0.8%
Two Year Change:
Two Year Change:
- 0.3%
2008 2008
2007 2007
2009 2009
2008 2008
+ 2.5%
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
AprilJuly
Year to Date
$251,423
$251,020
$251,423
$251,020
$245,082
$240,625
$245,082
$240,625
Figures do not take into account seller concessions.
$245,398
$245,398
One Year Change:
2007 2007
One Year Change:
- 4.3%
- 3.3%
Two Year Change:
Two Year Change:
- 4.1%
2008 2008
$237,304 $237,304
2007 2007
2009 2009
2008 2008
- 3.2%
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®
July
Year to Date
100.0%
100.0%
96.8%
96.5% 94.9% 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.
94.9%
94.0%
95.0%
90.0%
93.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 0.9%
- 2.1%
Two Year Change:
Two Year Change:
- 2.6% 80.0%
- 3.9%
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 July 149 134
134
132
149 132
One Year Change:
+ 13.0% Two Year Change:
+ 10.8%
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 9,436
Single-Family Condo-Townhouse
Previously Owned New Construction 2,462 2,185
1,902
1,863
1,289 1,078
1,343
1,254
316
431
Single-Family
391
383
295
230 70
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
18.1
52.5
39.4
11.8 10.5 7.7 6.5
7.5
7.5
7.1
18.4
5.4
Up to $125,000
Single-Family
13.5
12.7 5.4 6.7 5.6
All
30.4
29.6
Condo-Townhouse
4.6
7.9
4.9
$125,001 to $175,000
5.7
6.2
$175,001 to $250,000
7.9
14.5
8.6
$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
1,531
Previously Owned New Construction
Previously Owned New Construction
14.6
1,232
6.9 5.6
5.4
6.0
6.5
299 74 All
57 Single-Family
17 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply Previously Owned New Construction
1,956
Previously Owned New Construction
8.6
1,703
5.1 3.7
202
All
160
Single-Family
5.4
4.8 3.4
253 42 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
2,225
Previously Owned New Construction
1,904
Previously Owned New Construction
12.9 11.6
6.6
6.1 4.3
343
281
3.8
321 62
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply Previously Owned New Construction
2,410 2,141
Previously Owned New Construction 19.1 17.0
9.5
8.9 5.6
443
All
321
Single-Family
269
4.5
122
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
1,679
1,588
Previously Owned New Construction
Previously Owned New Construction 66.7
24.3
453 15.8
314 91 All
Single-Family
139
All
Condo-Townhouse
15.5
11.3
8.2
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
889
868
259
Previously Owned New Construction
Previously Owned New Construction 196.0
210 31.0
21 All
Single-Family
Condo-Townhouse
31.5
28.5
49 All
23.8
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
19.4
Condo-Townhouse 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
July 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
May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul May Jun Jul
2009
2008
Percent Change
3,471 3,648 3,686 2,217 2,205 2,263 1,840 2,233 2,110 76 77 72 $190,100 $195,000 $187,500 $247,403 $245,555 $240,625 12,774 12,697 11,767 93.4% 93.7% 94.0% 145 143 149 7.7 7.7 7.6
4,342 4,088 3,961 2,356 2,189 2,126 2,352 2,421 2,292 61 61 61 $192,000 $196,000 $190,000 $255,391 $254,331 $251,423 NA NA NA 95.7% 95.3% 94.9% 134 129 132 NA NA NA
- 20.1% - 10.8% - 6.9% - 5.9% + 0.7% + 6.4% - 21.8% - 7.8% - 7.9% + 23.1% + 24.6% + 18.4% - 1.0% - 0.5% - 1.3% - 3.1% - 3.5% - 4.3% ---- 2.4% - 1.7% - 0.9% + 8.8% + 10.4% + 13.0% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,131 4,115 3,961 2,675 2,628 2,510 2,529 2,756 2,612 62 61 60 $178,934 $184,200 $180,900 $238,696 $239,586 $239,713
16,978 20,626 24,312 8,757 10,962 13,225 7,118 9,351 11,461 79 79 78 $185,000 $187,305 $187,403 $233,731 $236,555 $237,304
20,615 24,703 24,609 11,150 13,339 15,465 9,731 12,152 14,444 67 66 65 $186,500 $188,700 $189,000 $241,757 $244,262 $245,398
- 17.6% - 16.5% - 1.2% - 21.5% - 17.8% - 14.5% - 26.9% - 23.0% - 20.7% + 18.0% + 19.1% + 18.7% - 0.8% - 0.7% - 0.8% - 3.3% - 3.2% - 3.3%
19,052 23,166 26,316 11,478 14,106 16,617 9,986 12,741 15,354 68 66 65 $174,700 $176,845 $177,643 $228,905 $231,219 $232,671
--
--
--
--
--
96.1% 96.1% 95.8% 146 141 143
96.1% 96.1% 95.8%
94.9% 95.0% 94.9%
+ 1.3% + 1.2% + 1.0%
92.5% 92.8% 93.0%
--
--
--
--
--
--
--
--
--
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
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,433
+ 22.0%
+ 12.7%
2005
96.3% 2006
96.2%
2004
70
30,292
28,050
- 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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