Austin Real Estate Market Statistics For June 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 June 2009 June saw another relatively healthy month for buyer activity in the Austin region as the number of signed purchase agreements was 2,323, an increase of 6.1 percent from last June. Whether this is merely a short-term blip or signs that the low mortgage rates and $8,000 federal tax credit for first-time buyers is spurring buyer interest remains to be seen. Prices continue to hold relatively steady -- a remarkable feat considering the large declines that other metro areas around the country are currently experiencing. The June median price of $196,000 is dead even with last June. Sellers still face a challenging environment, however, as the Average Days on Market Until Sale continues to grow and the Percent of Original List Price Received at Sale continues to decline. Smart pricing and marketing are essential for home sellers.
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
June 4,463 4,088
24,189
24,703
3,647 20,622
2007
2008
One Year Change:
One Year Change:
- 10.8%
- 16.5%
Two Year Change:
Two Year Change:
- 18.3%
- 14.7%
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 June
Year to Date
2,854
2,854
15,966
15,966
2,323 2,189
13,339
2,323
2,189
13,339 11,142
11,142
One Year Change:
One Year Change:
6.1%
-16.5%
Two Year Change:
Two Year Change:
-18.6%
2007 2007
2008 2008
-30.2%
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
AprilJune
Year to Date 14,817
14,817
3,088
3,088
12,152
12,152
2,421
2,421
2,147
2,147
9,235
One Year Change:
One Year Change:
- 11.3%
- 24.0%
Two Year Change:
Two Year Change:
9,235
- 30.5%
2007
2007
2008
2009
2008
2009
- 37.7%
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®
January through April
April June
Year to Date
77 77
79 79 66 66
61 61 57 57
51 51
One Year Change:
One Year Change:
+ 25.4%
+ 19.1%
Two Year Change:
Two Year Change:
+ 51.8%
2007 2007
2008 2008
+ 38.8%
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 June
Year to Date
$196,000
$190,000
$196,000
$196,000
$190,000
$181,320
$181,320
$196,000
Figures do not take into account seller concessions.
$188,700
$187,500
$188,700
$187,500
One Year Change:
One Year Change:
- 0.0%
- 0.6%
Two Year Change:
Two Year Change:
+ 3.2%
2007 2007
2008 2008
+ 3.4%
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 June
Year to Date
$254,331
$253,639
$254,331
$253,639
$246,844
$243,896
$246,844
$243,896
Figures do not take into account seller concessions.
$244,262
$244,262
One Year Change:
One Year Change:
- 2.9%
- 3.1%
Two Year Change:
Two Year Change:
- 2.7%
2007 2007
2008 2008
$236,763 $236,763
- 2.9%
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®
June
Year to Date
100.0%
100.0%
97.2%
96.9%
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.
95.3% 95.0%
95.0%
93.6%
95.0%
92.7%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 1.8%
- 2.3%
Two Year Change:
Two Year Change:
- 3.7%
- 4.3%
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 June 142 134
134
142
129
129
One Year Change:
+ 9.9% Two Year Change:
+ 5.8%
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 Single-Family Condo-Townhouse
Previously Owned New Construction
8,849
2,499 2,067 1,870 1,685
1,086
1,429
1,229
1,071
325
411
375
291
453
216 64
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 Single-Family Condo-Townhouse All
Previously Owned New Construction All
59.1
19.1
34.6
11.9 10.4 7.3
6.7
7.2
7.0
19.4
6.8 5.5 7.0
5.1
Up to $125,000
Single-Family
13.2
12.2 4.7
All
29.2
28.4
Condo-Townhouse
8.1 4.2
4.5
$125,001 to $175,000
5.3
5.8
$175,001 to $250,000
7.9
14.1
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 Previously Owned New Construction
1,338
Previously Owned New Construction 22.8
1,032
7.7
306 73 All
54 Single-Family
6.2
5.0
6.7
4.6
19 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,788 Previously Owned New Construction
1,539
Previously Owned New Construction
8.8
5.5 4.7
4.3 3.3
188
All
146
Single-Family
3.0
249 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 Previously Owned New Construction
2,069
Previously Owned New Construction
13.9
1,767
11.9
6.2
5.7 4.5
373
300
3.9
302 73
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply Previously Owned New Construction
2,429 2,157
Previously Owned New Construction 19.7
9.5
8.9 5.8
481
All
342
Single-Family
272
19.0
4.5
139
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
1,590
1,510
Previously Owned New Construction
56.3
20.9
496
14.9
360 80 All
Previously Owned New Construction
Single-Family
14.7
12.0
9.2
136
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
864
844
271
Previously Owned New Construction
Previously Owned New Construction
227 29.5
20 All
176.0
Single-Family
29.7
28.3
24.3
24.0
44
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®
June 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
Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun
2009
2008
Percent Change
3,631 3,469 3,647 1,987 2,235 2,323 1,682 1,823 2,147 75 76 77 $185,300 $190,000 $196,000 $227,547 $247,725 $246,844 12,327 12,136 11,795 92.9% 93.4% 93.6% 154 146 142 7.1 7.4 7.2
4,428 4,342 4,088 2,339 2,356 2,189 2,191 2,352 2,421 64 61 61 $185,562 $192,000 $196,000 $238,074 $255,391 $254,331 NA NA NA 95.4% 95.7% 95.3% 139 134 129 NA NA NA
- 18.0% - 20.1% - 10.8% - 15.0% - 5.1% + 6.1% - 23.2% - 22.5% - 11.3% + 18.1% + 23.0% + 25.4% - 0.1% - 1.0% - 0.0% - 4.4% - 3.0% - 2.9% ---- 2.6% - 2.4% - 1.8% + 11.1% + 8.8% + 9.9% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,137 4,130 4,114 2,495 2,678 2,652 2,205 2,526 2,739 64 62 61 $176,372 $178,914 $184,400 $227,783 $238,761 $239,843
13,506 16,975 20,622 6,584 8,819 11,142 5,265 7,088 9,235 80 79 79 $181,000 $185,000 $187,500 $228,856 $233,709 $236,763
16,273 20,615 24,703 8,794 11,150 13,339 7,379 9,731 12,152 69 67 66 $185,000 $186,500 $188,700 $237,411 $241,757 $244,262
- 17.0% - 17.7% - 16.5% - 25.1% - 20.9% - 16.5% - 28.6% - 27.2% - 24.0% + 16.4% + 17.8% + 19.1% - 2.2% - 0.8% - 0.6% - 3.6% - 3.3% - 3.1%
14,921 19,051 23,165 8,813 11,491 14,143 7,454 9,980 12,718 70 68 66 $172,920 $174,700 $176,884 $225,586 $228,900 $231,261
--
--
--
--
--
95.8% 96.1% 96.0% 149 146 141
95.8% 96.1% 96.0%
94.6% 94.9% 95.0%
+ 1.2% + 1.3% + 1.2%
92.1% 92.5% 92.7%
--
--
--
--
--
--
--
--
--
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
26,890
26,890
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
22,433
+ 22.0%
+ 12.7%
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 June 2009 June saw another relatively healthy month for buyer activity in the Austin region as the number of signed purchase agreements was 2,323, an increase of 6.1 percent from last June. Whether this is merely a short-term blip or signs that the low mortgage rates and $8,000 federal tax credit for first-time buyers is spurring buyer interest remains to be seen. Prices continue to hold relatively steady -- a remarkable feat considering the large declines that other metro areas around the country are currently experiencing. The June median price of $196,000 is dead even with last June. Sellers still face a challenging environment, however, as the Average Days on Market Until Sale continues to grow and the Percent of Original List Price Received at Sale continues to decline. Smart pricing and marketing are essential for home sellers.
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
June 4,463 4,088
24,189
24,703
3,647 20,622
2007
2008
One Year Change:
One Year Change:
- 10.8%
- 16.5%
Two Year Change:
Two Year Change:
- 18.3%
- 14.7%
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 June
Year to Date
2,854
2,854
15,966
15,966
2,323 2,189
13,339
2,323
2,189
13,339 11,142
11,142
One Year Change:
One Year Change:
6.1%
-16.5%
Two Year Change:
Two Year Change:
-18.6%
2007 2007
2008 2008
-30.2%
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
AprilJune
Year to Date 14,817
14,817
3,088
3,088
12,152
12,152
2,421
2,421
2,147
2,147
9,235
One Year Change:
One Year Change:
- 11.3%
- 24.0%
Two Year Change:
Two Year Change:
9,235
- 30.5%
2007
2007
2008
2009
2008
2009
- 37.7%
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®
January through April
April June
Year to Date
77 77
79 79 66 66
61 61 57 57
51 51
One Year Change:
One Year Change:
+ 25.4%
+ 19.1%
Two Year Change:
Two Year Change:
+ 51.8%
2007 2007
2008 2008
+ 38.8%
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 June
Year to Date
$196,000
$190,000
$196,000
$196,000
$190,000
$181,320
$181,320
$196,000
Figures do not take into account seller concessions.
$188,700
$187,500
$188,700
$187,500
One Year Change:
One Year Change:
- 0.0%
- 0.6%
Two Year Change:
Two Year Change:
+ 3.2%
2007 2007
2008 2008
+ 3.4%
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 June
Year to Date
$254,331
$253,639
$254,331
$253,639
$246,844
$243,896
$246,844
$243,896
Figures do not take into account seller concessions.
$244,262
$244,262
One Year Change:
One Year Change:
- 2.9%
- 3.1%
Two Year Change:
Two Year Change:
- 2.7%
2007 2007
2008 2008
$236,763 $236,763
- 2.9%
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®
June
Year to Date
100.0%
100.0%
97.2%
96.9%
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.
95.3% 95.0%
95.0%
93.6%
95.0%
92.7%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 1.8%
- 2.3%
Two Year Change:
Two Year Change:
- 3.7%
- 4.3%
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 June 142 134
134
142
129
129
One Year Change:
+ 9.9% Two Year Change:
+ 5.8%
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 Single-Family Condo-Townhouse
Previously Owned New Construction
8,849
2,499 2,067 1,870 1,685
1,086
1,429
1,229
1,071
325
411
375
291
453
216 64
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 Single-Family Condo-Townhouse All
Previously Owned New Construction All
59.1
19.1
34.6
11.9 10.4 7.3
6.7
7.2
7.0
19.4
6.8 5.5 7.0
5.1
Up to $125,000
Single-Family
13.2
12.2 4.7
All
29.2
28.4
Condo-Townhouse
8.1 4.2
4.5
$125,001 to $175,000
5.3
5.8
$175,001 to $250,000
7.9
14.1
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 Previously Owned New Construction
1,338
Previously Owned New Construction 22.8
1,032
7.7
306 73 All
54 Single-Family
6.2
5.0
6.7
4.6
19 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,788 Previously Owned New Construction
1,539
Previously Owned New Construction
8.8
5.5 4.7
4.3 3.3
188
All
146
Single-Family
3.0
249 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 Previously Owned New Construction
2,069
Previously Owned New Construction
13.9
1,767
11.9
6.2
5.7 4.5
373
300
3.9
302 73
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply Previously Owned New Construction
2,429 2,157
Previously Owned New Construction 19.7
9.5
8.9 5.8
481
All
342
Single-Family
272
19.0
4.5
139
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
1,590
1,510
Previously Owned New Construction
56.3
20.9
496
14.9
360 80 All
Previously Owned New Construction
Single-Family
14.7
12.0
9.2
136
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
864
844
271
Previously Owned New Construction
Previously Owned New Construction
227 29.5
20 All
176.0
Single-Family
29.7
28.3
24.3
24.0
44
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®
June 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
Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun Apr May Jun
2009
2008
Percent Change
3,631 3,469 3,647 1,987 2,235 2,323 1,682 1,823 2,147 75 76 77 $185,300 $190,000 $196,000 $227,547 $247,725 $246,844 12,327 12,136 11,795 92.9% 93.4% 93.6% 154 146 142 7.1 7.4 7.2
4,428 4,342 4,088 2,339 2,356 2,189 2,191 2,352 2,421 64 61 61 $185,562 $192,000 $196,000 $238,074 $255,391 $254,331 NA NA NA 95.4% 95.7% 95.3% 139 134 129 NA NA NA
- 18.0% - 20.1% - 10.8% - 15.0% - 5.1% + 6.1% - 23.2% - 22.5% - 11.3% + 18.1% + 23.0% + 25.4% - 0.1% - 1.0% - 0.0% - 4.4% - 3.0% - 2.9% ---- 2.6% - 2.4% - 1.8% + 11.1% + 8.8% + 9.9% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,137 4,130 4,114 2,495 2,678 2,652 2,205 2,526 2,739 64 62 61 $176,372 $178,914 $184,400 $227,783 $238,761 $239,843
13,506 16,975 20,622 6,584 8,819 11,142 5,265 7,088 9,235 80 79 79 $181,000 $185,000 $187,500 $228,856 $233,709 $236,763
16,273 20,615 24,703 8,794 11,150 13,339 7,379 9,731 12,152 69 67 66 $185,000 $186,500 $188,700 $237,411 $241,757 $244,262
- 17.0% - 17.7% - 16.5% - 25.1% - 20.9% - 16.5% - 28.6% - 27.2% - 24.0% + 16.4% + 17.8% + 19.1% - 2.2% - 0.8% - 0.6% - 3.6% - 3.3% - 3.1%
14,921 19,051 23,165 8,813 11,491 14,143 7,454 9,980 12,718 70 68 66 $172,920 $174,700 $176,884 $225,586 $228,900 $231,261
--
--
--
--
--
95.8% 96.1% 96.0% 149 146 141
95.8% 96.1% 96.0%
94.6% 94.9% 95.0%
+ 1.2% + 1.3% + 1.2%
92.1% 92.5% 92.7%
--
--
--
--
--
--
--
--
--
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
26,890
26,890
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
22,433
+ 22.0%
+ 12.7%
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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