Austin Real Estate Market Statistics For March 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 March 2009 New listings continue to decrease, helping contract overall inventory. The year-over-year decrease for March was 12.0 percent, down to 3,660. Year to date, new listings are behind last year’s pace by 16.7 percent. With home sales in decline, this is welcome news. Pending and closed sales are also trailing last year by 12.8 and 31.2 percent respectively in March. As buyer demand declines, Days on Market Until Sale has increased. The current March mark of 83 days is 19.1 percent above what it was last March. For similar reasons, home prices are trending downward. The March median sale price of $179,900 is 4.3 percent less than last March, and the average sale price of $229,086 is 3.9 percent less. Fortunately, these soft prices have combined with recent plunges in mortgage rates to dramatically strengthen the region’s affordability picture. The Housing Affordability Index for March of 157 is up 13.1 percent change from last March’s mark of 138. This means that the median family income in the region is 157 percent of what’s necessary to qualify for the median priced home.
New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of Original List Price Received at Sale Housing Affordability Index Housing Supply Outlook All Residential Properties Under $125,000 and $125,001 to $175,000 $175,001 to $250,000 and $250,001 to $400,000 $400,001 to $750,000 and $750,001 and above
Market Overview Annual Review
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
2 3 4 5 6 7 8 9 10 11 12 13 14 15
1
New Listings A Monthly Indicator from the Austin Board of REALTORS®
Year to Date
March 4,232
4,160
11,845
3,660
10,694
2007
2008
9,863
One Year Change:
One Year Change:
- 12.0%
- 16.7%
Two Year Change:
Two Year Change:
- 13.5%
- 7.8%
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 March
Year to Date
2,807
7,274
2,807
7,274 6,461
2,311
6,461
2,311
2007 2007
2,015
2,015
4,809
One Year Change:
One Year Change:
4,809
-12.8%
-25.6%
Two Year Change:
Two Year Change:
-28.2%
2008 2008
2007 2007
2009 2009
-33.9%
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 March
Year to Date 6,150
2,602
2,602
6,150 5,188
5,188
2,048
2,048
3,468
1,410
2007
3,468
One Year Change:
One Year Change:
- 31.2%
- 33.2%
Two Year Change:
Two Year Change:
- 45.8%
2008
2007
1,410
2007 2007
2009
2008
2009
- 43.6%
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 March
Year to Date
83
83 83
83
70 70
71 71 63 63
59 59
2007 2007
One Year Change:
One Year Change:
+ 19.1%
+ 16.4%
Two Year Change:
Two Year Change:
+ 39.7%
2008 2008
2007 2007
2009 2009
+ 31.4%
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 March
Year to Date
$188,000
$179,990
$188,000
$176,500
$176,500
$175,500
$179,990
Figures do not take into account seller concessions.
$184,925
$180,000
$184,925
$175,500
$180,000
One Year Change:
2007 2007
One Year Change:
- 4.3%
- 2.7%
Two Year Change:
Two Year Change:
+ 2.0%
2008 2008
2007 2007
2009 2009
+ 2.6%
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 March
Year to Date $237,838 $237,838
$241,628
$238,347
$241,628
$238,347
Figures do not take into account seller concessions.
$237,131 $237,131
$230,516 $230,516
$229,086
$229,086
One Year Change:
2007 2007
One Year Change:
- 3.9%
- 2.8%
Two Year Change:
Two Year Change:
- 5.2%
2008 2008
2007 2007
2009 2009
- 3.1%
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®
March
Year to Date
100.0%
100.0%
96.8%
96.4%
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.
94.3%
95.0%
92.2%
91.8%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 2.3%
- 2.6%
Two Year Change:
Two Year Change:
- 4.7% 80.0%
- 4.8%
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 March 148
157
148
138
157 138
One Year Change:
+ 13.1% Two Year Change:
+ 6.2%
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
2,372
Previously Owned New Construction
8,128
1,946 1,699
1,641
1,056
976
1,562 1,116 482
Single-Family
409
354
277
257
238 63
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
42.0
27.5 10.6
24.6
24.0
9.0 6.5
6.9
6.6
17.0 6.3
5.8
6.2 4.6 5.6 4.7
Up to $125,000
All
Single-Family
11.4
10.8
Condo-Townhouse
7.3 3.9
4.2
$125,001 to $175,000
5.0
5.4
$175,001 to $250,000
7.2
12.3
7.9
$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
1,241
Previously Owned New Construction
995
Previously Owned New Construction
16.5
7.2
6.5
4.7
246 72 All
61 Single-Family
5.4
4.5
11 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,713 Previously Owned New Construction
1,498
Previously Owned New Construction
8.2 7.0
4.3
4.0
3.7
3.0
205
All
143
Single-Family
215 62 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
1,921
Previously Owned New Construction 11.7 10.6
1,642
5.7
5.3 4.2
379
304
3.6
279 75
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,224
Previously Owned New Construction
1,967
Previously Owned New Construction 20.5 15.5
8.4
557
5.1
405 257
All
7.9
6.4
Single-Family
152
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
1,397
Previously Owned New Construction
1,298
Previously Owned New Construction
35.5
20.8
540
99 All
Single-Family
12.5
12.2
401
11.8
10.2
139
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
748
728 Previously Owned New Construction
291
Single-Family
64.5
25.9
24.1
248
20 All
Previously Owned New Construction
24.1
23.4
24.0
43
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®
March 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
Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar
2009
2008
Percent Change
3,137 3,066 3,660 1,349 1,445 2,015 890 1,168 1,410 83 83 83 $174,500 $187,500 $179,990 $224,484 $236,837 $229,086 11,184 11,477 11,312 91.2% 91.7% 92.2% 155 147 157 5.9 6.2 6.5
4,055 3,630 4,160 2,136 2,014 2,311 1,435 1,705 2,048 74 71 70 $185,000 $180,000 $188,000 $241,942 $231,620 $238,347 NA NA NA 93.9% 94.4% 94.4% 144 141 138 NA NA NA
- 22.6% - 15.5% - 12.0% - 36.8% - 28.3% - 12.8% - 38.0% - 31.5% - 31.2% + 11.6% + 17.4% + 19.1% - 5.7% + 4.2% - 4.3% - 7.2% + 2.3% - 3.9% ---- 2.8% - 2.9% - 2.3% + 7.5% + 4.3% + 13.1% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
3,461 3,309 4,012 1,867 2,015 2,480 1,404 1,656 2,165 75 72 71 $169,185 $173,150 $172,498 $224,475 $222,658 $226,757
3,137 6,203 9,863 1,349 2,794 4,809 890 2,058 3,468 83 83 83 $174,500 $182,000 $180,000 $224,484 $231,495 $230,516
4,055 7,685 11,845 2,136 4,150 6,461 1,435 3,140 5,188 74 72 71 $185,000 $182,025 $184,925 $241,942 $236,337 $237,131
- 22.6% - 19.3% - 16.7% - 36.8% - 32.7% - 25.6% - 38.0% - 34.5% - 33.2% + 11.6% + 14.7% + 16.4% - 5.7% - 0.0% - 2.7% - 7.2% - 2.0% - 2.8%
3,461 6,769 10,781 1,867 3,881 6,361 1,404 3,060 5,226 75 73 72 $169,185 $171,257 $171,585 $224,475 $223,566 $224,905
--
--
--
--
--
94.3% 94.9% 95.3% 154 149 152
94.3% 94.9% 95.3%
93.9% 94.2% 94.3%
+ 0.5% + 0.8% + 1.1%
91.2% 91.5% 91.8%
--
--
--
--
--
--
--
--
--
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 26,891
26,891
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,425
+ 22.0%
+ 12.7%
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 March 2009 New listings continue to decrease, helping contract overall inventory. The year-over-year decrease for March was 12.0 percent, down to 3,660. Year to date, new listings are behind last year’s pace by 16.7 percent. With home sales in decline, this is welcome news. Pending and closed sales are also trailing last year by 12.8 and 31.2 percent respectively in March. As buyer demand declines, Days on Market Until Sale has increased. The current March mark of 83 days is 19.1 percent above what it was last March. For similar reasons, home prices are trending downward. The March median sale price of $179,900 is 4.3 percent less than last March, and the average sale price of $229,086 is 3.9 percent less. Fortunately, these soft prices have combined with recent plunges in mortgage rates to dramatically strengthen the region’s affordability picture. The Housing Affordability Index for March of 157 is up 13.1 percent change from last March’s mark of 138. This means that the median family income in the region is 157 percent of what’s necessary to qualify for the median priced home.
New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of Original List Price Received at Sale Housing Affordability Index Housing Supply Outlook All Residential Properties Under $125,000 and $125,001 to $175,000 $175,001 to $250,000 and $250,001 to $400,000 $400,001 to $750,000 and $750,001 and above
Market Overview Annual Review
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
2 3 4 5 6 7 8 9 10 11 12 13 14 15
1
New Listings A Monthly Indicator from the Austin Board of REALTORS®
Year to Date
March 4,232
4,160
11,845
3,660
10,694
2007
2008
9,863
One Year Change:
One Year Change:
- 12.0%
- 16.7%
Two Year Change:
Two Year Change:
- 13.5%
- 7.8%
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 March
Year to Date
2,807
7,274
2,807
7,274 6,461
2,311
6,461
2,311
2007 2007
2,015
2,015
4,809
One Year Change:
One Year Change:
4,809
-12.8%
-25.6%
Two Year Change:
Two Year Change:
-28.2%
2008 2008
2007 2007
2009 2009
-33.9%
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 March
Year to Date 6,150
2,602
2,602
6,150 5,188
5,188
2,048
2,048
3,468
1,410
2007
3,468
One Year Change:
One Year Change:
- 31.2%
- 33.2%
Two Year Change:
Two Year Change:
- 45.8%
2008
2007
1,410
2007 2007
2009
2008
2009
- 43.6%
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 March
Year to Date
83
83 83
83
70 70
71 71 63 63
59 59
2007 2007
One Year Change:
One Year Change:
+ 19.1%
+ 16.4%
Two Year Change:
Two Year Change:
+ 39.7%
2008 2008
2007 2007
2009 2009
+ 31.4%
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 March
Year to Date
$188,000
$179,990
$188,000
$176,500
$176,500
$175,500
$179,990
Figures do not take into account seller concessions.
$184,925
$180,000
$184,925
$175,500
$180,000
One Year Change:
2007 2007
One Year Change:
- 4.3%
- 2.7%
Two Year Change:
Two Year Change:
+ 2.0%
2008 2008
2007 2007
2009 2009
+ 2.6%
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 March
Year to Date $237,838 $237,838
$241,628
$238,347
$241,628
$238,347
Figures do not take into account seller concessions.
$237,131 $237,131
$230,516 $230,516
$229,086
$229,086
One Year Change:
2007 2007
One Year Change:
- 3.9%
- 2.8%
Two Year Change:
Two Year Change:
- 5.2%
2008 2008
2007 2007
2009 2009
- 3.1%
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®
March
Year to Date
100.0%
100.0%
96.8%
96.4%
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.
94.3%
95.0%
92.2%
91.8%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 2.3%
- 2.6%
Two Year Change:
Two Year Change:
- 4.7% 80.0%
- 4.8%
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 March 148
157
148
138
157 138
One Year Change:
+ 13.1% Two Year Change:
+ 6.2%
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
2,372
Previously Owned New Construction
8,128
1,946 1,699
1,641
1,056
976
1,562 1,116 482
Single-Family
409
354
277
257
238 63
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
42.0
27.5 10.6
24.6
24.0
9.0 6.5
6.9
6.6
17.0 6.3
5.8
6.2 4.6 5.6 4.7
Up to $125,000
All
Single-Family
11.4
10.8
Condo-Townhouse
7.3 3.9
4.2
$125,001 to $175,000
5.0
5.4
$175,001 to $250,000
7.2
12.3
7.9
$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
1,241
Previously Owned New Construction
995
Previously Owned New Construction
16.5
7.2
6.5
4.7
246 72 All
61 Single-Family
5.4
4.5
11 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,713 Previously Owned New Construction
1,498
Previously Owned New Construction
8.2 7.0
4.3
4.0
3.7
3.0
205
All
143
Single-Family
215 62 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
1,921
Previously Owned New Construction 11.7 10.6
1,642
5.7
5.3 4.2
379
304
3.6
279 75
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,224
Previously Owned New Construction
1,967
Previously Owned New Construction 20.5 15.5
8.4
557
5.1
405 257
All
7.9
6.4
Single-Family
152
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
1,397
Previously Owned New Construction
1,298
Previously Owned New Construction
35.5
20.8
540
99 All
Single-Family
12.5
12.2
401
11.8
10.2
139
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
748
728 Previously Owned New Construction
291
Single-Family
64.5
25.9
24.1
248
20 All
Previously Owned New Construction
24.1
23.4
24.0
43
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®
March 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
Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar Jan Feb Mar
2009
2008
Percent Change
3,137 3,066 3,660 1,349 1,445 2,015 890 1,168 1,410 83 83 83 $174,500 $187,500 $179,990 $224,484 $236,837 $229,086 11,184 11,477 11,312 91.2% 91.7% 92.2% 155 147 157 5.9 6.2 6.5
4,055 3,630 4,160 2,136 2,014 2,311 1,435 1,705 2,048 74 71 70 $185,000 $180,000 $188,000 $241,942 $231,620 $238,347 NA NA NA 93.9% 94.4% 94.4% 144 141 138 NA NA NA
- 22.6% - 15.5% - 12.0% - 36.8% - 28.3% - 12.8% - 38.0% - 31.5% - 31.2% + 11.6% + 17.4% + 19.1% - 5.7% + 4.2% - 4.3% - 7.2% + 2.3% - 3.9% ---- 2.8% - 2.9% - 2.3% + 7.5% + 4.3% + 13.1% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
3,461 3,309 4,012 1,867 2,015 2,480 1,404 1,656 2,165 75 72 71 $169,185 $173,150 $172,498 $224,475 $222,658 $226,757
3,137 6,203 9,863 1,349 2,794 4,809 890 2,058 3,468 83 83 83 $174,500 $182,000 $180,000 $224,484 $231,495 $230,516
4,055 7,685 11,845 2,136 4,150 6,461 1,435 3,140 5,188 74 72 71 $185,000 $182,025 $184,925 $241,942 $236,337 $237,131
- 22.6% - 19.3% - 16.7% - 36.8% - 32.7% - 25.6% - 38.0% - 34.5% - 33.2% + 11.6% + 14.7% + 16.4% - 5.7% - 0.0% - 2.7% - 7.2% - 2.0% - 2.8%
3,461 6,769 10,781 1,867 3,881 6,361 1,404 3,060 5,226 75 73 72 $169,185 $171,257 $171,585 $224,475 $223,566 $224,905
--
--
--
--
--
94.3% 94.9% 95.3% 154 149 152
94.3% 94.9% 95.3%
93.9% 94.2% 94.3%
+ 0.5% + 0.8% + 1.1%
91.2% 91.5% 91.8%
--
--
--
--
--
--
--
--
--
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 26,891
26,891
22,044 22,044
67 $152,500
$171,500 67
$160,000
59
57
- 3.1%
- 12.7%
- 2.4%
2005
96.3% 2006
22,425
+ 22.0%
+ 12.7%
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
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