Austin Real Estate Market Statistics For May 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 May 2009 May saw a relatively healthy uptick in pending sales in the Austin market. The 2,344 signed purchase agreements for the month represent only a 0.5 decline from May of 2008. That's the best year-over-year change in 17 months; many recent months were showing double-digit percent declines. 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. The May median price of $190,119 is 1.0 percent below last May, a far smaller drop-off in price than most markets around the country are experiencing. With mortgage rates creeping back up, and the government tax credit expiring at the end of this year, buyers have incentives to act right now.
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
May 4,636
4,342 19,726
20,615
3,467
2007
2008
16,968
One Year Change:
One Year Change:
- 20.2%
- 17.7%
Two Year Change:
Two Year Change:
- 25.2%
- 14.0%
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
AprilMay
Year to Date 13,112
13,112
2,951
11,152
2,951
11,152
2,356
2,344
2,356
2,344
8,977
8,977
One Year Change:
2007 2007
One Year Change:
-0.5%
-19.5%
Two Year Change:
Two Year Change:
-20.6%
2008 2008
2007 2007
2009 2009
2008 2008
-31.5%
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
3
Closed Sales A Monthly Indicator from the Austin Board of REALTORS®
January through April
AprilMay
Year to Date
3,012
11,729
3,012
11,729 9,731
2,352
9,731
2,352
1,739
6,980
One Year Change:
One Year Change:
- 26.1%
- 28.3%
Two Year Change:
Two Year Change:
1,739
2007
- 42.3%
2008
2007
6,980
2007 2007
2009
2008
2009
2008 2008
- 40.5%
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
AprilMay
Year to Date
79 79
76 76 67 67
61 61
58 58
51 51
2007 2007
One Year Change:
One Year Change:
+ 24.1%
+ 18.2%
Two Year Change:
Two Year Change:
+ 49.6%
2008 2008
2007 2007
2009 2009
2008 2008
+ 36.5%
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
AprilMay
Year to Date
$183,000 $183,000
$192,000
$190,560
$192,000
$190,560
$179,000
$179,000
Figures do not take into account seller concessions.
$186,500
$185,000
$186,500
$185,000
One Year Change:
2007 2007
One Year Change:
- 0.8%
- 0.8%
Two Year Change:
Two Year Change:
+ 4.1%
2008 2008
2007 2007
2009 2009
2008 2008
+ 3.4%
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
AprilMay
Year to Date
$255,391
$249,545
$255,391
$246,295
$246,295
$249,545
Figures do not take into account seller concessions.
$241,757
$241,331
$241,757
$241,331
One Year Change:
2007 2007
One Year Change:
- 2.3%
- 3.2%
Two Year Change:
Two Year Change:
+ 1.3%
2008 2008
$234,115 $234,115
2007 2007
2009 2009
2008 2008
- 3.0%
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®
May
Year to Date
100.0%
100.0%
97.1%
96.8%
95.7% 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% 95.0%
93.4%
92.5%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 2.4%
- 2.5%
Two Year Change:
Two Year Change:
- 3.8% 80.0%
- 4.4%
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 May 142
145
142
134
145 134
One Year Change:
+ 8.6% Two Year Change:
+ 2.1%
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
8,740
2,465 2,092 1,845
1,725
1,111
1,526
1,205
391
384
306
302
459
Single-Family
1,028
220 61
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
18.6
48.8
11.5 10.1 7.2
6.9
7.2
6.9 5.8
29.3
6.8
18.8
4.9 6.4 5.1
Up to $125,000
All
Single-Family
27.4
26.7
Condo-Townhouse
8.6 4.3
12.8
11.8 4.6
$125,001 to $175,000
5.4
5.9
$175,001 to $250,000
7.8
13.6
8.4
$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
1,333 Previously Owned New Construction
1,046
Previously Owned New Construction 22.5
8.3
287 80 All
65 Single-Family
7.3
5.0
4.8
6.2
15 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,797
Previously Owned New Construction
1,546
Previously Owned New Construction
9.1 7.0
4.7
234
All
179
Single-Family
4.3
4.1
3.7
251 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 11
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
$175,001 to $250,000 Inventory
Months Supply
2,101
Previously Owned New Construction
1,791
Previously Owned New Construction 11.8
6.3
5.8 4.4
375
301
12.2
3.8
310 74
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,345 Previously Owned New Construction
2,089
Previously Owned New Construction 20.0 18.3
9.2
511
All
8.7 6.1
376
Single-Family
256
4.9
135
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
1,551
Previously Owned New Construction
1,470
Previously Owned New Construction 49.1
514 14.2
375 81 All
Single-Family
17.4
14.1
12.1
9.5
139
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
818
798
271
Previously Owned New Construction
27.4
230
20 All
Single-Family
Previously Owned New Construction
82.0
27.4
27.3
24.4
26.7
41
Condo-Townhouse
All
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Condo-Townhouse 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
May 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
Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May
2009
2008
Percent Change
3,664 3,629 3,467 1,877 2,011 2,344 1,482 1,665 1,739 83 75 76 $180,000 $185,000 $190,560 $228,055 $227,590 $249,545 11,882 12,106 11,628 92.2% 92.9% 93.4% 157 154 145 6.7 7.0 7.2
4,160 4,428 4,342 2,307 2,339 2,356 2,048 2,191 2,352 70 64 61 $188,000 $185,562 $192,000 $238,347 $238,074 $255,391 NA NA NA 94.4% 95.4% 95.7% 138 139 134 NA NA NA
- 11.9% - 18.0% - 20.2% - 18.6% - 14.0% - 0.5% - 27.6% - 24.0% - 26.1% + 18.6% + 18.6% + 24.1% - 4.3% - 0.3% - 0.8% - 4.3% - 4.4% - 2.3% ---- 2.3% - 2.6% - 2.4% + 13.1% + 11.2% + 8.6% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,013 4,137 4,130 2,452 2,500 2,700 2,180 2,202 2,509 71 64 62 $172,500 $176,312 $179,026 $226,551 $227,792 $239,125
9,872 13,501 16,968 4,622 6,633 8,977 3,576 5,241 6,980 83 81 79 $180,000 $181,500 $185,000 $229,650 $228,995 $234,115
11,845 16,273 20,615 6,457 8,796 11,152 5,188 7,379 9,731 71 69 67 $184,925 $185,000 $186,500 $237,131 $237,411 $241,757
- 16.7% - 17.0% - 17.7% - 28.4% - 24.6% - 19.5% - 31.1% - 29.0% - 28.3% + 16.2% + 16.6% + 18.2% - 2.7% - 1.9% - 0.8% - 3.2% - 3.5% - 3.2%
10,783 14,920 19,050 6,323 8,823 11,523 5,247 7,449 9,958 72 70 68 $171,585 $173,020 $174,700 $224,735 $225,614 $228,981
--
--
--
--
--
95.3% 95.8% 96.1% 152 149 146
95.3% 95.8% 96.1%
94.3% 94.6% 94.9%
+ 1.0% + 1.2% + 1.3%
91.8% 92.1% 92.5%
--
--
--
--
--
--
--
--
--
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
22,432
+ 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 May 2009 May saw a relatively healthy uptick in pending sales in the Austin market. The 2,344 signed purchase agreements for the month represent only a 0.5 decline from May of 2008. That's the best year-over-year change in 17 months; many recent months were showing double-digit percent declines. 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. The May median price of $190,119 is 1.0 percent below last May, a far smaller drop-off in price than most markets around the country are experiencing. With mortgage rates creeping back up, and the government tax credit expiring at the end of this year, buyers have incentives to act right now.
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
May 4,636
4,342 19,726
20,615
3,467
2007
2008
16,968
One Year Change:
One Year Change:
- 20.2%
- 17.7%
Two Year Change:
Two Year Change:
- 25.2%
- 14.0%
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
AprilMay
Year to Date 13,112
13,112
2,951
11,152
2,951
11,152
2,356
2,344
2,356
2,344
8,977
8,977
One Year Change:
2007 2007
One Year Change:
-0.5%
-19.5%
Two Year Change:
Two Year Change:
-20.6%
2008 2008
2007 2007
2009 2009
2008 2008
-31.5%
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
3
Closed Sales A Monthly Indicator from the Austin Board of REALTORS®
January through April
AprilMay
Year to Date
3,012
11,729
3,012
11,729 9,731
2,352
9,731
2,352
1,739
6,980
One Year Change:
One Year Change:
- 26.1%
- 28.3%
Two Year Change:
Two Year Change:
1,739
2007
- 42.3%
2008
2007
6,980
2007 2007
2009
2008
2009
2008 2008
- 40.5%
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
AprilMay
Year to Date
79 79
76 76 67 67
61 61
58 58
51 51
2007 2007
One Year Change:
One Year Change:
+ 24.1%
+ 18.2%
Two Year Change:
Two Year Change:
+ 49.6%
2008 2008
2007 2007
2009 2009
2008 2008
+ 36.5%
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
AprilMay
Year to Date
$183,000 $183,000
$192,000
$190,560
$192,000
$190,560
$179,000
$179,000
Figures do not take into account seller concessions.
$186,500
$185,000
$186,500
$185,000
One Year Change:
2007 2007
One Year Change:
- 0.8%
- 0.8%
Two Year Change:
Two Year Change:
+ 4.1%
2008 2008
2007 2007
2009 2009
2008 2008
+ 3.4%
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
AprilMay
Year to Date
$255,391
$249,545
$255,391
$246,295
$246,295
$249,545
Figures do not take into account seller concessions.
$241,757
$241,331
$241,757
$241,331
One Year Change:
2007 2007
One Year Change:
- 2.3%
- 3.2%
Two Year Change:
Two Year Change:
+ 1.3%
2008 2008
$234,115 $234,115
2007 2007
2009 2009
2008 2008
- 3.0%
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®
May
Year to Date
100.0%
100.0%
97.1%
96.8%
95.7% 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% 95.0%
93.4%
92.5%
90.0%
90.0%
One Year Change: 85.0%
One Year Change:
85.0%
- 2.4%
- 2.5%
Two Year Change:
Two Year Change:
- 3.8% 80.0%
- 4.4%
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 May 142
145
142
134
145 134
One Year Change:
+ 8.6% Two Year Change:
+ 2.1%
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
8,740
2,465 2,092 1,845
1,725
1,111
1,526
1,205
391
384
306
302
459
Single-Family
1,028
220 61
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
18.6
48.8
11.5 10.1 7.2
6.9
7.2
6.9 5.8
29.3
6.8
18.8
4.9 6.4 5.1
Up to $125,000
All
Single-Family
27.4
26.7
Condo-Townhouse
8.6 4.3
12.8
11.8 4.6
$125,001 to $175,000
5.4
5.9
$175,001 to $250,000
7.8
13.6
8.4
$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
1,333 Previously Owned New Construction
1,046
Previously Owned New Construction 22.5
8.3
287 80 All
65 Single-Family
7.3
5.0
4.8
6.2
15 All
Condo-Townhouse
Single-Family
Condo-Townhouse
$125,001 to $175,000 Inventory
Months Supply
1,797
Previously Owned New Construction
1,546
Previously Owned New Construction
9.1 7.0
4.7
234
All
179
Single-Family
4.3
4.1
3.7
251 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 11
Housing Supply Outlook A Monthly Indicator from the Austin Board of REALTORS®
$175,001 to $250,000 Inventory
Months Supply
2,101
Previously Owned New Construction
1,791
Previously Owned New Construction 11.8
6.3
5.8 4.4
375
301
12.2
3.8
310 74
All
Single-Family
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$250,001 to $400,000 Inventory
Months Supply
2,345 Previously Owned New Construction
2,089
Previously Owned New Construction 20.0 18.3
9.2
511
All
8.7 6.1
376
Single-Family
256
4.9
135
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
1,551
Previously Owned New Construction
1,470
Previously Owned New Construction 49.1
514 14.2
375 81 All
Single-Family
17.4
14.1
12.1
9.5
139
All
Condo-Townhouse
Single-Family
Condo-Townhouse
$750,001 and above Inventory
Months Supply
818
798
271
Previously Owned New Construction
27.4
230
20 All
Single-Family
Previously Owned New Construction
82.0
27.4
27.3
24.4
26.7
41
Condo-Townhouse
All
Single-Family
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®.
Condo-Townhouse 13
Market Overview A Monthly Indicator from the Austin Board of REALTORS®
May 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
Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May Mar Apr May
2009
2008
Percent Change
3,664 3,629 3,467 1,877 2,011 2,344 1,482 1,665 1,739 83 75 76 $180,000 $185,000 $190,560 $228,055 $227,590 $249,545 11,882 12,106 11,628 92.2% 92.9% 93.4% 157 154 145 6.7 7.0 7.2
4,160 4,428 4,342 2,307 2,339 2,356 2,048 2,191 2,352 70 64 61 $188,000 $185,562 $192,000 $238,347 $238,074 $255,391 NA NA NA 94.4% 95.4% 95.7% 138 139 134 NA NA NA
- 11.9% - 18.0% - 20.2% - 18.6% - 14.0% - 0.5% - 27.6% - 24.0% - 26.1% + 18.6% + 18.6% + 24.1% - 4.3% - 0.3% - 0.8% - 4.3% - 4.4% - 2.3% ---- 2.3% - 2.6% - 2.4% + 13.1% + 11.2% + 8.6% ----
5-Year Average
2009 Year-toDate
2008 Year-toDate
Percent Change
5-Year Year-toDate Average
4,013 4,137 4,130 2,452 2,500 2,700 2,180 2,202 2,509 71 64 62 $172,500 $176,312 $179,026 $226,551 $227,792 $239,125
9,872 13,501 16,968 4,622 6,633 8,977 3,576 5,241 6,980 83 81 79 $180,000 $181,500 $185,000 $229,650 $228,995 $234,115
11,845 16,273 20,615 6,457 8,796 11,152 5,188 7,379 9,731 71 69 67 $184,925 $185,000 $186,500 $237,131 $237,411 $241,757
- 16.7% - 17.0% - 17.7% - 28.4% - 24.6% - 19.5% - 31.1% - 29.0% - 28.3% + 16.2% + 16.6% + 18.2% - 2.7% - 1.9% - 0.8% - 3.2% - 3.5% - 3.2%
10,783 14,920 19,050 6,323 8,823 11,523 5,247 7,449 9,958 72 70 68 $171,585 $173,020 $174,700 $224,735 $225,614 $228,981
--
--
--
--
--
95.3% 95.8% 96.1% 152 149 146
95.3% 95.8% 96.1%
94.3% 94.6% 94.9%
+ 1.0% + 1.2% + 1.3%
91.8% 92.1% 92.5%
--
--
--
--
--
--
--
--
--
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
22,432
+ 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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