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8/9/2019 Austin Market Statistics Feb 2010
1/15
New Listings 2
Pending Sales 3
Closed Sales 4
Days On Market Until Sale 5
Median Sales Price 6
Average Sales Price 7
Percent of Original List Price Received at Sale 8
Housing Affordability Index 9
Housing Supply Outlook
All Residential Properties 10 Under $125,000 and $125,001 to $175,000 11
$175,001 to $250,000 and $250,001 to $400,000 12
$400,001 to $750,000 and $750,001 and above 13
Market Overview 14
Annual Review 15
Residential Sales ReportFebruary 2010
A free research tool from the Austin Board of REALTORS
brought to you by the unique data-sharing traditions of the REALTOR community
Buyers in the Austin region were very active during February.There were 1,975 purchase agreements signed during themonth, an increase of 41.4 percent from a year ago.
Home prices have shown early signs of stabilizing, but remainrelatively soft. The February median sales price of $181,700was a decrease from a year ago of 3.3 percent.
Soft prices have combined with extremely low mortgage rates tocreate an attractive environment for buyers. The HousingAffordability Index in February of 157 is an improvement of 6.6percent from a year ago, and is up dramatically from the low
point seen a few years back. This indicates favorable conditions
for home buying.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 1
8/9/2019 Austin Market Statistics Feb 2010
2/15
New ListingsA Monthly Indicator from the Austin Board of REALTORS
February
3,630
3,069
3,493
2008 2009 2010
Year to Date
7,685
6,2156,811
2008 2009 2010
One Year
Change:
+ 13.8%Two Year
Change:
- 3.8%
One Year
Change:
+ 9.6%Two Year
Change:
- 11.4%
Historical Market Activity
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
New Listings
Pending Sales
Closed Sales
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 2
8/9/2019 Austin Market Statistics Feb 2010
3/15
Pending SalesA Monthly Indicator from the Austin Board of REALTORS
April
2,011
1,397
1,975
2008 2009 2010
January through April
4,146
2,735
3,528
2008 2009 2010
February
2,011
1,397
1,975
2008 2009 2010
Year to Date
4,146
2,735
3,528
2008 2009 2010
One Year
Change:
+ 41.4%Two Year
Change:
- 1.8%
One Year
Change:
29.0%
Two Year
Change:
-14.9%
Historical Market Activity
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
New Listings
Pending Sales
Closed Sales
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 3
8/9/2019 Austin Market Statistics Feb 2010
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Closed SalesA Monthly Indicator from the Austin Board of REALTORS
April
1,705
1,194 1,189
2008 2009 2010
January through April
3,140
2,106 2,165
2008 2009 2010
February1,705
1,194 1,189
2008 2009 2010
Year to Date
3,140
2,106 2,165
2008 2009 2010
- 0.4%
One Year
Change:
+ 2.8%Two Year
Change:
- 31.1%
Historical Market Activity
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
New Listings
Pending Sales
Closed Sales
One Year
Change:
Two Year
Change:
- 30.3%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 4
8/9/2019 Austin Market Statistics Feb 2010
5/15
Days on Market Until SaleA Monthly Indicator from the Austin Board of REALTORS
April
71
84
72
2008 2009 2010
January through April
73
83
75
2008 2009 2010
February
71
84
72
2008 2009 2010
Year to Date
73
83
75
2008 2009 2010
One Year
Change:
- 14.4%Two Year
Change:
+ 1.2%
One Year
Change:
- 9.5%
Two Year
Change:
+ 3.7%
Historical Days on Market Until Sale
50
60
70
80
90
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 5
8/9/2019 Austin Market Statistics Feb 2010
6/15
Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS
April
$180,000$187,900
$181,700
2008 2009 2010
January through April
$182,025 $181,500 $177,000
2008 2009 2010
February
$180,000$187,900
$181,700
2008 2009 2010
Year to Date
$182,025 $181,500 $177,000
2008 2009 2010
One Year
Change:
- 3.3%Two Year
Change:
+ 0.9%
One Year
Change:
- 2.5%
Two Year
Change:
- 2.8%
Historical Median Prices
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Figures do not take into account seller concessions.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 6
8/9/2019 Austin Market Statistics Feb 2010
7/15
Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS
April
$231,620 $236,455 $232,834
2008 2009 2010
January through April
$236,337 $231,261 $232,168
2008 2009 2010
February$231,620 $236,455 $232,834
2008 2009 2010
Year to Date$236,337 $231,261 $232,168
2008 2009 2010
One Year
Change:
- 1.5%Two Year
Change:
+ 0.5%
One Year
Change:
+ 0.4%
Two Year
Change:
- 1.8%
Historical Average Prices
$180,000
$200,000
$220,000
$240,000
$260,000
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Figures do not take into account seller concessions.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 7
8/9/2019 Austin Market Statistics Feb 2010
8/15
Percent of Original List Price Received at SaleA Monthly Indicator from the Austin Board of REALTORS
February
94.4%
91.7%
93.5%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
Year to Date
94.2%
91.5%
93.4%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
One Year
Change:
+ 2.0%Two Year
Change:
- 0.9%
Historical Percent of Original List Price Received at Sale
80.0%
85.0%
90.0%
95.0%
100.0%
Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
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 no
account for list prices from any previous listing contracts. The sales price does
not account for seller concessions.
One Year
Change:
Two Year
Change:
+ 2.0%
- 1.0%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 8
8/9/2019 Austin Market Statistics Feb 2010
9/15
Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS
April
141147
157
2008 2009 2010
February
141147
157
2008 2009 2010
One Year
Change:
+ 6.6%Two Year
Change:
+ 11.0%
Historical Housing Affordability Index
120
130
140
150
160
170
180
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
The HAI formula measures housing affordability for the Austin Housing Market. An HAI of 120 meansthe 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.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 9
8/9/2019 Austin Market Statistics Feb 2010
10/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Inventory of Active Listings
Months Supply of Inventory
A market is considered balanced between buyers and sellers when there is roughly a 5 to 6-month supply of homes available for purchase
6.4
8.7
5.85.2
10.8
6.5 6.3
9.1
6.7
All Single-Family Condo-Townhouse
Previously OwnedNew ConstructionAll
2,1302,221
2,115
1,361
847
371 330 322 316178
53
1,565
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
Single-Family
Condo-Townhouse
1,2661,200
304
9,039
Single-Family Condo-Townhouse
Previously Owned
New Construction
4.8 5.46.4
9.0
20.9
6.88.4
13.5
30.5
39.8
6.2 5.0 5.76.8
9.8
21.5
6.1 6.6
Up to $125,000 $125,001 to
$175,000
$175,001 to
$250,000
$250,001 to
$400,000
$400,001 and
above
$750,001 and
above
Single-Family
Condo-Townhouse
All
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 10
8/9/2019 Austin Market Statistics Feb 2010
11/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Under $125,000Inventory Months Supply
$125,001 to $175,000Inventory Months Supply
1,512
53 18
353
1,865
71
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.15.5
7.7
6.66.2
5.9
All Single-Family Condo-Townhouse
Previously Owned
New Construction
1,948
182
42
288
2,236
224
All Single-Family Condo-Townhouse
Previously Owned
New Construction
5.0
3.6
4.4
7.4
5.2
3.8
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 11
8/9/2019 Austin Market Statistics Feb 2010
12/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$175,001 to $250,000Inventory Months Supply
$250,001 to $400,000Inventory Months Supply
1,929
292
53
269
2,198
345
All Single-Family Condo-Townhouse
Previously Owned
New Construction
5.6
4.4
8.58.4
5.8
4.8
All Single-Family Condo-Townhouse
Previously Owned
New Construction
1,846
269
91
225
2,071
360
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.9
4.2
10.9
14.9
7.3
5.0
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 12
8/9/2019 Austin Market Statistics Feb 2010
13/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$400,001 to $750,000Inventory Months Supply
$750,001 and aboveInventory Months Supply
1,104
257
63115
1,219
320
All Single-Family Condo-Townhouse
Previously Owned
New Construction
9.47.5
36.0
28.2
10.08.9
All Single-Family Condo-Townhouse
Previously Owned
New Construction
700
147
3716
716
184
All Single-Family Condo-Townhouse
Previously Owned
New Construction
21.2 19.6
444.0
12.820.924.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 13
8/9/2019 Austin Market Statistics Feb 2010
14/15
Market OverviewA Monthly Indicator from the Austin Board of REALTORS
This Year Last YearPercent
Change
5-Year
Average
This Year
Year-to-
Date
Last Year
Year-to-
Date
Percent
Change
5-Year
Year-to-
Date
Average
Dec 1,971 1,942 + 1.5% 2,021 38,102 38,523 - 1.1% 40,933
Jan 3,318 3,146 + 5.5% 3,438 3,318 3,146 + 5.5% 3,438
Feb 3,493 3,069 + 13.8% 3,379 6,811 6,215 + 9.6% 6,817
Pending Sales Dec 1,140 1,115 + 2.2% 1,386 21,218 22,403 - 5.3% 25,595Jan 1,553 1,338 + 16.1% 1,821 1,553 1,338 + 16.1% 1,821
Feb 1,975 1,397 + 41.4% 2,010 3,528 2,735 + 29.0% 3,831
Closed Sales Dec 1,508 1,420 + 6.2% 1,811 20,892 22,437 - 6.9% 25,713
Jan 976 912 + 7.0% 1,318 976 912 + 7.0% 1,318
Feb 1,189 1,194 - 0.4% 1,571 2,165 2,106 + 2.8% 2,889
Days on Market Until Sale Dec 79 81 - 2.3% 72 76 67 + 12.4% 65
Jan 79 82 - 3.3% 75 79 82 - 3.3% 75
Feb 72 84 - 14.4% 71 75 83 - 9.5% 73
Median Sales Price Dec $186,000 $179,900 + 3.4% $179,380 $185,000 $187,500 - 1.3% $177,600
Jan $174,854 $173,606 + 0.7% $174,572 $174,854 $173,606 + 0.7% $174,572
Feb $181,700 $187,900 - 3.3% $178,320 $177,000 $181,500 - 2.5% $176,105
Average Sales Price Dec $249,350 $240,875 + 3.5% $238,506 $236,585 $243,933 - 3.0% $233,167
Jan $231,357 $224,460 + 3.1% $231,623 $231,357 $224,460 + 3.1% $231,623
Feb $232,834 $236,455 - 1.5% $230,647 $232,168 $231,261 + 0.4% $231,164
Total Active Listings Available Dec 9,366 NA --
Jan 10,744 NA -- -- -- -- -- --
Feb 11,809 NA --Percent of Original List Price Dec 93.1% 91.4% + 1.9% 94.1% 94.1% 94.3% - 0.2% 93.4%
Jan 93.2% 91.3% + 2.1% 94.0% 94.0% 91.3% + 3.0% 93.2%
Feb 93.5% 91.7% + 2.0% 94.5% 94.5% 91.5% + 3.3% 93.4%
Housing Affordability Index Dec 151 154 - 1.9% 148
Jan 162 156 + 3.8% 152 -- -- -- --
Feb 157 147 + 6.6% 148
Months Supply of Inventory Dec 5.3 NA --
Jan 5.9 NA -- -- -- -- -- --Feb 6.5 NA --
February 2010
New Listings
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 14
8/9/2019 Austin Market Statistics Feb 2010
15/15
Annual ReviewA free research tool from the Austin Board of REALTORS
April
26,891
30,293
28,051
96.3% 96.8% 96.1%
January through April
$160,000$171,500
$184,000
96.3% 96.8% 96.1%
Closed Sales
26,891
30,293
28,051
22,43720,892
2005 2006 2007 2008 2009
Days on Market Until Sale
67
59 57
67
76
2005 2006 2007 2008 2009
Median Sales Price
$160,000$171,500
$184,000 $187,500 $185,000
2005 2006 2007 2008 2009
Percent of Original List Price Received at Sale
96.3%96.8%
96.1%
94.3%
93.4%
2005 2006 2007 2008 2009
+ 12.7% - 7.4% - 20.0% - 12.8% - 2.4% + 17.1%
+ 7.2% + 7.3% + 1.9%+ 0.5% - 0.7% - 1.8%
- 6.9% + 12.5%
- 1.3%- 1.0%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 15