Austin TX Real Estate Monthly Indicators January 2010
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8/14/2019 Austin TX Real Estate Monthly Indicators January 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 ReportJanuary 2010
A free research tool from the Austin Board of REALTORS
brought to you by the unique data-sharing traditions of the REALTOR community
Home sales in the Austin region were once again strong inJanuary at 1,646 purchase agreements signed. That's the sixthconsecutive month where the change compared to a year ago
was even or positive.
The increase in sales has led to stabilizing home prices.January's median sales price of $175,000 was 0.6 percenthigher than a year ago. Yes, rising prices are ordinarily a pretty
ho-hum and normal thing, but in light of the drop in prices thatmost parts of the country have seen over the last several years,"ho-hum" is a welcome phrase these days.
The Months Supply of Inventory in the region currently sits at
5.9. A balanced market between buyers and sellers should have5 to 6 months of supply.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 1
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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New ListingsA Monthly Indicator from the Austin Board of REALTORS
January
4,055
3,1463,316
2008 2009 2010
Year to Date
4,055
3,1463,316
2008 2009 2010
One Year
Change:
+ 5.4%Two Year
Change:
- 18.2%
One Year
Change:
+ 5.4%Two Year
Change:
- 18.2%
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Pending SalesA Monthly Indicator from the Austin Board of REALTORS
April
2,135
1,338
1,646
2008 2009 2010
January through April
2,135
1,338
1,646
2008 2009 2010
January
2,135
1,338
1,646
2008 2009 2010
Year to Date
2,135
1,338
1,646
2008 2009 2010
One Year
Change:
+ 23.0%Two Year
Change:
- 22.9%
One Year
Change:
23.0%
Two Year
Change:
-22.9%
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Closed SalesA Monthly Indicator from the Austin Board of REALTORS
April
1,435
910951
2008 2009 2010
January through April
1,435
910951
2008 2009 2010
January
1,435
910951
2008 2009 2010
Year to Date
1,435
910 951
2008 2009 2010
+ 4.5%
One Year
Change:
+ 4.5%Two Year
Change:
- 33.7%
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:
- 33.7%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 4
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Days on Market Until SaleA Monthly Indicator from the Austin Board of REALTORS
April
74
8279
2008 2009 2010
January through April
74
8279
2008 2009 2010
January
74
8279
2008 2009 2010
Year to Date
74
8279
2008 2009 2010
One Year
Change:
- 3.3%Two Year
Change:
+ 7.1%
One Year
Change:
- 3.3%
Two Year
Change:
+ 7.1%
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS
April
$185,000$174,000 $175,000
2008 2009 2010
January through April
$185,000$174,000 $175,000
2008 2009 2010
January
$185,000$174,000 $175,000
2008 2009 2010
Year to Date
$185,000$174,000 $175,000
2008 2009 2010
One Year
Change:
+ 0.6%Two Year
Change:
- 5.4%
One Year
Change:
+ 0.6%
Two Year
Change:
- 5.4%
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS
April
$241,942$224,729
$233,015
2008 2009 2010
January through April
$241,942$224,729
$233,015
2008 2009 2010
January
$241,942$224,729
$233,015
2008 2009 2010
Year to Date
$241,942$224,729
$233,015
2008 2009 2010
One Year
Change:
+ 3.7%Two Year
Change:
- 3.7%
One Year
Change:
+ 3.7%
Two Year
Change:
- 3.7%
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Percent of Original List Price Received at SaleA Monthly Indicator from the Austin Board of REALTORS
January
93.9%
91.2%
93.2%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
Year to Date
93.9%
91.2%
93.2%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
One Year
Change:
+ 2.2%Two Year
Change:
- 0.7%
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:
+ 2.2%
- 0.7%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 8
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS
April
144
156162
2008 2009 2010
January
144156
162
2008 2009 2010
One Year
Change:
+ 3.9%Two Year
Change:
+ 12.0%
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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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
5.7
7.6
6.2
5.6
11.1
5.9 5.7
8.2
5.9
All Single-Family Condo-Townhouse
Previously OwnedNew ConstructionAll
1,8871,980
1,904
1,273
777
304 300 305 273152
44
1,326
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
1,0631,315
315
7,832
Single-Family Condo-Townhouse
Previously Owned
New Construction
4.4 4.95.8
8.6
19.3
6.68.2
11.6
26.8
31.1
5.3 4.6 5.26.2
9.2
19.7
5.3 5.6
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Under $125,000Inventory Months Supply
$125,001 to $175,000Inventory Months Supply
1,286
40 13
291
1,577
53
All Single-Family Condo-Townhouse
Previously Owned
New Construction 5.3
3.9
5.65.75.4
4.2
All Single-Family Condo-Townhouse
Previously Owned
New Construction
1,688
199
58
242
1,930
257
All Single-Family Condo-Townhouse
Previously Owned
New Construction
4.44.0
6.36.6
4.64.3
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. 11
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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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
1,669
311
57248
1,917
368
All Single-Family Condo-Townhouse
Previously Owned
New Construction
4.9 4.8
9.4
7.9
5.2 5.2
All Single-Family Condo-Townhouse
Previously Owned
New Construction
1,586
318
91182
1,768
409
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.1
5.0
10.6
12.1
6.45.6
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$400,001 to $750,000Inventory Months Supply
$750,001 and aboveInventory Months Supply
985
288
6488
1,073
352
All Single-Family Condo-Townhouse
Previously Owned
New Construction
8.7 8.1
32.0
24.0
9.2 9.4
All Single-Family Condo-Townhouse
Previously Owned
New Construction
618
159
3212
630
191
All Single-Family Condo-Townhouse
Previously Owned
New Construction
19.2 19.7
384.0
9.018.823.4
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
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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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
Nov 2,486 2,324 + 7.0% 2,591 36,131 36,581 - 1.2% 38,911
Dec 1,971 1,942 + 1.5% 2,021 38,102 38,523 - 1.1% 40,933
Jan 3,316 3,146 + 5.4% 3,438 3,316 3,146 + 5.4% 3,438
Pending Sales Nov 1,293 1,191 + 8.6% 1,583 20,107 21,291 - 5.6% 24,216Dec 1,160 1,113 + 4.2% 1,390 21,267 22,404 - 5.1% 25,605
Jan 1,646 1,338 + 23.0% 1,840 1,646 1,338 + 23.0% 1,840
Closed Sales Nov 1,734 1,086 + 59.7% 1,752 19,367 21,017 - 7.9% 23,899
Dec 1,490 1,420 + 4.9% 1,807 20,857 22,437 - 7.0% 25,706
Jan 951 910 + 4.5% 1,313 951 910 + 4.5% 1,313
Days on Market Until Sale Nov 75 76 - 1.0% 68 75 66 + 13.5% 65
Dec 80 81 - 1.8% 72 76 67 + 12.4% 65
Jan 79 82 - 3.3% 75 79 82 - 3.3% 75
Median Sales Price Nov $174,200 $179,900 - 3.2% $175,040 $185,000 $188,000 - 1.6% $177,443
Dec $186,335 $179,900 + 3.6% $179,447 $185,000 $187,500 - 1.3% $177,600
Jan $175,000 $174,000 + 0.6% $174,680 $175,000 $174,000 + 0.6% $174,680
Average Sales Price Nov $231,096 $229,433 + 0.7% $231,676 $235,680 $244,140 - 3.5% $232,755
Dec $250,349 $240,875 + 3.9% $238,706 $236,728 $243,933 - 3.0% $233,195
Jan $233,015 $224,729 + 3.7% $232,008 $233,015 $224,729 + 3.7% $232,008
Total Active Listings Available Nov 9,836 NA --
Dec 9,366 NA -- -- -- -- -- --
Jan 10,744 NA --Percent of Original List Price Nov 93.9% 92.7% + 1.3% 94.5% 94.5% 94.5% - 0.0% 93.4%
Dec 93.1% 91.4% + 1.9% 94.1% 94.1% 94.3% - 0.2% 93.4%
Jan 93.2% 91.2% + 2.2% 94.0% 94.0% 91.2% + 3.0% 93.2%
Housing Affordability Index Nov 165 147 + 12.1% 152
Dec 151 154 - 2.1% 148 -- -- -- --
Jan 162 156 + 3.9% 152
Months Supply of Inventory Nov 5.6 NA --
Dec 5.3 NA -- -- -- -- -- --Jan 5.9 NA --
January 2010
New Listings
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 14
8/14/2019 Austin TX Real Estate Monthly Indicators January 2010
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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
22,43720,857
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%
- 7.0% + 12.4%
- 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
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