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8/9/2019 Market Stats April 2010
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New Listings 2
Pending Sales 3
Residential Sales ReportApril 2010The expiration of the tax credit clearly motivated buyers to take action
in April. By month's end, there was an astounding 66.4 percent year-
over-year increase in Pending Sales, bringing the total number of
contracts written to 3,254 for the month. Closed Sales were also up
A free research tool from the Austin Board of REALTORSbrought to you by the unique data-sharing traditions of the REALTOR community
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
year-over-year by 21.8 percent.
The number of New Listings was up as well36.5 percent over last
yearbut because of the increased activity, the number of Total Active
Listings held steady over last month at 12,500.
At $185,000, the Median Sales Price only experienced a slight 0.2
percent decrease year-over-year; however, Percent of Original List
Price Received at Sale was up 2.0 percent over last year. This means
that, on average, sellers can expect to receive 94.8 percent of their
original list price after 67 days on the market.
A possible side effect of the tax credit is that it brought many buyers
into the market who are now aware of the great prices and interest
rates. For those buyers who have not yet found a home, they should
continue to search, although maybe not with the same level of urgency.
A free research tool from the Austin Board of REALTORSbrought to you by the unique data-sharing traditions of the REALTOR community
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 1
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8/9/2019 Market Stats April 2010
2/15
New ListingsA Monthly Indicator from the Austin Board of REALTORS
4,428
3,631
4,957
2008 2009 2010
April
16,273
13,513
16,450
2008 2009 2010
Year to Date
One YearChange:
+ 36.5%
Two YearChange:
+ 11.9%
One YearChange:
+ 21.7%
Two YearChange:
+ 1.1%
4,428
3,631
4,957
2008 2009 2010
April
16,273
13,513
16,450
2008 2009 2010
Year to Date
One YearChange:
+ 36.5%
Two YearChange:
+ 11.9%
One YearChange:
+ 21.7%
Two YearChange:
+ 1.1%
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Historical Market Activity
New Listings
Pending Sales
Closed Sales
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 2
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8/9/2019 Market Stats April 2010
3/15
Pending SalesA Monthly Indicator from the Austin Board of REALTORS
2,339
1,956
3,254
2008 2009 2010
April
8,790
6,547
9,132
2008 2009 2010
January through April
2,339
1,956
3,254
April
8,790
6,547
9,132
Year to Date
One YearChange:
+ 66.4%
Two YearChange:
+ 39.1%
One YearChange:
39.5%
Two YearChange:
3.9%
2,339
1,956
3,254
2008 2009 2010
April
8,790
6,547
9,132
2008 2009 2010
January through April
2,339
1,956
3,254
2008 2009 2010
April
8,790
6,547
9,132
2008 2009 2010
Year to Date
One YearChange:
+ 66.4%
Two YearChange:
+ 39.1%
One YearChange:
39.5%
Two YearChange:
3.9%
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
Historical Market Activity
New Listings Pending Sales Closed Sales
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 3
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8/9/2019 Market Stats April 2010
4/15
Closed SalesA Monthly Indicator from the Austin Board of REALTORS
2,192
1,708
2,081
2008 2009 2010
April
7,380
5,316
6,278
2008 2009 2010
January through April
2,192
1,708
2,081
April
7,380
5,316
6,278
Year to Date
+ 21.8%
One YearChange:
+ 18.1%
Two YearChange:
- 14.9%
One YearChange:
Two YearChange:
- 5.1%
2,192
1,708
2,081
2008 2009 2010
April
7,380
5,316
6,278
2008 2009 2010
January through April
2,192
1,708
2,081
2008 2009 2010
April
7,380
5,316
6,278
2008 2009 2010
Year to Date
+ 21.8%
One YearChange:
+ 18.1%
Two YearChange:
- 14.9%
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Historical Market Activity
New Listings
Pending Sales
Closed Sales
One YearChange:
Two YearChange:
- 5.1%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 4
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8/9/2019 Market Stats April 2010
5/15
Days on Market Until SaleA Monthly Indicator from the Austin Board of REALTORS
64
76
67
2008 2009 2010
April
69
81
70
2008 2009 2010
January through April
64
76
67
2008 2009 2010
April
69
81
70
2008 2009 2010
Year to Date
One YearChange:
- 11.9%
Two YearChange:
+ 4.8%
One YearChange:
- 12.7%
Two YearChange:
+ 1.8%
64
76
67
2008 2009 2010
April
69
81
70
2008 2009 2010
January through April
64
76
67
2008 2009 2010
April
69
81
70
2008 2009 2010
Year to Date
One YearChange:
- 11.9%
Two YearChange:
+ 4.8%
One YearChange:
- 12.7%
Two YearChange:
+ 1.8%
50
60
70
80
90
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Historical Days on Market Until Sale
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 5
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8/9/2019 Market Stats April 2010
6/15
Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS
$185,651 $185,300 $185,000
2008 2009 2010
April
$185,000 $181,000 $180,000
2008 2009 2010
January through April
$185,651 $185,300 $185,000
April
$185,000 $181,000 $180,000
Year to Date
One YearChange:
- 0.2%
Two YearChange:
- 0.4%
One YearChange:
- 0.6%
Two YearChange:
- 2.7%
Figures do not take into account seller concessions.
$185,651 $185,300 $185,000
2008 2009 2010
April
$185,000 $181,000 $180,000
2008 2009 2010
January through April
$185,651 $185,300 $185,000
2008 2009 2010
April
$185,000 $181,000 $180,000
2008 2009 2010
Year to Date
One YearChange:
- 0.2%
Two YearChange:
- 0.4%
One YearChange:
- 0.6%
Two YearChange:
- 2.7%
$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
Historical Median Prices
Figures do not take into account seller concessions.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 6
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8/9/2019 Market Stats April 2010
7/15
Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS
$238,061$227,567 $232,012
2008 2009 2010
April$237,372
$229,170 $231,436
2008 2009 2010
January through April
$238,061$227,567 $232,012
April$237,372
$229,170 $231,436
Year to Date
One YearChange:
+ 2.0%
Two YearChange:
- 2.5%
One YearChange:
+ 1.0%
Two YearChange:
- 2.5%
Figures do not take into account seller concessions.$238,061
$227,567 $232,012
2008 2009 2010
April$237,372
$229,170 $231,436
2008 2009 2010
January through April
$238,061$227,567 $232,012
2008 2009 2010
April$237,372
$229,170 $231,436
2008 2009 2010
Year to Date
One YearChange:
+ 2.0%
Two YearChange:
- 2.5%
One YearChange:
+ 1.0%
Two YearChange:
- 2.5%
$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
Historical Average Prices
Figures do not take into account seller concessions.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 7
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8/9/2019 Market Stats April 2010
8/15
Percent of Original List Price Received at SaleA Monthly Indicator from the Austin Board of REALTORS
95.4%
92.9%
94.8%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
April
94.6%
92.2%
94.2%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
Year to Date
One YearChange:
+ 2.2%Two YearChange:
- 0.5%
The Percent of Original List Price Received at Sale is calculated by comparingthe 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 doesnot account for seller concessions.
One YearChange:
Two YearChange:
+ 2.0%
- 0.6%
95.4%
92.9%
94.8%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
April
94.6%
92.2%
94.2%
80.0%
85.0%
90.0%
95.0%
100.0%
2008 2009 2010
Year to Date
One YearChange:
+ 2.2%Two YearChange:
- 0.5%
80.0%
85.0%
90.0%
95.0%
100.0%
Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Historical Percent of Original List Price Received at Sale
The Percent of Original List Price Received at Sale is calculated by comparingthe 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 doesnot account for seller concessions.
One YearChange:
Two YearChange:
+ 2.0%
- 0.6%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 8
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8/9/2019 Market Stats April 2010
9/15
Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS
139
154
142
2008 2009 2010
April
139
154
142
April
One YearChange:
- 8.2%
Two YearChange:
+ 2.0%
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 homeusing a 20% down, 30-year fixed rate mortgage.
139
154
142
2008 2009 2010
April
139
154
142
2008 2009 2010
April
One YearChange:
- 8.2%
Two YearChange:
+ 2.0%
120
130
140
150
160
170
180
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Historical Housing Affordability Index
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 homeusing a 20% down, 30-year fixed rate mortgage.
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 9
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8/9/2019 Market Stats April 2010
10/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Inventory of Active Listings
1,717
2,5912,752
2,565
1,671
1,040
356 340 360 302167
42
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 andabove
Single-Family
Condo-Townhouse11,194
1,3261,142
241
Single-Family Condo-Townhouse
Previously Owned
New Construction
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
7.4 7.4
8.2
5.24.8
7.8
7.1 7.0
8.1
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All
1,717
2,5912,752
2,565
1,671
1,040
356 340 360 302167
42
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 andabove
Single-Family
Condo-Townhouse11,194
1,3261,142
241
Single-Family Condo-Townhouse
Previously Owned
New Construction
6.25.4
6.27.2
10.5
24.6
5.7 6.3
8.9
10.8
24.7 25.2
6.1 5.56.5
7.5
11.1
24.6
Up to $125,000 $125,001 to$175,000
$175,001 to$250,000
$250,001 to$400,000
$400,001 andabove
$750,001 andabove
Single-Family
Condo-Townhouse
All
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 10
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8/9/2019 Market Stats April 2010
11/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Under $125,000Inventory Months Supply
2,004
1,662
342
69 55 14
All Sin le-Famil Condo-Townhouse
Previously Owned
New Construction
6.1 6.25.85.7
6.1
4.5
All Single-Family Condo-Townhouse
Previously Owned
New Construction
$125,001 to $175,000Inventory Months Supply
2,004
1,662
342
69 55 14
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.1 6.25.85.7
6.1
4.5
All Single-Family Condo-Townhouse
Previously Owned
New Construction
2,707
2,406
301224 18539
All Single-Family Condo-Townhouse
Previously Owned
New Construction
5.8 5.7
6.9
3.3 3.23.8
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 11
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8/9/2019 Market Stats April 2010
12/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$175,001 to $250,000Inventory Months Supply
2,762
2,454
308350 298
52
All Sin le-Famil Condo-Townhouse
Previously Owned
New Construction
6.8 6.6
9.0
4.64.3
8.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
$250,001 to $400,000Inventory Months Supply
2,762
2,454
308350 298
52
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.8 6.6
9.0
4.64.3
8.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
2,527
2,296
231340 269
71
All Single-Family Condo-Townhouse
Previously Owned
New Construction
8.1 7.8
12.5
4.9 4.5
7.5
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 12
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8/9/2019 Market Stats April 2010
13/15
Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$400,001 to $750,000Inventory Months Supply
1,5841,463
121
254 208
46
All Sin le-Famil Condo-Townhouse
Previously Owned
New Construction
12.0 11.5
24.6
7.56.5
25.1
All Single-Family Condo-Townhouse
Previously Owned
New Construction
$750,001 and aboveInventory Months Supply
1,5841,463
121
254 208
46
All Single-Family Condo-Townhouse
Previously Owned
New Construction
12.0 11.5
24.6
7.56.5
25.1
All Single-Family Condo-Townhouse
Previously Owned
New Construction
936 913
23
146 127
19
All Single-Family Condo-Townhouse
Previously Owned
New Construction25.5 26.1
13.8
20.1
17.5
0.0
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 13
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8/9/2019 Market Stats April 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
Feb 3,495 3,069 + 13.9% 3,380 6,813 6,215 + 9.6% 6,818
Mar 4,680 3,667 + 27.6% 4,164 11,493 9,882 + 16.3% 10,981
Apr 4,957 3,631 + 36.5% 4,309 16,450 13,513 + 21.7% 15,291
Pending Sales Feb 1,826 1,398 + 30.6% 1,980 3,330 2,736 + 21.7% 3,792Mar 2,548 1,855 + 37.4% 2,462 5,878 4,591 + 28.0% 6,254
Apr 3,254 1,956 + 66.4% 2,642 9,132 6,547 + 39.5% 8,896
Closed Sales Feb 1,249 1,195 + 4.5% 1,584 2,238 2,107 + 6.2% 2,904
Mar 1,959 1,501 + 30.5% 2,141 4,197 3,608 + 16.3% 5,046
Apr 2,081 1,708 + 21.8% 2,196 6,278 5,316 + 18.1% 7,242
Days on Market Until Sale Feb 72 84 - 14.1% 71 75 83 - 9.6% 73
Mar 69 83 - 16.7% 69 72 83 - 12.9% 71
April 2010
New Listings
Apr 67 76 - 11.9% 63 70 81 - 12.7% 69
Median Sales Price Feb $180,000 $187,900 - 4.2% $177,980 $177,000 $181,500 - 2.5% $176,110
Mar $178,000 $179,375 - 0.8% $177,375 $178,000 $180,000 - 1.1% $176,680
Apr $185,000 $185,300 - 0.2% $181,990 $180,000 $181,000 - 0.6% $178,100
Average Sales Price Feb $231,299 $236,476 - 2.2% $230,360 $231,241 $231,275 - 0.0% $230,989
Mar $231,047 $228,039 + 1.3% $232,773 $231,150 $229,929 + 0.5% $231,740
Apr $232,012 $227,567 + 2.0% $233,966 $231,436 $229,170 + 1.0% $232,380
Total Active Listings Available Feb 11,809 NA --
Mar 12,550 NA -- -- -- -- -- --
Apr 12,550 NA --Feb 93.6% 91.7% + 2.0% 94.6% 94.6% 91.5% + 3.3% 93.4%
Mar 94.4% 92.3% + 2.3% 95.0% 95.0% 91.8% + 3.4% 93.8%
Apr 94.8% 92.9% + 2.0% 95.5% 95.5% 92.2% + 3.6% 94.2%
Housing Affordability Index Feb 158 147 + 7.4% 149
Mar 146 157 - 6.9% 148 -- -- -- --
Apr 142 154 - 8.2% 145
Months Supply of Inventory Feb 6.5 NA --
Mar 6.6 NA -- -- -- -- -- --Apr 6.6 NA --
Percent of Original List
Price Received at Sale
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 14
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8/9/2019 Market Stats April 2010
15/15
Annual ReviewA free research tool from the Austin Board of REALTORS
26,891
30,293
28,051
96.3% 96.8% 96.1%
April
$160,000$171,500
$184,000
96.3% 96.8% 96.1%
January through April
26,891
30,293
28,051
22,43720,906
Closed Sales
67
59 57
67
76Days on Market Until Sale
+ 12.7% - 7.4% - 20.0% - 12.8% - 2.4% + 17.1%- 6.8% + 12.5%
26,891
30,293
28,051
96.3% 96.8% 96.1%
April
$160,000$171,500
$184,000
96.3% 96.8% 96.1%
January through April
26,891
30,293
28,051
22,43720,906
2005 2006 2007 2008 2009
Closed Sales
67
59 57
67
76
2005 2006 2007 2008 2009
Days on Market Until Sale
$160,000$171,500
$184,000 $187,500 $185,000
2005 2006 2007 2008 2009
Median Sales Price
96.3%96.8%
96.1%
94.3%
93.4%
2005 2006 2007 2008 2009
Percent of Original List Price Received at Sale
+ 12.7% - 7.4% - 20.0% - 12.8% - 2.4% + 17.1%
+ 7.2% + 7.3% + 1.9%+ 0.5% - 0.7% - 1.8%
- 6.8% + 12.5%
- 1.3%- 1.0%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 15
