August 2010 Market Statistics | Austin Real Estate

8/8/2019 August 2010 Market Statistics | Austin Real Estate

1/15


2/15

New ListingsA Monthly Indicator from the Austin Board of REALTORS

3,5443,281

2,978

2008 2009 2010

August

28,153 27,610

30,366

2008 2009 2010

Year to Date

One YearChange:

- 9.2%

Two YearChange:

- 16.0%

One YearChange:

+ 10.0%

Two YearChange:

+ 7.9%

3,5443,281

2,978

2008 2009 2010

August

28,153 27,610

30,366

2008 2009 2010

Year to Date

One YearChange:

- 9.2%

Two YearChange:

- 16.0%

One YearChange:

+ 10.0%

Two YearChange:

+ 7.9%

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 2

Team Price Real Estate | http://www.teamprice.com


3/15

Pending SalesA Monthly Indicator from the Austin Board of REALTORS

1,848

2,045

1,700

2008 2009 2010

April

17,305

15,010 15,151

2008 2009 2010

January through April

1,848

2,045

1,700

August

17,305

15,010 15,151

Year to Date

One YearChange:

- 16.9%

Two YearChange:

- 8.0%

One YearChange:

+ 0.9%

Two YearChange:

- 12.4%

1,848

2,045

1,700

2008 2009 2010

April

17,305

15,010 15,151

2008 2009 2010


1,848

2,045

1,700

2008 2009 2010

August

17,305

15,010 15,151

2008 2009 2010

Year to Date

One YearChange:

- 16.9%

Two YearChange:

- 8.0%

One YearChange:

+ 0.9%

Two YearChange:

- 12.4%

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000







4/15

Closed SalesA Monthly Indicator from the Austin Board of REALTORS

2,214

1,975

1,568

2008 2009 2010

April

16,660

13,71514,212

2008 2009 2010


2,214

1,975

1,568

August

16,660

13,71514,212

Year to Date

- 20.6%

One YearChange:

+ 3.6%

Two YearChange:

- 14.7%

One YearChange:

Two YearChange:

- 29.2%

2,214

1,975

1,568

2008 2009 2010

April

16,660

13,71514,212

2008 2009 2010


2,214

1,975

1,568

2008 2009 2010

August

16,660

13,71514,212

2008 2009 2010

Year to Date

- 20.6%

One YearChange:

+ 3.6%

Two YearChange:

- 14.7%

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500




One YearChange:

Two YearChange:

- 29.2%




5/15

Days on Market Until SaleA Monthly Indicator from the Austin Board of REALTORS

65

73 72

2008 2009 2010

April

65

77

69

2008 2009 2010


65

73 72

2008 2009 2010

August

65

77

69

2008 2009 2010

Year to Date

One YearChange:

- 1.4%

Two YearChange:

+ 10.4%

One YearChange:

- 10.7%

Two YearChange:

+ 5.0%

65

73 72

2008 2009 2010

April

65

77

69

2008 2009 2010


65

73 72

2008 2009 2010

August

65

77

69

2008 2009 2010

Year to Date

One YearChange:

- 1.4%

Two YearChange:

+ 10.4%

One YearChange:

- 10.7%

Two YearChange:

+ 5.0%

50

60

70

80

90


Historical Days on Market Until Sale




6/15

Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS

$192,190$185,370

$195,331

2008 2009 2010

April

$189,500 $186,500 $189,000

2008 2009 2010


$192,190$185,370

$195,331

August

$189,500 $186,500 $189,000

Year to Date

One YearChange:

+ 5.4%

Two YearChange:

+ 1.6%

One YearChange:

+ 1.3%

Two YearChange:

- 0.3%

Figures do not take into account seller concessions.

$192,190$185,370

$195,331

2008 2009 2010

April

$189,500 $186,500 $189,000

2008 2009 2010


$192,190$185,370

$195,331

2008 2009 2010

August

$189,500 $186,500 $189,000

2008 2009 2010

Year to Date

One YearChange:

+ 5.4%

Two YearChange:

+ 1.6%

One YearChange:

+ 1.3%

Two YearChange:

- 0.3%

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000


Historical Median Prices





7/15

Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS

$249,782$235,928

$260,456

2008 2009 2010

April

$245,989$236,710

$245,605

2008 2009 2010


$249,782$235,928

$260,456

August

$245,989$236,710

$245,605

Year to Date

One YearChange:

+ 10.4%

Two YearChange:

+ 4.3%

One YearChange:

+ 3.8%

Two YearChange:

- 0.2%


$249,782$235,928

$260,456

2008 2009 2010

April

$245,989$236,710

$245,605

2008 2009 2010


$249,782$235,928

$260,456

2008 2009 2010

August

$245,989$236,710

$245,605

2008 2009 2010

Year to Date

One YearChange:

+ 10.4%

Two YearChange:

+ 4.3%

One YearChange:

+ 3.8%

Two YearChange:

- 0.2%

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000


Historical Average Prices





8/15

Percent of Original List Price Received at SaleA Monthly Indicator from the Austin Board of REALTORS

94.4% 94.1%

92.4%

2008 2009 2010

August

94.9%

93.2%93.9%

2008 2009 2010

Year to Date

One YearChange:

+ 0.9%Two YearChange:

- 1.0%

The Percent of Original List Price Received at Sale is calculated bycomparing the final sales prices of closed sales to their original list prices.

This does not account for list prices from any previous listing contracts. Thesales price does not account for seller concessions.

One YearChange:

Two YearChange:

- 1.9%

- 2.1%

94.4% 94.1%

92.4%

2008 2009 2010

August

94.9%

93.2%93.9%

2008 2009 2010

Year to Date

One YearChange:

+ 0.9%Two YearChange:

- 1.0%

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 bycomparing the final sales prices of closed sales to their original list prices.

This does not account for list prices from any previous listing contracts. Thesales price does not account for seller concessions.

One YearChange:

Two YearChange:

- 1.9%

- 2.1%




9/15

Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS

132

152

135

2008 2009 2010

April

132

152

135

August

One YearChange:

- 11.1%

Two YearChange:

+ 2.0%

The HAI formula measures housing affordability for the Austin Housing Market. An HAI of120 means the median family income is 120% of the necessary income to qualify for themedian priced home using a 20% down, 30-year fixed rate mortgage.

132

152

135

2008 2009 2010

April

132

152

135

2008 2009 2010

August

One YearChange:

- 11.1%

Two YearChange:

+ 2.0%

120

130

140

150

160

170

180


Historical Housing Affordability Index

The HAI formula measures housing affordability for the Austin Housing Market. An HAI of120 means the median family income is 120% of the necessary income to qualify for themedian priced home using a 20% down, 30-year fixed rate mortgage.




10/15

Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

Inventory of Active Listings

1,507

2,4992,663

2,528

1,641

1,062

372 317 314 305149

56

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-Townhouse

10,543

1,2301,357

283


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.

7.8 7.88.4

6.96.4

10.3

7.7 7.6

8.7

All Single-Family Condo-Townhouse

Previously Owned

New Construction

All

1,507

2,4992,663

2,528

1,641

1,062

372 317 314 305149

56

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


10,543

1,2301,357

283


Previously Owned

New Construction

6.0 6.17.2 7.6

10.4

22.6

6.8 7.08.4

11.7

17.5

39.5

6.1 6.27.3 7.9

10.8

23.1

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




11/15


Under $125,000Inventory Months Supply

1,805

1,446

359

74 61 13

All Sin le-Famil Condo-Townhouse

Previously Owned

New Construction

6.1 5.9

6.9

7.8

8.8

5.0


Previously Owned

New Construction

$125,001 to $175,000Inventory Months Supply

1,805

1,446

359

74 61 13


Previously Owned

New Construction

6.1 5.9

6.9

7.8

8.8

5.0


Previously Owned

New Construction

2,485

2,216

269331 283

48


Previously Owned

New Construction

6.3 6.2

7.4

5.3 5.3 5.3


Previously Owned

New Construction




12/15



2,571

2,319

252406 344

62


Previously Owned

New Construction

7.6 7.58.0

5.95.5

10.2


Previously Owned

New Construction


2,571

2,319

252406 344

62


Previously Owned

New Construction

7.6 7.58.0

5.95.5

10.2


Previously Owned

New Construction

2,4172,211

206

416317

99


Previously Owned

New Construction

8.2 8.0

11.4

6.55.7

12.4


Previously Owned

New Construction




13/15



1,5201,411

109

270 230

40


Previously Owned

New Construction

11.1 10.9

16.4

9.38.4

21.8


Previously Owned

New Construction

$750,001 and aboveInventory Months Supply

1,5201,411

109

270 230

40


Previously Owned

New Construction

11.1 10.9

16.4

9.38.4

21.8


Previously Owned

New Construction

975 940

35

143 122

21


Previously Owned

New Construction

22.6 22.624.7

27.2

23.2

0.0


Previously Owned

New Construction




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

Jun 3,792 3,650 + 3.9% 4,062 23,714 20,639 + 14.9% 23,368

Jul 3,674 3,690 - 0.4% 3,938 27,388 24,329 + 12.6% 26,495

Aug 2,978 3,281 - 9.2% 3,563 30,366 27,610 + 10.0% 30,058

Pending Sales Jun 1,684 2,150 - 21.7% 2,404 11,746 10,876 + 8.0% 13,603Jul 1,705 2,089 - 18.4% 2,302 13,451 12,965 + 3.7% 15,905

Aug 1,700 2,045 - 16.9% 2,129 15,151 15,010 + 0.9% 18,034

Closed Sales Jun 2,199 2,271 - 3.2% 2,664 9,455 NA 12,452

Jul 1,623 2,285 - 29.0% 2,431 12,644 11,740 + 7.7% 14,883

Aug 1,568 1,975 - 20.6% 2,336 14,212 13,715 + 3.6% 17,219

Days on Market Until Sale Jun 67 76 - 12.9% 62 68 79 - 13.6% 66

Jul 70 73 - 3.6% 62 68 77 - 12.0% 65

August 2010

New Listings

Aug 72 73 - 1.4% 64 69 77 - 10.7% 65

Median Sales Price Jun $199,000 $195,000 + 2.1% $191,000 $185,000 $187,000 - 1.1% $182,384

Jul $212,000 $187,000 + 13.4% $190,400 $188,000 $187,000 + 0.5% $183,362

Aug $195,331 $185,370 + 5.4% $188,483 $189,000 $186,500 + 1.3% $184,080

Average Sales Price Jun $265,692 $245,000 + 8.4% $250,697 $238,874 $236,419 + 1.0% $238,249

Jul $276,970 $238,589 + 16.1% $250,981 $243,764 $236,841 + 2.9% $240,082

Aug $260,456 $235,928 + 10.4% $247,301 $245,605 $236,710 + 3.8% $240,990

Total Active Listings Available Jun 14,545 11,681 + 24.5%

Jul 14,573 11,449 + 27.3% -- -- -- -- --

Aug 13,706 10,940 + 25.3%Jun 94.1% 93.7% + 0.4% 95.5% 95.5% 92.8% + 3.0% 94.3%

Jul 93.2% 93.9% - 0.8% 95.1% 95.1% 93.0% + 2.3% 94.1%

Aug 92.4% 94.1% - 1.9% 94.7% 94.7% 93.2% + 1.6% 93.9%

Housing Affordability Index Jun 133 143 - 6.7% 136

Jul 126 149 - 15.5% 137 -- -- -- --

Aug 135 152 - 11.1% 139

Months Supply of Inventory Jun 7.9 7.0 - 6.7%

Jul 8.1 6.9 - 15.5% -- -- -- -- --Aug 7.7 6.5 - 11.1%

Percent of Original List

Price Received at Sale




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%


26,891

30,293

28,051

22,43720,905

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%


26,891

30,293

28,051

22,43720,905

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%



Documents

August 2010 Market Statistics | Austin Real Estate