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Austin Real Estate Market Statistics For June 2009
Austin Real Estate Market Statistics For June 2009
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 1
New Listings
A Monthly Indicator from the Austin Board of REALTORS®
4,463
4,088 24,703
24,189
3,647
20,622
- 10.8% - 16.5%
Two Year Two Year
Change: Change:
- 18.3% - 14.7%
3,500
3,000
2,500
2,000
1,500
1,000
500
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 2
Pending Sales
A Monthly Indicator from the Austin Board of REALTORS®
3,500
3,000
2,500
2,000
1,500
1,000
500
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 3
Closed Sales
A Monthly Indicator from the Austin Board of REALTORS®
- 11.3% - 24.0%
Two Year Two Year
Change: Change:
- 30.5% - 37.7%
2007 2008 2009 2007 2008 2009
2007 2008 2009 2007 2008 2009
3,500
3,000
2,500
2,000
1,500
1,000
500
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 4
Days on Market Until Sale
A Monthly Indicator from the Austin Board of REALTORS®
66
66
61
61
57
57
51
51
80
70
60
50
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 5
Median Sales Price
A Monthly Indicator from the Austin Board of REALTORS®
$190,000
$180,000
$170,000
$160,000
$150,000
$140,000
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 6
Average Sales Price
A Monthly Indicator from the Austin Board of REALTORS®
$253,639 $254,331
$253,639 $254,331 $246,844
$246,844 $243,896 $244,262
$243,896 $244,262 $236,763
$236,763
$240,000
$220,000
$200,000
$180,000
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 7
Percent of Original List Price Received at Sale
A Monthly Indicator from the Austin Board of REALTORS®
June Year to Date 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
100.0% 100.0% account for list prices from any previous listing contracts. The sales price does
not account for seller concessions.
97.2% 96.9%
95.3% 95.0%
95.0%
93.6% 95.0%
92.7%
90.0% 90.0%
One Year
One Year
Change:
85.0% Change:
85.0%
- 1.8%
- 2.3%
Two Year
Change: Two Year
Change:
- 3.7%
- 4.3%
80.0% 80.0%
95.0%
90.0%
85.0%
80.0%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 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
June
April 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.
142
134 142
134 129
129
One Year
Change:
+ 9.9%
Two Year
Change:
+ 5.8%
2007 2008 2009
2007 2008 2009
170
160
150
140
130
120
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 9
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®
2,067
1,870
1,685
1,086 1,071
Single-Family 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
11.9 34.6
10.4 28.4 29.2
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
Previously Owned
New Construction
1,338 Previously Owned 22.8
New Construction
1,032
7.7
6.2 6.7
306 5.0 4.6
73 54 19
$125,001 to $175,000
Inventory Months Supply
Previously Owned
1,788
Previously Owned New Construction
8.8
1,539 New Construction
5.5
4.7
4.3
3.3
3.0
188 249
146
42
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 11
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®
$175,001 to $250,000
Inventory Months Supply
Previously Owned
Previously Owned New Construction
2,069 13.9
New Construction
1,767 11.9
6.2 5.7
4.5
3.9
373
300 302
73
$250,001 to $400,000
Inventory Months Supply
Previously Owned
Previously Owned New Construction
2,429
New Construction
2,157 19.7 19.0
9.5 8.9
5.8
481 4.5
342
272
139
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 12
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®
$400,001 to $750,000
Inventory Months Supply
Previously Owned
1,590 New Construction 56.3
1,510 Previously Owned
New Construction
20.9
496
14.9 14.7
360 12.0
9.2
136
80
271
227
29.5 28.3 29.7 24.3 24.0
44
20
All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 13
Market Overview
A Monthly Indicator from the Austin Board of REALTORS®
5-Year
2009 2008
Percent 5-Year Percent Year-to-
June 2009 2009 2008
Change Average
Year-to-
Date
Year-to-
Date
Change Date
Average
New Listings Apr 3,631 4,428 - 18.0% 4,137 13,506 16,273 - 17.0% 14,921
May 3,469 4,342 - 20.1% 4,130 16,975 20,615 - 17.7% 19,051
Jun 3,647 4,088 - 10.8% 4,114 20,622 24,703 - 16.5% 23,165
Pending Sales Apr 1,987 2,339 - 15.0% 2,495 6,584 8,794 - 25.1% 8,813
May 2,235 2,356 - 5.1% 2,678 8,819 11,150 - 20.9% 11,491
Jun 2,323 2,189 + 6.1% 2,652 11,142 13,339 - 16.5% 14,143
Closed Sales Apr 1,682 2,191 - 23.2% 2,205 5,265 7,379 - 28.6% 7,454
May 1,823 2,352 - 22.5% 2,526 7,088 9,731 - 27.2% 9,980
Jun 2,147 2,421 - 11.3% 2,739 9,235 12,152 - 24.0% 12,718
Days on Market Until Sale Apr 75 64 + 18.1% 64 80 69 + 16.4% 70
May 76 61 + 23.0% 62 79 67 + 17.8% 68
Jun 77 61 + 25.4% 61 79 66 + 19.1% 66
Median Sales Price Apr $185,300 $185,562 - 0.1% $176,372 $181,000 $185,000 - 2.2% $172,920
May $190,000 $192,000 - 1.0% $178,914 $185,000 $186,500 - 0.8% $174,700
Jun $196,000 $196,000 - 0.0% $184,400 $187,500 $188,700 - 0.6% $176,884
Average Sales Price Apr $227,547 $238,074 - 4.4% $227,783 $228,856 $237,411 - 3.6% $225,586
May $247,725 $255,391 - 3.0% $238,761 $233,709 $241,757 - 3.3% $228,900
Jun $246,844 $254,331 - 2.9% $239,843 $236,763 $244,262 - 3.1% $231,261
Total Active Listings Available Apr 12,327 NA --
May 12,136 NA -- -- -- -- -- --
Jun 11,795 NA --
Percent of Original List Price Apr 92.9% 95.4% - 2.6% 95.8% 95.8% 94.6% + 1.2% 92.1%
May 93.4% 95.7% - 2.4% 96.1% 96.1% 94.9% + 1.3% 92.5%
Jun 93.6% 95.3% - 1.8% 96.0% 96.0% 95.0% + 1.2% 92.7%
Housing Affordability Index Apr 154 139 + 11.1% 149
May 146 134 + 8.8% 146 -- -- -- --
Jun 142 129 + 9.9% 141
Months Supply of Inventory Apr 7.1 NA --
May 7.4 NA -- -- -- -- -- --
Jun 7.2 NA --
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®
94.3%
2004 2005 2006 2007 2008 2004 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