8/9/2019 Austin Market Stats - May 2010

1/15

New Listings 2

Pending Sales 3

Residential Sales ReportMay 2010May 2010 provided our first month of data after an extensive 18-month

tax credit party. And the hangover has apparently set in. The tax credit

clearly propped up sales, so they predictably took a substantial dip a

month after it ex ired Pendin Sales decreased 26 8 ercent

A free research tool from the Austin Board of REALTORSbrought to you by the unique data-sharing traditions of the REALTOR community

Closed Sales 4Days 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

. .

compared to last May to 1,598 purchase agreements signed. Keep inmind that closed sales will remain strong through the end of June as

buyers wrap up before the June 30 closing date deadline. In fact, there

were 2,163 Closed Sales, up 15.8 percent over last year at this time.

New Listings posted a slight decrease to 3,463 new homes on the

market, representing a 0.4 percent year-over-year decrease. This left

13,787 Total Active Listings for sale at month's end.

As expected, Median Sales Price did post a slight 1.1 percent decrease

over the same period last year, landing at $188,000. We anticipateprices remaining relatively soft due to the displaced demand effect.

It still remains to be seen whether the dip in buyer activity is a short-

term effect of the credit deadline passing or a result of long-term

changes in demand. Regardless, we expect a slowed summer selling

season.

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

8/9/2019 Austin Market Stats - May 2010

2/15

New ListingsA Monthly Indicator from the Austin Board of REALTORS

4,342

3,476 3,463

2008 2009 2010

May

20,615

16,989

19,918

2008 2009 2010

Year to Date

One YearChange:

- 0.4%

Two YearChange:

- 20.2%

One YearChange:

+ 17.2%

Two YearChange:

- 3.4%

4,342

3,476 3,463

2008 2009 2010

May

20,615

16,989

19,918

2008 2009 2010

Year to Date

One YearChange:

- 0.4%

Two YearChange:

- 20.2%

One YearChange:

+ 17.2%

Two YearChange:

- 3.4%

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

8/9/2019 Austin Market Stats - May 2010

3/15

Pending SalesA Monthly Indicator from the Austin Board of REALTORS

2,355

2,183

1,598

2008 2009 2010

April

11,145

8,728

10,412

2008 2009 2010

January through April

2,355

2,183

1,598

May

11,145

8,728

10,412

Year to Date

One YearChange:

- 26.8%

Two YearChange:

- 32.1%

One YearChange:

19.3%

Two YearChange:

-6.6%

2,355

2,183

1,598

2008 2009 2010

April

11,145

8,728

10,412

2008 2009 2010

January through April

2,355

2,183

1,598

2008 2009 2010

May

11,145

8,728

10,412

2008 2009 2010

Year to Date

One YearChange:

- 26.8%

Two YearChange:

- 32.1%

One YearChange:

19.3%

Two YearChange:

-6.6%

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

8/9/2019 Austin Market Stats - May 2010

4/15

Closed SalesA Monthly Indicator from the Austin Board of REALTORS

2,352

1,868

2,163

2008 2009 2010

April

9,732

7,184

8,625

2008 2009 2010

January through April

2,352

1,868

2,163

May

9,732

7,184

8,625

Year to Date

+ 15.8%

One YearChange:

+ 20.1%

Two YearChange:

- 11.4%

One YearChange:

Two YearChange:

- 8.0%

2,352

1,868

2,163

2008 2009 2010

April

9,732

7,184

8,625

2008 2009 2010

January through April

2,352

1,868

2,163

2008 2009 2010

May

9,732

7,184

8,625

2008 2009 2010

Year to Date

+ 15.8%

One YearChange:

+ 20.1%

Two YearChange:

- 11.4%

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:

- 8.0%

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 4

8/9/2019 Austin Market Stats - May 2010

5/15

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

61

75

62

2008 2009 2010

April

67

79

68

2008 2009 2010

January through April

61

75

62

2008 2009 2010

May

67

79

68

2008 2009 2010

Year to Date

One YearChange:

- 18.3%

Two YearChange:

+ 0.2%

One YearChange:

- 14.2%

Two YearChange:

+ 1.1%

61

75

62

2008 2009 2010

April

67

79

68

2008 2009 2010

January through April

61

75

62

2008 2009 2010

May

67

79

68

2008 2009 2010

Year to Date

One YearChange:

- 18.3%

Two YearChange:

+ 0.2%

One YearChange:

- 14.2%

Two YearChange:

+ 1.1%

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

8/9/2019 Austin Market Stats - May 2010

6/15

Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS

$192,000 $190,000 $188,000

2008 2009 2010

April

$186,500 $185,000 $182,000

2008 2009 2010

January through April

$192,000 $190,000 $188,000

May

$186,500 $185,000 $182,000

Year to Date

One YearChange:

- 1.1%

Two YearChange:

- 2.1%

One YearChange:

- 1.6%

Two YearChange:

- 2.4%

Figures do not take into account seller concessions.

$192,000 $190,000 $188,000

2008 2009 2010

April

$186,500 $185,000 $182,000

2008 2009 2010

January through April

$192,000 $190,000 $188,000

2008 2009 2010

May

$186,500 $185,000 $182,000

2008 2009 2010

Year to Date

One YearChange:

- 1.1%

Two YearChange:

- 2.1%

One YearChange:

- 1.6%

Two YearChange:

- 2.4%

$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

8/9/2019 Austin Market Stats - May 2010

7/15

Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS

$255,391$246,616

$239,086

2008 2009 2010

April

$241,727$233,706 $232,647

2008 2009 2010

January through April

$255,391$246,616

$239,086

May

$241,727$233,706 $232,647

Year to Date

One YearChange:

- 3.1%

Two YearChange:

- 6.4%

One YearChange:

- 0.5%

Two YearChange:

- 3.8%

Figures do not take into account seller concessions.

$255,391$246,616

$239,086

2008 2009 2010

April

$241,727$233,706 $232,647

2008 2009 2010

January through April

$255,391$246,616

$239,086

2008 2009 2010

May

$241,727$233,706 $232,647

2008 2009 2010

Year to Date

One YearChange:

- 3.1%

Two YearChange:

- 6.4%

One YearChange:

- 0.5%

Two YearChange:

- 3.8%

$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

8/9/2019 Austin Market Stats - May 2010

8/15

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

95.7%

93.4%

94.8%

2008 2009 2010

May

94.9%

92.5%

94.3%

2008 2009 2010

Year to Date

One YearChange:

+ 2.0%Two YearChange:

- 0.6%

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:

+ 1.5%

- 1.0%

95.7%

93.4%

94.8%

2008 2009 2010

May

94.9%

92.5%

94.3%

2008 2009 2010

Year to Date

One YearChange:

+ 2.0%Two YearChange:

- 0.6%

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:

+ 1.5%

- 1.0%

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 8

8/9/2019 Austin Market Stats - May 2010

9/15

Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS

134

146140

2008 2009 2010

April

134

146140

May

One YearChange:

- 4.0%

Two YearChange:

+ 4.5%

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.

134

146140

2008 2009 2010

April

134

146140

2008 2009 2010

May

One YearChange:

- 4.0%

Two YearChange:

+ 4.5%

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 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.

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 9

8/9/2019 Austin Market Stats - May 2010

10/15

Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

Inventory of Active Listings

1,382

2,293

2,671 2,739

1,741

1,120

357 320 343 329152

47

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-Townhouse10,701

1,3141,245

234

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 7.3

8.4

5.85.6

7.77.2 7.1

8.3

All Single-Family Condo-Townhouse

Previously Owned

New Construction

All

1,382

2,293

2,671 2,739

1,741

1,120

357 320 343 329152

47

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-Townhouse10,701

1,3141,245

234

Single-Family Condo-Townhouse

Previously Owned

New Construction

5.2 5.06.4

7.9

11.1

25.5

6.0 6.2

8.6

12.0

22.0

28.2

5.4 5.16.6

8.2

11.5

25.6

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

8/9/2019 Austin Market Stats - May 2010

11/15

Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

Under $125,000Inventory Months Supply

1,673

1,330

343

66 52 14

All Sin le-Famil Condo-Townhouse

Previously Owned

New Construction

5.3 5.2

6.15.8

6.3

4.4

All Single-Family Condo-Townhouse

Previously Owned

New Construction

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

1,673

1,330

343

66 52 14

All Single-Family Condo-Townhouse

Previously Owned

New Construction

5.3 5.2

6.15.8

6.3

4.4

All Single-Family Condo-Townhouse

Previously Owned

New Construction

2,382

2,101

281231 19239

All Single-Family Condo-Townhouse

Previously Owned

New Construction

5.3 5.2

6.7

3.6 3.64.1

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

8/9/2019 Austin Market Stats - May 2010

12/15

Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

$175,001 to $250,000Inventory Months Supply

2,644

2,348

296370 323

47

All Sin le-Famil Condo-Townhouse

Previously Owned

New Construction

6.9 6.7

8.9

5.0 4.8

7.2

All Single-Family Condo-Townhouse

Previously Owned

New Construction

$250,001 to $400,000Inventory Months Supply

2,644

2,348

296370 323

47

All Single-Family Condo-Townhouse

Previously Owned

New Construction

6.9 6.7

8.9

5.0 4.8

7.2

All Single-Family Condo-Townhouse

Previously Owned

New Construction

2,682

2,431

251386 308

78

All Single-Family Condo-Townhouse

Previously Owned

New Construction

8.8 8.5

13.8

5.7 5.3

8.4

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

8/9/2019 Austin Market Stats - May 2010

13/15

Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

$400,001 to $750,000Inventory Months Supply

1,6261,511

115

267 230

37

All Sin le-Famil Condo-Townhouse

Previously Owned

New Construction

12.3 11.9

23.0

8.4 7.7

19.3

All Single-Family Condo-Townhouse

Previously Owned

New Construction

$750,001 and aboveInventory Months Supply

1,6261,511

115

267 230

37

All Single-Family Condo-Townhouse

Previously Owned

New Construction

12.3 11.9

23.0

8.4 7.7

19.3

All Single-Family Condo-Townhouse

Previously Owned

New Construction

1,008 980

28

159 140

19

All Single-Family Condo-Townhouse

Previously Owned

New Construction25.8 26.3

16.8

23.9

21.0

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

8/9/2019 Austin Market Stats - May 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

Mar 4,680 3,667 + 27.6% 4,164 11,493 9,882 + 16.3% 10,981

Apr 4,962 3,631 + 36.7% 4,310 16,455 13,513 + 21.8% 15,292

May 3,463 3,476 - 0.4% 4,013 19,918 16,989 + 17.2% 19,305

Pending Sales Mar 2,478 1,855 + 33.6% 2,448 5,779 4,591 + 25.9% 6,234Apr 3,035 1,954 + 55.3% 2,597 8,814 6,545 + 34.7% 8,832

May 1,598 2,183 - 26.8% 2,438 10,412 8,728 + 19.3% 11,270

Closed Sales Mar 1,988 1,501 + 32.4% 2,147 4,241 3,608 + 17.5% 5,054

Apr 2,221 1,708 + 30.0% 2,224 6,462 5,316 + 21.6% 7,279

May 2,163 1,868 + 15.8% 2,470 8,625 7,184 + 20.1% 9,749

Days on Market Until Sale Mar 69 83 - 16.6% 69 72 83 - 12.9% 71

Apr 66 76 - 12.5% 63 70 81 - 12.9% 69

May 2010

New Listings

May 62 75 - 18.3% 61 68 79 - 14.2% 67

Median Sales Price 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 $179,900 $181,000 - 0.6% $178,080

May $188,000 $190,000 - 1.1% $184,600 $182,000 $185,000 - 1.6% $180,100

Average Sales Price Mar $230,468 $228,039 + 1.1% $232,657 $230,835 $229,929 + 0.4% $231,677

Apr $229,835 $227,567 + 1.0% $233,530 $230,491 $229,170 + 0.6% $232,191

May $239,086 $246,616 - 3.1% $243,489 $232,647 $233,706 - 0.5% $235,039

Total Active Listings Available Mar 12,550 11,280 + 11.3%

Apr 13,165 11,462 + 14.9% -- -- -- -- --

May 13,787 11,535 + 19.5%Mar 94.4% 92.3% + 2.3% 95.0% 95.0% 91.8% + 3.4% 93.9%

Apr 94.8% 92.9% + 2.0% 95.5% 95.5% 92.2% + 3.6% 94.2%

May 94.8% 93.4% + 1.5% 95.7% 95.7% 92.5% + 3.5% 94.3%

Housing Affordability Index Mar 146 157 - 6.9% 148

Apr 142 154 - 8.2% 145 -- -- -- --

May 140 146 - 4.0% 141

Months Supply of Inventory Mar 6.7 6.6 - 6.9%

Apr 6.7 6.8 - 8.2% -- -- -- -- --May 7.2 6.9 - 4.0%

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

8/9/2019 Austin Market Stats - May 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