september 2010 austin real estate market stats

8/8/2019 September 2010 Austin Real Estate Market Stats

1/15

New Listings 2

Pending Sales 3

Residential Sales ReportSeptember 2010With this month's report, be mindful of the fact that activity was uniquely

strong last year at this time due to the approaching deadline for the 2009

tax credit. This means that we're entering an apples-to-oranges

'

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

compar son per o w c may ma e s years ac v y oo espec a y

slow for the next few months. Combine that with the fact that this time of

year typically endures slowed sales activity and that buyers in 2010 were

driven to enter contracts by April 30, 2010, and you'll see that September

2010's numbers should be taken with a grain of proverbial salt.

Pending Sales in the Austin region decreased by 19.3 percent from last

September to arrive at 1,551. New Listings decreased by 11.2 percent

since last September and the overall inventory of 13,313 increased by

27.0 percent.

Median Sales Price increased by 6.6 percent compared to last

September, registering in at $195,000. Average Days on Market, at 78,

increased by 13.4 percent versus last year. Months Supply of Inventory

decreased by 13.1 percent to weigh in at 7.7 months.

For the sake of long-term market stability, be wary of an overabundance

of listing activity. If homes aren't selling like they used to, but listings

remain fairly flat, inventory will climb and prices may adjust downward.

Balanced supply and demand, as always, is the ultimate goal.

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


2/15

New ListingsA Monthly Indicator from the Austin Board of REALTORS

3,022 3,019

2,682

2008 2009 2010

September

31,175 30,62933,050

2008 2009 2010

Year to Date

One YearChange:

- 11.2%

Two YearChange:

- 11.3%

One YearChange:

+ 7.9%

Two YearChange:

+ 6.0%

3,022 3,019

2,682

2008 2009 2010

September

31,175 30,62933,050

2008 2009 2010

Year to Date

One YearChange:

- 11.2%

Two YearChange:

- 11.3%

One YearChange:

+ 7.9%

Two YearChange:

+ 6.0%

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



3/15

Pending SalesA Monthly Indicator from the Austin Board of REALTORS

1,546

1,922

1,551

2008 2009 2010

April

18,851

16,932 16,552

2008 2009 2010

January through April

1,546

1,922

1,551

September

18,851

16,932 16,552

Year to Date

One YearChange:

- 19.3%

Two YearChange:

+ 0.3%

One YearChange:

- 2.2%

Two YearChange:

- 12.2%

1,546

1,922

1,551

2008 2009 2010

April

18,851

16,932 16,552

2008 2009 2010


1,546

1,922

1,551

2008 2009 2010

September

18,851

16,932 16,552

2008 2009 2010

Year to Date

One YearChange:

- 19.3%

Two YearChange:

+ 0.3%

One YearChange:

- 2.2%

Two YearChange:

- 12.2%

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

1,8301,959

1,302

2008 2009 2010

April

18,490

15,674 15,630

2008 2009 2010


1,8301,959

1,302

September

18,490

15,674 15,630

Year to Date

- 33.5%

One YearChange:

- 0.3%

Two YearChange:

- 15.5%

One YearChange:

Two YearChange:

- 28.9%

1,8301,959

1,302

2008 2009 2010

April

18,490

15,674 15,630

2008 2009 2010


1,8301,959

1,302

2008 2009 2010

September

18,490

15,674 15,630

2008 2009 2010

Year to Date

- 33.5%

One YearChange:

- 0.3%

Two YearChange:

- 15.5%

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:

- 28.9%



5/15

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

6669

78

2008 2009 2010

April

65

76

69

2008 2009 2010


6669

78

2008 2009 2010

September

65

76

69

2008 2009 2010

Year to Date

One YearChange:

+ 13.4%

Two YearChange:

+ 17.5%

One YearChange:

- 8.5%

Two YearChange:

+ 6.0%

6669

78

2008 2009 2010

April

65

76

69

2008 2009 2010


6669

78

2008 2009 2010

September

65

76

69

2008 2009 2010

Year to Date

One YearChange:

+ 13.4%

Two YearChange:

+ 17.5%

One YearChange:

- 8.5%

Two YearChange:

+ 6.0%

50

60

70

80

90


Historical Days on Market Until Sale



6/15

Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS

$181,750 $183,000$195,000

2008 2009 2010

April

$188,867 $186,000 $189,138

2008 2009 2010


$181,750 $183,000$195,000

September

$188,867 $186,000 $189,138

Year to Date

One YearChange:

+ 6.6%

Two YearChange:

+ 7.3%

One YearChange:

+ 1.7%

Two YearChange:

+ 0.1%

Figures do not take into account seller concessions.

$181,750 $183,000$195,000

2008 2009 2010

April

$188,867 $186,000 $189,138

2008 2009 2010


$181,750 $183,000$195,000

2008 2009 2010

September

$188,867 $186,000 $189,138

2008 2009 2010

Year to Date

One YearChange:

+ 6.6%

Two YearChange:

+ 7.3%

One YearChange:

+ 1.7%

Two YearChange:

+ 0.1%

$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

$239,483 $234,946$247,604

2008 2009 2010

April

$245,345$236,489

$245,533

2008 2009 2010


$239,483 $234,946$247,604

September

$245,345$236,489

$245,533

Year to Date

One YearChange:

+ 5.4%

Two YearChange:

+ 3.4%

One YearChange:

+ 3.8%

Two YearChange:

+ 0.1%


$239,483 $234,946$247,604

2008 2009 2010

April

$245,345$236,489

$245,533

2008 2009 2010


$239,483 $234,946$247,604

2008 2009 2010

September

$245,345$236,489

$245,533

2008 2009 2010

Year to Date

One YearChange:

+ 5.4%

Two YearChange:

+ 3.4%

One YearChange:

+ 3.8%

Two YearChange:

+ 0.1%

$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

94.0% 94.0%

91.8%

2008 2009 2010

September

94.8%

93.3%93.8%

2008 2009 2010

Year to Date

One YearChange:

+ 0.5%Two YearChange:

- 1.1%

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:

- 2.3%

- 2.3%

94.0% 94.0%

91.8%

2008 2009 2010

September

94.8%

93.3%93.8%

2008 2009 2010

Year to Date

One YearChange:

+ 0.5%Two YearChange:

- 1.1%

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:

- 2.3%

- 2.3%



9/15

Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS

140

156

135

2008 2009 2010

April

140

156

135

September

One YearChange:

- 13.1%

Two YearChange:

- 3.4%

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.

140

156

135

2008 2009 2010

April

140

156

135

2008 2009 2010

September

One YearChange:

- 13.1%

Two YearChange:

- 3.4%

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

1,501

2,5032,608

2,464

1,548

975

390 319 300 282114 51

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

10,245

1,1981,354

258


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 7.78.4

6.96.5

10.0

7.7 7.6

8.6

All Single-Family Condo-Townhouse

Previously Owned

New Construction

All

1,501

2,5032,608

2,464

1,548

975

390 319 300 282114 51

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


10,245

1,1981,354

258


Previously Owned

New Construction

6.0 6.37.2 7.6

10.0

20.9

7.3 7.18.4

11.212.9

38.3

6.3 6.4 7.37.8

10.2

21.4

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

1,831

1,453

378

60 48 12

All Sin le-Famil Condo-Townhouse

Previously Owned

New Construction

6.36.0

7.5

6.16.6

4.6


Previously Owned

New Construction

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

1,831

1,453

378

60 48 12


Previously Owned

New Construction

6.36.0

7.5

6.16.6

4.6


Previously Owned

New Construction

2,477

2,210

267345 293

52


Previously Owned

New Construction

6.6 6.5

7.4

5.6 5.56.1


Previously Owned

New Construction



12/15



2,509

2,267

242399 341

58


Previously Owned

New Construction

7.6 7.68.1

5.85.4

9.9


Previously Owned

New Construction


2,509

2,267

242399 341

58


Previously Owned

New Construction

7.6 7.68.1

5.85.4

9.9


Previously Owned

New Construction

2,335

2,142

193

411322

89


Previously Owned

New Construction

8.1 7.9

10.9

6.76.0

11.9


Previously Owned

New Construction



13/15



1,4031,317

86

259 231

28


Previously Owned

New Construction

10.3 10.211.6

9.6 9.0

19.8


Previously Owned

New Construction

$750,001 and aboveInventory Months Supply

1,4031,317

86

259 231

28


Previously Owned

New Construction

10.3 10.211.6

9.6 9.0

19.8


Previously Owned

New Construction

888856

32

138 119

19


Previously Owned

New Construction

20.7 20.6

24.0

27.6

23.8

0.0


Previously Owned

New Construction



14/15


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%


september 2010 austin real estate market stats

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