Download - July2010 Market Stats
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8/9/2019 July2010 Market Stats
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New Listings 2
Pending Sales 3
Residential Sales ReportJuly 2010Recovery loses steam. Housing demand in a slump. Tax credit
leaves mess in its wake. Were bombarded with headlines like
these every day. Some have merit, some dont. The truth is, the
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
economy s now r v ng t e ous ng mar et an not v ce versa.
Pending Sales in the Austin region dropped by 14.6 percent from
last July to arrive at 1,783. New Listings dropped a slight 0.4
percent since last July while overall inventory increased by 27.0
percent over last year to end the month with 14,545 homes
available for sale.
Median Sales Price jumped 15.0 percent over last July to arrive at
$215,000 yet buyers were only willing to pay 93.2 percent of a
seller's asking price. Market times did decline by 3.7 percent to
land at 70 days compared to last year.
Months Supply of Inventory decreased 16.5 percent to arrive at 8.0
months, given current demand.
In sum, the housing market is trying to hold its ground until the job
situation improves. Only after widespread, private-sector hiring will
demand be restored to the market and prices can continue to
stabilize. Until then, its a hurry up and wait game.
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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New ListingsA Monthly Indicator from the Austin Board of REALTORS
3,9613,690 3,674
2008 2009 2010
July
24,609 24,329
27,384
2008 2009 2010
Year to Date
One YearChange:
- 0.4%
Two YearChange:
- 7.2%
One YearChange:
+ 12.6%
Two YearChange:
+ 11.3%
3,9613,690 3,674
2008 2009 2010
July
24,609 24,329
27,384
2008 2009 2010
Year to Date
One YearChange:
- 0.4%
Two YearChange:
- 7.2%
One YearChange:
+ 12.6%
Two YearChange:
+ 11.3%
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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Pending SalesA Monthly Indicator from the Austin Board of REALTORS
2,126 2,089
1,783
2008 2009 2010
April
15,457
12,96513,602
2008 2009 2010
January through April
2,126 2,089
1,783
July
15,457
12,96513,602
Year to Date
One YearChange:
- 14.6%
Two YearChange:
- 16.1%
One YearChange:
4.9%
Two YearChange:
-12.0%
2,126 2,089
1,783
2008 2009 2010
April
15,457
12,96513,602
2008 2009 2010
January through April
2,126 2,089
1,783
2008 2009 2010
July
15,457
12,96513,602
2008 2009 2010
Year to Date
One YearChange:
- 14.6%
Two YearChange:
- 16.1%
One YearChange:
4.9%
Two YearChange:
-12.0%
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
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Closed SalesA Monthly Indicator from the Austin Board of REALTORS
2,292 2,285
1,567
2008 2009 2010
April
14,445
11,74012,548
2008 2009 2010
January through April
2,292 2,285
1,567
July
14,445
11,74012,548
Year to Date
- 31.4%
One YearChange:
+ 6.9%
Two YearChange:
- 13.1%
One YearChange:
Two YearChange:
- 31.6%
2,292 2,285
1,567
2008 2009 2010
April
14,445
11,74012,548
2008 2009 2010
January through April
2,292 2,285
1,567
2008 2009 2010
July
14,445
11,74012,548
2008 2009 2010
Year to Date
- 31.4%
One YearChange:
+ 6.9%
Two YearChange:
- 13.1%
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
One YearChange:
Two YearChange:
- 31.6%
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Days on Market Until SaleA Monthly Indicator from the Austin Board of REALTORS
61
7370
2008 2009 2010
April
65
77
68
2008 2009 2010
January through April
61
7370
2008 2009 2010
July
65
77
68
2008 2009 2010
Year to Date
One YearChange:
- 3.7%
Two YearChange:
+ 14.2%
One YearChange:
- 12.1%
Two YearChange:
+ 4.2%
61
7370
2008 2009 2010
April
65
77
68
2008 2009 2010
January through April
61
7370
2008 2009 2010
July
65
77
68
2008 2009 2010
Year to Date
One YearChange:
- 3.7%
Two YearChange:
+ 14.2%
One YearChange:
- 12.1%
Two YearChange:
+ 4.2%
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
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Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS
$190,000 $187,000
$215,000
2008 2009 2010
April
$189,000 $187,000 $188,000
2008 2009 2010
January through April
$190,000 $187,000
$215,000
July
$189,000 $187,000 $188,000
Year to Date
One YearChange:
+ 15.0%
Two YearChange:
+ 13.2%
One YearChange:
+ 0.5%
Two YearChange:
- 0.5%
Figures do not take into account seller concessions.
$190,000 $187,000
$215,000
2008 2009 2010
April
$189,000 $187,000 $188,000
2008 2009 2010
January through April
$190,000 $187,000
$215,000
2008 2009 2010
July
$189,000 $187,000 $188,000
2008 2009 2010
Year to Date
One YearChange:
+ 15.0%
Two YearChange:
+ 13.2%
One YearChange:
+ 0.5%
Two YearChange:
- 0.5%
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
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.
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Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS
$251,423$238,589
$279,134
2008 2009 2010
April
$245,408$236,841 $243,892
2008 2009 2010
January through April
$251,423$238,589
$279,134
July
$245,408$236,841 $243,892
Year to Date
One YearChange:
+ 17.0%
Two YearChange:
+ 11.0%
One YearChange:
+ 3.0%
Two YearChange:
- 0.6%
Figures do not take into account seller concessions.
$251,423$238,589
$279,134
2008 2009 2010
April
$245,408$236,841 $243,892
2008 2009 2010
January through April
$251,423$238,589
$279,134
2008 2009 2010
July
$245,408$236,841 $243,892
2008 2009 2010
Year to Date
One YearChange:
+ 17.0%
Two YearChange:
+ 11.0%
One YearChange:
+ 3.0%
Two YearChange:
- 0.6%
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
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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Percent of Original List Price Received at SaleA Monthly Indicator from the Austin Board of REALTORS
94.9%93.9%
93.2%
2008 2009 2010
July
94.9%
93.0%94.1%
2008 2009 2010
Year to Date
One YearChange:
+ 1.2%Two YearChange:
- 0.8%
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:
- 0.8%
- 1.8%
94.9%93.9%
93.2%
2008 2009 2010
July
94.9%
93.0%94.1%
2008 2009 2010
Year to Date
One YearChange:
+ 1.2%Two YearChange:
- 0.8%
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:
- 0.8%
- 1.8%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 8
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Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS
132
149
124
2008 2009 2010
April
132
149
124
July
One YearChange:
- 16.5%
Two YearChange:
- 5.5%
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.
132
149
124
2008 2009 2010
April
132
149
124
2008 2009 2010
July
One YearChange:
- 16.5%
Two YearChange:
- 5.5%
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
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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Inventory of Active Listings
1,661
2,6042,762 2,716
1,710
1,133
394 381 377 318147
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-Townhouse11,249
1,3561,337
312
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.
8.2 8.1
9.1
6.8
6.3
10.9
8.0 7.8
9.4
All Single-Family Condo-Townhouse
Previously Owned
New Construction
All
1,661
2,6042,762 2,716
1,710
1,133
394 381 377 318147
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-Townhouse11,249
1,3561,337
312
Single-Family Condo-Townhouse
Previously Owned
New Construction
6.6 6.17.1 8.1
10.8
24.2
6.98.1
9.812.1
18.0
34.0
6.6 6.37.4
8.4
11.2
24.5
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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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
Under $125,000Inventory Months Supply
1,986
1,607
379
69 54 15
All Sin le-Famil Condo-Townhouse
Previously Owned
New Construction
6.6 6.57.0
7.5
8.2
5.8
All Single-Family Condo-Townhouse
Previously Owned
New Construction
$125,001 to $175,000Inventory Months Supply
1,986
1,607
379
69 54 15
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.6 6.57.0
7.5
8.2
5.8
All Single-Family Condo-Townhouse
Previously Owned
New Construction
2,601
2,311
290384
29391
All Single-Family Condo-Townhouse
Previously Owned
New Construction
6.3 6.2
7.8
6.35.7
9.8
All Single-Family Condo-Townhouse
Previously Owned
New Construction
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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$175,001 to $250,000Inventory Months Supply
2,744
2,421
323395 341
54
All Sin le-Famil Condo-Townhouse
Previously Owned
New Construction
7.7 7.5
10.1
5.5 5.2
8.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
$250,001 to $400,000Inventory Months Supply
2,744
2,421
323395 341
54
All Single-Family Condo-Townhouse
Previously Owned
New Construction
7.7 7.5
10.1
5.5 5.2
8.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
2,625
2,403
222409
31396
All Single-Family Condo-Townhouse
Previously Owned
New Construction
8.9 8.6
12.3
6.35.5
11.6
All Single-Family Condo-Townhouse
Previously Owned
New Construction
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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS
$400,001 to $750,000Inventory Months Supply
1,6111,500
111
246 210
36
All Sin le-Famil Condo-Townhouse
Previously Owned
New Construction
11.8 11.5
18.2
8.27.5
17.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
$750,001 and aboveInventory Months Supply
1,6111,500
111
246 210
36
All Single-Family Condo-Townhouse
Previously Owned
New Construction
11.8 11.5
18.2
8.27.5
17.3
All Single-Family Condo-Townhouse
Previously Owned
New Construction
1,038 1,007
31
146 126
20
All Single-Family Condo-Townhouse
Previously Owned
New Construction
24.4 24.5
20.7
25.8
22.2
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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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
May 3,464 3,476 - 0.3% 4,013 19,920 16,989 + 17.3% 19,305
Jun 3,790 3,650 + 3.8% 4,062 23,710 20,639 + 14.9% 23,367
Jul 3,674 3,690 - 0.4% 3,938 27,384 24,329 + 12.6% 26,494
Pending Sales May 1,475 2,183 - 32.4% 2,414 10,102 8,726 + 15.8% 11,207Jun 1,717 2,150 - 20.1% 2,410 11,819 10,876 + 8.7% 13,618
Jul 1,783 2,089 - 14.6% 2,317 13,602 12,965 + 4.9% 15,935
Closed Sales May 2,288 1,868 + 22.5% 2,495 8,803 7,184 + 22.5% 9,784
Jun 2,178 2,271 - 4.1% 2,660 10,981 9,455 + 16.1% 12,444
Jul 1,567 2,285 - 31.4% 2,420 12,548 11,740 + 6.9% 14,864
Days on Market Until Sale May 62 75 - 18.2% 61 68 79 - 14.1% 67
Jun 66 76 - 13.2% 62 68 79 - 13.8% 66
July 2010
New Listings
Jul 70 73 - 3.7% 62 68 77 - 12.1% 65
Median Sales Price May $187,000 $190,000 - 1.6% $184,400 $182,000 $185,000 - 1.6% $180,100
Jun $199,000 $195,000 + 2.1% $191,000 $185,000 $187,000 - 1.1% $182,384
Jul $215,000 $187,000 + 15.0% $191,000 $188,000 $187,000 + 0.5% $183,362
Average Sales Price May $237,061 $246,616 - 3.9% $243,084 $232,060 $233,706 - 0.7% $234,922
Jun $266,361 $245,000 + 8.7% $250,831 $238,863 $236,419 + 1.0% $238,247
Jul $279,134 $238,589 + 17.0% $251,414 $243,892 $236,841 + 3.0% $240,108
Total Active Listings Available May 13,787 11,535 + 19.5%
Jun 14,545 11,681 + 24.5% -- -- -- -- --
Jul 14,573 11,449 + 27.3%May 94.8% 93.4% + 1.5% 95.7% 95.7% 92.5% + 3.5% 94.3%
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%
Housing Affordability Index May 140 146 - 3.6% 141
Jun 133 143 - 6.7% 136 -- -- -- --
Jul 124 149 - 16.5% 137
Months Supply of Inventory May 7.3 6.9 - 3.6%
Jun 7.9 7.0 - 6.7% -- -- -- -- --Jul 8.0 6.9 - 16.5%
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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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
22,43720,905
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%
January through April
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%
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 15