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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

8/9/2019 July2010 Market Stats

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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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 3

8/9/2019 July2010 Market Stats

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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%

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

8/9/2019 July2010 Market Stats

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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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 5

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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.

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 6

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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

8/9/2019 July2010 Market Stats

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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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 11

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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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 12

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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