Post on 30-May-2018
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