8/9/2019 Austin Market Statistics Feb 2010

1/15

New Listings 2

Pending Sales 3

Closed Sales 4

Days 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

Residential Sales ReportFebruary 2010

A free research tool from the Austin Board of REALTORS

brought to you by the unique data-sharing traditions of the REALTOR community

Buyers in the Austin region were very active during February.There were 1,975 purchase agreements signed during themonth, an increase of 41.4 percent from a year ago.

Home prices have shown early signs of stabilizing, but remainrelatively soft. The February median sales price of $181,700was a decrease from a year ago of 3.3 percent.

Soft prices have combined with extremely low mortgage rates tocreate an attractive environment for buyers. The HousingAffordability Index in February of 157 is an improvement of 6.6percent from a year ago, and is up dramatically from the low

point seen a few years back. This indicates favorable conditions

for home buying.

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 1

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New ListingsA Monthly Indicator from the Austin Board of REALTORS

February

3,630

3,069

3,493

2008 2009 2010

Year to Date

7,685

6,2156,811

2008 2009 2010

One Year

Change:

+ 13.8%Two Year

Change:

- 3.8%

One Year

Change:

+ 9.6%Two Year

Change:

- 11.4%

Historical Market Activity

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

New Listings

Pending Sales

Closed Sales

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 2

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Pending SalesA Monthly Indicator from the Austin Board of REALTORS

April

2,011

1,397

1,975

2008 2009 2010

January through April

4,146

2,735

3,528

2008 2009 2010

February

2,011

1,397

1,975

2008 2009 2010

Year to Date

4,146

2,735

3,528

2008 2009 2010

One Year

Change:

+ 41.4%Two Year

Change:

- 1.8%

One Year

Change:

29.0%

Two Year

Change:

-14.9%

Historical Market Activity

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

New Listings

Pending Sales

Closed Sales

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 3

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Closed SalesA Monthly Indicator from the Austin Board of REALTORS

April

1,705

1,194 1,189

2008 2009 2010

January through April

3,140

2,106 2,165

2008 2009 2010

February1,705

1,194 1,189

2008 2009 2010

Year to Date

3,140

2,106 2,165

2008 2009 2010

- 0.4%

One Year

Change:

+ 2.8%Two Year

Change:

- 31.1%

Historical Market Activity

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

New Listings

Pending Sales

Closed Sales

One Year

Change:

Two Year

Change:

- 30.3%

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 4

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

April

71

84

72

2008 2009 2010

January through April

73

83

75

2008 2009 2010

February

71

84

72

2008 2009 2010

Year to Date

73

83

75

2008 2009 2010

One Year

Change:

- 14.4%Two Year

Change:

+ 1.2%

One Year

Change:

- 9.5%

Two Year

Change:

+ 3.7%

Historical Days on Market Until Sale

50

60

70

80

90

Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 5

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Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS

April

$180,000$187,900

$181,700

2008 2009 2010

January through April

$182,025 $181,500 $177,000

2008 2009 2010

February

$180,000$187,900

$181,700

2008 2009 2010

Year to Date

$182,025 $181,500 $177,000

2008 2009 2010

One Year

Change:

- 3.3%Two Year

Change:

+ 0.9%

One Year

Change:

- 2.5%

Two Year

Change:

- 2.8%

Historical Median Prices

$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

Figures do not take into account seller concessions.

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 6

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Average Sales PriceA Monthly Indicator from the Austin Board of REALTORS

April

$231,620 $236,455 $232,834

2008 2009 2010

January through April

$236,337 $231,261 $232,168

2008 2009 2010

February$231,620 $236,455 $232,834

2008 2009 2010

Year to Date$236,337 $231,261 $232,168

2008 2009 2010

One Year

Change:

- 1.5%Two Year

Change:

+ 0.5%

One Year

Change:

+ 0.4%

Two Year

Change:

- 1.8%

Historical Average Prices

$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

Figures do not take into account seller concessions.

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 7

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

February

94.4%

91.7%

93.5%

80.0%

85.0%

90.0%

95.0%

100.0%

2008 2009 2010

Year to Date

94.2%

91.5%

93.4%

80.0%

85.0%

90.0%

95.0%

100.0%

2008 2009 2010

One Year

Change:

+ 2.0%Two Year

Change:

- 0.9%

Historical Percent of Original List Price Received at Sale

80.0%

85.0%

90.0%

95.0%

100.0%

Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10

The Percent of Original List Price Received at Sale is calculated by comparing

the final sales prices of closed sales to their original list prices. This does no

account for list prices from any previous listing contracts. The sales price does

not account for seller concessions.

One Year

Change:

Two Year

Change:

+ 2.0%

- 1.0%

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 8

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Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS

April

141147

157

2008 2009 2010

February

141147

157

2008 2009 2010

One Year

Change:

+ 6.6%Two Year

Change:

+ 11.0%

Historical Housing Affordability Index

120

130

140

150

160

170

180

Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10

The HAI formula measures housing affordability for the Austin Housing Market. An HAI of 120 meansthe median family income is 120% of the necessary income to qualify for the median 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 the Minneapolis Area Association of REALTORS. 9

8/9/2019 Austin Market Statistics Feb 2010

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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

Inventory of Active Listings

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

6.4

8.7

5.85.2

10.8

6.5 6.3

9.1

6.7

All Single-Family Condo-Townhouse

Previously OwnedNew ConstructionAll

2,1302,221

2,115

1,361

847

371 330 322 316178

53

1,565

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 and above

Single-Family

Condo-Townhouse

1,2661,200

304

9,039

Single-Family Condo-Townhouse

Previously Owned

New Construction

4.8 5.46.4

9.0

20.9

6.88.4

13.5

30.5

39.8

6.2 5.0 5.76.8

9.8

21.5

6.1 6.6

Up to $125,000 $125,001 to

$175,000

$175,001 to

$250,000

$250,001 to

$400,000

$400,001 and

above

$750,001 and

above

Single-Family

Condo-Townhouse

All

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 10

8/9/2019 Austin Market Statistics Feb 2010

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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

Under $125,000Inventory Months Supply

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

1,512

53 18

353

1,865

71

All Single-Family Condo-Townhouse

Previously Owned

New Construction

6.15.5

7.7

6.66.2

5.9

All Single-Family Condo-Townhouse

Previously Owned

New Construction

1,948

182

42

288

2,236

224

All Single-Family Condo-Townhouse

Previously Owned

New Construction

5.0

3.6

4.4

7.4

5.2

3.8

All Single-Family Condo-Townhouse

Previously Owned

New Construction

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 11

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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

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

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

1,929

292

53

269

2,198

345

All Single-Family Condo-Townhouse

Previously Owned

New Construction

5.6

4.4

8.58.4

5.8

4.8

All Single-Family Condo-Townhouse

Previously Owned

New Construction

1,846

269

91

225

2,071

360

All Single-Family Condo-Townhouse

Previously Owned

New Construction

6.9

4.2

10.9

14.9

7.3

5.0

All Single-Family Condo-Townhouse

Previously Owned

New Construction

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 12

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Housing Supply OutlookA Monthly Indicator from the Austin Board of REALTORS

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

$750,001 and aboveInventory Months Supply

1,104

257

63115

1,219

320

All Single-Family Condo-Townhouse

Previously Owned

New Construction

9.47.5

36.0

28.2

10.08.9

All Single-Family Condo-Townhouse

Previously Owned

New Construction

700

147

3716

716

184

All Single-Family Condo-Townhouse

Previously Owned

New Construction

21.2 19.6

444.0

12.820.924.3

All Single-Family Condo-Townhouse

Previously Owned

New Construction

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 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

Dec 1,971 1,942 + 1.5% 2,021 38,102 38,523 - 1.1% 40,933

Jan 3,318 3,146 + 5.5% 3,438 3,318 3,146 + 5.5% 3,438

Feb 3,493 3,069 + 13.8% 3,379 6,811 6,215 + 9.6% 6,817

Pending Sales Dec 1,140 1,115 + 2.2% 1,386 21,218 22,403 - 5.3% 25,595Jan 1,553 1,338 + 16.1% 1,821 1,553 1,338 + 16.1% 1,821

Feb 1,975 1,397 + 41.4% 2,010 3,528 2,735 + 29.0% 3,831

Closed Sales Dec 1,508 1,420 + 6.2% 1,811 20,892 22,437 - 6.9% 25,713

Jan 976 912 + 7.0% 1,318 976 912 + 7.0% 1,318

Feb 1,189 1,194 - 0.4% 1,571 2,165 2,106 + 2.8% 2,889

Days on Market Until Sale Dec 79 81 - 2.3% 72 76 67 + 12.4% 65

Jan 79 82 - 3.3% 75 79 82 - 3.3% 75

Feb 72 84 - 14.4% 71 75 83 - 9.5% 73

Median Sales Price Dec $186,000 $179,900 + 3.4% $179,380 $185,000 $187,500 - 1.3% $177,600

Jan $174,854 $173,606 + 0.7% $174,572 $174,854 $173,606 + 0.7% $174,572

Feb $181,700 $187,900 - 3.3% $178,320 $177,000 $181,500 - 2.5% $176,105

Average Sales Price Dec $249,350 $240,875 + 3.5% $238,506 $236,585 $243,933 - 3.0% $233,167

Jan $231,357 $224,460 + 3.1% $231,623 $231,357 $224,460 + 3.1% $231,623

Feb $232,834 $236,455 - 1.5% $230,647 $232,168 $231,261 + 0.4% $231,164

Total Active Listings Available Dec 9,366 NA --

Jan 10,744 NA -- -- -- -- -- --

Feb 11,809 NA --Percent of Original List Price Dec 93.1% 91.4% + 1.9% 94.1% 94.1% 94.3% - 0.2% 93.4%

Jan 93.2% 91.3% + 2.1% 94.0% 94.0% 91.3% + 3.0% 93.2%

Feb 93.5% 91.7% + 2.0% 94.5% 94.5% 91.5% + 3.3% 93.4%

Housing Affordability Index Dec 151 154 - 1.9% 148

Jan 162 156 + 3.8% 152 -- -- -- --

Feb 157 147 + 6.6% 148

Months Supply of Inventory Dec 5.3 NA --

Jan 5.9 NA -- -- -- -- -- --Feb 6.5 NA --

February 2010

New Listings

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 14

8/9/2019 Austin Market Statistics Feb 2010

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Annual ReviewA free research tool from the Austin Board of REALTORS

April

26,891

30,293

28,051

96.3% 96.8% 96.1%

January through April

$160,000$171,500

$184,000

96.3% 96.8% 96.1%

Closed Sales

26,891

30,293

28,051

22,43720,892

2005 2006 2007 2008 2009

Days on Market Until Sale

67

59 57

67

76

2005 2006 2007 2008 2009

Median Sales Price

$160,000$171,500

$184,000 $187,500 $185,000

2005 2006 2007 2008 2009

Percent of Original List Price Received at Sale

96.3%96.8%

96.1%

94.3%

93.4%

2005 2006 2007 2008 2009

+ 12.7% - 7.4% - 20.0% - 12.8% - 2.4% + 17.1%

+ 7.2% + 7.3% + 1.9%+ 0.5% - 0.7% - 1.8%

- 6.9% + 12.5%

- 1.3%- 1.0%

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS. 15