A free research tool from the Austin Board of REALTORS®

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Residential Sales Report

November 2009
The passing of the home-buyer tax credit's initial expiration date
New Listings 2
hasn't yet slowed the urgency of home buyers in the Austin Pending Sales 3
region, as November saw a continuation of the strong sales Closed Sales 4
we've seen in previous months.
Days On Market Until Sale 5
There were 1,389 signed purchase agreements during the Median Sales Price 6
month, up 16.6 percent from a year ago.
Average Sales Price 7
Because many of the homes being purchased are first-time Percent of Original List Price Received at Sale 8
home buyer properties, the overall median sales price was
weighed down from a year ago by 2.7 percent to $175,000. Housing Affordability Index 9
That's not the only reason prices are declining, but is a Housing Supply Outlook
significant factor nonetheless. These soft prices are combining
with continued low mortgage rates to improve affordability All Residential Properties 10
dramatically. 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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 1
 New Listings
A Monthly Indicator from the Austin Board of REALTORS®

November Year to Date

2,833
42,373
2,484
2,324 36,581 36,127

One Year One Year

Change: Change:

+ 6.9% - 1.2%
Two Year Two Year
Change: Change:

- 12.3% - 14.7%

2007 2008 2009 2007 2008 2009

Historical Market Activity

5,000
New Listings
4,500 Pending Sales
Closed Sales
4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 2
 Pending Sales
A Monthly Indicator from the Austin Board of REALTORS®

January through April

November
April Year to Date
1,496
1,496 1,389 26,039
1,389 26,039
1,191
21,294
1,191 21,294 20,328
20,328

One Year One Year

Change: Change:
+ 16.6% -4.5%
Two Year Two Year
Change: Change:
- 7.2% -21.9%
2007 2008 2009 2007 2008 2009
2007 2008 2009 2007 2008 2009

Historical Market Activity

5,000
New Listings
4,500 Pending Sales
Closed Sales
4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 3
 Closed Sales
A Monthly Indicator from the Austin Board of REALTORS®

January through April

November
April Year to Date
1,805
1,805 26,280
1,634 26,280
1,634
21,016
21,016 19,207
19,207
1,086
1,086

One Year One Year

Change: Change:

+ 50.5% - 8.6%
Two Year Two Year
Change: Change:
- 9.5% - 26.9%
2007 2008 2009 2007 2008 2009
2007 2008 2009 2007 2008 2009

Historical Market Activity

5,000
New Listings
4,500 Pending Sales
Closed Sales
4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 4
Days on Market Until Sale
A Monthly Indicator from the Austin Board of REALTORS®

January through April

November
April
76 75 Year to Date
76 75 75
75

66
66
63
63
57
57

One Year One Year

Change: Change:
- 0.9% + 13.6%
Two Year Two Year
Change: Change:
+ 19.3% + 32.7%
2007 2008 2009 2007 2008 2009
2007 2008 2009 2007 2008 2009

Historical Days on Market Until Sale

90

80

70

60

50

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 5
 Median Sales Price
A Monthly Indicator from the Austin Board of REALTORS®

January through April

November
April Year to Date Figures do not take into account seller concessions.
$184,000 $183,217 $188,000 $185,000
$179,900
$184,000 $175,000 $188,000
$179,900 $175,000 $183,217 $185,000

One Year One Year

Change: Change:
- 2.7% - 1.6%
Two Year Two Year
Change: Change:
- 4.9% + 1.0%
2007 2008 2009 2007 2008 2009
2007 2008 2009 2007 2008 2009

Historical Median Prices

$200,000

$190,000

$180,000

$170,000

$160,000

$150,000

$140,000

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 6
 Average Sales Price
A Monthly Indicator from the Austin Board of REALTORS®

January through April

November
April Year to Date Figures do not take into account seller concessions.

$244,959 $246,129 $244,136

$244,959 $233,340 $246,129 $244,136 $235,997
$229,433 $233,340 $235,997
$229,433

One Year One Year

Change: Change:
+ 1.7% - 3.3%
Two Year Two Year
Change: Change:
- 4.7% - 4.1%
2007 2008 2009 2007 2008 2009
2007 2008 2009 2007 2008 2009

Historical Average Prices

$260,000

$240,000

$220,000

$200,000

$180,000

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 7
 Percent of Original List Price Received at Sale
A Monthly Indicator from the Austin Board of REALTORS®

November Year to Date 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 not
100.0% 100.0% account for list prices from any previous listing contracts. The sales price does
not account for seller concessions.
96.2%

94.0% 94.5%
95.0% 93.8% 95.0%
93.4%
92.7%

90.0% 90.0%

One Year
One Year
Change:
85.0% Change:
85.0%
+ 1.3%
- 1.2%
Two Year
Change: Two Year
Change:
- 0.2%
- 3.0%
80.0% 80.0%

2007 2008 2009 2007 2008 2009

Historical Percent of Original List Price Received at Sale

100.0%

95.0%

90.0%

85.0%

80.0%

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 8
 Housing Affordability Index
A Monthly Indicator from the Austin Board of REALTORS®

The HAI formula measures housing affordability for the Austin Housing Market. An HAI of 120 means
November
April the 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.
165
165
144 147
144 147

One Year
Change:

+ 11.6%
Two Year
Change:
+ 14.4%
2007 2008 2009
2007 2008 2009

Historical Housing Affordability Index

180

170

160

150

140

130

120

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 9
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

Inventory of Active Listings

Single-Family
Previously Owned Condo-Townhouse
10,461
New Construction
2,537 2,526
2,420

1,736 1,732

986

1,476
1,184 344 324 337 336
394 178
59

Single-Family Condo-Townhouse 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

Months Supply of Inventory

Previously Owned Single-Family
New Construction 14.5 Condo-Townhouse
41.6
All All

31.0
10.0
9.0 25.4 26.0
7.8 7.7 7.7 7.4
6.8
6.0
15.1
11.7 12.4
9.7
7.5 7.7 8.1
6.8 6.8 6.8 5.8 6.3 6.6
5.6

Up to $125,000 $125,001 to $175,001 to $250,001 to $400,001 and $750,001 and

All Single-Family Condo-Townhouse $175,000 $250,000 $400,000 above above

A market is considered balanced between buyers and sellers when there is roughly a 5 to 6-month supply of homes available for purchase

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 10
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

Under $125,000
Inventory Months Supply
Previously Owned
New Construction
Previously Owned
2,003
New Construction 6.8 6.9 6.8
6.4 6.6
1,667
5.1

336
77 69 8

All Single-Family Condo-Townhouse All Single-Family Condo-Townhouse

$125,001 to $175,000
Inventory Months Supply
Previously Owned
Previously Owned New Construction
2,467 8.0
New Construction
2,196
6.0 5.8 5.6

4.5 4.3

277 224 271

53

All Single-Family Condo-Townhouse All Single-Family Condo-Townhouse

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 11
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

$175,001 to $250,000
Inventory Months Supply
Previously Owned
New Construction 16.8
Previously Owned
2,428
New Construction
2,185

8.4
6.7 6.5
5.9
5.1

446
352
243
94

All Single-Family Condo-Townhouse All Single-Family Condo-Townhouse

$250,001 to $400,000
Inventory Months Supply
Previously Owned
Previously Owned New Construction 16.0
2,382 New Construction
2,181 14.5

8.7 8.4

6.1
5.0
480
345
201 135

All Single-Family Condo-Townhouse All Single-Family Condo-Townhouse

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 12
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

$400,001 to $750,000
Inventory Months Supply
Previously Owned
1,531 Previously Owned New Construction
1,419 34.4
New Construction
29.2

13.4 12.9
379 9.6
313 8.3

112 66

All Single-Family Condo-Townhouse All Single-Family Condo-Townhouse

$750,001 and above

Inventory Months Supply
834 813 Previously Owned
Previously Owned New Construction 228.0
New Construction

211
173
25.9 26.4 26.3 22.1
38 16.8
21

All Single-Family Condo-Townhouse All Single-Family Condo-Townhouse

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 13
 Market Overview
A Monthly Indicator from the Austin Board of REALTORS®

5-Year
2009 2008
November 2009 2009 2008
Percent
Change
5-Year
Average
Year-to-
Date
Year-to-
Date
Percent
Change
Year-to-
Date
Average
New Listings Sep 3,019 3,022 - 0.1% 3,110 30,626 31,175 - 1.8% 33,090
Oct 3,017 3,082 - 2.1% 3,231 33,643 34,257 - 1.8% 36,320
Nov 2,484 2,324 + 6.9% 2,590 36,127 36,581 - 1.2% 38,911
Pending Sales Sep 1,961 1,547 + 26.8% 1,887 17,014 18,858 - 9.8% 20,767
Oct 1,925 1,245 + 54.6% 1,892 18,939 20,103 - 5.8% 22,659
Nov 1,389 1,191 + 16.6% 1,602 20,328 21,294 - 4.5% 24,261
Closed Sales Sep 1,941 1,829 + 6.1% 2,170 15,647 18,488 - 15.4% 20,177
Oct 1,926 1,442 + 33.6% 1,957 17,573 19,930 - 11.8% 22,135
Nov 1,634 1,086 + 50.5% 1,732 19,207 21,016 - 8.6% 23,867
Days on Market Until Sale Sep 69 66 + 3.4% 62 76 65 + 15.8% 64
Oct 72 70 + 1.9% 66 75 66 + 14.5% 65
Nov 75 76 - 0.9% 68 75 66 + 13.6% 65
Median Sales Price Sep $182,830 $181,855 + 0.5% $173,917 $186,000 $188,884 - 1.5% $177,757
Oct $179,900 $188,440 - 4.5% $176,272 $185,000 $188,820 - 2.0% $177,549
Nov $175,000 $179,900 - 2.7% $175,200 $185,000 $188,000 - 1.6% $177,443
Average Sales Price Sep $235,005 $239,523 - 1.9% $231,443 $236,566 $245,357 - 3.6% $233,119
Oct $233,633 $239,559 - 2.5% $229,157 $236,244 $244,938 - 3.5% $232,785
Nov $233,340 $229,433 + 1.7% $232,125 $235,997 $244,136 - 3.3% $232,818
Total Active Listings Available Sep 16,612 NA --
Oct 13,735 NA -- -- -- -- -- --
Nov 11,490 NA --
Percent of Original List Price Sep 93.9% 94.0% - 0.1% 95.3% 95.3% 94.8% + 0.5% 93.3%
Oct 93.8% 92.9% + 1.0% 94.7% 94.7% 94.6% + 0.1% 93.3%
Nov 93.8% 92.7% + 1.3% 94.5% 94.5% 94.5% - 0.0% 93.4%
Housing Affordability Index Sep 156 140 + 11.3% 149
Oct 158 134 + 18.3% 148 -- -- -- --
Nov 165 147 + 11.6% 152
Months Supply of Inventory Sep 11.1 NA --
Oct 9.4 NA -- -- -- -- -- --
Nov 7.7 NA --

All data from the ABOR Multiple Listing Service. Reports are created and maintained by the Minneapolis Area Association of REALTORS®. 14
Annual Review
A free research tool from the Austin Board of REALTORS®

January through April

Closed
April Sales Days on Market Until Sale
30,293 30,293 70 $171,500 67
67
28,051 $160,000
26,891 26,891 $152,500
59 57
22,108 22,108 22,436

+ 21.6% + 12.7% - 7.4% - 20.0% - 3.0% - 12.8% - 2.4% + 17.1%

96.2% 96.3% 96.8% 96.2% 96.3% 96.8%

2004 2005 2006 2007 2008 2004 2005 2006 2007 2008

Median Sales Price Percent of Original List Price Received at Sale

$184,000 $187,500
$171,500
$160,000
$152,500
96.8%
96.2% 96.3% 96.1%

94.3%

+ 4.9% + 7.2% + 7.3% + 1.9%

+ 0.1% + 0.5% - 0.7% - 1.8%

2004 2005 2006 2007 2008 2004 2005 2006 2007 2008

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