A free research tool from the Austin Board of REALTORS®

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Residential Sales Report

January 2010
Home sales in the Austin region were once again strong in
New Listings 2
January at 1,646 purchase agreements signed. That's the sixth Pending Sales 3
consecutive month where the change compared to a year ago Closed Sales 4
was even or positive.
Days On Market Until Sale 5
The increase in sales has led to stabilizing home prices. Median Sales Price 6
January's median sales price of $175,000 was 0.6 percent
higher than a year ago. Yes, rising prices are ordinarily a pretty Average Sales Price 7
ho-hum and normal thing, but in light of the drop in prices that Percent of Original List Price Received at Sale 8
most parts of the country have seen over the last several years,
"ho-hum" is a welcome phrase these days. Housing Affordability Index 9
Housing Supply Outlook
The Months Supply of Inventory in the region currently sits at
5.9. A balanced market between buyers and sellers should have All Residential Properties 10
5 to 6 months of supply. 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®

January Year to Date

4,055 4,055

3,316 3,316
3,146 3,146

One Year One Year

Change: Change:

+ 5.4% + 5.4%
Two Year Two Year
Change: Change:

- 18.2% - 18.2%

2008 2009 2010 2008 2009 2010

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 Jan-10

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

January
April Year to Date
2,135 2,135
2,135 2,135

1,646 1,646
1,646 1,646
1,338 1,338
1,338 1,338

One Year One Year

Change: Change:
+ 23.0% 23.0%
Two Year Two Year
Change: Change:
- 22.9% -22.9%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

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 Jan-10

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

January
April Year to Date
1,435 1,435
1,435 1,435

951 951
910 951 910
910 910 951

One Year One Year

Change: Change:

+ 4.5% + 4.5%
Two Year Two Year
Change: Change:
- 33.7% - 33.7%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

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 Jan-10

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

January
April Year to Date
82
82 79 82
82
79 79
79
74
74 74
74

One Year One Year

Change: Change:
- 3.3% - 3.3%
Two Year Two Year
Change: Change:
+ 7.1% + 7.1%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

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 Jan-10

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

January
April Year to Date Figures do not take into account seller concessions.
$185,000 $185,000
$185,000 $174,000 $175,000 $174,000 $175,000
$174,000 $175,000 $185,000
$174,000 $175,000

One Year One Year

Change: Change:
+ 0.6% + 0.6%
Two Year Two Year
Change: Change:
- 5.4% - 5.4%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

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 Jan-10

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

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

$241,942 $241,942
$241,942 $233,015 $241,942 $233,015
$224,729 $233,015 $224,729 $233,015
$224,729 $224,729

One Year One Year

Change: Change:
+ 3.7% + 3.7%
Two Year Two Year
Change: Change:
- 3.7% - 3.7%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

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 Jan-10

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®

January 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.

95.0% 93.9% 95.0% 93.9%

93.2% 93.2%
91.2% 91.2%

90.0% 90.0%

One Year
One Year
Change:
85.0% Change:
85.0%
+ 2.2%
+ 2.2%
Two Year
Change: Two Year
Change:
- 0.7%
- 0.7%
80.0% 80.0%

2008 2009 2010 2008 2009 2010

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 Jan-10

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
January
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.
162
156 162
144 156
144

One Year
Change:

+ 3.9%
Two Year
Change:
+ 12.0%
2008 2009 2010
2008 2009 2010

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 Jan-10

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
7,832
New Construction

1,980
1,887 1,904

1,326 1,273

777

1,315
1,063 304 300 305 273
315 152
44

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
11.1
New Construction Condo-Townhouse
All All 31.1

26.8
8.2
7.6

6.2 19.3 19.7

5.9 5.9 5.7 5.7
5.6

11.6
8.6 9.2
8.2
6.6 5.8 6.2
5.3 5.6 5.3 4.4 4.6 4.9 5.2

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
1,577 New Construction
Previously Owned 5.7 5.6
5.4 5.3
New Construction
1,286
4.2
3.9

291

53 40 13

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

$125,001 to $175,000
Inventory Months Supply
Previously Owned
New Construction 6.6
Previously Owned 6.3
1,930 New Construction
1,688
4.6 4.4
4.3
4.0

257 199 242

58

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 9.4
Previously Owned
1,917 New Construction
7.9
1,669

5.2 5.2 4.9 4.8

368 311
248
57

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

$250,001 to $400,000
Inventory Months Supply
Previously Owned
1,768
Previously Owned New Construction
1,586 12.1
New Construction
10.6

6.4 6.1
5.6
5.0

409
318
182
91

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
1,073
Previously Owned New Construction 32.0
985
New Construction

24.0

352
288 9.2 9.4 8.7 8.1

88 64

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

$750,001 and above

Inventory Months Supply
630 Previously Owned
618
Previously Owned New Construction
384.0
New Construction

191
159

32 18.8 23.4 19.2 19.7

12 9.0

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
This Year Last Year
January 2010 This Year Last Year
Percent
Change
5-Year
Average
Year-to-
Date
Year-to-
Date
Percent
Change
Year-to-
Date
Average
New Listings Nov 2,486 2,324 + 7.0% 2,591 36,131 36,581 - 1.2% 38,911
Dec 1,971 1,942 + 1.5% 2,021 38,102 38,523 - 1.1% 40,933
Jan 3,316 3,146 + 5.4% 3,438 3,316 3,146 + 5.4% 3,438
Pending Sales Nov 1,293 1,191 + 8.6% 1,583 20,107 21,291 - 5.6% 24,216
Dec 1,160 1,113 + 4.2% 1,390 21,267 22,404 - 5.1% 25,605
Jan 1,646 1,338 + 23.0% 1,840 1,646 1,338 + 23.0% 1,840
Closed Sales Nov 1,734 1,086 + 59.7% 1,752 19,367 21,017 - 7.9% 23,899
Dec 1,490 1,420 + 4.9% 1,807 20,857 22,437 - 7.0% 25,706
Jan 951 910 + 4.5% 1,313 951 910 + 4.5% 1,313
Days on Market Until Sale Nov 75 76 - 1.0% 68 75 66 + 13.5% 65
Dec 80 81 - 1.8% 72 76 67 + 12.4% 65
Jan 79 82 - 3.3% 75 79 82 - 3.3% 75
Median Sales Price Nov $174,200 $179,900 - 3.2% $175,040 $185,000 $188,000 - 1.6% $177,443
Dec $186,335 $179,900 + 3.6% $179,447 $185,000 $187,500 - 1.3% $177,600
Jan $175,000 $174,000 + 0.6% $174,680 $175,000 $174,000 + 0.6% $174,680
Average Sales Price Nov $231,096 $229,433 + 0.7% $231,676 $235,680 $244,140 - 3.5% $232,755
Dec $250,349 $240,875 + 3.9% $238,706 $236,728 $243,933 - 3.0% $233,195
Jan $233,015 $224,729 + 3.7% $232,008 $233,015 $224,729 + 3.7% $232,008
Total Active Listings Available Nov 9,836 NA --
Dec 9,366 NA -- -- -- -- -- --
Jan 10,744 NA --
Percent of Original List Price Nov 93.9% 92.7% + 1.3% 94.5% 94.5% 94.5% - 0.0% 93.4%
Dec 93.1% 91.4% + 1.9% 94.1% 94.1% 94.3% - 0.2% 93.4%
Jan 93.2% 91.2% + 2.2% 94.0% 94.0% 91.2% + 3.0% 93.2%
Housing Affordability Index Nov 165 147 + 12.1% 152
Dec 151 154 - 2.1% 148 -- -- -- --
Jan 162 156 + 3.9% 152
Months Supply of Inventory Nov 5.6 NA --
Dec 5.3 NA -- -- -- -- -- --
Jan 5.9 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
$184,000
76
30,293 30,293
67 $171,500 67
28,051 28,051 $160,000
26,891 26,891
59 57
22,437
20,857

+ 12.7% - 7.4% - 20.0% - 7.0% - 12.8% - 2.4% + 17.1% + 12.4%

96.3% 96.8% 96.1% 96.3% 96.8% 96.1%

2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

Median Sales Price Percent of Original List Price Received at Sale

$184,000 $187,500 $185,000
$171,500
$160,000

96.8%
96.3% 96.1%

94.3%

93.4%

+ 7.2% + 7.3% + 1.9% - 1.3%

+ 0.5% - 0.7% - 1.8% - 1.0%

2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

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