8/14/2019 Austin TX Real Estate Monthly Indicators January 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 ReportJanuary 2010

A free research tool from the Austin Board of REALTORS

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

Home sales in the Austin region were once again strong inJanuary at 1,646 purchase agreements signed. That's the sixthconsecutive month where the change compared to a year ago

was even or positive.

The increase in sales has led to stabilizing home prices.January's median sales price of $175,000 was 0.6 percenthigher than a year ago. Yes, rising prices are ordinarily a pretty

ho-hum and normal thing, but in light of the drop in prices thatmost parts of the country have seen over the last several years,"ho-hum" is a welcome phrase these days.

The Months Supply of Inventory in the region currently sits at

5.9. A balanced market between buyers and sellers should have5 to 6 months of supply.

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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New ListingsA Monthly Indicator from the Austin Board of REALTORS

January

4,055

3,1463,316

2008 2009 2010

Year to Date

4,055

3,1463,316

2008 2009 2010

One Year

Change:

+ 5.4%Two Year

Change:

- 18.2%

One Year

Change:

+ 5.4%Two Year

Change:

- 18.2%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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Pending SalesA Monthly Indicator from the Austin Board of REALTORS

April

2,135

1,338

1,646

2008 2009 2010

January through April

2,135

1,338

1,646

2008 2009 2010

January

2,135

1,338

1,646

2008 2009 2010

Year to Date

2,135

1,338

1,646

2008 2009 2010

One Year

Change:

+ 23.0%Two Year

Change:

- 22.9%

One Year

Change:

23.0%

Two Year

Change:

-22.9%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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Closed SalesA Monthly Indicator from the Austin Board of REALTORS

April

1,435

910951

2008 2009 2010

January through April

1,435

910951

2008 2009 2010

January

1,435

910951

2008 2009 2010

Year to Date

1,435

910 951

2008 2009 2010

+ 4.5%

One Year

Change:

+ 4.5%Two Year

Change:

- 33.7%

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:

- 33.7%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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

April

74

8279

2008 2009 2010

January through April

74

8279

2008 2009 2010

January

74

8279

2008 2009 2010

Year to Date

74

8279

2008 2009 2010

One Year

Change:

- 3.3%Two Year

Change:

+ 7.1%

One Year

Change:

- 3.3%

Two Year

Change:

+ 7.1%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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Median Sales PriceA Monthly Indicator from the Austin Board of REALTORS

April

$185,000$174,000 $175,000

2008 2009 2010

January through April

$185,000$174,000 $175,000

2008 2009 2010

January

$185,000$174,000 $175,000

2008 2009 2010

Year to Date

$185,000$174,000 $175,000

2008 2009 2010

One Year

Change:

+ 0.6%Two Year

Change:

- 5.4%

One Year

Change:

+ 0.6%

Two Year

Change:

- 5.4%

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

$241,942$224,729

$233,015

2008 2009 2010

January through April

$241,942$224,729

$233,015

2008 2009 2010

January

$241,942$224,729

$233,015

2008 2009 2010

Year to Date

$241,942$224,729

$233,015

2008 2009 2010

One Year

Change:

+ 3.7%Two Year

Change:

- 3.7%

One Year

Change:

+ 3.7%

Two Year

Change:

- 3.7%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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

January

93.9%

91.2%

93.2%

80.0%

85.0%

90.0%

95.0%

100.0%

2008 2009 2010

Year to Date

93.9%

91.2%

93.2%

80.0%

85.0%

90.0%

95.0%

100.0%

2008 2009 2010

One Year

Change:

+ 2.2%Two Year

Change:

- 0.7%

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:

+ 2.2%

- 0.7%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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Housing Affordability IndexA Monthly Indicator from the Austin Board of REALTORS

April

144

156162

2008 2009 2010

January

144156

162

2008 2009 2010

One Year

Change:

+ 3.9%Two Year

Change:

+ 12.0%

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 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

5.7

7.6

6.2

5.6

11.1

5.9 5.7

8.2

5.9

All Single-Family Condo-Townhouse

Previously OwnedNew ConstructionAll

1,8871,980

1,904

1,273

777

304 300 305 273152

44

1,326

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

1,0631,315

315

7,832

Single-Family Condo-Townhouse

Previously Owned

New Construction

4.4 4.95.8

8.6

19.3

6.68.2

11.6

26.8

31.1

5.3 4.6 5.26.2

9.2

19.7

5.3 5.6

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 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

1,286

40 13

291

1,577

53

All Single-Family Condo-Townhouse

Previously Owned

New Construction 5.3

3.9

5.65.75.4

4.2

All Single-Family Condo-Townhouse

Previously Owned

New Construction

1,688

199

58

242

1,930

257

All Single-Family Condo-Townhouse

Previously Owned

New Construction

4.44.0

6.36.6

4.64.3

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. 11

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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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

1,669

311

57248

1,917

368

All Single-Family Condo-Townhouse

Previously Owned

New Construction

4.9 4.8

9.4

7.9

5.2 5.2

All Single-Family Condo-Townhouse

Previously Owned

New Construction

1,586

318

91182

1,768

409

All Single-Family Condo-Townhouse

Previously Owned

New Construction

6.1

5.0

10.6

12.1

6.45.6

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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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

985

288

6488

1,073

352

All Single-Family Condo-Townhouse

Previously Owned

New Construction

8.7 8.1

32.0

24.0

9.2 9.4

All Single-Family Condo-Townhouse

Previously Owned

New Construction

618

159

3212

630

191

All Single-Family Condo-Townhouse

Previously Owned

New Construction

19.2 19.7

384.0

9.018.823.4

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 2010

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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

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% 24,216Dec 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 --

January 2010

New Listings

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

8/14/2019 Austin TX Real Estate Monthly Indicators January 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

22,43720,857

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%

- 7.0% + 12.4%

- 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