A free research tool from the Austin Board of REALTORS®

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Residential Sales Report

April 2010
The expiration of the tax credit clearly motivated buyers to take action New Listings 2
in April. By month's end, there was an astounding 66.4 percent year-
over-year increase in Pending Sales, bringing the total number of Pending Sales 3
contracts written to 3,254 for the month. Closed Sales were also up p
year-over-year by 21.8 percent.
Closed Sales 4
Days On Market Until Sale 5
The number of New Listings was up as well—36.5 percent over last
year—but because of the increased activity, the number of Total Active Median Sales Price 6
Listings held steady over last month at 12,500.
Average Sales Price 7
At $185,000, the Median Sales Price only experienced a slight 0.2 Percent of Original List Price Received at Sale 8
percent decrease year-over-year; however, Percent of Original List
Price Received at Sale was up 2.0 percent over last year. This means Housing Affordability Index 9
that, on average, sellers can expect to receive 94.8 percent of their Housing Supply Outlook
original list price after 67 days on the market.
All Residential Properties 10
A possible side effect of the tax credit is that it brought many buyers
into the market who are now aware of the great prices and interest
Under $125,000 and $125,001 to $175,000 11
rates. For those buyers who have not yet found a home, they should $175,001 to $250,000 and $250,001 to $400,000 12
continue to search, although maybe not with the same level of urgency.
$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 10K Research and Marketing. 1
 New Listings
A Monthly Indicator from the Austin Board of REALTORS®

April Year to Date

16,273 16,450
4,957
4,428 13,513

3,631

One Year One Year

Change: Change:

+ 36.5% + 21.7%
Two Year Two Year
Change: Change:

+ 11.9% + 1.1%

2008 2009 2010 2008 2009 2010

Historical Market Activity

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

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 10K Research and Marketing. 2
 Pending Sales
A Monthly Indicator from the Austin Board of REALTORS®

April January through April

April Year to Date
3,254 9,132
3,254 8,790 9,132
8,790

2,339 6,547
2,339 6,547
1,956
1,956

One Year One Year

Change: Change:
+ 66.4% 39.5%
Two Year Two Year
Change: Change:
+ 39.1% 3.9%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

Historical Market Activity

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

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 10K Research and Marketing. 3
 Closed Sales
A Monthly Indicator from the Austin Board of REALTORS®

April January through April

April Year to Date
7,380
2,192 7,380
2,192 2,081
2,081 6,278
6,278
1,708 5,316
1,708
5,316

One Year One Year

Change: Change:

+ 21.8% + 18.1%
Two Year Two Year
Change: Change:
- 5.1% - 14.9%
2008 2009 2010 2008 2009 2010
2008 2009 2010 2008 2009 2010

Historical Market Activity

5,500
New Listings
5,000
Pending Sales

4,500
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 10K Research and Marketing. 4
Days on Market Until Sale
A Monthly Indicator from the Austin Board of REALTORS®

April January through April

April
76 Year to Date
76
81
81
67
67
64
64
69 70
70
69

One Year One Year

Change: Change:
- 11.9% - 12.7%
Two Year Two Year
Change: Change:
+ 4.8% + 1.8%
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 10K Research and Marketing. 5
 Median Sales Price
A Monthly Indicator from the Austin Board of REALTORS®

April January through April

April Year to Date Figures do not take into account seller concessions.
$185,651 $185,300 $185,000 $185,000 $181,000 $180,000
$185,651 $185,300 $185,000
$185,000 $181,000 $180,000

One Year One Year

Change: Change:
- 0.2% - 0.6%
Two Year Two Year
Change: Change:
- 0.4% - 2.7%
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 10K Research and Marketing. 6
 Average Sales Price
A Monthly Indicator from the Austin Board of REALTORS®

April January through April

April Year to Date Figures do not take into account seller concessions.
$238,061
$238,061 $237,372
$237,372
$227,567 $232,012
$232,012 $229,170 $231,436
$231,436
$227,567 $229,170

One Year One Year

Change: Change:
+ 2.0% + 1.0%
Two Year Two Year
Change: Change:
- 2.5% - 2.5%
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 10K Research and Marketing. 7
 Percent of Original List Price Received at Sale
A Monthly Indicator from the Austin Board of REALTORS®

April 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.

95.4%
94.8% 94.6%
95.0% 95.0% 94.2%
92.9%
92.2%

90.0% 90.0%

One Year
Change: One Year
85.0% Change:
85.0%
+ 2.0%
+ 2.2%
Two Year
Change: Two Year
Change:
- 0.6%
- 0.5%
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 10K Research and Marketing. 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
April
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.

154
142 154
139
139 142

One Year
Change:
- 8.2%
Two Year
Change:
+ 2.0%
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 10K Research and Marketing. 9
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

Inventory of Active Listings

Previously Owned Single-Family
11,194
New Construction Condo-Townhouse
2,752
2,591 2,565

1,717 1,671

1,040

356 340 360 302

1,326 167
1,142 42
241
Up to $125,000 $125,001 to $175,001 to $250,001 to $400,001 to $750,001 and
$175,000 $250,000 $400,000 $750,000 above
Single-Family Condo-Townhouse

Months Supply of Inventory

Previously Owned Single-Family
New Construction Condo-Townhouse
All 8.2 8.1 All
7.8
7.4 7.4
7.1 7.0 24.7 24.6 25.2 24.6

5.2
4.8

10.8 10.5 11.1

8.9
7.2 7.5
6.2 5.7 6.1 6.3 6.2 6.5
5.4 5.5

All Single-Family Condo-Townhouse Up to $125,000 $125,001 to $175,001 to $250,001 to $400,001 and $750,001 and
$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 10K Research and Marketing. 10
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

Under $125,000
Inventory Months Supply
Previously Owned Previously Owned
New Construction New Construction
2,004 6.1 6.2 6.1
5.7 5.8
1,662
4.5

342
69 55 14

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

$125,001 to $175,000
Inventory Months Supply
Previously Owned Previously Owned
2,707
New Construction New Construction
2,406 6.9

5.8 5.7

3.8
3.3 3.2

224 301
185
39

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 11
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

$175,001 to $250,000
Inventory Months Supply
2,762 Previously Owned Previously Owned
New Construction New Construction
2,454 9.0
8.3

6.8 6.6

4.6
4.3

350 298 308

52

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

$250,001 to $400,000
Inventory Months Supply
Previously Owned Previously Owned
2,527 New Construction New Construction 12.5
2,296

8.1 7.8 7.5

4.9 4.5

340 269 231

71

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 12
Housing Supply Outlook
A Monthly Indicator from the Austin Board of REALTORS®

$400,001 to $750,000
Inventory Months Supply
Previously Owned Previously Owned
1,584 New Construction New Construction
1,463
24.6 25.1

12.0 11.5

7.5
6.5
254 208
121
46

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

$750,001 and above

Inventory Months Supply
936 913 Previously Owned Previously Owned
New Construction New Construction
25.5 26.1

20.1
17.5

13.8

146 127
23 19 0.0

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

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 13
 Market Overview
A Monthly Indicator from the Austin Board of REALTORS®

5-Year
This Year Last Year
April 2010 This Year Last Year
Percent
Change
5-Year
Average
Year-to-
Date
Year-to-
Date
Percent
Change
Year-to-
Date
Average
New Listings Feb 3,495 3,069 + 13.9% 3,380 6,813 6,215 + 9.6% 6,818
Mar 4,680 3,667 + 27.6% 4,164 11,493 9,882 + 16.3% 10,981
Apr 4,957 3,631 + 36.5% 4,309 16,450 13,513 + 21.7% 15,291
Pending Sales Feb 1,826 1,398 + 30.6% 1,980 3,330 2,736 + 21.7% 3,792
Mar 2,548 1,855 + 37.4% 2,462 5,878 4,591 + 28.0% 6,254
Apr 3,254 1,956 + 66.4% 2,642 9,132 6,547 + 39.5% 8,896
Closed Sales Feb 1,249 1,195 + 4.5% 1,584 2,238 2,107 + 6.2% 2,904
Mar 1,959 1,501 + 30.5% 2,141 4,197 3,608 + 16.3% 5,046
Apr 2,081 1,708 + 21.8% 2,196 6,278 5,316 + 18.1% 7,242
Days on Market Until Sale Feb 72 84 - 14.1% 71 75 83 - 9.6% 73
Mar 69 83 - 16.7% 69 72 83 - 12.9% 71
A
Apr 67 76 - 11.9%
11 9% 63 70 81 - 12.7%
12 7% 69
Median Sales Price Feb $180,000 $187,900 - 4.2% $177,980 $177,000 $181,500 - 2.5% $176,110
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 $180,000 $181,000 - 0.6% $178,100
Average Sales Price Feb $231,299 $236,476 - 2.2% $230,360 $231,241 $231,275 - 0.0% $230,989
Mar $231,047 $228,039 + 1.3% $232,773 $231,150 $229,929 + 0.5% $231,740
Apr $232,012 $227,567 + 2.0% $233,966 $231,436 $229,170 + 1.0% $232,380
Total Active Listings Available Feb 11,809 NA --
Mar 12,550 NA -- -- -- -- -- --
Apr 12,550 NA --
Percent of Original List Feb 93.6% 91.7% + 2.0% 94.6% 94.6% 91.5% + 3.3% 93.4%
Price Received at Sale Mar 94.4% 92.3% + 2.3% 95.0% 95.0% 91.8% + 3.4% 93.8%
Apr 94.8% 92.9% + 2.0% 95.5% 95.5% 92.2% + 3.6% 94.2%
Housing Affordability Index Feb 158 147 + 7.4% 149
Mar 146 157 - 6.9% 148 -- -- -- --
Apr 142 154 - 8.2% 145
Months Supply of Inventory Feb 6.5 NA --
Mar 6.6 NA -- -- -- -- -- --
Apr 6.6 NA --

All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing. 14
Annual Review
A free research tool from the Austin Board of REALTORS®

Closed Sales January through April

April Days on Market Until Sale
$184,000
76
30,293 30,293 $171,500
67 67
28,051 28,051 $160,000
26,891 26,891
59 57
22,437
20,906

+ 12.7% - 7.4% - 20.0% - 6.8% - 12.8% - 2.4% + 17.1% + 12.5%

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 10K Research and Marketing. 15