Austin Median Price 2004 - 2009
| Total Sold Units |
% Change | Median Price |
% Change | Inventory | Months Inventory |
|
|---|---|---|---|---|---|---|
| 2004 12 months |
22,567 | $153,250 | Dec 2004 8,863 |
Dec 2004 4.7 mo |
||
| 2005 12 months |
26,905 | +19% | $160,900 | +5% | Dec 2005 7,738 |
Dec 2005 3.5 mo |
| 2006 12 months |
30,284 | +12% | $171,900 | +7% | Dec 2006 7,735 |
Dec 2006 3.1 mo |
| 2007 12 months |
28,048 | –7.6% | $183,650 | +7% | Dec 2007 9,866 |
Dec 2007 4.2 mo |
| 2008 12 months |
22,440 | –20% | $187,250 | +2% | Dec 2008 10,089 |
Dec 2008 5.4 mo |
| 2009 12 months |
19,038 | –15% | $185,000 | –1% | Dec 2009 9,366 |
Dec 2009 5.4 mo |
| Total Sold Units | Median Price | Inventory | Months of Inventory |
|
|---|---|---|---|---|
| 2009 Jan |
914 | $185,000 12 months |
10,373 Jan 2009 |
5.7 mo |
| 2010 1 month |
1008 | $174,800 1 month |
9,931 Jan 2010 |
5.7 mo |
| +10.3% | –4.3% |
| SUPPLY DOWN | Months of inventory are 5.7 months. Economists say that a balanced market should have about 6.5 months of inventory. Number of listings comparing Jan 2009 to Jan 2010 are DOWN –4.3%. |
|---|---|
| DEMAND UP | Number of unit sales comparing Jan 2009 to Jan 2010 are UP +10.3%. |
| PRICE | Price is holding almost level. Comparing 2008 to 2009 price is down – 1.2 %. January 2010 low sales price is due in part to the incentive to sell homes to first time buyers. |
| Supply is DOWN. Demand is UP. Price will most likely go up in 2010. | |
| Source:http://recenter.tamu.edu/Data/hs/hs140b.htm & http://www.realtor.org/ | |
USA – Austin 2004 – 2009
Units Sold & Median Price Comparison
| Year | Units Sold USA | % Change | Units Sold Austin | % Change |
|---|---|---|---|---|
| 2004 | 6,784,000 | 22,567 | ||
| 2005 | 7,076,000 | +4.3% | 26,905 | +19.2% |
| 2006 | 6,478,000 | –8.5% | 30,284 | +12.6% |
| 2007 | 5,652,000 | –12.8% | 28,048 | –7.6% |
| 2008 | 4,913,000 | –13.1% | 22,449 | –20.0% |
| % Change 2005–2008 |
–27.6% | –16.6% | ||
| Project 2009 | 4,890,000 |
| Year | Median Price USA | % Change | Median Price Austin | % Change |
|---|---|---|---|---|
| 2004 | $153,250 | |||
| 2005 | $219,600 | $160,900 | +5% | |
| 2006 | $221,900 | $171,900 | +7% | |
| 2007 | $219,000 | $183,650 | +7% | |
| 2008 | $198,100 | $187,250 | +2% | |
| % Change | –9.8% | +22.2% | ||
| Project 2009 | $181,800 | $185,800 |
Sources
NATIONAL ASSOCIATION OF REALTORS®
Texas Real Estate Center - MLS Statistics
http://recenter.tamu.edu/Data/hs/hs140b.htm
Price Change by Region from 2007 to 2008
| West | -19.2% |
|---|---|
| South | -5.3% |
| Midwest | -6.7% |
| Northeast | -4.5% |
Source:
National Association of REALTORS® ~ http://www.realtor.org/
