New Listings2Pending Sales3

Residential Sales Report

June 2010

Think global, act local. With European debt crises, oil spills anddisappointing job growth figures putting stress on the stock market,the local housing market didn’t fare much better.

A free research tool from the

Austin Board of REALTORS®

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

Closed Sales4Days On Market Until Sale5Median Sales Price6Average Sales Price7Percent of Original List Price Received at Sale8Housing Affordability Index9Housing Supply Outlook

All Residential Properties

Under $125,000

and

$125,001 to $175,000

$175,001 to $250,000

and

$250,001 to $400,000

$400,001 to $750,000

and

$750,001 and above

13Market Overview14Annual Review15

Buyers remained hesitant during June, as Pending Sales posted a15.2 percent decrease from last year. Many would-be June buyersalready bought during the credit period.Due to slow pendings, inventory levels increased 24.5 percentcompared to last year, yet prices still managed to move up. TheMedian Sales Price for June of $200,436 was a 2.8 percentincrease over last year. Negotiations inched back toward the sellersby just under a percent to arrive at 94.1 percent of their original listprice. Market times decreased 12.8 percent to 67 days, whileMonths Supply decreased 7.3 percent to 7.8 months.Expect closings to receive a slight boost as Congress recentlyextended the closing date to September 30 for tax credit buyers,and expect the market to stay flat or post minor improvements over the near term.

A free research tool from the

Austin Board of REALTORS®

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