2010 - 1st Quarter
Each section of the Austin area was analyzed to reveal its underlying, localized market condition.   We pulled this data:

1. Median List Price

2. Current Listings

3. Foreclosure Listings

4. Months of inventory

The number of months required to sell the current inventory is a key indicator of market condition. Here is a rule of thumb:

1-3 months = Sellers Market

4-6 months = Balanced

7 + months = Buyers Market

(Months of inventory is figured by dividing the # of current listings by the rate of sales during the past 12 months. For example, if there were 24 sales in past 12 months the sales rate is 2 sales per month. If there are 10 homes on the market, it will take 5 months to sell the inventory. )

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*MLS Area 1B
<$800,000 - 7.2 months
>$800,000 - 19.3 months

*MLS Area 8e

<$800,000 - 5.2 months
>$800,000 - 14.8 months

*MLS Area RN

<$800,000 - 5.8 months
>$800,000 - 23.1 months

*MLS Area 8W

<$800,000 - 5.0 months
>$800,000 - 19.4 months

*MLS Area W

<$800,000 - 4.9 months
>$800,000 - 19.6 months

*MLS Area LN

<$800,000 - 16 months
>$800,000 - 66 months

*MLS Area LS

<$800,000 - 10 months
>$800,000 -34.5 months

Inner Core Neighborhoods

MLS Area 1A
Median Price: $499,000
Current Listings: 88
Foreclosures: 0
Months of Inventory: 5.9

*MLS Area 8e
Median Price: $998,500
Current Listings:152
Foreclosures: 1
Months of Inventory: 9.0

MLS Area DT
Median Price: $1,575,000
Current Listings:2-Houses only
Foreclosures: 0
Months of Inventory:(N/A)