2010 - 2nd 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 8.08 months
>$800,000 16.3 months

*MLS Area 8e

<$800,000 20.73 months
>$800,000 4.26 months

*MLS Area RN

<$800,000 7.34 months
>$800,000 28.42 months

*MLS Area 8W

<$800,000 4.63 months
>$800,000 17.78 months

*MLS Area W

<$800,000 6.55 months
>$800,000 25.29 months

*MLS Area LN

<$800,000 17.13 months
>$800,000 54.46 months

*MLS Area LS

<$800,000 10.90 months
>$800,000 37.90 months

Inner Core Neighborhoods

MLS Area 1A
Median Price: $479,983
Current Listings: 115
Foreclosures: 0
Months of Inventory: 7.75

*MLS Area 8e
Median Price: $1,000,000
Current Listings:183
Foreclosures: 3
Months of Inventory: 10.07

MLS Area DT
Median Price: $3,100,000
Current Listings:2-Houses only
Foreclosures: 0
Months of Inventory:(N/A)