2009 - 3rd 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 months
>$800,000 - 27.2 months

*MLS Area 8e

<$800,000 - 6.4 months
>$800,000 - 17.8 months

*MLS Area RN

<$800,000 - 6.8 months
>$800,000 - 20.9 months

*MLS Area 8W

<$800,000 - 5.7 months
>$800,000 - 24.6 months

*MLS Area W

<$800,000 - 4.5 months
>$800,000 - 20.7 months

*MLS Area LN

<$800,000 - 15.5 months
>$800,000 - 56.6 months

*MLS Area LS

<$800,000 - 10.5 months
>$800,000 - 41.1 months

Inner Core Neighborhoods

MLS Area 1A
Median Price: $530,000
Current Listings: 82
Foreclosures: 0
Months of Inventory:5.8

*MLS Area 8e
Median Price: $1,150,000
Current Listings:157
Foreclosures: 0
Months of Inventory:11.1

MLS Area DT
Median Price: $1,150,000
Current Listings:6 -Houses only
Foreclosures: 0
Months of Inventory:(N/A)