2010 - 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 6.96 months
>$800,000 10.65 months

*MLS Area 8e

<$800,000 3.02 months
>$800,000 14.96 months

*MLS Area RN

<$800,000 5.35 months
>$800,000 24.95 months

*MLS Area 8W

<$800,000 4.30 months
>$800,000 16.60 months

*MLS Area W

<$800,0004.44 months

>$800,000 12.40 months

*MLS Area LN

<$800,000 13.29 months
>$800,000 32.25 months

*MLS Area LS

<$800,000 8.56 months
>$800,000 26.70 months

Inner Core Neighborhoods

MLS Area 1A
Median Price: $480,000
Current Listings: 97
Foreclosures: 1
Months of Inventory: 6.58

*MLS Area 8e
Median Price: $1,1222,000
Current Listings:130
Foreclosures: 1
Months of Inventory: 7.36

MLS Area DT
Median Price: $1,169,850
Current Listings:5 Houses only
Foreclosures: 0
Months of Inventory:(N/A)