Below is the breakdown of June 2009 home sales in Austin. Our median price range is roughly at $200K, so about half of all sales for June fall into the first two price ranges below $200K. The second colum shows Average days on market for homes sold in each price range.
The third column shows the number of home active for sale as of July 30, 2009. The last column shows the number of months it would take for every active home to be absorbed by the market at the current rate of home sales. Current rate is calculated by averaging the trailing three month’s sales.
| Price Range | Number Sold | Avg Days on Mkt | Active July 2009 | Months Inventory |
| $149,999 or under | 494 | 59 | 1581 | 3.39 |
| $150,000 – $199,999 | 498 | 62 | 1741 | 4.18 |
| $200,000 – $249,999 | 320 | 77 | 1157 | 4.28 |
| $250,000 – $299,999 | 230 | 78 | 1026 | 5.55 |
| $300,000 – $349,999 | 119 | 105 | 706 | 6.83 |
| $350,000 – $399,999 | 89 | 105 | 694 | 8.71 |
| $400,000 – $449,999 | 65 | 83 | 440 | 7.90 |
| $450,000 – $499,999 | 49 | 126 | 426 | 10.92 |
| $500,000 – $549,999 | 31 | 104 | 237 | 9.00 |
| $550,000 – $599,999 | 19 | 107 | 274 | 17.87 |
| $600,000 – $699,999 | 33 | 156 | 365 | 13.52 |
| $700,000 – $799,999 | 19 | 150 | 231 | 18.24 |
| $800,000 – $899,999 | 13 | 125 | 188 | 21.69 |
| $900,000 – $999,999 | 7 | 124 | 136 | 25.50 |
| $1,000,000 or over | 25 | 125 | 643 | 35.07 |
What do the “month’s of inventory” mean?