austin real estate stats-may2012

7/31/2019 Austin Real Estate Stats-May2012

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A RESEARCH TOOL PROVIDED BY THEAUSTIN BOARD OF REALTORS

May 2012 Quick Facts

Market Overview 2

New Listings 3

Pending Sales 4

Closed Sales 5

Days On Market Until Sale 6

Median Sales Price 7Average Sales Price 8

9

Housing Affordability Index 10

Inventory of Homes for Sale 11

Months Supply of Inventory 12

Residential Sales Report

+ 9.4%

Change in

Median Sales Price

Click on desired metric to jump to that page.

Combined with reliable sales volumes, fewer active listings have translated into

competing bids on existing inventory and modest price gains in select

neighborhoods. Informed sellers have noticed some homes selling quicker and

for closer to asking price. Home searches are turning up far fewer results than

in recent years. National headlines mask regional variability. With fewer

distressed properties selling, prices are effectively melting up due to less

downward pressure. May looks pretty good all around.

New Listings in the Austin region increased 7.9 percent to 3,825. Pending Sales

were up 30.7 percent to 2,948. Inventory levels shrank 26.4 percent to 8,895

units.

Prices moved higher. The Median Sales Price increased 9.4 percent to

$210,000. Days on Market was down 20.6 percent to 60 days. The supply-

demand balance stabilized as Months Supply of Inventory was down 40.4percent to 4.4 months.

In economic news, May's jobs report was disappointing, and there's a growing

concern about the pace of domestic growth. Last month was also unsettling for

investors, prompting some to hunt for better returns in the housing market. This

forces other consumers up the price ladder. In politics, the Senate approved a

60-day National Flood Insurance Program extension. But with campaign season

upon us, major housing-related bills or policy shifts are unlikely.

- 26.4%

Change in

Inventory

+ 18.3%

Change in

Closed Sales

Percent of List Price Received


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Market OverviewKey market metrics for the current month and year-to-date.

Key Metrics Historical Sparklines 5-2011 5-2012 + / YTD 2011 YTD 2012 + /

All data comes from the ABOR Multiple Listing Service. Provided by the Austin Board of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

7.4

171 + 1.9%

- 26.4%

- 40.4%

8,895

4.4

171

--

-- --

--

--Months Supply

of Homes for Sale

Inventory of Homes for Sale

+ 9.4% $187,000 $198,175

+ 2.1%

- 20.6% 85 72 - 15.5%

+ 6.0%

+ 2.6% 92.8% 94.8%

+ 0.1%

2,255 2,948 + 30.7% 9,424 11,921 + 26.5%

16,7433,544 3,825 + 7.9% 16,725

2,081 2,461 + 18.3% 8,007

New Listings

Pending Sales

Closed Sales

93.4% 95.8%

Housing Affordability Index

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of Original

List Price Received

$259,972

9,290 + 16.0%

168

12,078

76 60

179 + 4.6%

--

$250,268 $256,210 + 2.4%

$192,000 $210,000

$270,122 + 3.9%

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012


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New ListingsA count of the properties that have been newly listed on the market in a given month.

Month

Prior

Year

Current

Year+ /

June 3,796 3,551 -6.5%

July 3,674 3,164 -13.9%

August 2,978 2,702 -9.3%

September 2,683 2,484 -7.4%

October 2,543 2,483 -2.4%

November 2,083 2,052 -1.5%

December 1,795 1,585 -11.7%

January 2,785 2,593 -6.9%

February 2,669 2,892 +8.4%

March 3,971 3,740 -5.8%April 3,756 3,693 -1.7%

May 3,544 3,825 +7.9%

12-Month Avg 3,023 2,897 -4.2%


3,464 3,5443,825

2010 2011 2012

May

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical New Listing Activity

19,914

16,725 16,743

2010 2011 2012

Year To Date

+0.1%+2.3% +7.9% -16.0%


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Pending SalesA count of the properties on which contracts have been accepted in a given month.

Month

Prior

Year

Current

Year+ /

June 1,656 2,187 +32.1%

July 1,639 2,104 +28.4%

August 1,527 1,863 +22.0%

September 1,396 1,697 +21.6%

October 1,423 1,635 +14.9%

November 1,293 1,465 +13.3%

December 1,163 1,267 +8.9%

January 1,451 1,706 +17.6%

February 1,569 2,040 +30.0%

March 2,042 2,521 +23.5%April 2,107 2,706 +28.4%

May 2,255 2,948 +30.7%

12-Month Avg 1,627 2,012 +23.7%


1,443

2,255

2,948

2010 2011 2012

May

1,000

1,500

2,000

2,500

3,000

3,500

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Pending Sales Activity

10,0179,424

11,921

2010 2011 2012

Year To Date

+26.5%+56.3% +30.7% -5.9%


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Closed SalesA count of the actual sales that have closed in a given month.

Month

Prior

Year

Current

Year+ /

June 2,211 2,356 +6.6%

July 1,654 2,182 +31.9%

August 1,686 2,226 +32.0%

September 1,425 1,823 +27.9%

October 1,346 1,603 +19.1%

November 1,340 1,497 +11.7%

December 1,573 1,734 +10.2%

January 1,059 1,194 +12.7%

February 1,225 1,425 +16.3%

March 1,782 2,095 +17.6%April 1,860 2,115 +13.7%

May 2,081 2,461 +18.3%

12-Month Avg 1,604 1,893 +18.2%


2,307

2,081

2,461

2010 2011 2012

May

500

1,000

1,500

2,000

2,500

3,000

3,500

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Closed Sales Activity

8,827

8,007

9,290

2010 2011 2012

Year To Date

+16.0%-9.8% +18.3% -9.3%


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Days on Market Until SaleAverage number of days between when a property is listed and when an offer is accepted in a given month.

Month

Prior

Year

Current

Year+ /

June 67 72 +8.3%

July 70 74 +5.8%

August 72 77 +7.1%

September 77 78 +0.7%

October 88 80 -8.7%

November 86 80 -8.0%

December 92 84 -8.7%

January 88 83 -5.8%

February 93 82 -11.6%

March 92 79 -14.3%April 81 65 -20.0%

May 76 60 -20.6%

12-Month Avg 81 75 -7.0%


62

76

60

2010 2011 2012

May

40

50

60

70

80

90

100

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Days on Market Until Sale

68

85

72

2010 2011 2012

Year To Date

-15.5%+22.2% -20.6% +24.6%


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Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.

Month

Prior

Year

Current

Year+ /

June $198,000 $198,000 0.0%

July $211,555 $190,000 -10.2%

August $194,000 $191,500 -1.3%

September $188,731 $185,000 -2.0%

October $190,000 $187,785 -1.2%

November $179,500 $184,000 +2.5%

December $189,000 $187,000 -1.1%

January $184,500 $176,600 -4.3%

February $185,000 $190,000 +2.7%

March $182,250 $197,444 +8.3%April $189,900 $205,000 +8.0%

May $192,000 $210,000 +9.4%

12-Mo. Median $190,350 $192,600 +1.2%


$186,000 $192,000

$210,000

2010 2011 2012

May

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Median Sales Price

$182,000 $187,000$198,175

2010 2011 2012

Year To Date

+6.0%+3.2% +9.4% +2.7%


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Average Sales PriceAverage sales price for all closed sales, not accounting for seller concessions, in a given month.

Month

Prior

Year

Current

Year+ /

June $265,235 $262,654 -1.0%

July $275,446 $255,611 -7.2%

August $257,321 $250,351 -2.7%

September $241,609 $244,565 +1.2%

October $255,409 $247,299 -3.2%

November $243,559 $242,531 -0.4%

December $245,024 $242,546 -1.0%

January $241,053 $223,330 -7.4%

February $237,568 $248,955 +4.8%

March $241,250 $255,438 +5.9%April $261,662 $264,218 +1.0%

May $259,972 $270,122 +3.9%

12-Month Avg $253,593 $252,739 -0.3%


$236,487

$259,972$270,122

2010 2011 2012

May

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000$260,000

$270,000

$280,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Average Sales Price

$232,328$250,268 $256,210

2010 2011 2012

Year To Date

+ 2.4%+ 9.9% + 3.9% + 7.7%


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Percent of Original List Price Received

Month

Prior

Year

Current

Year+ /

June 94.1% 93.8% -0.3%

July 93.1% 93.5% +0.4%

August 92.4% 93.2% +0.8%

September 91.9% 92.9% +1.1%

October 91.2% 93.0% +2.0%

November 91.3% 92.8% +1.7%

December 91.5% 92.6% +1.2%

January 91.6% 92.8% +1.4%

February 92.3% 93.5% +1.3%

March 92.6% 94.6% +2.2%April 93.4% 95.6% +2.3%

May 93.4% 95.8% +2.6%

12-Month Avg 92.6% 93.8% +1.3%


Percentage found when dividing a propertys sales price by its original list price, then taking the average for all properties sold in a given month,

not accounting for seller concessions.

94.8% 93.4% 95.8%

2010 2011 2012

May

91%

92%

93%

94%

95%

96%

97%

98%

99%

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Percent of Original List Price Received

94.3% 92.8% 94.8%

2010 2011 2012

Year To Date

+2.1%-1.4% +2.6% -1.6%


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Housing Affordability Index

Month

Prior

Year

Current

Year + /

June 149 165 +10.4%

July 144 170 +18.2%

August 157 174 +10.7%

September 161 181 +12.6%

October 161 177 +10.3%

November 170 182 +7.0%

December 160 180 +12.1%

January 168 192 +14.2%

February 167 182 +8.8%

March 171 175 +2.4%

April 166 172 +3.3%

May 168 171 +1.9%

12-Month Avg 162 177 +9.3%

This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary

to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.


154168 171

2010 2011 2012

May

120

130

140

150

160

170

180

190

200

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Housing Affordability Index

157171

179

2010 2011 2012

Year To Date

+4.6%+8.9% +1.9% +9.4%


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Inventory of Homes for SaleThe number of properties available for sale in active status at the end of a given month.

Month

Prior

Year

Current

Year+ /

June 14,349 12,159 -15.3%

July 14,647 11,910 -18.7%

August 13,968 11,267 -19.3%

September 13,250 10,558 -20.3%

October 12,417 10,071 -18.9%

November 11,348 9,402 -17.1%

December 10,016 8,282 -17.3%

January 10,100 8,265 -18.2%

February 10,287 8,398 -18.4%

March 11,185 8,819 -21.2%

April 11,861 9,023 -23.9%

May 12,078 8,895 -26.4%

12-Month Avg 12,126 9,754 -19.6%


13,781

12,078

8,895

2010 2011 2012

May

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Inventory of Homes for Sale

-26.4%+8.9%


12/12

Months Supply of InventoryThe inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

Month

Prior

Year

Current

Year+ /

June 7.9 7.3 -7.4%

July 8.2 7.0 -14.9%

August 8.0 6.5 -18.9%

September 7.8 6.0 -23.0%

October 7.4 5.7 -24.0%

November 6.8 5.2 -22.8%

December 6.0 4.6 -23.2%

January 6.0 4.5 -24.9%

February 6.2 4.5 -27.5%

March 6.9 4.6 -32.8%

April 7.6 4.6 -39.3%

May 7.4 4.4 -40.4%

12-Month Avg 7.2 5.4 -24.7%


7.4 7.4

4.4

2010 2011 2012

May

3

4

5

6

7

8

9

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Months Supply of Inventory

-26.4%+8.9%

austin real estate stats-may2012

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