austin real estate stats-may2012
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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%
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 | 3
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%
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 | 4
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%
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 | 5
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%
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 | 6
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%
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 | 7
$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%
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 | 8
$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%
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 | 9
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.
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 | 10
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%
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 | 11
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%
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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%
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 | 12
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%
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