austin housing supply overview april 2011

8/6/2019 Austin Housing Supply Overview April 2011

1/7

A RESEARCH TOOL PROVIDED BY THEAUSTIN BOARD OF REALTORS

April 2011 Quick Facts

Housing Supply Overview

+ 19.9% - 16.9%- 2.6%

$750,001 and Above 3,001 sq. ft. and Above

Pending Sales 2

Days on Market Until Sale 3

Median Sales Price 4

5

Inventory of Homes for Sale 6

Months Supply of Inventory 7

All data from the ABOR Multiple Listing Service. Powered by 10K Research and Marketing. | 1

Click on desired metric to jump to that page.

Strongest Sales: Strongest Sales:

Strongest Sales:

Single-Family

Percent of Original List Price Received


2/7

Pending SalesA count of properties on which offers have been accepted. Based on a rolling 12-month total.

4,044

6,346

5,731

4,558

1,959

522

3,705

4,4534,177 4,059

2,043

626

$125,000 and Below $125,001 to $175,000 $175,001 to $250,000 $250,001 to $400,000 $400,001 to $750,000 $750,001 and Above

By Price Range 4-2010 4-2011

6,963

6,113

6,778

3,306

5,054 4,908

5,882

3,219

1,500 sq. ft. andBelow

1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.

3,001 sq. ft. andAbove

By Square Feet 4-2010 4-2011

- 8.4% - 29.8% - 27.1% + 4.3% + 19.9% - 27.4% - 13.2% - 2.6%- 27.1% - 27.4%

By Price Range 4-2010 4-2011 Change 4-2010 4-2011 Change 4-2010 4-2011 Change$125,000 and Below 4,044 3,705 - 8.4% 3,271 3,202 - 2.1% 767 501 - 34.7%

$125,001 to $175,000 6,346 4,453 - 29.8% 5,712 4,035 - 29.4% 630 418 - 33.7%

$175,001 to $250,000 5,731 4,177 - 27.1% 5,251 3,804 - 27.6% 479 371 - 22.5%

$250,001 to $400,000 4,558 4,059 - 10.9% 4,228 3,760 - 11.1% 326 298 - 8.6%

$400,001 to $750,000 1,959 2,043 + 4.3% 1,877 1,911 + 1.8% 80 132 + 65.0%$750,001 and Above 522 626 + 19.9% 502 606 + 20.7% 20 20 0.0%

All Price Ranges 23,160 19,063 - 17.7% 20,841 17,318 - 16.9% 2,302 1,740 - 24.4%

By Square Feet 4-2010 4-2011 Change 4-2010 4-2011 Change 4-2010 4-2011 Change

1,500 sq. ft. and Below 6,963 5,054 - 27.4% 5,146 3,806 - 26.0% 1,804 1,244 - 31.0%

1,501 to 2,000 sq. ft. 6,113 4,908 - 19.7% 5,754 4,573 - 20.5% 359 335 - 6.7%

2,001 to 3,000 sq. ft. 6,778 5,882 - 13.2% 6,652 5,735 - 13.8% 124 146 + 17.7%

3,001 sq. ft. and Above 3,306 3,219 - 2.6% 3,289 3,204 - 2.6% 15 15 0.0%

All Square Footage 23,160 19,063 - 17.7% 20,841 17,318 - 16.9% 2,302 1,740 - 24.4%

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

All Properties Single-Family Homes Condos

4,044

6,346

5,731

4,558

1,959

522

3,705

4,4534,177 4,059

2,043

626



6,963

6,113

6,778

3,306

5,054 4,908

5,882

3,219


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 8.4% - 29.8% - 27.1% + 4.3% + 19.9% - 27.4% - 13.2% - 2.6%- 27.1% - 27.4%


3/7

Days on Market Until SaleAverage number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

58 60

71

86

103

135

70 7280 84 83

128



5964

79

105

7175

81

95


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



+ 22.4% + 20.3% + 12.2% - 19.1% - 5.2% + 19.6% + 2.1% - 9.1%+ 12.2% + 19.6%

By Price Range 4-2010 4-2011 Change 4-2010 4-2011 Change 4-2010 4-2011 Change$125,000 and Below 58 70 + 22.4% 57 70 + 23.7% 61 73 + 18.3%

$125,001 to $175,000 60 72 + 20.3% 59 72 + 21.5% 70 78 + 10.9%

$175,001 to $250,000 71 80 + 12.2% 69 79 + 13.5% 89 90 + 1.2%

$250,001 to $400,000 86 84 - 1.9% 84 82 - 2.2% 112 112 - 0.0%

$400,001 to $750,000 103 83 - 19.1% 102 82 - 19.7% 115 97 - 15.5%$750,001 and Above 135 128 - 5.2% 135 128 - 4.8% 133 111 - 16.2%

All Price Ranges 73 79 + 8.5% 72 78 + 8.6% 79 86 + 8.8%


1,500 sq. ft. and Below 59 71 + 19.6% 55 68 + 24.3% 71 79 + 10.3%

1,501 to 2,000 sq. ft. 64 75 + 18.2% 61 73 + 19.1% 104 107 + 3.0%

2,001 to 3,000 sq. ft. 79 81 + 2.1% 78 80 + 2.4% 121 100 - 16.7%

3,001 sq. ft. and Above 105 95 - 9.1% 105 95 - 9.1% 134 126 - 6.0%

All Square Footage 73 79 + 8.5% 72 78 + 8.6% 79 86 + 8.8%



58 60

71

86

103

135

70 7280 84 83

128



5964

79

105

7175

81

95


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



+ 22.4% + 20.3% + 12.2% - 19.1% - 5.2% + 19.6% + 2.1% - 9.1%+ 12.2% + 19.6%


4/7

Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

$131,950

$165,000

$228,000

$385,000

$129,500

$162,063

$232,000

$406,000

1,500 sq. ft. and Below 1,501 to 2,000 sq. ft. 2,001 to 3,000 sq. ft. 3,001 sq. ft. and Above


$184,631 $188,000

$154,990

$190,000 $194,900

$161,500


By Property Type 4-2010 4-2011

+ 3.7% + 4.2%- 1.9% - 1.8% + 2.9%+ 1.8% + 5.5%


1,500 sq. ft. and Below $131,950 $129,500 - 1.9% $131,000 $126,500 - 3.4% $135,000 $140,000 + 3.7%1,501 to 2,000 sq. ft. $165,000 $162,063 - 1.8% $162,000 $159,900 - 1.3% $233,500 $227,289 - 2.7%

2,001 to 3,000 sq. ft. $228,000 $232,000 + 1.8% $226,763 $230,000 + 1.4% $300,000 $335,000 + 11.7%

3,001 sq. ft. and Above $385,000 $406,000 + 5.5% $385,000 $405,000 + 5.2% $684,750 $785,870 + 14.8%

All Square Footage $184,631 $190,000 + 2.9% $188,000 $194,900 + 3.7% $154,990 $161,500 + 4.2%



$131,950

$165,000

$228,000

$385,000

$129,500

$162,063

$232,000

$406,000

1,500 sq. ft. and Below 1,501 to 2,000 sq. ft. 2,001 to 3,000 sq. ft. 3,001 sq. ft. and Above


$184,631 $188,000

$154,990

$190,000 $194,900

$161,500


By Property Type 4-2010 4-2011

+ 3.7% + 4.2%- 1.9% - 1.8% + 2.9%+ 1.8% + 5.5%


5/7

Percent of Original List Price ReceivedPercentage found when dividing a propertys sales price by its original list price, then taking the average for all properties sold,

not accounting for seller concessions. Based on a rolling 12-month average.

93.4%

95.9%

94.5%

92.9%

90.8%

86.5%

90.5%

93.7% 93.5% 93.2% 92.7%

89.1%



94.5%95.0%

93.7%

90.8%

92.3%

93.2% 93.1%

91.9%


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 3.2% - 2.3% - 1.0% + 2.1% + 3.1% - 2.4% - 0.6% + 1.2%- 1.0% - 2.4%

By Price Range 4-2010 4-2011 Change 4-2010 4-2011 Change 4-2010 4-2011 Change$125,000 and Below 93.4% 90.5% - 3.2% 93.2% 90.2% - 3.2% 94.7% 92.2% - 2.7%

$125,001 to $175,000 95.9% 93.7% - 2.3% 96.0% 93.7% - 2.4% 95.2% 93.7% - 1.5%

$175,001 to $250,000 94.5% 93.5% - 1.0% 94.6% 93.5% - 1.1% 93.1% 93.0% - 0.1%

$250,001 to $400,000 92.9% 93.2% + 0.3% 93.0% 93.2% + 0.2% 91.3% 93.0% + 1.9%

$400,001 to $750,000 90.8% 92.7% + 2.1% 90.8% 92.6% + 2.0% 91.5% 95.0% + 3.8%$750,001 and Above 86.5% 89.1% + 3.1% 86.5% 89.0% + 2.9% 85.0% 93.3% + 9.8%

All Price Ranges 93.9% 92.7% - 1.2% 93.9% 92.7% - 1.3% 93.8% 93.1% - 0.8%


1,500 sq. ft. and Below 94.5% 92.3% - 2.4% 94.6% 92.1% - 2.7% 94.4% 93.1% - 1.4%

1,501 to 2,000 sq. ft. 95.0% 93.2% - 1.9% 95.2% 93.2% - 2.1% 92.6% 93.0% + 0.5%

2,001 to 3,000 sq. ft. 93.7% 93.1% - 0.6% 93.8% 93.1% - 0.7% 90.4% 93.3% + 3.1%

3,001 sq. ft. and Above 90.8% 91.9% + 1.2% 90.8% 91.9% + 1.2% 83.0% 93.0% + 12.0%

All Square Footage 93.9% 92.7% - 1.2% 93.9% 92.7% - 1.3% 93.8% 93.1% - 0.8%



93.4%

95.9%

94.5%

92.9%

90.8%

86.5%

90.5%

93.7% 93.5% 93.2% 92.7%

89.1%



94.5%95.0%

93.7%

90.8%

92.3%

93.2% 93.1%

91.9%


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 3.2% - 2.3% - 1.0% + 2.1% + 3.1% - 2.4% - 0.6% + 1.2%- 1.0% - 2.4%


6/7

Inventory of Homes for SaleThe number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

1,910

2,7042,902

2,780

1,748

1,048

1,754

2,290 2,339 2,349

1,559

960



3,355

2,967

3,865

2,9052,8842,636

3,240

2,491


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 8.2% - 15.3% - 19.4% - 10.8% - 8.4% - 14.0% - 16.2% - 14.3%- 19.4% - 14.0%

By Price Range 4-2010 4-2011 Change 4-2010 4-2011 Change 4-2010 4-2011 Change$125,000 and Below 1,910 1,754 - 8.2% 1,521 1,389 - 8.7% 385 356 - 7.5%

$125,001 to $175,000 2,704 2,290 - 15.3% 2,319 1,975 - 14.8% 380 313 - 17.6%

$175,001 to $250,000 2,902 2,339 - 19.4% 2,523 2,037 - 19.3% 372 298 - 19.9%

$250,001 to $400,000 2,780 2,349 - 15.5% 2,453 2,071 - 15.6% 319 276 - 13.5%

$400,001 to $750,000 1,748 1,559 - 10.8% 1,581 1,447 - 8.5% 160 109 - 31.9%$750,001 and Above 1,048 960 - 8.4% 1,002 916 - 8.6% 38 40 + 5.3%

All Price Ranges 13,092 11,251 - 14.1% 11,399 9,835 - 13.7% 1,654 1,392 - 15.8%


1,500 sq. ft. and Below 3,355 2,884 - 14.0% 2,210 1,923 - 13.0% 1,131 952 - 15.8%

1,501 to 2,000 sq. ft. 2,967 2,636 - 11.2% 2,601 2,335 - 10.2% 361 298 - 17.5%

2,001 to 3,000 sq. ft. 3,865 3,240 - 16.2% 3,715 3,114 - 16.2% 140 117 - 16.4%

3,001 sq. ft. and Above 2,905 2,491 - 14.3% 2,873 2,463 - 14.3% 22 25 + 13.6%

All Square Footage 13,092 11,251 - 14.1% 11,399 9,835 - 13.7% 1,654 1,392 - 15.8%



1,910

2,7042,902

2,780

1,748

1,048

1,754

2,290 2,339 2,349

1,559

960



3,355

2,967

3,865

2,9052,8842,636

3,240

2,491


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 8.2% - 15.3% - 19.4% - 10.8% - 8.4% - 14.0% - 16.2% - 14.3%- 19.4% - 14.0%


7/7

Months Supply of InventoryThe inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by

the average monthly pending sales from the last 12 months.

5.9 5.46.3

7.7

10.9

24.8

5.7 5.8 6.46.7

9.3

18.7



6.0 6.1

7.1

10.7

6.5 6.2 6.5

9.3


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 3.7% + 8.1% + 2.2% - 14.5% - 24.6% + 7.8% - 9.6% - 12.9%+ 2.2% + 7.8%

By Price Range 4-2010 4-2011 Change 4-2010 4-2011 Change 4-2010 4-2011 Change$125,000 and Below 5.9 5.7 - 3.7% 5.8 5.3 - 9.3% 6.3 8.1 + 27.7%

$125,001 to $175,000 5.4 5.8 + 8.1% 5.1 5.6 + 8.8% 7.8 8.1 + 3.3%

$175,001 to $250,000 6.3 6.4 + 2.2% 6.0 6.1 + 2.7% 9.6 9.4 - 1.6%

$250,001 to $400,000 7.7 6.7 - 12.5% 7.3 6.4 - 12.0% 12.9 10.6 - 17.9%

$400,001 to $750,000 10.9 9.3 - 14.5% 10.3 9.2 - 10.4% 24.3 10.5 - 56.9%

$750,001 and Above 24.8 18.7 - 24.6% 24.6 18.5 - 24.9% 18.0 20.0 + 11.1%

All Price Ranges 7.1 6.9 - 2.6% 6.8 6.6 - 2.7% 9.1 9.1 - 0.2%


1,500 sq. ft. and Below 6.0 6.5 + 7.8% 5.4 5.8 + 7.7% 7.9 8.7 + 9.5%

1,501 to 2,000 sq. ft. 6.1 6.2 + 1.8% 5.7 5.9 + 4.0% 12.8 10.2 - 20.1%

2,001 to 3,000 sq. ft. 7.1 6.5 - 9.6% 7.0 6.4 - 8.8% 14.4 9.1 - 36.9%

3,001 sq. ft. and Above 10.7 9.3 - 12.9% 10.6 9.3 - 12.9% 15.2 11.8 - 22.8%

All Square Footage 7.1 6.9 - 2.6% 6.8 6.6 - 2.7% 9.1 9.1 - 0.2%



5.9 5.46.3

7.7

10.9

24.8

5.7 5.8 6.46.7

9.3

18.7



6.0 6.1

7.1

10.7

6.5 6.2 6.5

9.3


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 3.7% + 8.1% + 2.2% - 14.5% - 24.6% + 7.8% - 9.6% - 12.9%+ 2.2% + 7.8%

austin housing supply overview april 2011

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