austin housing supply overview | august 2011

8/4/2019 Austin Housing Supply Overview | August 2011

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A RESEARCH TOOL PROVIDED BY THEAUSTIN BOARD OF REALTORS

August 2011 Quick Facts

Housing Supply Overview

+ 13.6% + 2.0%+ 8.3%

$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

Current as of September 9, 2011. All data from ABOR Multiple Listing Service. Powered by 10K Research and Marketing.

Click on desired metric to jump to that page.

Strongest Sales: Strongest Sales:

Strongest Sales:

Single-Family

Percent of Original List Price Received


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

3,740

5,483

4,893

4,286

1,993

574

4,207

4,9714,747

4,456

2,173

652

$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 8-2010 8-2011

6,116

5,371

6,282

3,200

5,707 5,610

6,424

3,465

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 8-2010 8-2011

+ 12.5% - 9.3% - 3.0% + 9.0% + 13.6% - 6.7% + 2.3% + 8.3%- 3.0% - 6.7%

By Price Range 8-2010 8-2011 Change 8-2010 8-2011 Change 8-2010 8-2011 Change$125,000 and Below 3,740 4,207 + 12.5% 3,044 3,645 + 19.7% 690 560 - 18.8%

$125,001 to $175,000 5,483 4,971 - 9.3% 4,935 4,483 - 9.2% 546 487 - 10.8%

$175,001 to $250,000 4,893 4,747 - 3.0% 4,456 4,323 - 3.0% 435 422 - 3.0%

$250,001 to $400,000 4,286 4,456 + 4.0% 3,970 4,106 + 3.4% 313 349 + 11.5%

$400,001 to $750,000 1,993 2,173 + 9.0% 1,886 2,035 + 7.9% 105 137 + 30.5%$750,001 and Above 574 652 + 13.6% 556 633 + 13.8% 18 19 + 5.6%

All Price Ranges 20,969 21,206 + 1.1% 18,847 19,225 + 2.0% 2,107 1,974 - 6.3%

By Square Feet 8-2010 8-2011 Change 8-2010 8-2011 Change 8-2010 8-2011 Change

1,500 sq. ft. and Below 6,116 5,707 - 6.7% 4,512 4,269 - 5.4% 1,593 1,435 - 9.9%

1,501 to 2,000 sq. ft. 5,371 5,610 + 4.4% 5,019 5,240 + 4.4% 352 370 + 5.1%

2,001 to 3,000 sq. ft. 6,282 6,424 + 2.3% 6,133 6,264 + 2.1% 147 156 + 6.1%

3,001 sq. ft. and Above 3,200 3,465 + 8.3% 3,183 3,452 + 8.5% 15 13 - 13.3%

All Square Footage 20,969 21,206 + 1.1% 18,847 19,225 + 2.0% 2,107 1,974 - 6.3%

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 | 2

All Properties Single-Family Homes Condos


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.

5860

6980

91

125

7479 83

84 85

124



5863

75

95

7579

83

95


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



+ 27.7% + 31.9% + 19.4% - 6.6% - 0.8% + 29.1% + 10.1% - 0.6%+ 19.4% + 29.1%

By Price Range 8-2010 8-2011 Change 8-2010 8-2011 Change 8-2010 8-2011 Change$125,000 and Below 58 74 + 27.7% 57 73 + 27.8% 61 80 + 31.4%

$125,001 to $175,000 60 79 + 31.9% 59 78 + 33.9% 69 82 + 18.0%

$175,001 to $250,000 69 83 + 19.4% 67 82 + 21.7% 89 90 + 1.3%

$250,001 to $400,000 80 84 + 4.7% 77 82 + 6.2% 109 100 - 8.4%

$400,001 to $750,000 91 85 - 6.6% 90 84 - 6.6% 107 95 - 11.3%$750,001 and Above 125 124 - 0.8% 127 124 - 2.2% 84 138 + 65.6%

All Price Ranges 70 82 + 16.4% 69 81 + 17.1% 78 88 + 12.3%


1,500 sq. ft. and Below 58 75 + 29.1% 54 73 + 36.1% 71 82 + 15.2%

1,501 to 2,000 sq. ft. 63 79 + 24.0% 61 77 + 26.6% 101 102 + 1.4%

2,001 to 3,000 sq. ft. 75 83 + 10.1% 75 82 + 10.5% 106 103 - 2.7%

3,001 sq. ft. and Above 95 95 - 0.6% 95 94 - 0.9% 99 167 + 69.2%

All Square Footage 70 82 + 16.4% 69 81 + 17.1% 78 88 + 12.3%




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

$130,000

$165,000

$230,000

$395,328

$129,000

$160,000

$230,000

$406,500


$185,000 $189,950

$155,000

$190,000 $193,000

$165,000

By Property Type 8-2010 8-2011

+ 1.6% + 6.5%- 0.8% - 3.0% + 2.7%


1,500 sq. ft. and Below $130,000 $129,000 - 0.8% $130,000 $125,000 - 3.8% $135,000 $145,000 + 7.4%

1,501 to 2,000 sq. ft. $165,000 $160,000 - 3.0% $162,000 $158,780 - 2.0% $237,500 $220,918 - 7.0%

2,001 to 3,000 sq. ft. $230,000 $230,000 0.0% $229,500 $228,000 - 0.7% $299,000 $350,000 + 17.1%

3,001 sq. ft. and Above $395,328 $406,500 + 2.8% $395,000 $405,000 + 2.5% $724,750 $580,000 - 20.0%

All Square Footage $185,000 $190,000 + 2.7% $189,950 $193,000 + 1.6% $155,000 $165,000 + 6.5%



, sq. . an e ow , o , sq. . , o , sq. . , sq. . an ove roper es ng e- am y omes on os


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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.

93.1%

95.5%

94.4%93.5%

91.9%

87.8%

90.0%

93.6% 93.4% 93.5% 93.0%

89.4%



94.3%94.8%

93.8%

91.5%

92.1%

92.9%93.1%

92.3%


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 3.3% - 2.0% - 1.1% + 1.2% + 1.8% - 2.3% - 0.7% + 0.9%- 1.1% - 2.3%

By Price Range 8-2010 8-2011 Change 8-2010 8-2011 Change 8-2010 8-2011 Change$125,000 and Below 93.1% 90.0% - 3.3% 92.7% 89.7% - 3.2% 95.0% 91.8% - 3.4%

$125,001 to $175,000 95.5% 93.6% - 2.0% 95.6% 93.5% - 2.1% 95.0% 94.1% - 1.0%

$175,001 to $250,000 94.4% 93.4% - 1.1% 94.5% 93.4% - 1.2% 93.3% 93.3% - 0.0%

$250,001 to $400,000 93.5% 93.5% + 0.1% 93.5% 93.5% - 0.0% 92.6% 93.8% + 1.2%

$400,001 to $750,000 91.9% 93.0% + 1.2% 91.8% 92.9% + 1.2% 93.5% 94.7% + 1.3%$750,001 and Above 87.8% 89.4% + 1.8% 87.7% 89.4% + 1.9% 91.7% 91.4% - 0.3%

All Price Ranges 93.9% 92.7% - 1.3% 93.8% 92.6% - 1.3% 94.2% 93.2% - 1.0%


1,500 sq. ft. and Below 94.3% 92.1% - 2.3% 94.2% 91.7% - 2.7% 94.5% 93.3% - 1.3%

1,501 to 2,000 sq. ft. 94.8% 92.9% - 2.0% 94.9% 92.9% - 2.1% 93.1% 92.8% - 0.4%

2,001 to 3,000 sq. ft. 93.8% 93.1% - 0.7% 93.8% 93.1% - 0.8% 93.6% 93.5% - 0.2%

3,001 sq. ft. and Above 91.5% 92.3% + 0.9% 91.6% 92.3% + 0.8% 88.7% 92.1% + 3.8%

All Square Footage 93.9% 92.7% - 1.3% 93.8% 92.6% - 1.3% 94.2% 93.2% - 1.0%




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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.

2,216

2,990 3,041 2,908

1,716

1,081

1,638

2,108 2,198 2,167

1,532

927



3,5323,311

4,109

3,000

2,546 2,484

3,060

2,480


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 26.1% - 29.5% - 27.7% - 10.7% - 14.2% - 27.9% - 25.5% - 17.3%- 27.7% - 27.9%

By Price Range 8-2010 8-2011 Change 8-2010 8-2011 Change 8-2010 8-2011 Change$125,000 and Below 2,216 1,638 - 26.1% 1,795 1,335 - 25.6% 421 293 - 30.4%

$125,001 to $175,000 2,990 2,108 - 29.5% 2,622 1,864 - 28.9% 363 240 - 33.9%

$175,001 to $250,000 3,041 2,198 - 27.7% 2,686 1,968 - 26.7% 347 227 - 34.6%

$250,001 to $400,000 2,908 2,167 - 25.5% 2,597 1,959 - 24.6% 303 204 - 32.7%

$400,001 to $750,000 1,716 1,532 - 10.7% 1,564 1,415 - 9.5% 145 113 - 22.1%$750,001 and Above 1,081 927 - 14.2% 1,025 866 - 15.5% 50 55 + 10.0%

All Price Ranges 13,952 10,570 - 24.2% 12,289 9,407 - 23.5% 1,629 1,132 - 30.5%


1,500 sq. ft. and Below 3,532 2,546 - 27.9% 2,419 1,796 - 25.8% 1,101 739 - 32.9%

1,501 to 2,000 sq. ft. 3,311 2,484 - 25.0% 2,949 2,236 - 24.2% 357 245 - 31.4%

2,001 to 3,000 sq. ft. 4,109 3,060 - 25.5% 3,964 2,932 - 26.0% 137 120 - 12.4%

3,001 sq. ft. and Above 3,000 2,480 - 17.3% 2,957 2,443 - 17.4% 34 28 - 17.6%

All Square Footage 13,952 10,570 - 24.2% 12,289 9,407 - 23.5% 1,629 1,132 - 30.5%




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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.

7.0 6.37.1

8.0

10.4

22.6

4.9 5.25.7 6.0

8.5

17.3



6.77.2

7.7

11.2

5.6 5.45.8

8.8


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 30.3% - 17.8% - 19.8% - 17.8% - 23.4% - 17.2% - 23.9% - 21.7%- 19.8% - 17.2%

By Price Range 8-2010 8-2011 Change 8-2010 8-2011 Change 8-2010 8-2011 Change$125,000 and Below 7.0 4.9 - 30.3% 7.0 4.6 - 34.6% 7.1 6.7 - 5.9%

$125,001 to $175,000 6.3 5.2 - 17.8% 6.1 5.1 - 17.4% 7.7 6.1 - 20.8%

$175,001 to $250,000 7.1 5.7 - 19.8% 6.9 5.6 - 18.8% 9.3 6.8 - 26.9%

$250,001 to $400,000 8.0 6.0 - 25.7% 7.7 5.8 - 24.5% 11.4 7.2 - 37.2%

$400,001 to $750,000 10.4 8.5 - 17.8% 10.0 8.4 - 15.5% 17.9 10.0 - 44.4%$750,001 and Above 22.6 17.3 - 23.4% 22.1 16.6 - 25.1% 23.7 29.1 + 22.9%

All Price Ranges 7.8 6.1 - 21.2% 7.6 6.0 - 21.2% 9.1 7.2 - 20.8%


1,500 sq. ft. and Below 6.7 5.6 - 17.2% 6.2 5.2 - 16.1% 8.0 6.4 - 19.4%

1,501 to 2,000 sq. ft. 7.2 5.4 - 24.3% 6.8 5.2 - 23.5% 12.2 8.4 - 31.2%

2,001 to 3,000 sq. ft. 7.7 5.8 - 23.9% 7.6 5.7 - 24.2% 11.7 9.5 - 18.8%

3,001 sq. ft. and Above 11.2 8.8 - 21.7% 11.1 8.7 - 21.8% 19.4 14.9 - 23.1%

All Square Footage 7.8 6.1 - 21.2% 7.6 6.0 - 21.2% 9.1 7.2 - 20.8%



austin housing supply overview | august 2011

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