housing supply overview | july 2011

8/6/2019 Housing Supply Overview | July 2011

http://slidepdf.com/reader/full/housing-supply-overview-july-2011 1/7

A RESEARCH TOOL PROVIDED BY THE AUSTIN BOARD OF REALTORS®

July 2011 Quick Facts

Housing Supply Overview

+ 12.2% - 2.1%+ 6.0%

$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



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

3,783

5,688

5,109

4,351

1,980

575

4,080

4,9184,637

4,389

2,156

645

$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 7-2010 7-2011

6,315

5,532

6,419

3,220

5,554 5,533

6,326

3,412

1,500 sq. ft. andBelow

1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.

3,001 sq. ft. and Above

By Square Feet 7-2010 7-2011

+ 7.9% - 13.5% - 9.2% + 8.9% + 12.2% - 12.1% - 1.4% + 6.0%- 9.2% - 12.1%

By Price Range 7-2010 7-2011 Change 7-2010 7-2011 Change 7-2010 7-2011 Change

$125,000 and Below 3,783 4,080 + 7.9% 3,063 3,540 + 15.6% 714 538 - 24.6%

$125,001 to $175,000 5,688 4,918 - 13.5% 5,122 4,446 - 13.2% 563 471 - 16.3%

$175,001 to $250,000 5,109 4,637 - 9.2% 4,658 4,229 - 9.2% 449 406 - 9.6%

$250,001 to $400,000 4,351 4,389 + 0.9% 4,030 4,046 + 0.4% 318 342 + 7.5%

$400,001 to $750,000 1,980 2,156 + 8.9% 1,881 2,020 + 7.4% 97 135 + 39.2%$750,001 and Above 575 645 + 12.2% 556 628 + 12.9% 19 17 - 10.5%

All Price Ranges 21,486 20,825 - 3.1% 19,310 18,909 - 2.1% 2,160 1,909 - 11.6%

By Square Feet 7-2010 7-2011 Change 7-2010 7-2011 Change 7-2010 7-2011 Change

1,500 sq. ft. and Below 6,315 5,554 - 12.1% 4,648 4,162 - 10.5% 1,655 1,389 - 16.1%

1,501 to 2,000 sq. ft. 5,532 5,533 + 0.0% 5,181 5,179 - 0.0% 351 354 + 0.9%

2,001 to 3,000 sq. ft. 6,419 6,326 - 1.4% 6,277 6,171 - 1.7% 140 151 + 7.9%

3,001 sq. ft. and Above 3,220 3,412 + 6.0% 3,204 3,397 + 6.0% 14 15 + 7.1%

All Square Footage 21,486 20,825 - 3.1% 19,310 18,909 - 2.1% 2,160 1,909 - 11.6%

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 | 2

All Properties Single-Family Homes Condos



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.

5759

69

8292

126

7378 82 83 85

127



5863

76

96

75 7882

96


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



+ 27.9% + 32.2% + 19.1% - 7.8% + 0.6% + 29.2% + 7.8% - 0.3%+ 19.1% + 29.2%


$125,000 and Below 57 73 + 27.9% 57 72 + 27.9% 60 78 + 30.7%

$125,001 to $175,000 59 78 + 32.2% 58 78 + 34.5% 69 80 + 16.1%

$175,001 to $250,000 69 82 + 19.1% 67 82 + 21.5% 90 90 + 0.1%

$250,001 to $400,000 82 83 + 2.2% 79 82 + 4.1% 113 96 - 14.5%

$400,001 to $750,000 92 85 - 7.8% 91 84 - 7.5% 113 93 - 17.9%$750,001 and Above 126 127 + 0.6% 127 127 - 0.0% 95 117 + 23.3%

All Price Ranges 70 81 + 15.9% 69 81 + 16.8% 79 86 + 9.4%


1,500 sq. ft. and Below 58 75 + 29.2% 53 73 + 36.6% 71 81 + 14.6%

1,501 to 2,000 sq. ft. 63 78 + 24.4% 60 77 + 27.4% 103 99 - 3.7%

2,001 to 3,000 sq. ft. 76 82 + 7.8% 75 82 + 8.5% 113 93 - 17.5%

3,001 sq. ft. and Above 96 96 - 0.3% 96 95 - 0.5% 114 154 + 34.6%

All Square Footage 70 81 + 15.9% 69 81 + 16.8% 79 86 + 9.4%





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

$131,000

$165,000

$230,000

$390,000

$128,995

$160,000

$230,000

$406,370


$185,000 $189,150

$155,000

$190,000 $193,000

$165,000

By Property Type 7-2010 7-2011

+ 2.0% + 6.5%- 1.5% - 3.0% + 2.7%


1,500 sq. ft. and Below $131,000 $128,995 - 1.5% $130,000 $125,000 - 3.8% $136,000 $145,000 + 6.6%

1,501 to 2,000 sq. ft. $165,000 $160,000 - 3.0% $162,000 $158,600 - 2.1% $234,500 $230,438 - 1.7%

2,001 to 3,000 sq. ft. $230,000 $230,000 0.0% $229,000 $229,000 0.0% $294,700 $358,000 + 21.5%

3,001 sq. ft. and Above $390,000 $406,370 + 4.2% $390,000 $405,000 + 3.8% $694,500 $615,000 - 11.4%

All Square Footage $185,000 $190,000 + 2.7% $189,150 $193,000 + 2.0% $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



Percent of Original List Price ReceivedPercentage found when dividing a property’s 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.

93.5%

95.7%94.5%

93.4%

91.8%

87.7%

89.9%

93.5% 93.4% 93.5%92.8%

89.4%



94.5%94.9%

93.9%

91.5%

92.0%

92.9% 93.0%

92.2%


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 3.8% - 2.4% - 1.2% + 1.1% + 1.9% - 2.6% - 1.0% + 0.8%- 1.2% - 2.6%


$125,000 and Below 93.5% 89.9% - 3.8% 93.1% 89.7% - 3.7% 95.1% 91.7% - 3.6%

$125,001 to $175,000 95.7% 93.5% - 2.4% 95.8% 93.4% - 2.5% 95.1% 93.9% - 1.3%

$175,001 to $250,000 94.5% 93.4% - 1.2% 94.6% 93.4% - 1.3% 93.3% 93.3% - 0.1%

$250,001 to $400,000 93.4% 93.5% + 0.1% 93.5% 93.4% - 0.0% 92.4% 93.8% + 1.5%

$400,001 to $750,000 91.8% 92.8% + 1.1% 91.7% 92.7% + 1.0% 93.0% 94.9% + 2.0%$750,001 and Above 87.7% 89.4% + 1.9% 87.7% 89.3% + 1.9% 89.5% 92.4% + 3.3%

All Price Ranges 94.0% 92.6% - 1.5% 94.0% 92.5% - 1.6% 94.2% 93.2% - 1.1%


1,500 sq. ft. and Below 94.5% 92.0% - 2.6% 94.5% 91.6% - 3.0% 94.6% 93.3% - 1.4%

1,501 to 2,000 sq. ft. 94.9% 92.9% - 2.2% 95.0% 92.9% - 2.3% 93.0% 92.8% - 0.2%

2,001 to 3,000 sq. ft. 93.9% 93.0% - 1.0% 93.9% 93.0% - 1.0% 93.4% 93.5% + 0.1%

3,001 sq. ft. and Above 91.5% 92.2% + 0.8% 91.5% 92.2% + 0.7% 86.7% 92.6% + 6.8%

All Square Footage 94.0% 92.6% - 1.5% 94.0% 92.5% - 1.6% 94.2% 93.2% - 1.1%





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.

2,232

3,130 3,186 3,105

1,832

1,148

1,767

2,2562,406

2,290

1,600

981



3,6553,465

4,343

3,170

2,745 2,694

3,280

2,581


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 20.8% - 27.9% - 24.5% - 12.7% - 14.5% - 24.9% - 24.5% - 18.6%- 24.5% - 24.9%


$125,000 and Below 2,232 1,767 - 20.8% 1,796 1,426 - 20.6% 435 331 - 23.9%

$125,001 to $175,000 3,130 2,256 - 27.9% 2,730 1,990 - 27.1% 395 262 - 33.7%

$175,001 to $250,000 3,186 2,406 - 24.5% 2,782 2,116 - 23.9% 395 287 - 27.3%

$250,001 to $400,000 3,105 2,290 - 26.2% 2,776 2,065 - 25.6% 319 222 - 30.4%

$400,001 to $750,000 1,832 1,600 - 12.7% 1,668 1,482 - 11.2% 157 115 - 26.8%$750,001 and Above 1,148 981 - 14.5% 1,091 925 - 15.2% 50 50 0.0%

All Price Ranges 14,633 11,300 - 22.8% 12,843 10,004 - 22.1% 1,751 1,267 - 27.6%


1,500 sq. ft. and Below 3,655 2,745 - 24.9% 2,459 1,910 - 22.3% 1,184 825 - 30.3%

1,501 to 2,000 sq. ft. 3,465 2,694 - 22.3% 3,069 2,399 - 21.8% 389 292 - 24.9%

2,001 to 3,000 sq. ft. 4,343 3,280 - 24.5% 4,192 3,143 - 25.0% 143 128 - 10.5%

3,001 sq. ft. and Above 3,170 2,581 - 18.6% 3,123 2,552 - 18.3% 35 22 - 37.1%

All Square Footage 14,633 11,300 - 22.8% 12,843 10,004 - 22.1% 1,751 1,267 - 27.6%





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 6.4 7.38.5

11.2

24.5

5.4 5.7 6.4 6.4

9.1

18.5



6.87.3

8.1

11.8

6.2 6.1 6.4

9.3


1,501 to 2,000 sq.ft.

2,001 to 3,000 sq.ft.



- 22.1% - 10.4% - 11.7% - 18.2% - 24.7% - 8.5% - 20.7% - 21.4%- 11.7% - 8.5%


$125,000 and Below 7.0 5.4 - 22.1% 6.9 5.0 - 27.0% 7.2 7.6 + 5.9%

$125,001 to $175,000 6.4 5.7 - 10.4% 6.2 5.6 - 10.0% 8.0 7.1 - 11.8%

$175,001 to $250,000 7.3 6.4 - 11.7% 6.9 6.2 - 11.1% 10.2 8.8 - 14.2%

$250,001 to $400,000 8.5 6.4 - 24.4% 8.2 6.3 - 23.3% 11.9 7.9 - 33.7%

$400,001 to $750,000 11.2 9.1 - 18.2% 10.7 9.0 - 15.7% 20.5 11.0 - 46.5%$750,001 and Above 24.5 18.5 - 24.7% 24.1 17.9 - 25.9% 23.7 26.5 + 11.8%

All Price Ranges 8.0 6.7 - 16.1% 7.8 6.5 - 16.3% 9.5 8.3 - 12.9%


1,500 sq. ft. and Below 6.8 6.2 - 8.5% 6.2 5.7 - 7.1% 8.4 7.5 - 10.7%

1,501 to 2,000 sq. ft. 7.3 6.1 - 16.5% 6.9 5.8 - 15.9% 13.0 10.1 - 22.1%

2,001 to 3,000 sq. ft. 8.1 6.4 - 20.7% 7.9 6.3 - 21.0% 13.0 10.4 - 19.6%

3,001 sq. ft. and Above 11.8 9.3 - 21.4% 11.7 9.2 - 21.2% 21.0 11.0 - 47.6%

All Square Footage 8.0 6.7 - 16.1% 7.8 6.5 - 16.3% 9.5 8.3 - 12.9%



housing supply overview | july 2011

Documents