austin realty stats april 2012

7/31/2019 Austin Realty Stats April 2012

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A RESEARCH TOOL PROVIDED BY THEAUSTIN BOARD OF REALTORS

April 2012 Quick Facts

Residential Sales Report

+ 8.0%

Change in

Median Sales Price

Sometimes the best answers aren't right under your nose. For example, the

most popular market indicator is home prices. But prices are what we call a

lagging indicator, because they reflect closed sales. Leading indicators are

forward-looking. Watch activity related to list price received at sale, days on

market and months supply of inventory to see how sellers might be regaining

their pricing power. Favorable supply-demand trends may be ticking away from

the buyer for the first time in years. Moral of the story: Price is but a single

- 26.8%

Change in

Inventory

+ 8.1%

Change in

Closed Sales

Market Overview 2

New Listings 3

Pending Sales 4

Closed Sales 5

Days On Market Until Sale 6

Median Sales Price 7

Average Sales Price 8

9

Housing Affordability Index 10

Inventory of Homes for Sale 11

Months Supply of Inventory 12

Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported.Current as of May 10, 2012. All data from ABOR Multiple Listing Service. Powered by 10K Research and Marketing.

Click on desired metric to jump to that page.

picture in the gallery.

New Listings in the Austin region decreased 1.8 percent to 3,690. Pending

Sales were up 34.8 percent to 2,841. Inventory levels shrank 26.8 percent to

8,679 units.

Prices enjoyed a boost. The Median Sales Price increased 8.0 percent to

$205,000. Days on Market was down 21.2 percent to 64 days. The supply-

demand balance stabilized as Months Supply of Inventory was down 42.1percent to 4.4 months.

When monitoring residential real estate activity, it is always important to keep

tabs on the overall economy and job growth. Preliminary Q1-2012 GDP growth

came in at 2.2 percent, which, while disappointing to some observers and

slower than Q4-2011, still signals economic expansion and not contraction.

Expedited bank processing and easing lending standards are also encouraging

developments.

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 4-2011 4-2012 + / YTD 2011 YTD 2012 + /

6,680 + 12.7%

81 64Days on Market Until Sale

1,860 2,011 + 8.1% 5,926

New Listings

Pending Sales

Closed Sales

- 2.0%

2,107 2,841 + 34.8% 7,169 9,150 + 27.6%

12,9133,756 3,690 - 1.8% 13,181

- 21.2% 88 76 - 14.1%

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

166

11,859

179 + 5.4%

--

$246,860 $252,016 + 2.1%

$189,900 $205,000

$265,996 + 1.7%

93.4% 95.6%

Housing Affordability Index

Median Sales Price

Average Sales Price

Percent of Original

List Price Received

$261,662

+ 8.0% $185,000 $195,000

+ 1.9%

+ 5.4%

+ 2.4% 92.6% 94.4%

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

7.6

172 + 3.3%

- 26.8%

- 42.1%

8,679

4.4

170

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

- - - -

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012

4-2009 4-2010 4-2011 4-2012


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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+ /

May 3,464 3,544 +2.3%

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 3,738 -5.9%

April 3,756 3,690 -1.8%

4,960

3,756 3,690

2010 2011 2012

April

16,450

13,181 12,913

2010 2011 2012

Year To Date

-2.0%-24.3% -1.8% -19.9%

12-Month Avg 3,016 2,873 -4.7%


2010 2011 2012

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

2010 2011 2012

- .- . - . - .


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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+ /

May 1,443 2,255 +56.3%

June 1,656 2,188 +32.1%

July 1,639 2,104 +28.4%

August 1,527 1,865 +22.1%

September 1,396 1,697 +21.6%

October 1,423 1,635 +14.9%

November 1,293 1,468 +13.5%

December 1,163 1,268 +9.0%

January 1,451 1,715 +18.2%

February 1,569 2,049 +30.6%

March 2,042 2,545 +24.6%

April 2,107 2,841 +34.8%

2,872

2,107

2,841

2010 2011 2012

April

8,575

7,169

9,150

2010 2011 2012

Year To Date

+27.6%-26.6% +34.8% -16.4%

12-Month Avg 1,559 1,969 +26.3%


2010 2011 2012

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

2010 2011 2012

+ .- . + . - .


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

Month

Prior

Year

Current

Year+ /

May 2,307 2,081 -9.8%

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 1,733 +10.2%

January 1,059 1,190 +12.4%

February 1,225 1,417 +15.7%

March 1,782 2,062 +15.7%

April 1,860 2,011 +8.1%

2,252

1,8602,011

2010 2011 2012

April

6,520

5,926

6,680

2010 2011 2012

Year To Date

+12.7%-17.4% +8.1% -9.1%

12-Month Avg 1,622 1,848 +15.1%


2010 2011 2012

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

2010 2011 2012

+ .- . + . - .


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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+ /

May 62 76 +22.2%

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 -5.7%

February 93 81 -12.3%

March 92 79 -14.5%

April 81 64 -21.2%

66

81

64

2010 2011 2012

April

70

88

76

2010 2011 2012

Year To Date

-14.1%+22.3% -21.2% +25.3%

12-Month Avg 79 77 -3.0%


2010 2011 2012

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

2010 2011 2012

- .+ . - . + .


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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+ /

May $186,000 $192,000 +3.2%

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 $176,700 -4.2%

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

March $182,250 $199,101 +9.2%

April $189,900 $205,000 +8.0%

$185,000 $189,900$205,000

2010 2011 2012

April

$179,900 $185,000$195,000

2010 2011 2012

Year To Date

+5.4%+2.6% +8.0% +2.8%

12-Mo. Median $190,000 $190,539 +0.3%


2010 2011 2012

$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

2010 2011 2012

+ .+ . + . + .


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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+ /

May $236,487 $259,972 +9.9%

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 $242,579 -1.0%

January $241,053 $223,644 -7.2%

February $237,568 $249,024 +4.8%

March $241,250 $256,797 +6.4%

April $261,662 $265,996 +1.7%

$228,668

$261,662 $265,996

2010 2011 2012

April

$230,857$246,860 $252,016

2010 2011 2012

Year To Date

+ 2.1%+ 14.4% + 1.7% + 6.9%

12-Month Avg $250,885 $251,749 +0.3%


2010 2011 2012

$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

2010 2011 2012

+ .+ . + 1.7% + .


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Percent of Original List Price Received

Month

Prior

Year

Current

Year+ /

May 94.8% 93.4% -1.4%

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% 92.9% +1.4%

February 92.3% 93.6% +1.4%

March 92.6% 94.6% +2.1%

April 93.4% 95.6% +2.4%

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% 95.6%

2010 2011 2012

April

94.2% 92.6% 94.4%

2010 2011 2012

Year To Date

+1.9%-1.4% +2.4% -1.6%

12-Month Avg 92.7% 93.5% +0.9%


2010 2011 2012

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

2010 2011 2012

+ .- . + . - .


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Housing Affordability Index

Month

Prior

Year

Current

Year+ /

May 154 168 +8.9%

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 171 173 +1.7%

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.

154166 172

April

158170

179

Year To Date

+5.4%+7.7% +3.3% +7.5%April 166 172 +3.3%

12-Month Avg 161 176 +9.9%


2010 2011 2012

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

2010 2011 2012

+5.4%+7.7% +3.3% +7.5%


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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+ /

May 13,780 12,075 -12.4%

June 14,348 12,155 -15.3%

July 14,646 11,905 -18.7%

August 13,967 11,259 -19.4%

September 13,249 10,551 -20.4%

October 12,416 10,064 -18.9%November 11,347 9,388 -17.3%

December 10,015 8,267 -17.5%

January 10,098 8,227 -18.5%

February 10,285 8,335 -19.0%

March 11,183 8,692 -22.3%

April 11,859 8,679 -26.8%

13,099

11,859

8,679

2010 2011 2012

April

-26.8%+7.7%

12-Month Avg 12,266 9,966 -18.9%


2010 2011 2012

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

- .+7.7%


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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+ /

May 7.4 7.4 +0.6%

June 7.9 7.3 -7.4%

July 8.2 7.0 -14.9%

August 8.0 6.5 -19.0%

September 7.8 6.0 -23.1%

October 7.4 5.7 -24.1%November 6.8 5.2 -23.0%

December 6.0 4.6 -23.3%

January 6.0 4.5 -25.3%

February 6.2 4.5 -28.1%

March 6.9 4.6 -33.9%

April 7.6 4.4 -42.1%

6.8

7.6

4.4

2010 2011 2012

April

-26.8%+7.7%

12-Month Avg 7.2 5.6 -21.6%


2010 2011 2012

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

-26.8%+7.7%

austin realty stats april 2012

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