Académique Documents
Professionnel Documents
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May 2012
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 supplydemand balance stabilized as Months Supply of Inventory was down 40.4
percent 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.
Quick Facts
+ 18.3%
+ 9.4%
- 26.4%
Change in
Closed Sales
Change in
Median Sales Price
Change in
Inventory
Market Overview
New Listings
Pending Sales
Closed Sales
Days On Market Until Sale
Median Sales Price
Average Sales Price
Percent of List Price Received
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
2
3
4
5
6
7
8
9
10
11
12
Market Overview
Key market metrics for the current month and year-to-date.
Key Metrics
Historical Sparklines
New Listings
5-2009
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
16,743
+ 0.1%
2,255
2,948
+ 30.7%
9,424
11,921
+ 26.5%
2,081
2,461
+ 18.3%
8,007
9,290
+ 16.0%
76
60
- 20.6%
85
72
- 15.5%
$192,000
$210,000
+ 9.4%
$187,000
$198,175
+ 6.0%
$259,972
$270,122
+ 3.9%
$250,268
$256,210
+ 2.4%
93.4%
95.8%
+ 2.6%
92.8%
94.8%
+ 2.1%
168
171
+ 1.9%
171
179
+ 4.6%
12,078
8,895
- 26.4%
--
--
--
7.4
4.4
- 40.4%
--
--
--
5-2012
Months Supply
of Homes for Sale
5-2009
16,725
5-2012
+ 7.9%
5-2012
3,825
5-2012
Percent of Original
List Price Received
5-2009
3,544
5-2012
+/
5-2012
5-2012
+/
5-2012
Closed Sales
5-2009
5-2012
5-2012
Pending Sales
5-2009
5-2011
5-2012
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
New Listings
A count of the properties that have been newly listed on the market in a given month.
May
Year To Date
3,464
3,544
3,825
19,914
16,725
2010
+2.3%
+7.9%
2011
2012
2010
16,743
-16.0%
+0.1%
2011
2012
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%
1-2010
1-2011
+/
1-2005
1-2006
1-2007
1-2008
1-2009
1-2012
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 | 3
Pending Sales
A count of the properties on which contracts have been accepted in a given month.
May
Year To Date
2,948
11,921
10,017
2,255
9,424
1,443
2010
+56.3%
+30.7%
2011
2012
2010
-5.9%
+26.5%
2011
2012
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%
1-2010
1-2011
3,000
2,500
2,000
1,500
1,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2012
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 | 4
Closed Sales
A count of the actual sales that have closed in a given month.
May
Year To Date
2,461
2,307
9,290
8,827
8,007
2,081
2010
-9.8%
+18.3%
2011
2012
2010
-9.3%
+16.0%
2011
2012
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%
1-2010
1-2011
+/
3,000
2,500
2,000
1,500
1,000
500
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2012
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 | 5
May
Year To Date
76
62
2010
85
60
+22.2%
-20.6%
2011
2012
72
68
2010
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%
Month
+24.6%
-15.5%
2011
2012
90
80
70
60
50
40
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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 | 6
May
Year To Date
$210,000
$186,000
2010
$192,000
$182,000
+3.2%
+9.4%
2011
2012
2010
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%
Month
$187,000
$198,175
+2.7%
+6.0%
2011
2012
+/
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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 | 7
May
Year To Date
$259,972
$270,122
$250,268
$236,487
2010
$256,210
$232,328
+ 9.9%
+ 3.9%
2011
2012
2010
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%
Month
+ 7.7%
+ 2.4%
2011
2012
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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 | 8
May
Year To Date
94.3%
94.8%
2010
93.4%
92.8%
94.8%
95.8%
-1.4%
+2.6%
2011
2012
2010
-1.6%
+2.1%
2011
2012
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%
1-2010
1-2011
+/
1-2005
1-2006
1-2007
1-2008
1-2009
1-2012
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 | 9
May
Year To Date
168
171
154
2010
157
+8.9%
+1.9%
2011
2012
2010
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%
Month
171
179
+9.4%
+4.6%
2011
2012
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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 | 10
May
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%
Month
13,781
12,078
8,895
2010
+8.9%
-26.4%
2011
2012
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%
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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 | 11
May
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%
Month
7.4
7.4
4.4
2010
+8.9%
-26.4%
2011
2012
+/
3
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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 | 12