• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Austin Real Estate Market Report May 2013
 

Austin Real Estate Market Report May 2013

on

  • 399 views

Austin real estate market report for May, 2013 provided by Eric Peterson with Austin Home Team. For more information visit austinhometeam.com.

Austin real estate market report for May, 2013 provided by Eric Peterson with Austin Home Team. For more information visit austinhometeam.com.

Statistics

Views

Total Views
399
Views on SlideShare
279
Embed Views
120

Actions

Likes
0
Downloads
1
Comments
0

2 Embeds 120

http://austinhometeam.com 119
http://austinhometeam.staging.wpengine.com 1

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Austin Real Estate Market Report May 2013 Austin Real Estate Market Report May 2013 Presentation Transcript

    • A RESEARCH TOOL PROVIDED BY THE AUSTIN BOARD OF REALTORS®May 2013 Quick FactsMarket Overview 2New Listings 3Pending Sales 4Closed Sales 5Days On Market Until Sale 6Median Sales Price 7Average Sales Price 89Housing Affordability Index 10Inventory of Homes for Sale 11Months Supply of Inventory 12Residential Sales ReportData is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of June 10, 2013. All data from ABOR Multiple Listing Service. Powered by 10K Research and Marketing.+ 9.6%Change inMedian Sales PriceClick on desired metric to jump to that page.Were halfway through the year and it seems our collective attention has shiftedfrom monitoring price and sales gains to eagerly anticipating more new listingactivity on the part of sellers. This shift is the result of an imbalance betweenstrong demand for homes and constrained supply. In some markets, purchaseagreements are being written up directly after a showing. Your experience andlocal market conditions may differ, but the market as a whole has summertimeheat.New Listings in the Austin region increased 9.5 percent to 4,194. Pending Saleswere up 24.0 percent to 3,395. Inventory levels shrank 28.4 percent to 6,837units.Prices turned higher. The Median Sales Price increased 9.6 percent to$227,900. Days on Market was down 40.5 percent to 36 days. Absorption ratesimproved as Months Supply of Inventory was down 41.3 percent to 2.8 months.Interest rate risk is back in the headlines after Fed chief Ben Bernankes latesttestimony on Capitol Hill. The Federal Reserve Bank is considering decreasingits $85 billion a month bond asset purchases, which have been holding interestrates at or near historic lows. This is mostly the result of an improving jobsmarket, which is a good thing for real estate.- 28.4%Change inInventory+ 18.6%Change inClosed SalesPercent of List Price Received
    • Market OverviewKey market metrics for the current month and year-to-date.Key Metrics Historical Sparklines 5-2012 5-2013 + / – YTD 2012 YTD 2013 + / –11,616 + 22.0%1729,54661 36169 - 5.7%--$255,679 $282,452 + 10.5%$208,000 $227,900$296,456 + 10.5%95.9% 98.7%Housing Affordability IndexDays on Market Until SaleMedian Sales PriceAverage Sales PricePercent of OriginalList Price Received$268,2162,641 3,132 + 18.6% 9,521New ListingsPending SalesClosed Sales+ 4.7%2,738 3,395 + 24.0% 11,585 14,227 + 22.8%17,5433,830 4,194 + 9.5% 16,751+ 9.6% $198,000 $216,300+ 2.4%- 40.5% 72 52 - 27.9%+ 9.2%+ 2.9% 94.9% 97.2%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 | 24.8162 - 6.0%- 28.4%- 41.3%6,8372.8179---- ------Months Supplyof Homes for SaleInventory of Homes for Sale5-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-20135-2010 5-2011 5-2012 5-2013
    • New ListingsA count of the properties that have been newly listed on the market in a given month.MonthPriorYearCurrentYear+ / –June 3,551 3,753 +5.7%July 3,164 3,291 +4.0%August 2,702 3,086 +14.2%September 2,484 2,454 -1.2%October 2,483 2,537 +2.2%November 2,052 2,226 +8.5%December 1,585 1,569 -1.0%January 2,593 2,603 +0.4%February 2,892 2,967 +2.6%March 3,741 3,738 -0.1%April 3,695 4,041 +9.4%May 3,830 4,194 +9.5%12-Month Avg 2,898 3,038 +4.9%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 | 33,5443,8304,1942011 2012 2013May1,0001,5002,0002,5003,0003,5004,0004,5005,0005,5001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical New Listing Activity16,725 16,75117,5432011 2012 2013Year To Date+4.7%+8.1% +9.5% +0.2%
    • Pending SalesA count of the properties on which contracts have been accepted in a given month.MonthPriorYearCurrentYear+ / –June 2,187 2,592 +18.5%July 2,102 2,447 +16.4%August 1,860 2,331 +25.3%September 1,695 1,966 +16.0%October 1,633 2,036 +24.7%November 1,463 1,821 +24.5%December 1,265 1,620 +28.1%January 1,701 2,161 +27.0%February 2,017 2,409 +19.4%March 2,488 2,972 +19.5%April 2,641 3,290 +24.6%May 2,738 3,395 +24.0%12-Month Avg 1,983 2,420 +22.1%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 | 42,2532,7383,3952011 2012 2013May1,0001,5002,0002,5003,0003,5001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Pending Sales Activity9,42111,58514,2272011 2012 2013Year To Date+22.8%+21.5% +24.0% +23.0%
    • Closed SalesA count of the actual sales that have closed in a given month.MonthPriorYearCurrentYear+ / –June 2,356 2,872 +21.9%July 2,182 2,624 +20.3%August 2,226 2,674 +20.1%September 1,823 2,019 +10.8%October 1,603 2,207 +37.7%November 1,499 1,843 +22.9%December 1,737 2,039 +17.4%January 1,198 1,583 +32.1%February 1,433 1,811 +26.4%March 2,104 2,397 +13.9%April 2,145 2,693 +25.5%May 2,641 3,132 +18.6%12-Month Avg 1,912 2,325 +22.3%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 | 52,0812,6413,1322011 2012 2013May5001,0001,5002,0002,5003,0003,5001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Closed Sales Activity8,0079,52111,6162011 2012 2013Year To Date+22.0%+26.9% +18.6% +18.9%
    • Days on Market Until SaleAverage number of days between when a property is listed and when an offer is accepted in a given month.MonthPriorYearCurrentYear+ / –June 72 55 -24.0%July 74 58 -21.7%August 77 58 -24.9%September 78 61 -22.0%October 80 64 -20.9%November 80 63 -21.1%December 84 66 -20.7%January 83 66 -20.4%February 82 65 -20.7%March 79 59 -25.3%April 65 46 -29.4%May 61 36 -40.5%12-Month Avg 75 57 -24.5%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 | 67661362011 2012 2013May304050607080901001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Days on Market Until Sale8572522011 2012 2013Year To Date-27.9%-19.8% -40.5% -15.4%
    • Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.MonthPriorYearCurrentYear+ / –June $198,000 $214,000 +8.1%July $190,000 $210,000 +10.5%August $191,500 $204,000 +6.5%September $185,000 $195,000 +5.4%October $187,785 $195,000 +3.8%November $184,000 $197,000 +7.1%December $187,000 $207,500 +11.0%January $176,600 $196,000 +11.0%February $190,000 $203,000 +6.8%March $197,000 $215,000 +9.1%April $205,000 $224,900 +9.7%May $208,000 $227,900 +9.6%12-Mo. Median $192,500 $209,990 +9.1%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$192,000$208,000$227,9002011 2012 2013May$140,000$150,000$160,000$170,000$180,000$190,000$200,000$210,000$220,000$230,000$240,0001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Median Sales Price$187,000$198,000$216,3002011 2012 2013Year To Date+9.2%+8.3% +9.6% +5.9%
    • Average Sales PriceAverage sales price for all closed sales, not accounting for seller concessions, in a given month.MonthPriorYearCurrentYear+ / –June $262,654 $276,759 +5.4%July $255,611 $275,200 +7.7%August $250,351 $266,532 +6.5%September $244,565 $257,008 +5.1%October $247,299 $267,060 +8.0%November $242,489 $264,018 +8.9%December $242,435 $276,987 +14.3%January $223,971 $254,893 +13.8%February $248,248 $258,852 +4.3%March $255,021 $276,032 +8.2%April $263,545 $303,945 +15.3%May $268,216 $296,456 +10.5%12-Month Avg $252,540 $274,980 +8.9%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$259,972 $268,216$296,4562011 2012 2013May$180,000$200,000$220,000$240,000$260,000$280,000$300,000$320,0001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Average Sales Price$250,106 $255,679$282,4522011 2012 2013Year To Date+ 10.5%+ 3.2% + 10.5% + 2.2%
    • Percent of Original List Price ReceivedMonthPriorYearCurrentYear+ / –June 93.9% 96.3% +2.5%July 93.6% 96.0% +2.6%August 93.3% 95.7% +2.5%September 93.0% 95.2% +2.4%October 93.3% 95.2% +2.0%November 93.1% 94.9% +1.9%December 92.9% 95.2% +2.5%January 93.1% 95.3% +2.4%February 93.6% 96.1% +2.6%March 94.7% 96.6% +2.0%April 95.7% 97.9% +2.3%May 95.9% 98.7% +2.9%12-Month Avg 94.0% 96.3% +2.4%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 | 9Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month,not accounting for seller concessions.93.6% 95.9% 98.7%2011 2012 2013May91%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 1-2013Historical Percent of Original List Price Received93.0% 94.9% 97.2%2011 2012 2013Year To Date+2.4%+2.5% +2.9% +2.0%
    • Housing Affordability IndexMonthPriorYearCurrentYear+ / –June 165 169 +2.4%July 170 174 +2.0%August 174 177 +2.0%September 181 187 +3.3%October 177 186 +4.9%November 182 185 +1.9%December 180 179 -0.3%January 192 191 -0.2%February 182 182 -0.2%March 175 173 -1.2%April 172 169 -1.5%May 172 162 -6.0%12-Month Avg 177 178 +0.6%This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessaryto qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.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 | 10168 1721622011 2012 2013May1201301401501601701801902001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Housing Affordability Index1711791692011 2012 2013Year To Date-5.7%+2.7% -6.0% +4.7%
    • Inventory of Homes for SaleThe number of properties available for sale in active status at the end of a given month.MonthPriorYearCurrentYear+ / –June 12,170 9,847 -19.1%July 11,926 9,811 -17.7%August 11,288 9,448 -16.3%September 10,583 8,898 -15.9%October 10,102 8,311 -17.7%November 9,439 7,764 -17.7%December 8,325 6,644 -20.2%January 8,324 6,408 -23.0%February 8,500 6,453 -24.1%March 8,982 6,653 -25.9%April 9,313 6,815 -26.8%May 9,546 6,837 -28.4%12-Month Avg 9,875 7,824 -21.1%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 | 1112,0899,5466,8372011 2012 2013May5,0006,0007,0008,0009,00010,00011,00012,00013,00014,00015,0001-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Inventory of Homes for Sale-28.4%+2.7%
    • 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.MonthPriorYearCurrentYear+ / –June 7.3 4.9 -33.0%July 7.0 4.8 -31.2%August 6.5 4.5 -30.2%September 6.0 4.2 -29.7%October 5.7 3.9 -31.6%November 5.3 3.6 -32.0%December 4.6 3.0 -34.6%January 4.6 2.9 -37.3%February 4.6 2.8 -37.8%March 4.7 2.9 -39.2%April 4.8 2.9 -39.9%May 4.8 2.8 -41.3%12-Month Avg 5.5 3.6 -34.3%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 | 127.44.82.82011 2012 2013May234567891-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013Historical Months Supply of Inventory-41.3%-35.2%