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

1. A RESEARCH TOOL PROVIDED BY THE AUSTIN BOARD OF REALTORS®
May 2013 Quick Facts
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
Residential Sales Report
Data 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 in
Median Sales Price
Click on desired metric to jump to that page.
We're halfway through the year and it seems our collective attention has shifted
from monitoring price and sales gains to eagerly anticipating more new listing
activity on the part of sellers. This shift is the result of an imbalance between
strong demand for homes and constrained supply. In some markets, purchase
agreements are being written up directly after a showing. Your experience and
local market conditions may differ, but the market as a whole has summertime
heat.
New Listings in the Austin region increased 9.5 percent to 4,194. Pending Sales
were up 24.0 percent to 3,395. Inventory levels shrank 28.4 percent to 6,837
units.
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 rates
improved 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 Bernanke's latest
testimony on Capitol Hill. The Federal Reserve Bank is considering decreasing
its $85 billion a month bond asset purchases, which have been holding interest
rates at or near historic lows. This is mostly the result of an improving jobs
market, which is a good thing for real estate.
- 28.4%
Change in
Inventory
+ 18.6%
Change in
Closed Sales
Percent of List Price Received

2. Market Overview
Key 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%
172
9,546
61 36
169 - 5.7%
--
$255,679 $282,452 + 10.5%
$208,000 $227,900
$296,456 + 10.5%
95.9% 98.7%
Housing Affordability Index
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of Original
List Price Received
$268,216
2,641 3,132 + 18.6% 9,521
New Listings
Pending Sales
Closed 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 | 2
4.8
162 - 6.0%
- 28.4%
- 41.3%
6,837
2.8
179
--
-- --
--
--
Months Supply
of Homes for Sale
Inventory of Homes for Sale
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013
5-2010 5-2011 5-2012 5-2013

3. New Listings
A count of the properties that have been newly listed on the market in a given month.
Month
Prior
Year
Current
Year
+ / –
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 | 3
3,544
3,830
4,194
2011 2012 2013
May
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 1-2013
Historical New Listing Activity
16,725 16,751
17,543
2011 2012 2013
Year To Date
+4.7%+8.1% +9.5% +0.2%

4. Pending Sales
A count of the properties on which contracts have been accepted in a given month.
Month
Prior
Year
Current
Year
+ / –
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 | 4
2,253
2,738
3,395
2011 2012 2013
May
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 1-2013
Historical Pending Sales Activity
9,421
11,585
14,227
2011 2012 2013
Year To Date
+22.8%+21.5% +24.0% +23.0%

5. Closed Sales
A count of the actual sales that have closed in a given month.
Month
Prior
Year
Current
Year
+ / –
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 | 5
2,081
2,641
3,132
2011 2012 2013
May
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 1-2013
Historical Closed Sales Activity
8,007
9,521
11,616
2011 2012 2013
Year To Date
+22.0%+26.9% +18.6% +18.9%

6. Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.
Month
Prior
Year
Current
Year
+ / –
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 | 6
76
61
36
2011 2012 2013
May
30
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 1-2013
Historical Days on Market Until Sale
85
72
52
2011 2012 2013
Year To Date
-27.9%-19.8% -40.5% -15.4%

7. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
Month
Prior
Year
Current
Year
+ / –
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
$227,900
2011 2012 2013
May
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Historical Median Sales Price
$187,000
$198,000
$216,300
2011 2012 2013
Year To Date
+9.2%+8.3% +9.6% +5.9%

8. Average Sales Price
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Month
Prior
Year
Current
Year
+ / –
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
$296,456
2011 2012 2013
May
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000
$320,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Historical Average Sales Price
$250,106 $255,679
$282,452
2011 2012 2013
Year To Date
+ 10.5%+ 3.2% + 10.5% + 2.2%

9. Percent of Original List Price Received
Month
Prior
Year
Current
Year
+ / –
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 | 9
Percentage 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 2013
May
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 1-2013
Historical Percent of Original List Price Received
93.0% 94.9% 97.2%
2011 2012 2013
Year To Date
+2.4%+2.5% +2.9% +2.0%

10. Housing Affordability Index
Month
Prior
Year
Current
Year
+ / –
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 necessary
to 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 | 10
168 172
162
2011 2012 2013
May
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 1-2013
Historical Housing Affordability Index
171
179
169
2011 2012 2013
Year To Date
-5.7%+2.7% -6.0% +4.7%

11. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
Month
Prior
Year
Current
Year
+ / –
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 | 11
12,089
9,546
6,837
2011 2012 2013
May
5,000
6,000
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 1-2013
Historical Inventory of Homes for Sale
-28.4%+2.7%

12. Months Supply of Inventory
The 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
+ / –
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 | 12
7.4
4.8
2.8
2011 2012 2013
May
2
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 1-2013
Historical Months Supply of Inventory
-41.3%-35.2%