Residential Sales Report - December 2011

A RESEARCH TOOL PROVIDED BY THE AUSTIN BOARD OF REALTORS®

December 2011 Quick Facts

Residential Sales Report

- 1.3%

Change inMedian Sales Price

There's no way to be certain what 2012 will bring. However, a few things do seem clear enough to make some assessments. First, 2011 was not the recovery year it was expected to be. It was yet another “transition year” for most. Second, multi-decade low mortgage rates and suppressed home prices coalesced to form an attractive purchase environment. And buyers did just what their name implies. This has driven down inventory levels in many locales, which—thirdly—nudged the market balance toward equilibrium. Here's how the

- 22.5%

Change inInventory

+ 2.6%

Change inClosed Sales

Market Overview 2New Listings 3Pending Sales 4Closed Sales 5Days On Market Until Sale 6Median Sales Price 7Average Sales Price 8

9Housing Affordability Index 10Inventory of Homes for Sale 11Months 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 January 10, 2012. All data from ABOR Multiple Listing Service. Powered by 10K Research and Marketing.

Click on desired metric to jump to that page.

y g qfinal month of 2011 concluded the year.

New Listings in the Austin region decreased 11.9 percent to 1,582. Pending Sales were up 21.4 percent to 1,413. Inventory levels shrank 22.5 percent to 7,758 units, extending the signature trend of 2011.

Prices were fairly stable. The Median Sales Price decreased 1.3 percent to $186,450. Days on Market decreased 8.7 percent to 84 days. Absorption rates improved as Months Supply of Inventory was down 28.8 percent to 4.2 months.

Ultimately, the upcoming spring market should be a major tell about the future direction of housing. Sellers are seeing multiple-offer situations; buyers are seeing sub-4.0 percent loans; supply-demand trends are more balanced. When it gets down to it, that's a stable foundation and a far cry from 2009. While the fundamentals are better, the foreclosure situation and political unknowns remain wildcards. For now, enjoy the fresh canvas.

Percent of List Price Received

Team Price Real Estate http://www.teamprice.com 512-524-6608

7320 N Mo-Pac Ste 305 Austin TX 78731

Market OverviewKey market metrics for the current month and year-to-date.

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

6.0

180 + 12.3%

- 22.5%

- 28.8%

7,758

4.2

161

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

- 1.3% $188,000 $189,000

- 0.2%

- 8.7% 74 80 + 9.0%

+ 0.5%

+ 1.2% 93.2% 93.0%

- 12.0%

1,164 1,413 + 21.4% 20,121 21,916 + 8.9%

34,7421,795 1,582 - 11.9% 39,466

1,573 1,614 + 2.6% 20,062

New Listings

Pending Sales

Closed Sales

91.5% 92.5%

Housing Affordability Index

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of OriginalList Price Received

$245,024

21,261 + 6.0%

160

10,005

92 84

178 + 10.6%

--

$245,565 $250,518 + 2.0%

$189,000 $186,450

$243,232 - 0.7%

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011

12-2008 12-2009 12-2010 12-2011



New Listings A count of the properties that have been newly listed on the market in a given month.

MonthPrior Year

Current Year

+ / –

January 3,318 2,785 -16.1%

February 3,493 2,669 -23.6%

March 4,679 3,971 -15.1%

April 4,960 3,755 -24.3%

May 3,464 3,545 +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 2,482 -2.4%

November 2,083 2,052 -1.5%

December 1,795 1,582 -11.9%

12-Month Avg 3,289 2,895 -12.0%


1,969 1,795

1,582

2009 2010 2011

December

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

Historical New Listing Activity

38,067 39,466

34,742

2009 2010 2011

Year To Date

-12.0% -8.8% -11.9% +3.7%



Pending Sales A count of the properties on which contracts have been accepted in a given month.

MonthPrior Year

Current Year

+ / –

January 1,479 1,451 -1.9%

February 1,795 1,570 -12.5%

March 2,429 2,043 -15.9%

April 2,872 2,107 -26.6%

May 1,443 2,257 +56.4%

June 1,659 2,191 +32.1%

July 1,640 2,107 +28.5%

August 1,527 1,872 +22.6%

September 1,397 1,706 +22.1%

October 1,423 1,663 +16.9%

November 1,293 1,536 +18.8%

December 1,164 1,413 +21.4%

12-Month Avg 1,677 1,826 +8.9%


1,108 1,164

1,413

2009 2010 2011

December

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

Historical Pending Sales Activity

21,129 20,121

21,916

2009 2010 2011

Year To Date

+8.9% +5.1% +21.4% -4.8%



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

MonthPrior Year

Current Year

+ / –

January 993 1,059 +6.6%

February 1,264 1,225 -3.1%

March 2,011 1,781 -11.4%

April 2,252 1,859 -17.5%

May 2,307 2,081 -9.8%

June 2,211 2,356 +6.6%

July 1,654 2,182 +31.9%

August 1,686 2,224 +31.9%

September 1,425 1,819 +27.6%

October 1,346 1,592 +18.3%

November 1,340 1,469 +9.6%

December 1,573 1,614 +2.6%

12-Month Avg 1,672 1,772 +7.8%


1,519 1,573 1,614

2009 2010 2011

December

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

Historical Closed Sales Activity

20,911 20,062 21,261

2009 2010 2011

Year To Date

+6.0% +3.6% +2.6% -4.1%



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.

MonthPrior Year

Current Year

+ / –

January 79 88 +11.9%

February 72 93 +28.6%

March 69 92 +32.9%

April 66 81 +22.3%

May 62 76 +22.2%

June 67 72 +8.3%

July 70 74 +5.8%

August 72 77 +7.1%

September 77 78 +0.6%

October 88 80 -9.1%

November 86 79 -8.3%

December 92 84 -8.7%

12-Month Avg 74 80 +9.0%


79

92 84

2009 2010 2011

December

40

50

60

70

80

90

100

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Days on Market Until Sale

76 74 80

2009 2010 2011

Year To Date

+9.0% +15.6% -8.7% -2.7%



Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+ / –

January $175,000 $184,500 +5.4%

February $180,745 $185,000 +2.4%

March $178,000 $182,000 +2.2%

April $185,000 $189,900 +2.6%

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 $188,000 -1.1%

November $179,500 $184,000 +2.5%

December $189,000 $186,450 -1.3%

12-Mo. Median $188,000 $189,000 +0.5%


$186,000 $189,000 $186,450

2009 2010 2011

December

$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

Historical Median Sales Price

$185,000 $188,000 $189,000

2009 2010 2011

Year To Date

+0.5% +1.6% -1.3% +1.6%



Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+ / –

January $233,052 $241,053 +3.4%

February $233,103 $237,568 +1.9%

March $230,812 $241,053 +4.4%

April $228,668 $261,609 +14.4%

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

June $265,235 $262,654 -1.0%

July $275,446 $255,611 -7.2%

August $257,321 $250,399 -2.7%

September $241,609 $244,758 +1.3%

October $255,409 $247,876 -2.9%

November $243,559 $243,327 -0.1%

December $245,024 $243,232 -0.7%

12-Month Avg $245,565 $250,518 +2.0%


$248,772 $245,024 $243,232

2009 2010 2011

December

$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

Historical Average Sales Price

$236,398 $245,565 $250,518

2009 2010 2011

Year To Date

+ 2.0% - 1.5% - 0.7% + 3.9%



Percent of Original List Price Received

MonthPrior Year

Current Year

+ / –

January 93.1% 91.6% -1.7%

February 93.5% 92.3% -1.3%

March 94.4% 92.6% -1.9%

April 94.8% 93.4% -1.4%

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% 92.5% +1.2%

12-Month Avg 93.2% 93.0% -0.2%


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.

93.1% 91.5% 92.5%

2009 2010 2011

December

91.0%

92.0%

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Percent of Original List Price Received

93.4% 93.2% 93.0%

2009 2010 2011

Year To Date

-0.2% -1.8% +1.2% -0.1%



Housing Affordability Index

MonthPrior Year

Current Year

+ / –

January 162 168 +4.1%

February 157 167 +6.3%

March 160 171 +7.1%

April 154 166 +7.7%

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 +10.2%

November 170 182 +7.0%

December 160 180 +12.3%

12-Month Avg 157 172 +9.6%

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.


151 160

180

2009 2010 2011

December

120

130

140

150

160

170

180

190

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Housing Affordability Index

152 161

178

2009 2010 2011

Year To Date

+10.6% +6.2% +12.3% +6.2%



Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.

MonthPrior Year

Current Year

+ / –

January 10,509 10,088 -4.0%

February 11,170 10,274 -8.0%

March 12,198 11,169 -8.4%

April 13,096 11,844 -9.6%

May 13,776 12,058 -12.5%

June 14,341 12,134 -15.4%

July 14,638 11,876 -18.9%

August 13,959 11,217 -19.6%

September 13,240 10,487 -20.8%

October 12,407 9,953 -19.8%

November 11,338 9,144 -19.4%

December 10,005 7,758 -22.5%

12-Month Avg 12,556 10,667 -14.9%


9,870 10,005

7,758

2009 2010 2011

December

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

Historical Inventory of Homes for Sale

-22.5% +6.2%



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.

MonthPrior Year

Current Year

+ / –

January 5.9 6.0 +1.6%

February 6.2 6.2 +0.3%

March 6.6 6.9 +4.5%

April 6.8 7.6 +11.9%

May 7.4 7.4 +0.5%

June 7.8 7.3 -7.5%

July 8.2 6.9 -15.1%

August 8.0 6.4 -19.3%

September 7.8 5.9 -23.6%

October 7.4 5.6 -25.0%

November 6.8 5.1 -25.3%

December 6.0 4.2 -28.8%

12-Month Avg 7.1 6.3 -10.9%


5.6 6.0

4.2

2009 2010 2011

December

3

4

5

6

7

8

9

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Months Supply of Inventory

-22.5% +6.2%



A RESEARCH TOOL PROVIDED BY THE AUSTIN BOARD OF REALTORS®

December 2011 Quick Facts

$125,000 and Below 1,501 to 2,000 sq. ft.

Pending Sales 2Days on Market Until Sale 3Median Sales Price 4

5Inventory of Homes for Sale 6Months Supply of Inventory 7

Current as of January 10, 2012. All data from ABOR Multiple Listing Service. Powered by 10K Research and Marketing.

Housing Supply Overview

+ 21.3% + 9.3%+ 11.3%

Click on desired metric to jump to that page.

Price Range With Strongest Sales:

Home Size With Strongest Sales:

Property Type With Strongest Sales:

Single-Family




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

By Price Range 12-2010 12-2011 Change 12-2010 12-2011 Change 12-2010 12-2011 Change

$125,000 and Below 3,632 4,404 + 21.3% 3,021 3,838 + 27.0% 607 560 - 7.7%

$125,001 to $175,000 5,042 5,141 + 2.0% 4,536 4,640 + 2.3% 504 497 - 1.4%

$175,001 to $250,000 4,661 4,924 + 5.6% 4,260 4,482 + 5.2% 398 441 + 10.8%

$250,001 to $400,000 4,205 4,547 + 8.1% 3,899 4,150 + 6.4% 303 395 + 30.4%

$400,001 to $750,000 2,009 2,241 + 11.5% 1,889 2,105 + 11.4% 119 135 + 13.4%

$750,001 and Above 572 659 + 15.2% 552 631 + 14.3% 20 27 + 35.0%

All Price Ranges 20,121 21,916 + 8.9% 18,157 19,846 + 9.3% 1,951 2,055 + 5.3%

By Square Feet 12-2010 12-2011 Change 12-2010 12-2011 Change 12-2010 12-2011 Change

1,500 sq. ft. and Below 5,599 5,939 + 6.1% 4,157 4,464 + 7.4% 1,433 1,470 + 2.6%

1,501 to 2,000 sq. ft. 5,240 5,831 + 11.3% 4,884 5,437 + 11.3% 356 391 + 9.8%

2,001 to 3,000 sq. ft. 6,119 6,638 + 8.5% 5,971 6,455 + 8.1% 146 177 + 21.2%

3,001 sq. ft. and Above 3,163 3,508 + 10.9% 3,145 3,490 + 11.0% 16 17 + 6.3%

All Square Footage 20,121 21,916 + 8.9% 18,157 19,846 + 9.3% 1,951 2,055 + 5.3%


All Properties Single-Family Homes Condos

3,632

5,042 4,661

4,205

2,009

572

4,404

5,141 4,924

4,547

2,241

659

$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 12-2010 12-2011

5,599 5,240

6,119

3,163

5,939 5,831

6,638

3,508

1,500 sq. ft. and Below

1,501 to 2,000 sq. ft.

2,001 to 3,000 sq. ft.

3,001 sq. ft. and Above

By Square Feet 12-2010 12-2011

+ 21.3% + 2.0% + 5.6% + 11.5% + 15.2% + 6.1% + 8.5% + 10.9% + 8.1% + 11.3%



Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.


$125,000 and Below 64 74 + 16.3% 64 73 + 13.7% 62 82 + 32.3%

$125,001 to $175,000 65 78 + 19.4% 65 78 + 20.0% 71 81 + 14.0%

$175,001 to $250,000 73 80 + 9.4% 72 79 + 10.7% 89 87 - 1.8%

$250,001 to $400,000 80 81 + 0.9% 78 79 + 1.8% 108 97 - 9.8%

$400,001 to $750,000 86 84 - 1.5% 84 83 - 1.4% 105 98 - 7.1%

$750,001 and Above 124 119 - 4.2% 125 119 - 4.5% 99 107 + 8.3%

All Price Ranges 74 80 + 9.0% 73 79 + 9.0% 80 87 + 9.3%


1,500 sq. ft. and Below 64 74 + 16.4% 61 71 + 16.8% 71 82 + 15.6%

1,501 to 2,000 sq. ft. 69 78 + 13.4% 66 77 + 15.9% 106 97 - 8.4%

2,001 to 3,000 sq. ft. 77 80 + 4.5% 76 79 + 4.4% 105 106 + 0.6%

3,001 sq. ft. and Above 93 94 + 1.0% 93 94 + 0.7% 85 154 + 81.6%

All Square Footage 74 80 + 9.0% 73 79 + 9.0% 80 87 + 9.3%



64 65 73

80 86

124

74 78 80 81 84

119



64 69

77

93

74 78 80

94


1,501 to 2,000 sq. ft.

2,001 to 3,000 sq. ft.



+ 16.3% + 19.4% + 9.4% - 1.5% - 4.2% + 16.4% + 4.5% + 1.0% + 0.9% + 13.4%



Median Sales Price


1,500 sq. ft. and Below $130,000 $128,000 - 1.5% $129,500 $124,500 - 3.9% $137,050 $146,000 + 6.5%

1,501 to 2,000 sq. ft. $163,000 $160,000 - 1.8% $160,000 $157,500 - 1.6% $226,000 $226,000 0.0%

2,001 to 3,000 sq. ft. $231,000 $228,500 - 1.1% $230,000 $226,500 - 1.5% $335,000 $305,900 - 8.7%

3,001 sq. ft. and Above $400,000 $400,000 0.0% $400,000 $400,000 0.0% $816,740 $572,500 - 29.9%

All Square Footage $188,000 $189,000 + 0.5% $191,810 $191,500 - 0.2% $159,000 $166,222 + 4.5%


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


$130,000 $163,000

$231,000

$400,000

$128,000 $160,000

$228,500

$400,000

1,500 sq. ft. and Below 1,501 to 2,000 sq. ft. 2,001 to 3,000 sq. ft. 3,001 sq. ft. and Above


$188,000 $191,810

$159,000

$189,000 $191,500

$166,222


By Property Type 12-2010 12-2011

- 0.2% + 4.5% - 1.5% - 1.8% + 0.5% - 1.1% 0.0%





$125,000 and Below 91.3% 90.4% - 1.0% 90.8% 90.1% - 0.8% 93.9% 92.5% - 1.5%

$125,001 to $175,000 94.5% 94.0% - 0.5% 94.6% 94.0% - 0.6% 94.5% 94.5% + 0.0%

$175,001 to $250,000 94.0% 93.8% - 0.2% 94.1% 93.8% - 0.3% 93.2% 93.6% + 0.4%

$250,001 to $400,000 93.4% 93.9% + 0.5% 93.4% 93.9% + 0.5% 93.0% 93.9% + 0.9%

$400,001 to $750,000 92.5% 93.2% + 0.8% 92.4% 93.1% + 0.8% 94.4% 94.3% - 0.1%

$750,001 and Above 88.8% 89.9% + 1.2% 88.7% 89.8% + 1.2% 92.6% 92.7% + 0.1%

All Price Ranges 93.2% 93.0% - 0.2% 93.2% 93.0% - 0.2% 93.8% 93.6% - 0.2%


1,500 sq. ft. and Below 93.2% 92.5% - 0.8% 92.9% 92.1% - 0.9% 94.0% 93.7% - 0.3%

1,501 to 2,000 sq. ft. 93.7% 93.3% - 0.5% 93.8% 93.3% - 0.6% 92.7% 93.5% + 0.9%

2,001 to 3,000 sq. ft. 93.5% 93.5% + 0.0% 93.5% 93.5% + 0.1% 94.1% 92.7% - 1.5%

3,001 sq. ft. and Above 91.9% 92.6% + 0.7% 91.9% 92.6% + 0.7% 91.7% 93.1% + 1.5%

All Square Footage 93.2% 93.0% - 0.2% 93.2% 93.0% - 0.2% 93.8% 93.6% - 0.2%

Percentage 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.



91.3%

94.5% 94.0%

93.4%

92.5%

88.8%

90.4%

94.0% 93.8% 93.9% 93.2%

89.9%



93.2%

93.7% 93.5%

91.9%

92.5%

93.3% 93.5%

92.6%


1,501 to 2,000 sq. ft.

2,001 to 3,000 sq. ft.



- 1.0% - 0.5% - 0.2% + 0.8% + 1.2% - 0.8% + 0.0% + 0.7% + 0.5% - 0.5%



Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.


$125,000 and Below 1,948 1,368 - 29.8% 1,622 1,115 - 31.3% 320 245 - 23.4%

$125,001 to $175,000 2,216 1,524 - 31.2% 1,981 1,349 - 31.9% 230 174 - 24.3%

$175,001 to $250,000 2,087 1,585 - 24.1% 1,832 1,417 - 22.7% 249 160 - 35.7%

$250,001 to $400,000 1,937 1,615 - 16.6% 1,690 1,435 - 15.1% 243 175 - 28.0%

$400,001 to $750,000 1,107 1,071 - 3.3% 999 995 - 0.4% 102 74 - 27.5%

$750,001 and Above 710 595 - 16.2% 675 559 - 17.2% 33 33 0.0%

All Price Ranges 10,005 7,758 - 22.5% 8,799 6,870 - 21.9% 1,177 861 - 26.8%


1,500 sq. ft. and Below 2,713 1,929 - 28.9% 1,928 1,363 - 29.3% 775 554 - 28.5%

1,501 to 2,000 sq. ft. 2,442 1,749 - 28.4% 2,178 1,556 - 28.6% 261 187 - 28.4%

2,001 to 3,000 sq. ft. 2,847 2,358 - 17.2% 2,720 2,255 - 17.1% 115 99 - 13.9%

3,001 sq. ft. and Above 2,003 1,721 - 14.1% 1,973 1,696 - 14.0% 26 20 - 23.1%

All Square Footage 10,005 7,758 - 22.5% 8,799 6,870 - 21.9% 1,177 861 - 26.8%



1,948

2,216 2,087

1,937

1,107

710

1,368 1,524 1,585 1,615

1,071

595



2,713

2,442

2,847

2,003 1,929 1,749

2,358

1,721


1,501 to 2,000 sq. ft.

2,001 to 3,000 sq. ft.



- 29.8% - 31.2% - 24.1% - 3.3% - 16.2% - 28.9% - 17.2% - 14.1% - 16.6% - 28.4%



Months Supply of Inventory


$125,000 and Below 6.4 3.7 - 42.1% 6.4 3.5 - 45.9% 6.3 5.3 - 17.0%

$125,001 to $175,000 5.3 3.6 - 32.6% 5.2 3.5 - 33.4% 5.5 4.2 - 23.3%

$175,001 to $250,000 5.4 3.9 - 28.1% 5.2 3.8 - 26.5% 7.5 4.4 - 42.0%

$250,001 to $400,000 5.5 4.3 - 22.9% 5.2 4.1 - 20.2% 9.6 5.3 - 44.8%

$400,001 to $750,000 6.6 5.7 - 13.3% 6.3 5.7 - 10.6% 10.3 6.6 - 36.0%

$750,001 and Above 14.9 10.8 - 27.3% 14.7 10.6 - 27.6% 14.9 12.2 - 17.7%

All Price Ranges 6.0 4.2 - 28.8% 5.8 4.2 - 28.6% 7.2 5.0 - 30.6%


1,500 sq. ft. and Below 5.8 3.9 - 33.0% 5.6 3.7 - 34.2% 6.5 4.5 - 30.3%

1,501 to 2,000 sq. ft. 5.6 3.6 - 35.6% 5.4 3.4 - 35.8% 8.8 5.7 - 34.8%

2,001 to 3,000 sq. ft. 5.6 4.3 - 23.7% 5.5 4.2 - 23.3% 9.5 6.7 - 29.0%

3,001 sq. ft. and Above 7.6 5.9 - 22.5% 7.5 5.8 - 22.5% 13.0 10.6 - 18.6%

All Square Footage 6.0 4.2 - 28.8% 5.8 4.2 - 28.6% 7.2 5.0 - 30.6%

The 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.



6.4 5.3 5.4 5.5

6.6

14.9

3.7 3.6 3.9 4.3

5.7

10.8



5.8 5.6 5.6

7.6

3.9 3.6

4.3

5.9


1,501 to 2,000 sq. ft.

2,001 to 3,000 sq. ft.



- 42.1% - 32.6% - 28.1% - 13.3% - 27.3% - 33.0% - 23.7% - 22.5% - 22.9% - 35.6%



Residential Sales Report - December 2011

Real Estate

Transcript of Residential Sales Report - December 2011