Monthly Indicators % + 9.9% %

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1 ly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC Quick Facts It's been a giant year for the housing market and for sports teams named Giants. As we round out the remaining two months of the year, let's recap. Most markets shed listings, resulting from strong sales and sluggish seller activity. There has been a general easing of foreclosures and short sales, meaning distressed listings are dragging prices down less than in recent years. So it's both about market fundamentals and market composition % Change in Closed Sales + 9.9% Change in Median Sales Price % Change in Inventory New Listings in the North Texas region increased 3.7 percent to 9,040. Pending Sales were up 11.2 percent to 5,997. Inventory levels shrank 23.7 percent to 29,855 units. Prices moved higher. The Median Sales Price increased 9.9 percent to $155,000. Days on Market was down 23.4 percent to 82 days. Absorption rates improved as s Supply of Inventory was down 33.6 percent to 4.5 months. The economy is growing but at a glacial pace, and economic growth in 2013 is expected to outpace Mortgage rates are expected to remain near historic lows through 2015, rents are expected to rise due to low vacancy, and financial situations in Europe, China and elsewhere, believe it or not, have an effect on your local housing market. Market Overview 2 New Listings 3 Pending Sales 4 Closed Sales 5 Days On Market Until Sale 6 Median Sales Price 7 Percent of Original List Price Received 8 Housing Affordability Index 9 Inventory of Homes for Sale 10 s Supply of Inventory 11 Click on desired metric to jump to that page. Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. as of November 8, All data from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Market

2 Market Overview Key market metrics for the current month and year-to-date. Key Metrics Historical Sparklines /- YTD 2011 YTD /- New Listings 8,717 9, % 107, , % Pending Sales 5,393 5, % 61,254 71, % Closed Sales 5,384 6, % 58,981 67, % Days on Market Until Sale % % Median Sales Price $141,000 $155, % $145,500 $157, % Percent of Original List Price Received 91.5% 94.0% + 2.7% 91.9% 94.0% + 2.3% Housing Affordability Index % % Inventory of Homes for Sale 39,115 29, % s Supply of Homes for Sale % All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 2

3 New Listings A count of the properties that have been newly listed on the market in a given month. 123,768 9,598 8,717 9, , , % +3.7% -13.2% -0.4% November 8,406 7, % December 7,737 5, % January 10,627 9, % February 9,306 10, % March 13,395 12, % April 12,321 11, % May 11,444 12, % June 11,815 11, % July 10,689 11, % August 10,104 10, % September 9,008 8, % 8,717 9, % 12- Avg 10,297 10, % Historical New Listing Activity 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 3

4 Pending Sales A count of the properties on which offers have been accepted in a given month. 5,997 71,049 5,393 61,895 61,254 4, % +11.2% -1.0% +16.0% November 4,434 4, % December 4,085 4, % January 4,796 5, % February 4,910 6, % March 6,962 7, % April 6,776 7, % May 6,887 8, % June 6,938 7, % July 6,633 7, % August 6,443 7, % September 5,516 6, % 5,393 5, % 12- Avg 5,814 6, % Historical Pending Sales Activity 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 4

5 Closed Sales A count of the properties that have closed in a given month. 6,250 67,735 5,384 4,955 60,576 58, % +16.1% -2.6% +14.8% November 4,667 5, % December 5,197 5, % January 3,597 4, % February 3,981 5, % March 5,892 6, % April 6,220 6, % May 6,679 8, % June 7,469 8, % July 6,541 7, % August 7,239 8, % September 5,979 6, % 5,384 6, % 12- Avg 5,737 6, % Historical Closed Sales Activity 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 5

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 % -23.4% +9.5% -19.7% November % December % January % February % March % April % May % June % July % August % September % % 12- Avg % Historical Days on Market Until Sale All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 6

7 Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month. $145,000 $155,000 $157,000 $148,000 $141,000 $145, % +9.9% -1.7% +7.9% November $142,000 $141, % December $148,000 $148, % January $139,900 $139, % February $142,000 $144, % March $139,978 $154, % April $144,000 $154, % May $149,000 $161, % June $150,000 $165, % July $150,000 $164, % August $151,000 $160, % September $145,750 $160, % $141,000 $155, % 12- Med $145,100 $155, % Historical Median Sales Price $170,000 $165,000 $160,000 $155,000 $150,000 $145,000 $140,000 $135,000 $130,000 $125,000 All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 7

8 Percent of Original List Price Received 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. 91.2% 91.5% 94.0% 93.1% 91.9% 94.0% +0.3% +2.7% -1.3% +2.3% November 90.7% 91.9% +1.3% December 90.7% 91.7% +1.1% January 90.2% 92.0% +2.0% February 91.3% 92.3% +1.1% March 91.6% 93.3% +1.8% April 92.2% 94.2% +2.1% May 92.3% 94.6% +2.5% June 92.5% 94.8% +2.5% July 92.1% 94.6% +2.6% August 92.2% 94.3% +2.3% September 91.8% 94.3% +2.7% 91.5% 94.0% +2.7% 12- Avg 91.7% 93.7% +2.2% Historical Percent of Original List Price Received 97% 96% 95% 94% 93% 92% 91% 90% All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 8

9 Housing Affordability Index 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 % -0.9% +8.3% +0.6% November % December % January % February % March % April % May % June % July % August % September % % 12- Avg % Historical Housing Affordability Index All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 9

10 Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month. 48,452 39,115 29, % -23.7% November 46,440 37, % December 42,388 33, % January 42,884 33, % February 43,065 33, % March 44,720 34, % April 45,788 35, % May 45,783 35, % June 45,574 35, % July 44,607 34, % August 42,668 33, % September 40,765 31, % 39,115 29, % 12- Avg 43,650 33, % Historical Inventory of Homes for Sale 60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 10

11 s 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 % -33.6% November % December % January % February % March % April % May % June % July % August % September % % 12- Avg % Historical s Supply of Inventory All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. Click for Cover Page 11