Housing Supply Overview
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- Rebecca Erica Hubbard
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1 Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS July 2017 Local news outlets across the nation have been delving into the cause for lower sales totals in their markets during a period of economic growth, and it generally boils down to a lack of housing supply, especially in certain price ranges, to meet buyer demand. For the 12-month period spanning August 2016 through July 2017, Closed Sales in the Greenwood region were up 3.0 percent overall. The price range with the largest gain in sales was the range, where they increased 9.7 percent. The overall Median Sales Price was down 0.2 percent to $125,000. The property type with the largest price gain was the segment, where prices increased 5.1 percent to $82,000. The price range that tended to sell the quickest was the range at 124 days; the price range that tended to sell the slowest was the range at 159 days. Market-wide, inventory levels were down 23.3 percent. The property type that lost the least inventory was the segment, where it decreased 18.2 percent. That amounts to 5.3 months supply for Single-Family homes and 3.3 months supply for. Quick Facts + 9.7% + 5.6% % Price Range With the Strongest Sales: Bedroom Count With Strongest Sales: 4 Bedrooms or Closed Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory Property Type With Strongest Sales: Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 1
2 Closed Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total % 0.0% + 1.4% + 9.7% + 4.7% -3.3% + 4.3% + 5.6% + 2.2% % Change Change Change % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % 3 Bedrooms % % % 4 Bedrooms or % % All Bedroom Counts % % % Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 2
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 % % % - 6.0% % % % -8.2% % % Change Change Change % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % 3 Bedrooms % % % 4 Bedrooms or % % All Bedroom Counts % % % Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 3
4 Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median. $221,500 $207,000 $125,250 $129,900 $125,000 $128,000 $123,750 $126,000 $78,000 $82,000 $70,500 $71, % + 1.8% -6.5% -0.2% -1.5% + 5.1% Change Change Change $70,500 $71, % $71,000 $71, % $70,500 $71, % 3 Bedrooms $123,750 $126, % $122,900 $125, % $143,500 $145, % 4 Bedrooms or $221,500 $207, % $220,750 $210, % $273,200 $130, % All Bedroom Counts $125,250 $125, % $129,900 $128, % $78,000 $82, % Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 4
5 Percent of List Price Received Percentage found when dividing a property's sales price by its last list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average. 92.5% 93.2% 96.3% 96.6% 96.6% 95.8% 95.0% 95.7% 94.5% 95.9% 91.9% 93.7% 95.3% 95.3% 94.5% 95.8% 94.3% 95.0% 95.9% 99.1% + 0.8% + 0.3% + 0.8% + 0.7% + 1.5% + 2.0% 0.0% + 1.4% + 0.7% + 3.3% Change Change Change 92.5% 93.2% + 0.8% 92.0% 92.9% + 1.0% 97.8% 100.0% + 2.2% 96.3% 96.6% + 0.3% 96.3% 96.7% + 0.4% 91.9% 100.0% + 8.8% 95.8% 96.6% + 0.8% 95.9% 96.6% + 0.7% 0.0% 100.0% % 95.7% + 0.7% 95.1% 95.7% + 0.6% 0.0% 96.3% % 95.9% + 1.5% 94.5% 95.9% + 1.5% 0.0% 0.0% -- All Price Ranges 94.4% 95.1% + 0.7% 94.3% 95.0% + 0.7% 95.9% 99.1% + 3.3% Change Change Change 91.9% 93.7% + 2.0% 91.0% 93.0% + 2.2% 97.8% 100.0% + 2.2% 3 Bedrooms 95.3% 95.3% 0.0% 95.3% 95.3% 0.0% 91.9% 98.8% + 7.5% 4 Bedrooms or 94.5% 95.8% + 1.4% 94.5% 95.8% + 1.4% 0.0% 0.0% -- All Bedroom Counts 94.4% 95.1% + 0.7% 94.3% 95.0% + 0.7% 95.9% 99.1% + 3.3% Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 5
6 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 % % % % - 8.9% % % % % % Change Change Change % % % % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % 3 Bedrooms % % % 4 Bedrooms or % % % All Bedroom Counts % % % Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 6
7 Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, divided by the average monthly pending sales from the last 12 months. Based on one month of activity % - 4.4% % % % % % % % % Change Change Change % % % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % 3 Bedrooms % % % 4 Bedrooms or % % % All Bedroom Counts % % % Current as of August 10, 2017 All data from the Greenwood Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. 7
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ly Indicators A RESEARCH TOOL PROVIDED BY THE SANTA FE ASSOCIATION OF REALTORS INCLUDES ALL SINGLE FAMILY, CONDO AND TOWNHOME LISTINGS IN THE MLS Q2 2018 Housing markets across the nation are most assuredly
More informationMonthly Indicators. Quick Facts - 6.6% + 8.3% - 0.6%
Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. 2018 New residential real estate activity has been relatively slow in the first quarter of 2018, yet housing
More informationMonthly Indicators % + 2.1% %
Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. 2019 Despite a strong U.S. economy, historically low unemployment and steady wage growth, home sales began
More informationMonthly Indicators + 5.9% - 6.6% + 8.1%
ly Indicators A RESEARCH TOOL PROVIDED BY METRO MLS FOR ACTIVITY IN THE 4-COUNTY MILWAUKEE METROPOLITAN AREA 2019 Quick Facts Despite a strong U.S. economy, historically low unemployment and steady wage
More informationMonthly Indicators - 8.0% + 4.2% - 3.4% Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the
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Market Area (City, State):Albany, NY MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q :2011 Provided by (Company / Companies):Coldwell Banker Prime Properties What are the most significant trends in your current
More informationMonthly Indicators % % - 5.3% Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher
More informationMonthly Indicators. Quick Facts. June % + 8.5% + 6.4%
Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. 2017 There has been a general slowdown in sales across the country, and this cannot be blamed on negative
More informationQuarterly Indicators Gallatin County, Montana
Quarterly Indicators Gallatin County, Montana Quick Facts - 7.7% + 14.5% Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years. High demand for few
More informationMonthly Indicators + 0.5% + 9.2% + 5.2%
Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. 2017 How long can the residential real estate market go on like this? We are about two years into a national
More informationMonthly Indicators - 6.1% + 6.6% + 4.3% Activity Overview New Listings. Closed Sales Median Sales Price
Monthly Indicators 2017 The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons in a majority of the country for the entirety of 2017, as was housing
More informationMonthly Indicators % % % Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 Residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have
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