Monthly Indicators % + 4.8% %

Transcription

1 ly Indicators A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR 2013 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 Charlotte region increased 12.9 percent to 5,111. Pending Sales were up 25.8 percent to 3,970. Inventory levels shrank 27.5 percent to 14,312 units. Prices turned higher. The Median Sales Price increased 4.8 percent to $173,000. List to Close was down 7.1 percent to 138 days. Absorption rates improved as s Supply of Inventory was down 46.5 percent to 5.0 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. Quick Facts % + 4.8% % -Over- Change in Closed Sales -Over- Change in Median Sales Price -Over- Change in Inventory Market Overview 2 New Listings 3 Pending Sales 4 Closed Sales 5 List to Close 6 Days on Market Until Sale 7 Cumulative Days on Market Until Sale 8 Average List Price 9 Average Sales Price 10 Median Sales Price 11 Percent of Original List Price Received 12 Housing Affordability Index 13 Inventory of Homes for Sale 14 s Supply of Inventory 15 Click on desired metric to jump to that page. All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing.

2 Market Overview Key market metrics for the current month and year-to-date. Key Metrics Historical Sparklines YTD 2012 YTD 2013 New Listings 4,529 5, % 21,834 23, % Pending Sales 3,155 3, % 11,883 16, % Closed Sales 2,605 3, % 10,026 13, % List to Close % % Average List Price $238,719 $272, % $251,058 $267, % Average Sales Price $217,442 $232, % $202,616 $212, % Median Sales Price $165,000 $173, % $155,000 $163, % Percent of Original List Price Received 92.2% 94.3% + 2.3% 91.4% 93.3% + 2.1% Housing Affordability Index % % Inventory of Homes for Sale 19,754 14, % s Supply of Homes for Sale % Note: CarolinaMLS did not include showable under contract listings in the Pending Sales stats before July Listing agents report listings as Under Contract-Show earlier in the transaction. As a result, the new Pending Sales stats trend higher s Supply of Inventory stats trend lower since July Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. 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. To Date 23,368 22,113 5,111 21,834 4,205 4, % +12.9% -1.3% +7.0% June 4,144 4, % July 3,681 4, % August 3,940 3, % September 3,409 3, % October 3,244 3, % November 2,880 3, % December 2,384 2, % January 3,889 3, % February 4,019 4, % March 4,816 4, % April 4,581 5, % 4,529 5, % 12- Avg 3,793 3, % Historical New Listing Activity 8,000 7,000 6,000 5,000 4,000 3,000 2,000 Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 3

4 Pending Sales A count of the properties on which contracts have been accepted in a given month. Pending contracts include Under Contract-Show and Under Contract-No Show statuses. To Date 3,970 16,603 3,155 11,883 2,169 9, % +25.8% +24.8% +39.7% June 2,304 3, % July 2,043 2, % August 2,211 2, % September 1,887 2, % October 1,760 2, % November 1,799 2, % December 1,609 1, % January 1,799 2, % February 2,019 2, % March 2,402 3, % April 2,508 3, % 3,155 3, % 12- Avg 2,125 2, % Historical Pending Sales Activity 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 Note: CarolinaMLS did not include showable under contract listings in the Pending Sales stats before July Listing agents report listings as Under Contract-Show earlier in the transaction. As a result, the new Pending Sales stats trend higher s Supply of Inventory stats trend lower since July Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 4

5 Closed Sales A count of the actual sales that have closed in a given month. To Date 13,140 3,402 10,026 2,605 8,709 2, % +30.6% +15.1% +31.1% June 2,330 2, % July 2,171 2, % August 2,285 2, % September 1,968 2, % October 1,882 2, % November 1,686 2, % December 1,896 2, % January 1,541 2, % February 1,614 2, % March 2,098 2, % April 2,168 2, % 2,605 3, % 12- Avg 2,020 2, % Historical Closed Sales Activity 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 5

6 List to Close List to Close provides the total number of days specific to the MLS number from Listing Date to Sold Date. To Date % -7.1% -6.0% -7.8% June % July % August % September % October % November % December % January % February % March % April % % 12- Avg % Historical List to Close Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 6

7 Days on Market Until Sale Days on Market ( DOM ) tracks the days on market for a property specific to the MLS number. DOM accrues for Active and Under Contract-Show statuses. DOM does not include any days that the listing is in Under Contract-No Show, Temporarily off Market, Closed/Sold, Expired and Withdrawn statuses. To Date % -10.6% -3.7% -10.3% +/ June % July % August % September % October % November % December % January % February % March % April % % 12- Avg % Historical Days on Market Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 7

8 Cumulative Days on Market Until Sale Cumulative Days on Market ( CDOM ) functions like DOM ; however, CDOM tracks the days on market for a property over multiple listings on the property. When a new listing is entered, the CDOM only resets to zero if the previous listing closed (as in sold), or if the previous listing has been off market (expired or withdrawn) for more than 90 days. To Date % -20.1% -9.9% -17.3% +/ June % July % August % September % October % November % December % January % February % March % April % % 12- Avg % Historical Cumulative Days on Market Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 8

9 Average List Price Average list price for all homes that have been newly listed on the market in a given month. To Date $267,227 $242,596 $251,058 $272,491 $247,525 $238, % +14.1% +3.5% +6.4% June $249,430 $238, % July $241,058 $231, % August $230,073 $236, % September $239,613 $242, % October $222,101 $231, % November $221,794 $218, % December $213,003 $220, % January $245,857 $248, % February $247,577 $263, % March $258,179 $273, % April $263,217 $273, % $238,719 $272, % 12- Avg $241,524 $249, % Historical Average List Price $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 $180,000 Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 9

10 Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month. To Date $232,564 $209,288 $217,442 $197,217 $202,616 $212, % + 7.0% + 2.7% + 5.0% June $216,389 $227, % July $213,205 $219, % August $205,711 $213, % September $196,649 $205, % October $194,739 $204, % November $192,414 $204, % December $190,565 $205, % January $187,803 $188, % February $184,766 $194, % March $196,214 $216, % April $214,739 $217, % $217,442 $232, % 12- Avg $202,427 $212, % Historical Average Sales Price $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 $170,000 Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 10

11 Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month. To Date $173,000 $165,000 $163,850 $155,000 $152,000 $149, % +4.8% +3.9% +5.7% June $156,775 $171, % July $163,500 $165, % August $158,000 $163, % September $149,900 $160, % October $151,942 $157, % November $151,470 $160, % December $155,000 $158, % January $146,200 $150, % February $145,450 $151, % March $153,807 $168, % April $159,990 $167, % $165,000 $173, % 12- Med $155,000 $163, % Historical Median Sales Price $190,000 $180,000 $170,000 $160,000 $150,000 $140,000 $130,000 Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 12

12 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. To Date 89.6% 92.2% 94.3% 88.6% 91.4% 93.3% +2.9% +2.3% +3.2% +2.1% June 89.7% 92.7% +3.4% July 89.7% 92.5% +3.1% August 89.7% 92.4% +3.0% September 89.4% 91.9% +2.9% October 90.0% 92.3% +2.6% November 90.7% 92.2% +1.7% December 90.0% 92.3% +2.5% January 90.2% 92.6% +2.6% February 90.7% 92.6% +2.1% March 91.3% 93.0% +1.8% April 91.9% 93.6% +1.8% 92.2% 94.3% +2.3% 12- Avg 90.5% 92.8% +2.5% Historical Percent of Original List Price Received 100% 98% 96% 94% 92% 90% 88% 86% Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 13

13 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. To Date % -3.6% +5.0% -4.2% June % July % August % September % October % November % December % January % February % March % April % % 12- Avg % Historical Housing Affordability Index Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 14

14 Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month. 24,071 19,754 14, % -27.5% June 23,667 18, % July 22,920 18, % August 22,122 17, % September 21,361 17, % October 20,584 16, % November 19,671 15, % December 18,601 14, % January 18,260 14, % February 18,683 14, % March 19,510 14, % April 20,130 14, % 19,754 14, % 12- Avg 20,439 15, % Historical Inventory of Homes for Sale 30,000 27,500 25,000 22,500 20,000 17,500 15,000 12,500 Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 15

15 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 % -46.5% June % July % August % September % October % November % December % January % February % March % April % % 12- Avg % Historical s Supply of Inventory Note: CarolinaMLS did not include showable under contract listings in the Pending Sales stats before July Listing agents report listings as Under Contract-Show earlier in the transaction. As a result, the new Pending Sales stats trend higher s Supply of Inventory stats trend lower since July Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of June 5, All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR Association. Powered by 10K Research and Marketing. Click for Cover Page 16