ly Market Detail - January 215 Summary Statistics January 215 January 214 Paid in Cash 345 368-6.3% 191 27-7.7% New Pending Sales 581 554 4.9% 945 889 6.3% $395, $351,5 12.4% Average Sale Price $84,15 $715,832 12.3% Median Days on Market 42 44-4.5% Average Percent of Original List Price Received 95.4% 94.1% 1.4% Pending Inventory Inventory (Active Listings) 835 2,847 93-7.5% 2,842.2% s Supply of Inventory 6.5 6.9-5.7% The number of sales transactions which closed during Economists' note : are one of the simplest yet most important indicators for the residential real estate market. When comparing across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors and their clients should also be wary of month-to-month comparisons of because of potential seasonal effects. January 215 345-6.3% December 214 424 6.5% November 214 361 9.1% October 214 48.2% September 214 August 214 July 214 June 214 May 214 383 438 46 519 556-4.7% 8.1% -7.9% 31.7% 8.4% April 214 558 4.5% March 214 February 214 535 344 24.4%.% January 214 368 31.4% 6 5 4 3 2 1 Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
Pct. of Closed Sales Paid in Cash Cash Sales ly Market Detail - January 215 Cash Sales The number of during in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care. Cash Sales January 215 191-7.7% December 214 22-6.% November 214 177 7.9% October 214 211 3.9% September 214 192-2.5% August 214 25-4.2% July 214 19-18.5% June 214 264 2.5% May 214 296 1.7% April 214 292-5.2% March 214 317 28.3% February 214 23 2.% January 214 27 28.6% 4 3 2 1 Cash Sales as a Percentage of The percentage of during which were Cash Sales Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc. Percent of Closed Sales Paid in Cash January 215 55.4% -1.6% December 214 47.6% -11.8% November 214 49.% -1.% October 214 51.7% 3.7% September 214 5.1% 2.3% August 214 46.8% -11.4% July 214 46.8% -11.4% June 214 5.9% -8.5% May 214 53.2% -6.1% April 214 52.3% -9.3% March 214 59.3% 3.2% February 214 59.% 2.% January 214 56.3% -2.2% 66% 61% 56% 51% 46% 41% 36% Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
Pending Sales ly Market Detail - January 215 New Pending Sales The number of property listings that went from "Active" to "Pending" status during Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. January 215 December 214 November 214 October 214 499 September 214 442 August 214 July 214 June 214 May 214 April 214 March 214 February 214 January 214 New Pending Sales 581 43 452 514 53 48 643 676 78 64 554 4.9% -12.8% -17.8% -16.1% -28.6% -16.8% -25.6% -27.8% -14.8% -18.3% -15.9% -1.7% -12.6% 9 7 5 3 1 The number of properties put onto the market during Economists' note : In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really. January 215 December 214 November 214 October 214 September 214 August 214 July 214 June 214 May 214 April 214 March 214 February 214 January 214 945 64 627 758 565 587 576 585 61 666 712 768 889 6.3% 2.% -12.3% 2.7% -3.9% 2.4% -4.5% 4.8% 1.1%.5% 4.6% -.8% 2.5% 1, 9 8 7 6 5 4 Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
Average Sale Price ly Market Detail - January 215 The median sale price reported for (i.e. 5% of sales were above and 5% of sales were below) Economists' note : is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. January 215 $395, 12.4% December 214 $398,75 13.3% November 214 $338, 16.6% October 214 $361,25 2.% September 214 $35, 12.% August 214 $359, 17.7% July 214 $325, 17.1% June 214 $41, 17.9% May 214 $41, 16.2% April 214 $39, 11.1% March 214 $4, 19.4% February 214 $39, 34.5% January 214 $351,5 31.9% $47K $42K $37K $32K $27K $22K $17K Average Sale Price The average sale price reported for (i.e. total sales in dollars divided by the number of sales) Economists' note : As noted above, we prefer over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses particularly when it is analyzed alongside the. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area. Average Sale Price January 215 $84,15 12.3% December 214 $669,47 18.4% November 214 $623,231 38.9% October 214 $681,959 35.3% September 214 $565,371 -.8% August 214 $584,414 11.6% July 214 $598,65 14.5% June 214 $699,254 1.1% May 214 $696,398 3.8% April 214 $72,543 19.6% March 214 $647,882 1.8% February 214 $786,784 65.1% January 214 $715,832 43.6% $83K $73K $63K $53K $43K $33K Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
Avg. Pct. of Orig. List Price Received Median Days on Market ly Market Detail - January 215 Median Days on Market The median number of days that properties sold during were on the market Economists' note : Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 5% of homes selling this month took less time to sell, and 5% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. Median Days on Market January 215 42-4.5% December 214 48-2.% November 214 4-4.8% October 214 37-35.1% September 214 42-43.2% August 214 54-46.% July 214 46-57.% June 214 58-44.8% May 214 51-51.9% April 214 51-54.1% March 214 58-52.1% February 214 61-41.3% January 214 44-56.4% 15 1 5 Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during Economists' note : The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market that has shifted from down to up, and is another lagging indicator. Avg. Pct. of Orig. List Price Received January 215 95.4% 1.4% December 214 94.2%.2% November 214 95.2% -.6% October 214 95.2%.6% September 214 94.3%.7% August 214 94.%.% July 214 95.%.7% June 214 93.% -.5% May 214 93.9% 1.% April 214 93.2% 1.1% March 214 93.2% 1.1% February 214 94.2% 1.2% January 214 94.1%.5% 1% 95% 9% 85% 8% 75% Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
s Supply of Inventory Inventory ly Market Detail - January 215 Inventory (Active Listings) The number of property listings active at the end of Economists' note : There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of, and hold this number to compare with the same month the following year. Inventory January 215 2,847.2% December 214 2,878-2.7% November 214 2,679-7.3% October 214 2,599-6.5% September 214 2,365-6.9% August 214 2,387.% July 214 2,335.3% June 214 2,526 6.9% May 214 2,624 1.2% April 214 2,83.7% March 214 2,931-2.1% February 214 2,841-8.9% January 214 2,842-4.9% 6,2 5,2 4,2 3,2 2,2 s Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : This is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 s of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market. s Supply January 215 6.5-5.7% December 214 6.5-1.4% November 214 6.1-14.% October 214 5.9-12.5% September 214 5.4-13.8% August 214 5.4-9.5% July 214 5.4-9.1% June 214 5.8-5.6% May 214 6.1-7.5% April 214 6.6-7.4% March 214 6.9-1.1% February 214 6.9-13.6% January 214 6.9-9.5% 19. 14. 9. 4. Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
Median Days on Market ly Market Detail - January 215 by Sale Price The number of sales transactions which closed during Economists' note : are one of the simplest yet most important indicators for the residential real estate market. When comparing across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors and their clients should also be wary of month-to-month comparisons of because of potential seasonal effects. 7 6 5 4 3 2 1 Less than $5, January 214 January 215 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price Less than $5, 1.% $5, - $99,999 8-46.7% $1, - $149,999 19-9.5% $15, - $199,999 26-36.6% $2, - $249,999 35 12.9% $25, - $299,999 25-39.% $3, - $399,999 6 9.1% $4, - $599,999 54-1.% $6, - $999,999 53 12.8% $1,, or more 64 14.3% $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 7 6 5 4 3 2 1 Median Days on Market by Sale Price The median number of days that properties sold during were on the market Economists' note: Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 5% of homes selling this month took less time to sell, and 5% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. 14 12 1 8 6 4 2 Less than $5, January 214 January 215 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price $5, - $99,999 18-35.7% $1, - $149,999 Median Days on Market Less than $5, 6-66.7% 22 4.8% $15, - $199,999 21 5.% $2, - $249,999 28-31.7% $25, - $299,999 42-39.1% $3, - $399,999 32-36.% $4, - $599,999 64 82.9% $6, - $999,999 68-12.8% $1,, or more 66-5.4% $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 14 12 1 8 6 4 2 Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
Inventory ly Market Detail - January 215 by Initial Listing Price The number of properties put onto the market during Economists' note: In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really. 25 2 15 1 5 January 214 January 215 Initial Listing Price Less than $5, 2-33.3% $5, - $99,999 5-44.4% $1, - $149,999 2-42.9% $15, - $199,999 64-14.7% $2, - $249,999 54-6.9% $25, - $299,999 87 29.9% $3, - $399,999 132 6.5% $4, - $599,999 23 28.5% $6, - $999,999 147 7.3% $1,, or more 231 3.6% 25 2 15 1 5 Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more Inventory by Current Listing Price The number of property listings active at the end of Economists' note: There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of, and hold this number to compare with the same month the following year. 1, 8 6 4 2 January 214 January 215 Current Listing Price Inventory Less than $5, 4.% $5, - $99,999 1-16.7% $1, - $149,999 25-69.1% $15, - $199,999 99-42.1% $2, - $249,999 97-34.5% $25, - $299,999 192-2.5% $3, - $399,999 377 8.6% $4, - $599,999 578 18.2% $6, - $999,999 526 2.9% $1,, or more 939 6.5% 1, 8 6 4 2 Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.
ly Distressed Market - January 215 January 215 January 214 Traditional 282 294-4.1% $455, $417,5 9.% Foreclosure/REO 53 48 1.4% $175,3 $18,45-2.9% Short Sale 1 26-61.5% $217,75 $224,5-3.% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $6, Traditional Foreclosure/REO Short Sale $5, $4, $3, $2, $1, $ Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.