ly Market Detail - Summary Statistics 213 Paid in Cash 15,175 14,982 1.3% 5,787 6,271-7.7% New Pending Sales 21,31 21,286.1% New Listings 27,94 24,449 14.3% $275, $259, 6.2% $349,638 $327,631 6.7% Median Days on Market 38 31 22.6% Average Percent of Original List Price Received 94.3% 95.4% -1.2% (Active Listings) 6,414 5,36 27.4% Months Supply of 5.1 4. 25.7% The number of sales transactions which closed during 15,175 1.3% 213 14,982 6.2% 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 -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. 212 14,11 1.1% 211 12,811 3.9% 21 12,329-2.5% 29 12,645 48.5% 16,2 15,2 14,2 13,2 12,2
Average Sale Price ly Market Detail - The median sale price reported for (i.e. 5% of sales were above and 5% of sales were below) $275, 6.2% 213 $259, 24.5% 212 $28, 11.9% Economists' note : is our preferred summary statistic for price activity because, unlike, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. 211 $185,9-5.2% 21 $196, -3.% 29 $22, -27.6% $29K $27K $25K $23K $21K $19K $17K The average sale price reported for (i.e. total sales in dollars divided by the number of sales) 213 $327,631 $349,638 6.7% 19.1% Economists' note : As noted above, we prefer over as a summary statistic for home prices. However, 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. 212 $275,27 6.4% 211 $258,52-1.% 21 $261,73 1.6% 29 $257,71-29.% $36K $34K $32K $3K $28K $26K $24K
Months Supply of ly Market Detail - (Active Listings) The number of property listings active at the end of 6,414 27.4% 213 5,36 15.8% Economists' note : There are a number of ways to calculate, so these numbers may not match up to others you see in your market. We calculate by counting the number of active listings on the last day of, and hold this number to compare with the same calculation for the following year. 212 4,348-31.8% 211 6,371-27.1% 21 8,742 5.7% 29 8,27-44.5% 9,2 8,2 7,2 6,2 5,2 4,2 Months Supply of An estimate of the number of months it will take to deplete the current given recent sales rates Months Supply 5.1 25.7% 213 4. 9.% 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 Months of. Higher numbers indicate a buyers' market, lower numbers a sellers' market. 212 3.7-38.% 211 6. -29.9% 21 8.5 8.4% 29 7.8 N/A 1. 8. 6. 4. 2.
Median Days on Market ly Market Detail - 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 -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. 3,5 3, 2,5 2, 1,5 1, 5 Less than $5, 213 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price Less than $5, 73-54.9% $5, - $99,999 919-34.8% $1, - $149,999 2,67.8% $15, - $199,999 1,94 6.9% $2, - $249,999 1,619-5.7% $25, - $299,999 1,892 -.7% $3, - $399,999 3,146 15.3% $4, - $599,999 2,143 1.7% $6, - $999,999 918 1.1% $1,, or more 494 7.4% $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 3,5 3, 2,5 2, 1,5 1, 5 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 year was on the market. That is, 5% of homes selling this year 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. 12 1 8 6 4 2 Less than $5, 213 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price $15, - $199,999 32 1.3% $2, - $249,999 32 18.5% $25, - $299,999 Median Days on Market Less than $5, 32 45.5% $5, - $99,999 36.% $1, - $149,999 37 15.6% 33 5.% $3, - $399,999 35 25.% $4, - $599,999 43 22.9% $6, - $999,999 65 2.4% $1,, or more 16 1.9% $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 12 1 8 6 4 2
ly Distressed Market - 213 Traditional 11,356 1,347 9.8% $35, $299, 2.% Foreclosure/REO 2,78 1,813 14.6% $162,274 $153, 6.1% Short Sale 1,741 2,822-38.3% $2, $174, 14.9% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $35, Traditional Foreclosure/REO Short Sale $3, $25, $2, $15, $1, $5, $