ly Market Detail - September 213 Summary Statistics September 213 September 212 Paid in Cash 1,211 1,68 13.4% 475 418 13.6% New Pending Sales 1,558 1,553.3% 2,31 1,746 16.3% $27, $25, 31.7% Average Sale Price $327,487 $263,467 24.3% Median Days on Market 27 42-35.7% Average Percent of Original List Price Received 95.9% 93.2% 2.9% Pending 4,617 (No Data) N/A (Active Listings) 4,737 4,693.9% s Supply of 3.8 4.2-9.5% 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. September 213 1,211 13.4% August 213 1,396 2.3% July 213 1,475 June 213 1,356 May 213 1,46 April 213 1,316 March 213 1,199 February 213 969 January 213 1,33 December 212 1,238 November 212 1,21 October 212 1,195 September 212 1,68 12.9% 3.4% 17.1% 11.1% 2.% 7.% 15.3% 14.9% 24.% 2.1% -.5% 1,7 1,5 1,3 1, 9 7 5 Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 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 September 213 475 13.6% August 213 558 9.4% July 213 584 19.7% June 213 541 6.3% May 213 623 21.7% April 213 552 18.2% March 213 491 2.5% February 213 456 8.1% January 213 497 29.1% December 212 549 34.9% November 212 514 32.1% October 212 466 17.4% September 212 418 11.5% Cash Sales 7 6 5 4 3 2 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 September 213 39.2%.2% August 213 4.% 6.9% July 213 39.6% 6.% June 213 39.9% 2.8% May 213 42.7% 3.9% April 213 41.9% 6.3% March 213 41.%.5% February 213 47.1% 1.% January 213 48.1% 12.% December 212 44.3% 17.3% November 212 42.5% 6.6% October 212 39.% -2.3% September 212 39.1% 12.% Pct. of Closed Sales Paid in Cash 59% 49% 39% 29% 19% Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 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. September 213 August 213 July 213 June 213 1,872 May 213 2,4 April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 New Pending Sales 1,558 1,827 1,859 2,23 1,897 1,84 1,795 1,547 1,634 1,926 1,553.3% -3.2% 2.7% -2.2% -.3%.9% -4.% 1.% 4.1% 11.9% 12.8% 24.5% -6.5% Pending Sales 2,3 2, 1,9 1,7 1,5 1,3 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. September 213 August 213 July 213 June 213 May 213 April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 2,31 2,194 2,168 2,54 2,133 2,122 1,948 1,935 2,131 1,396 1,637 1,923 1,746 16.3% 19.6% 17.4% 7.2% 6.9% 8.1% -5.3%.6% 5.% -7.2% -7.3% 4.3% -4.8% 2,7 2,2 1,7 1,2 Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 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. September 213 $27, 31.7% August 213 $27,5 25.8% July 213 $275, 27.9% June 213 $265, 23.3% May 213 $255, 22.6% April 213 $25, 22.% March 213 $242,5 26.3% February 213 $227, 23.2% January 213 $224,88 24.5% December 212 $23, 21.1% November 212 $21, 7.7% October 212 $211,55 15.% September 212 $25, 9.6% $3K $25K $2K $15K 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 September 213 $327,487 24.3% August 213 $339,836 22.2% July 213 $336,134 23.4% June 213 $351,439 21.8% May 213 $348,423 22.7% April 213 $319,592 11.2% March 213 $297,341 7.8% February 213 $37,385 22.5% January 213 $275, 11.9% December 212 $29,118 5.9% November 212 $288,839 12.2% October 212 $257,984-3.7% September 212 $263,467 11.4% Average Sale Price $37K $32K $27K $22K Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 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 September 213 27-35.7% August 213 3-16.7% July 213 25-4.5% June 213 29-21.6% May 213 32-25.6% April 213 34-24.4% March 213 3-34.8% February 213 38-25.5% January 213 48-9.4% December 212 37-33.9% November 212 39-25.% October 212 4-28.6% September 212 42-4.5% Median Days on Market 8 6 4 2 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 September 213 95.9% 2.9% August 213 95.7% 2.1% July 213 96.4% 3.9% June 213 96.% 2.9% May 213 95.3% 3.6% April 213 94.8% 3.5% March 213 95.6% 5.1% February 213 94.1% 3.3% January 213 93.4% 2.8% December 212 93.7% 3.% November 212 93.5% 2.7% October 212 94.2% 3.9% September 212 93.2% 2.5% Avg. Pct. of Orig. List Price Received % 95% 9% 85% 8% 75% Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 (Active Listings) The number of property listings active at the end of 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 month the following year. September 213 4,737.9% August 213 4,44-6.3% July 213 4,297-1.3% June 213 4,98-17.% May 213 4,135-19.6% April 213 4,89-23.2% March 213 4,226-24.5% February 213 4,446-24.% January 213 4,514-26.4% December 212 4,348-31.8% November 212 4,76-27.4% October 212 4,7-27.5% September 212 4,693-28.1% 15,9 13,9 11,9 9,9 7,9 5,9 3,9 s Supply of An estimate of the number of months it will take to deplete the current 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. Higher numbers indicate a buyers' market, lower numbers a sellers' market. s Supply September 213 3.8-9.5% August 213 3.6-15.1% July 213 3.5-19.6% June 213 3.3-26.% May 213 3.4-28.2% April 213 3.4-3.9% March 213 3.5-31.8% February 213 3.7-31.4% January 213 3.8-33.2% December 212 3.7-38.% November 212 4.1-33.3% October 212 4.1-33.2% September 212 4.2-33.3% s Supply of 22. 17. 12. 7. 2. Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 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. Sale Price Less than $5, 12-2.% $5, - $99,999 88-46.7% $, - $149,999 149-16.8% $15, - $199,999 138-12.1% $2, - $249,999 14 5.3% $25, - $299,999 186 48.8% $3, - $399,999 241 86.8% $4, - $599,999 153 44.3% $6, - $999,999 66 73.7% $1,, or more 38 81.% 3 3 25 25 2 15 5 2 15 5 Less than $5, $5, - $99,999 $, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 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. Sale Price $5, - $99,999 35-12.5% $, - $149,999 Median Days on Market Less than $5, 31-2.5% 28-15.2% $15, - $199,999 21-48.8% $2, - $249,999 21-51.2% $25, - $299,999 23-41.% $3, - $399,999 24-33.3% $4, - $599,999 36-26.5% $6, - $999,999 6 11.1% $1,, or more 126.% Median Days on Market 14 12 8 6 4 2 Less than $5, $5, - $99,999 $, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 14 12 8 6 4 2 Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 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. Initial Listing Price Less than $5, 17-43.3% $5, - $99,999 146-42.7% $, - $149,999 273-3.2% $15, - $199,999 267 16.1% $2, - $249,999 182 9.6% $25, - $299,999 253 31.1% $3, - $399,999 348 45.% $4, - $599,999 274 68.1% $6, - $999,999 156 52.9% $1,, or more 115 35.3% 4 35 3 25 2 15 5 Less than $5, $5, - $99,999 $, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 4 35 3 25 2 15 5 by Current Listing Price The number of property listings active at the end of 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 month the following year. Current Listing Price Less than $5, 25-56.1% $5, - $99,999 236-59.5% $, - $149,999 526-21.3% $15, - $199,999 51-9.9% $2, - $249,999 359-19.% $25, - $299,999 49-11.9% $3, - $399,999 698 23.5% $4, - $599,999 767 48.4% $6, - $999,999 549 45.6% $1,, or more 658 45.3% 9 8 7 6 5 4 3 2 Less than $5, $5, - $99,999 $, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 9 8 7 6 5 4 3 2 Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.
ly Market Detail - September 213 September 213 September 212 Traditional 877 586 49.7% $295, $26, 13.5% Foreclosure/REO 139 222-37.4% $179, $136,777 3.9% Short Sale 195 26-25.% $199,9 $15, 33.3% % 9% 8% 7% 6% 5% 4% 3% 2% 1% % $35, Traditional Foreclosure/REO Short Sale $3, $25, $2, $15, $, $5, $ Data released on Monday, October 21, 213. Next data release is Wednesday, November 2, 213.