Summary Statistics November 214 November 213 Paid in Cash 77 783-1.7% 64 632-4.4% New Pending Sales 959 916 4.7% 1,248 1,493-16.4% $53, $49,225 7.7% Average Sale Price $64,3 $58,348 9.7% Median Days on Market 61 82-25.6% Average Percent of Original List Price Received 87.8% 85.3% 2.9% Pending (Active Listings) 1,345 6,564 1,228 9.5% 8,185-19.8% s Supply of 7. 1. -3.5% 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. November 214 77-1.7% October 214 962 2.1% September 214 868 August 214 857 July 214 846 June 214 896 May 214 1,83 April 214 1,236 March 214 1,22 February 214 941 January 214 725 December 213 93 November 213 783 17.9% 16.4% 16.5% 14.7% 13.8% 17.6% 25.% 1.4% 4.% 28.8% 16.3% Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
Pct. of Closed Sales Paid in Cash Cash Sales 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 November 214 64-4.4% October 214 738 19.% September 214 676 19.2% August 214 651 16.5% July 214 662 18.6% June 214 691 13.1% May 214 842 7.5% April 214 1,38 19.% March 214 992 25.4% February 214 789 13.2% January 214 599 1.4% December 213 73 21.8% November 213 632 13.3% 1,2 8 6 4 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 November 214 78.4% -2.8% October 214 76.7% -.9% September 214 77.9% 1.1% August 214 76.%.% July 214 78.3% 1.8% June 214 77.1% -1.4% May 214 77.7% -5.5% April 214 84.% 1.2% March 214 81.3%.3% February 214 83.8% 2.5% January 214 82.6% -2.6% December 213 77.9% -5.4% November 213 8.7% -2.6% 96% 86% 76% 66% 56% Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
Pending Sales 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. November 214 October 214 September 214 August 214 July 214 June 214 May 214 April 214 March 214 February 214 January 214 December 213 November 213 New Pending Sales 959 1,5 925 1,7 99 961 1,5 1,19 1,461 1,259 1,135 88 916 4.7% 1.9% 11.7% 2.2% 11.1% 17.2% 9.9% 8.7% 22.7% 11.7% 8.% 2.9% 21.3% 2, 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. November 214 October 214 September 214 August 214 July 214 June 214 May 214 April 214 March 214 February 214 January 214 December 213 November 213 1,248 1,56 1,497 1,368 1,351 1,249 1,353 1,485 1,532 1,584 1,694 1,327 1,493-16.4% -5.5% 6.4% 2.2% -1.5% 7.1% -1.% -8.%.7% 8.4% 1.5% 23.6% 2.7% 2, Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
Average Sale Price 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. November 214 $53, 7.7% October 214 $5,61.1% September 214 $5, 2.% August 214 $5, 5.3% July 214 $5, 1.1% June 214 $5, 1.4% May 214 $49,9 4.% April 214 $5, 2.5% March 214 $53, 11.6% February 214 $46,8 1.7% January 214 $47,15 7.2% December 213 $49,9 6.2% November 213 $49,225 5.9% $6K $55K $5K $45K $4K $35K $3K 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 November 214 $64,3 9.7% October 214 $66,13 8.4% September 214 $6,316 3.5% August 214 $61,76 4.9% July 214 $6, 1.9% June 214 $6,496 3.9% May 214 $61,387 4.2% April 214 $6,8 8.5% March 214 $61,291 6.% February 214 $53,932-4.6% January 214 $55,964 9.6% December 213 $6,416 7.% November 213 $58,348 5.3% $7K $6K $5K $4K $3K Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
Avg. Pct. of Orig. List Price Received Median Days on Market 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 November 214 61-25.6% October 214 84 6.3% September 214 73-21.5% August 214 91 7.1% July 214 81-1.% June 214 78-7.1% May 214 78-11.4% April 214 77-22.2% March 214 86-15.7% February 214 9-11.8% January 214 87-6.5% December 213 74-2.4% November 213 82-2.4% 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 November 214 87.8% 2.9% October 214 86.7%.8% September 214 86.8% 2.7% August 214 85.9% 1.1% July 214 87.1% 3.% June 214 85.7%.2% May 214 86.% 1.4% April 214 85.5% -.3% March 214 85.5% 1.5% February 214 85.2% 1.7% January 214 85.% 2.7% December 213 86.1% 3.2% November 213 85.3% 1.3% 9% 85% 8% 75% Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
s Supply of (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. November 214 6,564-19.8% October 214 6,737-17.% September 214 6,659-15.8% August 214 6,611-13.6% July 214 6,616-13.% June 214 6,751-9.5% May 214 6,942-9.8% April 214 7,38-9.4% March 214 7,271-7.4% February 214 7,674-6.4% January 214 7,831-5.1% December 213 7,984-4.2% November 213 8,185-4.9% 15, 1, 5, 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 November 214 7. -3.5% October 214 7.1-29.% September 214 7.2-28.5% August 214 7.2-27.1% July 214 7.3-26.4% June 214 7.5-23.6% May 214 7.8-23.9% April 214 8. -24.1% March 214 8.4-22.6% February 214 9.1-2.5% January 214 9.4-19.2% December 213 9.6-18.9% November 213 1. -17.9% 25. 2. 15. 1. 5. Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
Median Days on Market 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. 45 4 35 3 25 2 15 1 5 Less than $5, November 213 November 214 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price Less than $5, 347-13.7% $5, - $99,999 314 6.4% $1, - $149,999 81 32.8% $15, - $199,999 16 23.1% $2, - $249,999 5.% $25, - $299,999 1-66.7% $3, - $399,999 4 33.3% $4, - $599,999 1.% $6, - $999,999 1 N/A $, or more N/A $3, - $399,999 $4, - $599,999 $6, - $999,999 $, or more 45 4 35 3 25 2 15 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 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. 25 November 213 November 214 Sale Price $15, - $199,999 94 129.3% $2, - $249,999 81 224.% $25, - $299,999 Median Days on Market Less than $5, 65-12.2% $5, - $99,999 52-43.5% $1, - $149,999 72-8.9% 3-97.4% $3, - $399,999 51-76.5% $4, - $599,999 35-39.7% $6, - $999,999 197 N/A $, or more (No Sales) N/A 25 2 15 1 5 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 $, or more Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 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. 8 7 6 4 3 2 1 Less than $5, November 213 November 214 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Initial Listing Price Less than $5, 443-14.6% $5, - $99,999 514-25.7% $1, - $149,999 174-1.1% $15, - $199,999 7 16.7% $2, - $249,999 18-14.3% $25, - $299,999 12 2.% $3, - $399,999 1-9.1% $4, - $599,999 4 1.% $6, - $999,999 3 5.% $, or more N/A $3, - $399,999 $4, - $599,999 $6, - $999,999 $, or more 8 7 6 4 3 2 1 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. 4, 3, 3, 2, 2, Less than $5, November 213 November 214 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Current Listing Price Less than $5, 1,887-24.9% $5, - $99,999 2,885-22.6% $1, - $149,999 982-13.7% $15, - $199,999 455 1.1% $2, - $249,999 148 9.6% $25, - $299,999 78-21.2% $3, - $399,999 76 4.1% $4, - $599,999 37 15.6% $6, - $999,999 12-2.% $, or more 4-33.3% $3, - $399,999 $4, - $599,999 $6, - $999,999 $, or more 4, 3, 3, 2, 2, Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.
ly Distressed Market - November 214 November 214 November 213 Traditional 58 68-4.6% $58, $55, 6.4% Foreclosure/REO 174 155 12.3% $34,7 $3,17 15.3% Short Sale 16 2-2.% $56,75 $37, 53.4% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $8, Traditional Foreclosure/REO Short Sale $7, $6, $5, $4, $3, $2, $1, $ Produced by REALTORS with data provided by 's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, December 22, 214. Next data release is Friday, January 23, 215.