37-2 Monthly Indicators 31-3 31-5 31-1 41-2 31-2 31-3 41-1 21-1 31-4 37-4 37-6 41-4 20 26-1 21-2 26-2 26-3 26-4 2010 26-7 26-5 26-6 9-1 9-2 9-4 22-1 22-2 22 (3-7) 55-2 16 17 10 11 25 55-1 60 59 23 18 12 51 37-0 53 24 37-5 37-1 37-7 52 8-2 5 68 63 50 8-1 54 37-3 37-8 34-1 67 56 34-3 50 34-2 CONTENTS 2 New Listings 3 Listings Under Contract 4 Closed Sales 5 Days On Market Until Sale 6 Median Sales Price 7 Average Sales Price 8 Percent Of Original List Price Received At Sale 9 Mortgage Rates 10 Housing Affordability Index 11 Housing Supply Outlook 12 Market Overview 13 Annual Review A free research tool from the Collin County Association of REALTORS exclusively for our members and MLS subscribers.
New Listings 5,019 4,866 4,359 55,408 54,644 57,075-10.4% + 4.4% - 13.2% + 3.0% 10,000 9,000 8,000 Historical Market Activity New Listings Listings Under Contract Closed Sales 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 2
Listings Under Contract April January through April 2,364 2,364 3,070 2,171 2,171 33,886 33,886 31,095 31,095 28,480 28,480 10,000 9,000 8,000-29.3% -8.2% Historical Market Activity -8.4% - 16.0% New Listings Listings Under Contract Closed Sales 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 3
Closed Sales April 2,729 2,729 3,189 3,189 2,085 2,085 * Reported Projected 2,343 * January through April 33,756 33,756 29,378 29,378 Reported Projected 27,391 27,391 * 27,649 * - 34.6% - 23.6% - 14.2% Historical Market Activity - 26.5% -6.8% -5.9% - 18.9% - 18.1% * Due to the delay experienced in reporting closed sales into MLS, reported unit activity will appear artificially low for the most recent month. Our higher projected unit activity assumes that only 89% of all sales are reported in time for this report -- a number we use based upon historical analysis. 10,000 9,000 8,000 New Listings Listings Under Contract Closed Sales 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 4
Cumulative Days on Market Until Sale April January through April 100 100 91 91 105 105 99 99 97 97 90 90 120 + 14.9% + 4.9% Historical Cumulative Days on Market Until Sale -7.3% -9.6% 110 100 90 80 70 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 5
Median Sales Price April $178,200 $178,200 $169,900 $169,900 $177,250 $177,250 January through April Figures do not take into account seller concessions. $177,000 $174,217 $178,000 $177,000 $174,217 $178,000 $195,000 + 4.3% -0.5% Historical Median Prices + 2.2% + 0.6% $190,000 $185,000 $180,000 $175,000 $170,000 $165,000 $160,000 $155,000 $150,000 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 6
Average Sales Price April January through April Figures do not take into account seller concessions. $243,064 $243,064 $220,161 $220,161 $238,008 $238,008 $244,136 $244,136 $227,695 $227,695 $240,520 $240,520 $290,000 + 8.1% -2.1% Historical Average Prices + 5.6% -1.5% $280,000 $270,000 $260,000 $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 7
Percent of Original List Price Received at Sale 100.0% 100.0% The Percent of Original List Price Received at Sale is calculated by comparing the final sales prices of closed sales to their original list prices. This does not account for list prices from any previous listing contracts. The sales price does not account for seller concessions. 95.0% 92.9% 94.1% 91.3% 95.0% 93.8% 93.5% 93.5% 90.0% 90.0% 85.0% 80.0% 100.0% -3.1% -1.7% Historical Percent of Original List Price Received at Sale 85.0% 80.0% + 0.0% -0.4% 98.0% 96.0% 94.0% 92.0% 90.0% Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 8
Mortgage Rates 6.9 Mortgage rate information is gathered from HSH Associates Financial Publishers, Inc (www.hsh.com). Data represents national 30-year fixedrate mortgages. 5.4 4.7 7.5 Historical Interest Rates 7.0 6.5 6.0 5.5 5.0 4.5 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 9
Housing Affordability Index April 132 156 160 156 The HAI formula measures housing affordability for the Dallas Housing Market. An HAI of 120 means the median family income is 120% of the necessary income to qualify for the median priced home using a 20% down, 30-year fixed rate mortgage. 160 132 170 + 2.8% + 21.0% Historical Housing Affordability Index 160 150 140 130 120 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 10
Housing Supply Outlook 2010 Inventory of Active Listings at Month End 16,398 4,522 Single-Family Detached Condo-Townhouse Attached 3,442 3,013 2,899 2,522 1,372 2,908 441 478 354 263 Single-Family il Detached Condo-Townhouse Attached Months Supply Up to $149,999 999 $150,000-$199,999 000 $199 999 $200,000-$299,999 000 $299 999 $300,000-$499,999 000 $499 999 $500,000 000 and above 10.8 Single-Family Detached Condo-Townhouse Attached All 31.2 7.1 6.7 11.2 9.6 9.0 5.2 5.9 5.9 6.2 6.4 6.7 7.8 13.2 8.2 14.2 15.0 All Single-Family Detached Condo-Townhouse Attached Up to $149,999 $150,000-$199,999 $200,000-$299,999 $300,000-$499,999 $500,000 and above A market is considered balanced when there is roughly a 5 to 6-month supply of homes available for purchase All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 11
Market Overview This Year Last Year Percent Change 5-Year Average This Year Year-to- Date Last Year Year-to- Date Percent Change 5-Year Year-to- Date Average New Listings Aug 5,214 5,239-0.5% 6,238 48,036 44,801 + 7.2% 53,195 Sep 4,680 4,977-6.0% 5,489 52,716 49,778 + 5.9% 58,685 Oct 4,359 4,866-10.4% 5,460 57,075 54,644 + 4.4% 64,145 Listings Under Contract Aug 2,513 3,284-23.5% 3,399 24,052 24,832-3.1% 29,599 Sep 2,257 3,193-29.3% 2,960 26,309 28,025-6.1% 32,559 Oct 2,171 3,070-29.3% 2,906 28,480 31,095-8.4% 35,465 Closed Sales Aug 2,582 3,209-19.5% 3,815 23,012 23,040-0.1% 28,482 Sep 2,294 3,149-27.2% 3,094 25,306 26,189-3.4% 31,576 Oct 2,085 3,189-34.6% 3,002 27,391 29,378-6.8% 34,579 Days on Market Until Sale Aug 88 97-9.3% 89 88 99-10.4% 92 Sep 93 92 + 1.8% 93 89 98-9.2% 92 Oct 105 91 + 14.9% 96 90 97-7.3% 92 Median Sales Price Aug $187,000 $177,500 + 5.4% $180,391 $178,000 $175,000 + 1.7% Sep $179,500 $171,000 + 5.0% $172,190 190 $178,000 $175,000 + 1.7% -- Oct $177,250 $169,900 + 4.3% $173,150 $178,000 $174,217 + 2.2% Average Sales Price Aug $244,227 $236,104 + 3.4% $243,631 $240,559 $228,785 + 5.1% $238,673 Sep $242,417 $227,354 + 6.6% $232,033 $240,727 $228,613 + 5.3% $238,032 Oct $238,008 $220,161 + 8.1% $233,235 $240,520 $227,695 + 5.6% $237,592 Total Active Listings Available Aug 21,186 19,580 + 8.2% Sep 20,714 18,935 + 9.4% -- -- -- -- -- Oct 20,238 18,439 + 9.8% Percent of Original List Price Aug 92.8% 93.8% - 1.1% 94.3% 93.8% 93.3% + 0.6% 94.5% Sep 92.2% 94.3% - 2.3% 94.0% 93.7% 93.4% + 0.3% 94.5% Oct 91.3% 94.1% - 3.1% 93.4% 93.5% 93.5% + 0.0% 94.4% Mortgage Rates Aug 4.8 5.7-15.8% 6.2 Sep 4.8 5.4-11.9% 6.0 -- -- -- -- Oct 4.7 5.4-13.0% 5.9 Housing Affordability Index Aug 152 146 + 3.7% 136 Sep 157 155 + 1.7% 144 -- -- -- -- Oct 160 156 + 2.8% 144 Months Supply of Inventory Aug 7.3 7.0 + 3.7% Sep 7.3 6.8 + 7.4% -- -- -- -- -- Oct 7.4 6.6 + 12.9% Data from past months is updated with each new report to account for late reported listings and sales. All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 12
Annual Review A free research tool from the Collin County Association of REALTORS Closed April Sales January through April Days on Market Until Sale 44,155 49,238 48,348 49,238 43,559 43,559 37,834 37,834 35,129 87 171,317 73 85 177,000 176,000 100 95 97 + 9.5% + 1.8% - 11.5% - 13.1% -7.1% - 16.6% + 17.1% + 11.8% + 5.7% -3.6% 96.0% 94.9% 93.6% 2004 2005 2006 2007 2008 2009 Median Sales Price 96.0% 94.9% 93.6% 2004 2005 2006 2007 2008 2009 Percent of Original List Price Received at Sale $161,000 $165,909 $171,317 $177,000 $176,000 $173,000 95.6% 96.1% 96.0% 94.9% 93.6% 93.5% + 3.0% + 3.3% + 3.3% - 0.6% -1.7% + 0.6% - 0.1% - 1.1% - 1.4% -0.1% 2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009 All data from the North Texas Real Estate Information Service. Reports are created and maintained by 10K Research and Marketing. 13