ly Market Detail - January 215 Summary Statistics January 215 January 214 Paid in Cash 31 2 55.% 28 19 47.4% New Pending Sales 43 4 7.5% 47 49-4.1% $78,5 $7, 12.1% Average Sale Price $81,9 $72,626 11.7% Median Days on Market 81 78 3.8% Average Percent of Original List Price Received 9.9% 86.% 5.7% Pending Inventory Inventory (Active Listings) 41 113 4 2.5% 29-45.9% s Supply of Inventory 3.8 8.6-55.8% 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 31 55.% December 214 33 83.3% November 214 2 October 214 27 September 214 17 August 214 15 July 214 2 June 214 11 May 214 31 April 214 58 March 214 57 February 214 37 January 214 2-31.% 8.%.% 25.% 33.3% -42.1% 3.3% 26.1% 54.1% 54.2% -4.8% 8 211 212 213 214 6 4 2 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 28 47.4% December 214 31 93.8% November 214 2-23.1% October 214 24 2.% September 214 17.% August 214 15 25.% July 214 2 42.9% June 214 1-44.4% May 214 29 7.4% April 214 57 23.9% March 214 54 58.8% February 214 35 66.7% January 214 19.% 6 5 4 3 2 1 211 212 213 214 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 9.3% -4.9% December 214 93.9% 5.7% November 214 1.% 11.5% October 214 88.9% 11.1% September 214 1.%.% August 214 1.%.% July 214 1.% 7.1% June 214 9.9% -4.% May 214 93.5% 3.9% April 214 98.3% -1.7% March 214 94.7% 3.1% February 214 94.6% 8.1% January 214 95.% 5.% 11% 1% 9% 8% 7% 211 212 213 214 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 September 214 August 214 July 214 June 214 May 214 April 214 March 214 February 214 January 214 New Pending Sales 43 29 31 21 26 14 19 16 17 27 65 57 4 7.5% 31.8% 47.6% -8.7% 3.% -22.2% 46.2% -15.8% -1.5% -1.% 58.5% 23.9% 42.9% 8 211 212 213 214 6 4 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. 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 47 35 36 27 27 24 2 19 19 25 33 56 49-4.1% -28.6% -2.7% -25.% -15.6% -7.7% -25.9% -9.5% -53.7% -43.2% -13.2% 33.3% 16.7% 8 211 212 213 214 6 4 2 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 $78,5 12.1% December 214 $71,5-4.7% November 214 $85, 36.% October 214 $75, 9.5% September 214 $6, 41.2% August 214 $71, -6.% July 214 $62,45-19.9% June 214 $42, -27.% May 214 $62, 3.8% April 214 $73,95 23.3% March 214 $77, 2.7% February 214 $56, -13.8% January 214 $7, 4.% $9K $8K $7K $6K $5K $4K $3K 211 212 213 214 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 $81,9 11.7% December 214 $79,736 4.7% November 214 $73,59 19.% October 214 $76,241-5.2% September 214 $63,7 27.1% August 214 $81,533 13.1% July 214 $63,818-27.% June 214 $6,955-5.4% May 214 $68,658 17.2% April 214 $82,3 25.3% March 214 $8,427 11.4% February 214 $65,326-11.6% January 214 $72,626 43.2% $11K $9K $7K $5K $3K 211 212 213 214 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 81 3.8% December 214 67 15.5% November 214 3-52.4% October 214 9 55.2% September 214 153 112.5% August 214 8-13.% July 214 99 1.% June 214 77-29.4% May 214 8-57.% April 214 71-43.7% March 214 75-29.2% February 214 91-8.1% January 214 78 11.4% 4 3 2 1 211 212 213 214 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 9.9% 5.7% December 214 9.8% 1.% November 214 88.6%.6% October 214 87.% -2.1% September 214 88.3% 5.2% August 214 86.5% -4.4% July 214 84.7% -3.9% June 214 89.2% 7.5% May 214 89.6% 12.1% April 214 87.7% 2.9% March 214 87.5% 1.3% February 214 84.5% -3.4% January 214 86.% 2.3% 95% 9% 85% 8% 75% 7% 65% 211 212 213 214 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 215 113-45.9% December 214 116-44.5% November 214 126-35.4% October 214 127-28.7% September 214 12-36.5% August 214 123-35.9% July 214 117-37.8% June 214 128-29.7% May 214 133-33.2% April 214 144-26.5% March 214 162-2.2% February 214 21-1.7% January 214 29-14.% 4 211 212 213 214 3 2 1 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 3.8-55.8% December 214 4. -53.% November 214 4.6-41.8% October 214 4.5-39.8% September 214 4.3-47.8% August 214 4.4-48.4% July 214 4.2-48.2% June 214 4.7-41.% May 214 4.7-45.8% April 214 5.1-42.2% March 214 6. -36.4% February 214 7.9-23.3% January 214 8.6-21.4% 22. 17. 12. 7. 2. 211 212 213 214 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. 16 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 Less than $5, 7 75.% $5, - $99,999 15 15.4% $1, - $149,999 9 2.% $15, - $199,999 N/A $2, - $249,999 N/A $25, - $299,999 N/A $3, - $399,999 N/A $4, - $599,999 N/A $6, - $999,999 N/A $1,, or more N/A $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 16 14 12 1 8 6 4 2 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. 2 January 214 January 215 Sale Price $15, - $199,999 (No Sales) N/A $2, - $249,999 (No Sales) N/A $25, - $299,999 Median Days on Market (No Sales) Less than $5, 18-85.8% $5, - $99,999 83 17.5% $1, - $149,999 133-3.% N/A $3, - $399,999 (No Sales) N/A $4, - $599,999 (No Sales) N/A $6, - $999,999 (No Sales) N/A $1,, or more (No Sales) N/A 2 15 1 5 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 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, 11 37.5% $5, - $99,999 16-27.3% $1, - $149,999 15.% $15, - $199,999 4.% $2, - $249,999 N/A $25, - $299,999 1 N/A $3, - $399,999 N/A $4, - $599,999 N/A $6, - $999,999 N/A $1,, or more N/A 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. 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 Current Listing Price Inventory Less than $5, 11-66.7% $5, - $99,999 54-5.5% $1, - $149,999 36-3.8% $15, - $199,999 7-46.2% $2, - $249,999 3 2.% $25, - $299,999 1 N/A $3, - $399,999 1.% $4, - $599,999 N/A $6, - $999,999 N/A $1,, or more N/A $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 12 1 8 6 4 2 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 31 2 55.% $78,5 $7, 12.1% Foreclosure/REO N/A (No Sales) (No Sales) N/A Short Sale N/A (No Sales) (No Sales) N/A 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $14, 211 212 213 214 Traditional Foreclosure/REO Short Sale $12, $1, $8, $6, $4, $2, $ 211 212 213 214 Data released on Monday, February 23, 215. Next data release is Monday, March 23, 215.