ly Market Detail - June 213 Summary Statistics June 213 June 212 Paid in Cash 19 14 35.7% 18 13 38.5% New Pending Sales 19 11 72.7% 34 33 3.% $4, $41,8-4.3% Average Sale Price $47,332 $48,561-2.5% Median Days on Market 77 96-19.8% Average Percent of Original List Price Received 84.% 89.6% -6.2% Pending 55 (No Data) N/A (Active Listings) 265 288-8.% s Supply of 13.2 14.2-6.8% 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. June 213 19 35.7% May 213 19 18.8% April 213 33 March 213 26 February 213 17 January 213 22 December 212 28 November 212 17 October 212 19 September 212 9 August 212 2 July 212 12 June 212 14 37.5% -29.7% 6.3% -12.% -9.7% 21.4% 11.8% -52.6% 17.6% -14.3%.% 4 3 2 1 Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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 June 213 18 38.5% May 213 19 18.8% April 213 31 34.8% March 213 25-28.6% February 213 15-6.3% January 213 22-8.3% December 212 27-3.6% November 212 16 33.3% October 212 18 38.5% September 212 9-43.8% August 212 19 11.8% July 212 11-15.4% June 212 13-7.1% 4 Cash Sales 3 2 1 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 June 213 94.7% 2.% May 213 1.%.% April 213 93.9% -2.% March 213 96.2% 1.6% February 213 88.2% -11.8% January 213 1.% 4.2% December 212 96.4% 6.8% November 212 94.1% 9.8% October 212 94.7% 23.9% September 212 1.% 18.8% August 212 95.% -5.% July 212 91.7% -1.3% June 212 92.9% -7.1% Pct. of Closed Sales Paid in Cash 18% 98% 88% 78% 68% 58% Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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. June 213 May 213 April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 June 212 New Pending Sales 19 3 26 4 28 31 3 31 27 19 18 18 11 72.7% 87.5% 4.% 37.9% 16.7% 47.6% -6.3% 3.3% 285.7% 11.8%.% 63.6% -45.% Pending Sales 5 4 3 2 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. June 213 May 213 April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 June 212 34 47 48 46 6 6 35 57 59 33 4 42 33 3.% 6.8% 2.1% -14.8% 1.7% 5.3% 2.7% 5.6% 13.5% 3.1% 21.2% 16.7% -2.9% 8 6 4 2 Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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. June 213 $4, -4.3% May 213 $47,5-18.1% April 213 $6, 4.3% March 213 $46,955-9.7% February 213 $57, 27.9% January 213 $39,95-24.6% December 212 $53,5 18.5% November 212 $47, 4.4% October 212 $45, -33.8% September 212 $35, -16.2% August 212 $42,3 9.9% July 212 $41,75-16.5% June 212 $41,8 7.9% $9K $7K $5K $3K $1K 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 June 213 $47,332-2.5% May 213 $81,182 28.6% April 213 $63,276-9.4% March 213 $57,812 9.% February 213 $56,935 1.6% January 213 $51,48-7.2% December 212 $63,758 8.6% November 212 $64,52 16.2% October 212 $48,368-3.7% September 212 $52,389 12.9% August 212 $54,463 -.6% July 212 $44,773-7.5% June 212 $48,561-9.3% Average Sale Price $1K $8K $6K $4K $2K Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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 June 213 77-19.8% May 213 57 29.5% April 213 71-23.7% March 213 41-42.3% February 213 192 123.3% January 213 13 56.1% December 212 115 134.7% November 212 111-11.2% October 212 95-33.6% September 212 39-72.9% August 212 87-3.3% July 212 73-31.1% June 212 96 77.8% Median Days on Market 4 3 2 1 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 June 213 84.% -6.2% May 213 88.3% -3.% April 213 83.2% 2.3% March 213 89.3% 2.3% February 213 78.% -7.5% January 213 82.1% -.4% December 212 86.9% 1.6% November 212 83.7% -1.4% October 212 82.6% 1.1% September 212 85.3% -3.1% August 212 85.7% 6.7% July 212 82.8% -4.5% June 212 89.6% -.1% Avg. Pct. of Orig. List Price Received 15% 95% 85% 75% 65% 55% Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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. June 213 265-8.% May 213 265-9.9% April 213 266-11.3% March 213 265-14.2% February 213 288-9.7% January 213 277-8.9% December 212 274-5.2% November 212 287-7.7% October 212 284-11.3% September 212 29-1.4% August 212 297.3% July 212 291-2.% June 212 288-1.7% 4 35 3 25 2 15 1 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 June 213 13.2-6.8% May 213 13.5-6.8% April 213 13.7-4.5% March 213 14.2 -.1% February 213 14.7-2.% January 213 14.2 2.8% December 212 13.9 1.2% November 212 14.4-7.3% October 212 14.4-9.8% September 212 14.8.7% August 212 14.5-3.3% July 212 14.4-8.9% June 212 14.2-7.7% s Supply of 24. 22. 2. 18. 16. 14. 12. Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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, 11 22.2% $5, - $99,999 8 1.% $1, - $149,999-1.% $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 12 12 1 1 8 6 4 2 8 6 4 2 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 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 $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, 77-31.9% $5, - $99,999 75 36.4% $1, - $149,999 (No Sales) N/A 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 Median Days on Market 9 8 7 6 5 4 3 2 1 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 9 8 7 6 5 4 3 2 1 Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 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, 14-12.5% $5, - $99,999 14 7.7% $1, - $149,999 3-25.% $15, - $199,999 3 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 16 14 12 1 8 6 4 2 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 16 14 12 1 8 6 4 2 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, 74-16.9% $5, - $99,999 12-2.4% $1, - $149,999 47-19.% $15, - $199,999 16 6.7% $2, - $249,999 4 1.% $25, - $299,999 2 N/A $3, - $399,999 1 N/A $4, - $599,999 N/A $6, - $999,999-1.% $1,, or more 1 N/A 14 12 1 8 6 4 2 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 14 12 1 8 6 4 2 Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.
ly Market Detail - June 213 June 213 June 212 Traditional 12 9 33.3% $38,75 $41,5-6.6% Foreclosure/REO 6 2 2.% $5,5 $31,375 61.% Short Sale 1 3-66.7% $3, $42,1-28.7% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $9, Traditional Foreclosure/REO Short Sale $8, $7, $6, $5, $4, $3, $2, $1, $ Data released on Monday, July 22, 213. Next data release is Wednesday, August 21, 213.