ly Market Detail - July 213 Summary Statistics July 213 July 212 Paid in Cash 4,112 3,784 8.7% 3,15 2,962 4.8% New Pending Sales 5,664 5,1 11.1% 6,87 5,879 16.9% $13, $12, 27.5% Average Sale Price $232,199 $186,842 24.3% Median Days on Market 44 5-12.% Average Percent of Original List Price Received 95.2% 93.9% 1.4% Pending 12,229 (No Data) N/A (Active Listings) 19,733 21,867-9.8% s Supply of 4.9 5.7-14.2% 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. July 213 4,112 8.7% June 213 3,91-6.4% May 213 4,99 April 213 4,786 March 213 4,431 February 213 3,559 January 213 3,187 December 212 3,878 November 212 3,695 October 212 3,914 September 212 3,475 August 212 4,148 July 212 3,784 7.3% 12.8% 1.2% 3.8% 4.3% 6.8% 16.1% 15.3% -7.7% 3.1% 6.1% 5,5 4,5 3,5 2,5 1,5 Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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 July 213 3,15 4.8% June 213 2,983-9.7% May 213 3,856 5.6% April 213 3,764 9.1% March 213 3,525-1.9% February 213 2,861 1.2% January 213 2,479 -.2% December 212 3,37 4.8% November 212 2,915 14.6% October 212 3,66 14.7% September 212 2,738-8.% August 212 3,264 3.8% July 212 2,962 7.4% 4,8 Cash Sales 3,8 2,8 1,8 8 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 July 213 75.5% -3.5% June 213 76.3% -3.6% May 213 78.5% -1.6% April 213 78.6% -3.3% March 213 79.6% -3.1% February 213 8.4% -2.5% January 213 77.8% -4.2% December 212 78.3% -1.8% November 212 78.9% -1.3% October 212 78.3% -.4% September 212 78.8% -.4% August 212 78.7%.6% July 212 78.3% 1.2% Pct. of Closed Sales Paid in Cash 88% 78% 68% 58% 48% Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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. July 213 June 213 May 213 April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 New Pending Sales 5,664 5,291 6,33 6,825 6,584 6,244 5,858 4,738 5,233 5,71 4,813 5,296 5,1 11.1% 3.6% 1.9% 2.1% 5.% 8.1% 1.9% 13.7% 14.8% 19.8% -1.2% 4.6% 5.% Pending Sales 7,2 6,2 5,2 4,2 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. July 213 June 213 May 213 April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 6,87 6,215 6,87 7,238 6,921 6,913 7,78 5,294 6,183 6,562 5,572 5,978 5,879 16.9% 6.8% 9.2% 9.6% -1.6% 4.1% 7.2% -2.7% -3.5%.1% -8.8% -7.8% 1.9% 1,1 9,1 8,1 7,1 6,1 5,1 Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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. July 213 $13, 27.5% June 213 $134, 26.4% May 213 $129, 17.3% April 213 $125, 25.% March 213 $117,75 26.6% February 213 $112,5 24.7% January 213 $115, 27.8% December 212 $119,5 32.9% November 212 $11, 25.% October 212 $17,95 22.7% September 212 $15, 23.5% August 212 $13, 2.3% July 212 $12, 13.3% $14K $12K $1K $8K $6K 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 July 213 $232,199 24.3% June 213 $246,83 19.% May 213 $25,69 17.4% April 213 $231,26 15.% March 213 $214,53 2.8% February 213 $21,376 2.5% January 213 $25,46 17.5% December 212 $239,846 35.6% November 212 $194,666 15.9% October 212 $196,964 22.8% September 212 $188,778 21.% August 212 $194,73 15.4% July 212 $186,842 12.% Average Sale Price $27K $22K $17K $12K Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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 July 213 44-12.% June 213 45-11.8% May 213 54-3.6% April 213 5-15.3% March 213 55-8.3% February 213 53-1.2% January 213 52-11.9% December 212 54-6.9% November 212 54-11.5% October 212 56-6.7% September 212 51-19.% August 212 54-11.5% July 212 5-24.2% Median Days on Market 1 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 July 213 95.2% 1.4% June 213 94.8% 1.5% May 213 94.3% 1.6% April 213 94.4% 2.7% March 213 93.8% 2.3% February 213 94.1% 2.4% January 213 94.5% 2.3% December 212 94.% 2.1% November 212 94.3% 3.1% October 212 94.5% 3.1% September 212 94.1% 2.7% August 212 93.9% 2.8% July 212 93.9% 3.6% Avg. Pct. of Orig. List Price Received 1% 95% 9% 85% 8% 75% Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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. July 213 19,733-9.8% June 213 19,112-13.8% May 213 2,67-13.3% April 213 2,31-16.8% March 213 2,926-17.9% February 213 21,529-19.3% January 213 21,752-2.6% December 212 2,929-24.4% November 212 21,19-26.4% October 212 19,229-32.9% September 212 19,875-3.5% August 212 2,657-29.2% July 212 21,867-27.2% 69, 59, 49, 39, 29, 19, 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 July 213 4.9-14.2% June 213 4.8-17.9% May 213 5. -17.8% April 213 5.1-2.9% March 213 5.3-2.5% February 213 5.5-2.7% January 213 5.6-21.2% December 212 5.4-24.% November 212 5.4-25.1% October 212 5. -31.% September 212 5.2-28.3% August 212 5.4-28.1% July 212 5.7-26.9% s Supply of 43. 33. 23. 13. 3. Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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, 457-27.5% $5, - $99,999 1,18-8.9% $1, - $149,999 746 6.4% $15, - $199,999 514 36.7% $2, - $249,999 342 67.6% $25, - $299,999 198 23.% $3, - $399,999 227 4.1% $4, - $599,999 225 63.% $6, - $999,999 165 48.6% $1,, or more 13 52.9% 1,2 1,2 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 39-2.4% $2, - $249,999 43-21.8% $25, - $299,999 Median Days on Market Less than $5, 55 1.9% $5, - $99,999 37 5.7% $1, - $149,999 27-43.8% 56 14.3% $3, - $399,999 58-24.7% $4, - $599,999 92 4.5% $6, - $999,999 13-23.7% $1,, or more 19-9.9% 12 12 1 1 Median Days on Market 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 Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 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. 2, 1,5 1, 5 Initial Listing Price Less than $5, 65-31.2% $5, - $99,999 1,722.2% $1, - $149,999 1,181 35.1% $15, - $199,999 84 42.1% $2, - $249,999 484 28.% $25, - $299,999 421 39.4% $3, - $399,999 523 49.9% $4, - $599,999 56 63.2% $6, - $999,999 34 12.6% $1,, or more 284 37.2% 2, 1,5 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 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, 1,634-47.8% $5, - $99,999 3,671-27.7% $1, - $149,999 2,437-14.2% $15, - $199,999 1,998-4.2% $2, - $249,999 1,379-1.7% $25, - $299,999 1,435 8.9% $3, - $399,999 2,76 28.8% $4, - $599,999 2,33 21.1% $6, - $999,999 1,49 6.9% $1,, or more 1,58 19.2% 4, 3,5 3, 2,5 2, 1,5 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 4, 3,5 3, 2,5 2, 1,5 1, 5 Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.
ly Market Detail - July 213 July 213 July 212 Traditional 2,865 2,267 26.4% $156, $128, 21.9% Foreclosure/REO 719 74-2.8% $96,55 $77,35 24.2% Short Sale 528 777-32.% $93,6 $84, 11.4% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $18, Traditional Foreclosure/REO Short Sale $16, $14, $12, $1, $8, $6, $4, $2, $ Data released on Wednesday, August 21, 213. Next data release is Thursday, September 19, 213.