ly Market Detail - March 213 Summary Statistics March 213 March 212 Paid in Cash 249 194 28.4% 67 47 42.6% New Pending Sales 29 2 4.5% 458 411 11.4% $169, $167, 1.2% Average Sale Price $18,99 $188,39-3.9% Median Days on Market 86 111-22.5% Average Percent of Original List Price Received 91.7% 9.1% 1.8% Pending Inventory 221 (No Data) N/A Inventory (Active Listings) 1,951 2,173-1.2% s Supply of Inventory 9.5 12.1-21.4% 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. March 213 249 28.4% February 213 148 2.8% January 213 139 December 212 28 November 212 187 October 212 229 September 212 187 August 212 242 July 212 216 June 212 259 May 212 223 April 212 177 March 212 194 6.9% 35.1% 22.2% 55.8% 2.2% 26.7% -13.3% 23.9% 3.2% -5.3% 2.6% 4 3 2 1 Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
Pct. of Closed Sales Paid in Cash Cash Sales ly Market Detail - March 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 March 213 67 42.6% February 213 38-5.% January 213 27-32.5% December 212 6 71.4% November 212 61 48.8% October 212 78 95.% September 212 57 83.9% August 212 6 5.% July 212 42-23.6% June 212 64 45.5% May 212 56 14.3% April 212 35-2.5% March 212 47-4.1% 1 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 March 213 26.9% 11.1% February 213 25.7% -7.6% January 213 19.4% -36.9% December 212 28.8% 26.9% November 212 32.6% 21.7% October 212 34.1% 25.2% September 212 3.5% 79.9% August 212 24.8% 18.4% July 212 19.4% -12.% June 212 24.7% 17.4% May 212 25.1% 1.7% April 212 19.8% -16.% March 212 24.2% -6.6% 4% 3% 2% 1% % Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
Pending Sales ly Market Detail - March 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. March 213 February 213 January 213 December 212 153 November 212 124 October 212 September 212 August 212 July 212 June 212 May 212 April 212 March 212 New Pending Sales 29 156 139 27 176 221 231 241 232 216 2 4.5% -13.3% -9.7% 11.7% -16.8% 42.8% 2.5% 14.5% 16.1% -4.4% 13.2% -.5% 2.% 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. March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 June 212 May 212 April 212 March 212 458 359 359 22 269 311 294 338 364 47 44 438 411 11.4% -1.9% 1.4% -1.2% 9.8% 8.4%.7%.6% 2.5% -3.6% -1.7% 4.5% -17.5% 7 6 5 4 3 2 1 Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
Average Sale Price ly Market Detail - March 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. March 213 $169, 1.2% February 213 $165,5.9% January 213 $163,5-4.9% December 212 $17, 4.3% November 212 $164,216 9.5% October 212 $155, -1.9% September 212 $162,6-2.% August 212 $155, -7.7% July 212 $17, 3.2% June 212 $163, -6.9% May 212 $16, -4.9% April 212 $155, -5.5% March 212 $167, 6.7% $21K $19K $17K $15K $13K 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 March 213 $18,99-3.9% February 213 $181,443-4.9% January 213 $198,631.6% December 212 $21,442 14.5% November 212 $189,691 7.4% October 212 $177,937-7.6% September 212 $174,447-8.7% August 212 $174,972-8.8% July 212 $21,169 2.7% June 212 $194,595-6.9% May 212 $17,878-12.3% April 212 $193,132 5.3% March 212 $188,39 9.% $24K $22K $2K $18K $16K Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
Avg. Pct. of Orig. List Price Received Median Days on Market ly Market Detail - March 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 March 213 86-22.5% February 213 118 4.4% January 213 93-26.8% December 212 113-3.4% November 212 89-36.9% October 212 98 1.% September 212 14 7.2% August 212 95 1.1% July 212 87-6.5% June 212 8-25.9% May 212 84-22.9% April 212 84-42.1% March 212 111-14.6% 2 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 March 213 91.7% 1.8% February 213 89.5% 1.5% January 213 9.3%.6% December 212 91.% 1.9% November 212 89.8% 4.2% October 212 88.9% 1.7% September 212 9.5% 2.3% August 212 9.4% 1.1% July 212 9.9% 1.6% June 212 9.1% 2.4% May 212 9.%.6% April 212 9.7% 3.% March 212 9.1% 3.4% 95% 9% 85% 8% 75% Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
s Supply of Inventory Inventory ly Market Detail - March 213 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 March 213 1,951-1.2% February 213 1,873-11.6% January 213 1,851-11.3% December 212 1,828-12.3% November 212 1,928-11.3% October 212 1,955-14.2% September 212 2,26-13.3% August 212 2,72-13.5% July 212 2,149-14.1% June 212 2,227-13.8% May 212 2,247-14.6% April 212 2,242-15.2% March 212 2,173-17.% 3,2 2,7 2,2 1,7 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 March 213 9.5-21.4% February 213 9.3-21.% January 213 9.2-19.8% December 212 9.2-2.3% November 212 9.9-15.6% October 212 1.2-17.7% September 212 1.9-13.% August 212 11.2-14.% July 212 11.9-13.8% June 212 12.1-18.1% May 212 12.5-13.5% April 212 12.5-12.3% March 212 12.1-12.8% 18. 16. 14. 12. 1. 8. Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
Median Days on Market ly Market Detail - March 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, 21 5.% $5, - $99,999 39 44.4% $1, - $149,999 4-4.8% $15, - $199,999 5 31.6% $2, - $249,999 44 41.9% $25, - $299,999 21 4.% $3, - $399,999 26 62.5% $4, - $599,999 8 14.3% $6, - $999,999-1.% $1,, or more N/A 6 6 5 5 4 4 3 3 2 2 1 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 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 $5, - $99,999 75-37.% $1, - $149,999 Median Days on Market Less than $5, 15-13.2% 13-3.9% $15, - $199,999 66-45.9% $2, - $249,999 95-5.% $25, - $299,999 46 43.8% $3, - $399,999 151 128.8% $4, - $599,999 36-71.2% $6, - $999,999 (No Sales) N/A $1,, or more (No Sales) 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 Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
Inventory ly Market Detail - March 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, 16-3.4% $5, - $99,999 59 7.3% $1, - $149,999 58-34.8% $15, - $199,999 79-1.3% $2, - $249,999 68 25.9% $25, - $299,999 6 71.4% $3, - $399,999 56 19.1% $4, - $599,999 42 1.% $6, - $999,999 17 142.9% $1,, or more 3 N/A 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 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. Current Listing Price Inventory Less than $5, 15-9.5% $5, - $99,999 345-8.2% $1, - $149,999 359-15.9% $15, - $199,999 29-27.9% $2, - $249,999 232-11.8% $25, - $299,999 185-5.1% $3, - $399,999 23-1.% $4, - $599,999 143 32.4% $6, - $999,999 69 11.3% $1,, or more 2 5.3% 4 35 3 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 4 35 3 25 2 15 1 5 Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.
ly Market Detail - March 213 March 213 March 212 Traditional 176 123 43.1% $194,45 $199,9-2.7% Foreclosure/REO 53 41 29.3% $117,5 $15,5 11.4% Short Sale 2 31-35.5% $11,75 $12, -7.7% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $4, Traditional Foreclosure/REO Short Sale $35, $3, $25, $2, $15, $1, $5, $ Data released on Monday, April 22, 213. Next data release is Wednesday, May 22, 213.