ly Market Detail - September 215 Summary Statistics September 215 September 214 Paid in Cash 26 52.9% 21 23.5% New Pending Sales 26-34.6% 27-37.% $94, $6, 56.7% Average Sale Price $1,215 $63,7 57.3% Median Days on Market 4 153 13.7% Average Percent of Original List Price Received 87.8% 88.3% -.6% Pending Inventory Inventory (Active Listings) 25 68 26-3.8% 12-43.3% s Supply of Inventory 2.4 4.3-44.8% 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. September 215 26 52.9% August 215 2 33.3% July 215 28 June 215 18 May 215 32 April 215 46 March 215 4 February 215 26 January 215 31 December 214 33 November 214 2 October 214 27 September 214 4.% 63.6% 3.2% -2.7% -29.8% -29.7% 55.% 83.3% -31.% 8.%.% 8 211 212 213 214 215 6 4 2 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
Pct. of Closed Sales Paid in Cash Cash Sales ly Market Detail - September 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 September 215 21 23.5% August 215 16 6.7% July 215 25 25.% June 215 7.% May 215 31 6.9% April 215 46-19.3% March 215 36-33.3% February 215 24-31.4% January 215 28 47.4% December 214 31 93.8% November 214 2-23.1% October 214 24 2.% September 214.% 6 5 4 3 2 1 211 212 213 214 215 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 September 215 8.8% -19.2% August 215 8.% -2.% July 215 89.3% -1.7% June 215 94.4% 3.9% May 215 96.9% 3.6% April 215 1.% 1.8% March 215 9.% -5.% February 215 92.3% -2.4% 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.%.% 11% 1% 9% 8% 7% 211 212 213 214 215 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
Pending Sales ly Market Detail - September 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. September 215 August 215 July 215 June 215 May 215 April 215 March 215 February 215 January 215 December 214 November 214 October 214 September 214 New Pending Sales 28 15 24 34 39 41 43 29 31 21 26-34.6% 1.% -1.5% -6.3% 41.2% 25.9% -4.% -28.1% 7.5% 31.8% 47.6% -8.7% 3.% 8 211 212 213 214 215 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. September 215 August 215 July 215 June 215 May 215 April 215 March 215 February 215 January 215 December 214 November 214 October 214 September 214 24 18 26 32 43 42 47 35 36 27 27-37.%.% -15.% -5.3% 36.8% 28.% 3.3% -25.% -4.1% -28.6% -2.7% -25.% -15.6% 8 211 212 213 214 215 6 4 2 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
Average Sale Price ly Market Detail - September 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. September 215 $94, 56.7% August 215 $79, 11.3% July 215 $76, 21.7% June 215 $77,5 84.5% May 215 $87,15 4.5% April 215 $81,7 1.5% March 215 $79,5 3.2% February 215 $75,25 34.4% 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% $11K $9K $7K $5K $3K 211 212 213 214 215 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 September 215 $1,215 57.3% August 215 $91,835 12.6% July 215 $79,625 24.8% June 215 $9,547 48.5% May 215 $88,885 29.5% April 215 $85,335 4.1% March 215 $84,793 5.4% February 215 $83,223 27.4% 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% $11K $9K $7K $5K $3K 211 212 213 214 215 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
Avg. Pct. of Orig. List Price Received Median Days on Market ly Market Detail - September 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 September 215 4 13.7% August 215 85 6.3% July 215 48-51.5% June 215 6-22.1% May 215 42-47.5% April 215 35-5.7% March 215 5-33.3% February 215 63-3.8% 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% 4 3 2 1 211 212 213 214 215 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 September 215 87.8% -.6% August 215 88.7% 2.5% July 215 88.1% 4.% June 215 97.3% 9.1% May 215 91.2% 1.8% April 215 92.5% 5.5% March 215 89.9% 2.7% February 215 9.4% 7.% 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% 15% 211 212 213 214 215 95% 85% 75% 65% Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
s Supply of Inventory Inventory ly Market Detail - September 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 September 215 68-43.3% August 215 74-39.8% July 215 81-3.8% June 215 88-31.3% May 215 95-28.6% April 215 1-3.6% March 215 18-33.3% February 215 113-43.8% 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% 4 211 212 213 214 215 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 September 215 2.4-44.8% August 215 2.6-39.8% July 215 2.9-3.4% June 215 3.2-3.2% May 215 3.6-24.1% April 215 3.8-26.2% March 215 3.9-34.1% February 215 3.9-5.4% 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% 31. 26. 21. 16. 11. 6. 1. 211 212 213 214 215 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
Median Days on Market ly Market Detail - September 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. 12 1 8 6 4 2 Less than $5, September 214 September 215 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price Less than $5, 3-4.% $5, - $99,999 11 1.% $1, - $149,999 7 25.% $15, - $199,999 5 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 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. 35 3 25 2 15 1 5 Less than $5, September 214 September 215 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price $15, - $199,999 77 N/A $2, - $249,999 (No Sales) N/A $25, - $299,999 Median Days on Market (No Sales) Less than $5, 218 56.6% $5, - $99,999 147-14.% $1, - $149,999 19-38.9% 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 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 35 3 25 2 15 1 5 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
Inventory ly Market Detail - September 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. 14 12 1 8 6 4 2 Less than $5, September 214 September 215 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Initial Listing Price Less than $5, 3-25.% $5, - $99,999 4-66.7% $1, - $149,999 7-12.5% $15, - $199,999 2.% $2, - $249,999 1 N/A $25, - $299,999-1.% $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 14 12 1 8 6 4 2 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. 7 6 5 4 3 2 1 Less than $5, September 214 September 215 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Current Listing Price Inventory Less than $5, 5-66.7% $5, - $99,999 23-62.9% $1, - $149,999 28-22.2% $15, - $199,999 8 6.% $2, - $249,999 1 N/A $25, - $299,999-1.% $3, - $399,999 2 1.% $4, - $599,999 N/A $6, - $999,999 1 N/A $1,, or more N/A $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 7 6 5 4 3 2 1 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.
ly Distressed Market - September 215 September 215 September 214 Traditional 25 47.1% $98, $6, 63.3% Foreclosure/REO 1 N/A $36, (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, 211 212 213 214 215 Traditional Foreclosure/REO Short Sale $12, $1, $8, $6, $4, $2, $ 211 212 213 214 215 Data released on Thursday, October 22, 215. Next data release is Monday, November 23, 215.