M O N T H LY H O U S I N G R E P O R T
2018
Monthly Indicators February 2018
New Listings were down 16.6 percent for single family homes and 33.3 percent for townhouse-condo properties. Pending Sales landed at 213 for single family homes and 56 for townhouse-condo properties. The Median Sales Price was up 9.2 percent to $402,500 for single family homes and 9.3 percent to $275,400 for townhouse-condo properties. Days on Market decreased 17.7 percent for single family homes but increased 27.8 percent for townhouse-condo properties. In February, prevailing mortgage rates continued to rise. This has a notable impact on housing affordability and can leave consumers choosing between higher payments or lower-priced homes. According to the Mortgage Bankers Association, the average rate for 30-year fixed-rate mortgages with a 20 percent down payment that qualify for backing by Fannie Mae and Freddie Mac rose to its highest level since January 2014. A 4.5 or 4.6 percent rate might not seem high to those with extensive real estate experience, but it is newly high for many potential first-time home buyers. Upward rate pressure is likely to continue as long as the economy fares well.
Activity Snapshot + 1.2%
- 17.7%
+ 9.2%
One-Year Change in Single Family Sold Listings
One-Year Change in Single Family Days On Market
One-Year Change in Single Familly Median Sales Price
Residential real estate activity in Area 9, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.
Single Family Activity Overview Townhouse-Condo Activity Overview New Listings Pending Sales Sold Listings Median Sales Price Average Sales Price Percent of List Price Received Days on Market Until Sale Housing Affordability Index Active Listings Months Supply of Inventory All Properties Activity Overview Sold Listings and Inventory by Price Range Glossary of Terms
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Click on desired metric to jump to that page. Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime.
Single Family Activity Overview Key metrics for Single Family by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 2-2015
2-2016
2-2017
Under Contract
2-2016
2-2017
Sold Listings 2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
491
454
- 7.5%
231
213
- 7.8%
430
425
- 1.2%
--
--
--
--
--
--
168
170
+ 1.2%
312
332
+ 6.4%
$368,747
$402,500
+ 9.2%
$365,000
$390,000
+ 6.8%
$409,766
$445,152
+ 8.6%
$402,294
$436,275
+ 8.4%
99.4%
98.9%
- 0.5%
99.3%
98.9%
- 0.4%
96
79
- 17.7%
92
83
- 9.8%
95
86
- 9.5%
96
89
- 7.3%
347
319
- 8.1%
--
--
--
1.4
1.2
- 14.3%
--
--
--
2-2018
Affordability Index 2-2015
- 16.6%
2-2018
Days on Market 2-2015
231
2-2018
Pct. of List Price Received 2-2015
277
Percent Change
2-2018
Avg. Sales Price 2-2015
YTD-2017 YTD-2018
2-2018
Median Sales Price 2-2015
Percent Change
2-2018
Not enough historical data for chart
2-2015
2-2018
2-2018
Pending Sales 2-2015
2-2017
2-2018
Active Listings 2-2015
2-2016
2-2017
2-2018
2-2015
2-2016
2-2017
2-2018
Months Supply
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 2
Townhouse-Condo Activity Overview Key metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 2-2015
2-2016
2-2017
Under Contract
2-2016
2-2017
Sold Listings 2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
150
122
- 18.7%
89
56
- 37.1%
167
116
- 30.5%
--
--
--
--
--
--
64
52
- 18.8%
104
99
- 4.8%
$252,000
$275,400
+ 9.3%
$262,313
$272,000
+ 3.7%
$266,891
$280,053
+ 4.9%
$274,975
$290,971
+ 5.8%
100.1%
99.2%
- 0.9%
99.8%
98.9%
- 0.9%
72
92
+ 27.8%
77
83
+ 7.8%
139
125
- 10.1%
134
127
- 5.2%
76
75
- 1.3%
--
--
--
1.1
1.0
- 9.1%
--
--
--
2-2018
Affordability Index 2-2015
- 33.3%
2-2018
Days on Market 2-2015
50
2-2018
Pct. of List Price Received 2-2015
75
Percent Change
2-2018
Avg. Sales Price 2-2015
YTD-2017 YTD-2018
2-2018
Median Sales Price 2-2015
Percent Change
2-2018
Not enough historical data for chart
2-2015
2-2018
2-2018
Pending Sales 2-2015
2-2017
2-2018
Active Listings 2-2015
2-2016
2-2017
2-2018
2-2015
2-2016
2-2017
2-2018
Months Supply
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
February 277 254
469
231
491 454
150
75 51
50
91
2016
2017
2018
2016
2017
2018
2016
2017
2018
2016
- 11.2%
+ 9.1%
- 16.6%
- 28.2%
+ 47.1%
- 33.3%
- 5.6%
+ 4.7%
- 7.5%
- 33.1%
Single Family
Townhouse-Condo
122
Single Family
2017
2018
+ 64.8% - 18.7%
New Listings
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
389
+22.7%
115
+51.3%
Apr-2017
377
+0.3%
76
-22.4%
May-2017
409
+3.8%
129
+18.3%
Jun-2017
499
+16.0%
103
+2.0%
Jul-2017
411
+14.8%
72
-11.1%
Aug-2017
408
+20.0%
106
-15.9%
Sep-2017
300
+7.1%
87
+1.2%
Oct-2017
268
+2.7%
66
+6.5%
Nov-2017
189
+7.4%
56
+40.0%
Dec-2017
147
+11.4%
32
-50.8%
Jan-2018
223
+4.2%
72
-4.0%
Feb-2018
231
-16.6%
50
-33.3%
12-Month Avg
321
+8.3%
80
-3.0%
Townhouse-Condo
Historical New Listings by Month
Single Family
Townhouse-Condo
600
500
400
300
200
100
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
February
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
317
+13.2%
99
+39.4%
Apr-2017
322
-0.3%
78
+9.9%
May-2017
317
-3.4%
120
+20.0%
Jun-2017
314
-2.2%
79
-8.1%
Jul-2017
310
+4.0%
61
-18.7%
Aug-2017
261
-5.1%
74
-21.3%
Sep-2017
248
+4.2%
78
+25.8%
Oct-2017
233
+5.4%
63
-14.9%
Nov-2017
197
+4.2%
53
+26.2%
Dec-2017
167
+27.5%
45
-4.3%
Jan-2018
212
+6.5%
60
-23.1%
Feb-2018
213
-7.8%
56
-37.1%
12-Month Avg
259
+2.5%
72
-2.6%
Pending Sales
231 423
213
210
430
425
89
167 56
54
2016
2018
2016
2017
2018
2016
2017
2018
2016
- 7.8%
- 28.0%
+ 64.8%
- 37.1%
- 3.6%
+ 1.7%
- 1.2%
- 26.9%
2017
- 17.6% + 10.0%
Single Family
Townhouse-Condo
116
106
Single Family
2017
2018
+ 57.5% - 30.5%
Townhouse-Condo
Historical Pending Sales by Month
Single Family
Townhouse-Condo
400
300
200
100
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 5
Sold Listings A count of the actual sales that closed in a given month.
Year to Date
February
332
331 312
180 170
168
64
104
52
99
71
33
2016
2017
2018
2016
2017
2018
2016
2017
2018
2016
2017
2018
+ 7.1%
- 6.7%
+ 1.2%
- 48.4%
+ 93.9%
- 18.8%
- 4.9%
- 5.7%
+ 6.4%
- 30.4%
+ 46.5%
- 4.8%
Single Family
Townhouse-Condo
Single Family
Sold Listings
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
245
+3.4%
89
+11.3%
Apr-2017
255
+3.2%
85
+26.9%
May-2017
305
-1.6%
107
+44.6%
Jun-2017
354
+2.3%
100
+25.0%
Jul-2017
332
+5.1%
80
+8.1%
Aug-2017
326
+12.8%
72
-23.4%
Sep-2017
286
-0.3%
90
-3.2%
Oct-2017
273
+20.8%
63
-25.0%
Nov-2017
237
+14.5%
69
+35.3%
Dec-2017
213
-9.0%
58
+7.4%
Jan-2018
162
+12.5%
47
+17.5%
Feb-2018
170
+1.2%
52
-18.8%
12-Month Avg
263
+4.9%
76
+6.7%
Townhouse-Condo
Historical Sold Listings by Month
Single Family
Townhouse-Condo
400
300
200
100
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 6
Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Year to Date
February
Median Sales Price
$402,500
$390,000 $365,000
$368,747 $350,000
$340,000
$275,400 $236,620
$262,313
$252,000
$272,000
$234,500
2016
2017
2018
2016
2017
2018
2016
2017
2018
2016
2017
2018
+ 13.5%
+ 5.4%
+ 9.2%
- 6.5%
+ 6.5%
+ 9.3%
+ 13.3%
+ 7.4%
+ 6.8%
+ 2.7%
+ 11.9%
+ 3.7%
Single Family
Townhouse-Condo
Single Family
Townhouse-Condo
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
$379,950
+6.2%
$280,000
+4.1%
Apr-2017
$389,500
+11.9%
$271,600
+1.8%
May-2017
$395,500
+12.0%
$265,000
+5.2%
Jun-2017
$395,358
+6.6%
$268,500
+10.8%
Jul-2017
$378,000
+4.9%
$277,450
+10.3%
Aug-2017
$370,000
+4.5%
$246,500
-3.7%
Sep-2017
$361,250
-1.0%
$299,950
+19.5%
Oct-2017
$375,000
+7.1%
$267,900
+3.5%
Nov-2017
$375,000
+5.6%
$275,000
+5.8%
Dec-2017
$376,000
+3.1%
$275,200
-0.8%
Jan-2018
$375,000
+3.4%
$270,000
-0.6%
Feb-2018
$402,500
+9.2%
$275,400
+9.3%
12-Month Avg*
$380,500
+5.7%
$275,000
+6.4%
* Median Sales Price for all properties from March 2017 through February 2018. This is not the average of the individual figures above.
Historical Median Sales Price by Month
Single Family
Townhouse-Condo
$500,000
$400,000
$300,000
$200,000
$100,000 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
February
Avg. Sales Price
$436,275
$445,152 $402,372 $409,766
$384,114
$266,891
$402,294
$274,975
$280,053
$290,971
$236,452
$235,481
2016
2017
2018
2016
2017
2018
2016
2017
2018
2016
2017
2018
+ 18.5%
+ 1.8%
+ 8.6%
- 3.0%
+ 13.3%
+ 4.9%
+ 14.3%
+ 4.7%
+ 8.4%
+ 1.7%
+ 16.3%
+ 5.8%
Single Family
Townhouse-Condo
Single Family
Townhouse-Condo
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
$399,626
+3.0%
$305,609
+15.8%
Apr-2017
$427,013
+10.4%
$281,321
+1.5%
May-2017
$431,300
+9.9%
$281,463
+9.8%
Jun-2017
$431,129
+5.3%
$283,985
+7.3%
Jul-2017
$428,166
+5.4%
$290,560
+7.9%
Aug-2017
$406,138
+3.7%
$299,516
+17.5%
Sep-2017
$403,824
-3.2%
$315,498
+24.3%
Oct-2017
$423,502
+11.7%
$291,341
+6.7%
Nov-2017
$429,342
+8.4%
$281,587
-0.2%
Dec-2017
$446,774
+11.1%
$288,776
+1.3%
Jan-2018
$426,960
+8.5%
$303,051
+5.3%
Feb-2018
$445,152
+8.6%
$280,053
+4.9%
12-Month Avg*
$423,815
+6.4%
$291,853
+9.1%
* Avg. Sales Price for all properties from March 2017 through February 2018. This is not the average of the individual figures above.
Historical Average Sales Price by Month
Single Family
Townhouse-Condo
$500,000
$400,000
$300,000
$200,000
$100,000 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 8
Percent of List Price Received Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
Year to Date
February 99.1% 99.4% 98.9%
99.7% 100.1% 99.2%
Pct. of List Price Received
99.1% 99.3% 98.9%
99.7% 99.8% 98.9%
2016
2017
2018
2016
2017
2018
2016
2017
2018
2016
2017
2018
- 0.4%
+ 0.3%
- 0.5%
- 0.9%
+ 0.4%
- 0.9%
+ 0.1%
+ 0.2%
- 0.4%
- 0.5%
+ 0.1%
- 0.9%
Single Family
Townhouse-Condo
Single Family
Townhouse-Condo
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
99.8%
-0.3%
100.3%
-1.7%
Apr-2017
99.8%
-0.6%
100.8%
-2.4%
May-2017
100.6%
+0.2%
100.9%
-1.3%
Jun-2017
100.3%
-1.0%
100.6%
-2.4%
Jul-2017
99.6%
-1.0%
100.4%
-0.9%
Aug-2017
99.5%
-0.7%
100.0%
-1.3%
Sep-2017
99.1%
+0.1%
100.7%
-0.4%
Oct-2017
98.8%
-0.4%
99.5%
-1.9%
Nov-2017
98.7%
-0.2%
99.1%
-1.1%
Dec-2017
98.3%
-0.6%
98.8%
-1.1%
Jan-2018
99.0%
-0.2%
98.6%
-0.7%
Feb-2018
98.9%
-0.5%
99.2%
-0.9%
12-Month Avg*
99.9%
-0.5%
101.4%
-1.3%
* Pct. of List Price Received for all properties from March 2017 through February 2018. This is not the average of the individual figures above.
Historical Percent of List Price Received by Month
Single Family
Townhouse-Condo
104%
102%
100%
98%
96%
94% 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 9
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
Year to Date
February
Single Family
Year-Over-Year Change
Mar-2017
71
-15.5%
81
-29.6%
Apr-2017
75
-3.8%
97
-11.0%
May-2017
65
-8.5%
73
+25.9%
Jun-2017
63
-8.7%
55
-11.3%
Jul-2017
66
+3.1%
74
+21.3%
Aug-2017
69
+4.5%
82
+36.7%
Sep-2017
71
0.0%
122
+45.2%
Oct-2017
73
0.0%
70
-20.5%
Nov-2017
73
-3.9%
64
-9.9%
Dec-2017
79
-10.2%
84
-11.6%
Jan-2018
88
0.0%
72
-15.3%
Feb-2018
79
-17.7%
92
+27.8%
12-Month Avg
71
-5.1%
80
+1.1%
Days on Market
92
91
83
96
83 77
92
87 79
64
72 50
2016
2017
2018
2016
- 9.4%
+ 10.3%
- 17.7%
- 33.3%
Single Family
2017
2018
+ 44.0% + 27.8%
2016
2017
2018
2016
2017
2018
- 6.2%
+ 1.1%
- 9.8%
- 15.8%
+ 20.3%
+ 7.8%
Townhouse-Condo
Single Family
Townhouse-Condo
TownhouseCondo
Year-Over-Year Change
* Days on Market for all properties from March 2017 through February 2018. This is not the average of the individual figures above.
Historical Days on Market Until Sale by Month
Single Family
Townhouse-Condo
200
175
150
125
100
75
50
25 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 10
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
February
Year to Date
Single Family
Affordability Index
157
155 139
134
125
127
108
105
96
95
89
86
2016
2017
2018
2016
2017
2018
2016
- 12.5%
- 9.5%
- 9.5%
+ 6.2%
- 10.3%
- 10.1%
- 12.2%
Single Family
Townhouse-Condo
2017
- 11.1%
2018
- 7.3%
Single Family
2016
- 3.1%
2017
- 14.6%
2018
- 5.2%
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
92
-9.8%
125
-8.1%
Apr-2017
92
-12.4%
131
-4.4%
May-2017
91
-12.5%
136
-6.2%
Jun-2017
91
-9.0%
134
-13.0%
Jul-2017
95
-7.8%
130
-12.2%
Aug-2017
98
-6.7%
148
+2.1%
Sep-2017
101
-1.0%
121
-18.2%
Oct-2017
95
-11.2%
133
-8.3%
Nov-2017
96
-5.0%
131
-4.4%
Dec-2017
95
0.0%
130
+4.8%
Jan-2018
92
-2.1%
128
+1.6%
Feb-2018
86
-9.5%
125
-10.1%
12-Month Avg
94
-14.9%
101
-11.0%
Townhouse-Condo
Historical Housing Affordability Index by Month
Single Family
Townhouse-Condo
300
250
200
150
100
50 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 11
Inventory of Active Listings The number of properties available for sale in active status at the end of a given month.
February
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
381
-9.9%
87
+45.0%
Apr-2017
401
-8.9%
81
0.0%
May-2017
459
+0.4%
83
-4.6%
Jun-2017
576
+9.9%
98
+1.0%
Jul-2017
596
+12.5%
100
+3.1%
Aug-2017
658
+23.2%
118
-5.6%
Sep-2017
619
+21.1%
117
-14.6%
Oct-2017
560
+16.7%
106
-10.9%
Nov-2017
472
+14.6%
102
-5.6%
Dec-2017
384
+9.4%
87
-25.0%
Jan-2018
333
-1.2%
84
-13.4%
Feb-2018
319
-8.1%
75
-1.3%
12-Month Avg*
480
+7.7%
95
-5.2%
Active Listings
412 347
319
58
76
75
2016
2017
2018
2016
2017
2018
- 4.4%
- 15.8%
- 8.1%
- 18.3%
+ 31.0%
- 1.3%
Single Family
Townhouse-Condo
* Active Listings for all properties from March 2017 through February 2018. This is not the average of the individual figures above.
Historical Inventory of Active Listings by Month
Single Family
Townhouse-Condo
1,400
1,200
1,000
800
600
400
200
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.
February
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2017
1.5
Apr-2017
1.6
-11.8%
1.2
+33.3%
-5.9%
1.1
-15.4%
May-2017
1.8
0.0%
1.1
-21.4%
Jun-2017
2.3
+15.0%
1.3
-13.3%
Jul-2017
2.3
+9.5%
1.3
-18.8%
Aug-2017
2.6
+23.8%
1.5
-25.0%
Sep-2017
2.4
+20.0%
1.5
-28.6%
Oct-2017
2.1
+10.5%
1.4
-22.2%
Nov-2017
1.8
+12.5%
1.3
-18.8%
Dec-2017
1.5
+7.1%
1.1
-35.3%
Jan-2018
1.3
0.0%
1.1
-21.4%
Feb-2018
1.2
-14.3%
1.0
-9.1%
12-Month Avg*
1.9
+6.7%
1.2
-18.0%
Months Supply
1.6 1.4 1.2 1.1
1.0
0.9
2016
0.0%
2017
2018
2016
- 12.5%
- 14.3%
- 10.0%
Single Family
2017
2018
+ 22.2%
- 9.1%
Townhouse-Condo
* Months Supply for all properties from March 2017 through February 2018. This is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
Single Family
Townhouse-Condo
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 13
All Properties Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 2-2015
2-2016
2-2017
Under Contract
2-2016
2-2017
Sold Listings 2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
2-2016
2-2017
641
576
- 10.1%
320
269
- 15.9%
167
116
- 30.5%
--
--
--
--
--
--
232
222
- 4.3%
416
431
+ 3.6%
$340,000
$374,350
+ 10.1%
$340,501
$367,000
+ 7.8%
$370,352
$406,480
+ 8.8%
$370,464
$402,899
+ 8.8%
99.6%
99.0%
- 0.6%
99.5%
98.9%
- 0.6%
89
82
- 5.7%
88
83
- 5.7%
103
92
- 8.6%
103
94
- 8.6%
423
394
- 6.9%
--
--
--
1.3
1.2
- 11.5%
--
--
--
2-2018
Affordability Index 2-2015
- 20.2%
2-2018
Days on Market 2-2015
281
2-2018
Pct. of List Price Received 2-2015
352
Percent Change
2-2018
Avg. Sales Price 2-2015
YTD-2017 YTD-2018
2-2018
Median Sales Price 2-2015
Percent Change
2-2018
Not enough historical data for chart
2-2015
2-2018
2-2018
Pending Sales 2-2015
2-2017
2-2018
Active Listings 2-2015
2-2016
2-2017
2-2018
2-2015
2-2016
2-2017
2-2018
Months Supply
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 14
Sold Listings Actual sales that have closed in a given quarter.
By Price Range – All Properties – Rolling 12 Months 1,005 9
16
249
1,423
2-2017
1,643
803
626
789
175
3,011 415
446
111
+ 77.8%
- 29.7%
- 20.1%
+ 15.5%
+ 26.0%
+ 7.5%
< $100K
$100K to $199K
$200K to $299K
$300K to $399K
$400K to $499K
$500K to $699K
2-2017 9 87 558 1,215 603 403 108 28 0 3,011
2-2018 16 76 341 1,359 748 432 135 48 3 3,158
Change + 77.8% - 12.6% - 38.9% + 11.9% + 24.0% + 7.2% + 25.0% + 71.4% -+ 4.9%
2-2017 0 162 447 208 23 12 3 0 0 855
2-2018 0 99 462 284 41 14 7 5 0 912
142
+ 27.9% $700K to $999K
Rolling 12 Months Single Family Townhouse-Condo By Price Range $99,999 and Below $100,000 to $199,999 $200,000 to $299,999 $300,000 to $399,999 $400,000 to $499,999 $500,000 to $699,999 $700,000 to $999,999 $1,000,000 to $1,999,999 $2,000,000 and Above All Price Ranges
By Property Type
2-2018
28
53
0
1-2018 0 5 19 73 32 21 8 4 0 162
2-2018 0 2 13 65 49 31 7 3 0 170
+ 89.3%
--
+ 4.9%
$2.0M+
Singe Family
1-2018 0 6 23 13 2 2 0 1 0 47
2-2018 0 9 24 16 2 1 0 0 0 52
3,866
Change -+ 50.0% + 4.3% + 23.1% 0.0% - 50.0% -- 100.0% -+ 10.6%
+ 6.7%
2-2017 1 9 37 143 65 38 18 1 0 312
2-2018 0 7 32 138 81 52 15 7 0 332
+ 5.3%
Townhouse-Condo
Single Family
4,070
912
855
$1.0M to $1.9M
Change -- 60.0% - 31.6% - 11.0% + 53.1% + 47.6% - 12.5% - 25.0% -+ 4.9%
2-2018
3,158
3
Compared to Prior Month Single Family Townhouse-Condo
Change -- 38.9% + 3.4% + 36.5% + 78.3% + 16.7% + 133.3% --+ 6.7%
2-2017
All Properties
Year to Date Townhouse-Condo
Change - 100.0% - 22.2% - 13.5% - 3.5% + 24.6% + 36.8% - 16.7% + 600.0% -+ 6.4%
2-2017 0 18 51 30 1 4 0 0 0 104
2-2018 0 15 47 29 4 3 0 1 0 99
Change -- 16.7% - 7.8% - 3.3% + 300.0% - 25.0% ---- 4.8%
Inventory of Active Listings A measure of the number of homes available for sale at a given time.
By Price Range – All Properties
7
5
23
46
29
2-2017
90 31
68
100
89
347 74
78
54
60
- 28.6%
+ 26.1%
- 32.6%
- 24.4%
- 11.0%
+ 5.4%
+ 11.1%
< $100K
$100K to $199K
$200K to $299K
$300K to $399K
$400K to $499K
$500K to $699K
$700K to $999K
Single Family By Price Range $99,999 and Below $100,000 to $199,999 $200,000 to $299,999 $300,000 to $399,999 $400,000 to $499,999 $500,000 to $699,999 $700,000 to $999,999 $1,000,000 to $1,999,999 $2,000,000 and Above All Price Ranges
2-2017 7 20 21 64 90 73 47 20 5 347
2-2018 5 21 12 50 76 71 51 25 8 319
Year over Year Townhouse-Condo
Change - 28.6% + 5.0% - 42.9% - 21.9% - 15.6% - 2.7% + 8.5% + 25.0% + 60.0% - 8.1%
2-2017 0 3 25 26 10 1 7 4 0 76
2-2018 0 8 19 18 13 7 9 1 0 75
By Property Type
2-2018
Change -+ 166.7% - 24.0% - 30.8% + 30.0% + 600.0% + 28.6% - 75.0% -- 1.3%
24
26
+ 8.3%
76
+ 60.0%
- 8.1%
$2.0M+
Singe Family
Compared to Prior Month Single Family Townhouse-Condo 1-2018 5 21 19 53 75 73 57 23 7 333
2-2018 5 21 12 50 76 71 51 25 8 319
Change 0.0% 0.0% - 36.8% - 5.7% + 1.3% - 2.7% - 10.5% + 8.7% + 14.3% - 4.2%
1-2018 0 4 24 24 14 8 9 1 0 84
2-2018 0 8 19 18 13 7 9 1 0 75
Change -+ 100.0% - 20.8% - 25.0% - 7.1% - 12.5% 0.0% 0.0% -- 10.7%
2-2018
423
319
8
5
$1.0M to $1.9M
2-2017
75 - 1.3%
Townhouse-Condo
Single Family
394
- 6.9% All Properties
Year to Date Townhouse-Condo
There are no year-to-date figures for inventory because it is simply a snapshot frozen in time at the end of each month. It does not add up over a period of months.
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime. | 15
Glossary of Terms A research tool provided by the Colorado Association of REALTORSÂŽ
New Listings
A measure of how much new supply is coming onto the market from sellers (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).
Pending Sales
A count of all the listings that went into Pending status during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand.
Under Contract Activity
A count of all listings Under Contract during the reported period. Listings that go Under Contract are counted each day. There is no maximum number of times a listing can be counted as Under Contract. For example, if a listing goes into Under Contract, out of Under Contract, then back into Under Contract all in one reported period, this listing would be counted twice.
Sold Listings
A measure of home sales that were closed to completion during the report period.
Median Sales Price
A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.
Average Sales Price
A sum of all home sales prices divided by total number of sales.
Percent of List Price Received
A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.
Days on Market Until Sale
A measure of how long it takes homes to sell, on average.
Housing Affordability Index
A measure of how affordable a regionâ&#x20AC;&#x2122;s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and median income by county.
Active Listings
A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.
Months Supply of Inventory
A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale.
Current as of March 6, 2018. All data from IRES, LLC. Report Š 2018 ShowingTime. | 16
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Berthoud February
Single Family
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
57
23
- 59.6%
108
57
- 47.2%
Closed Sales
15
12
- 20.0%
29
26
- 10.3%
Median Sales Price*
$374,500
$434,227
+ 15.9%
$374,500
$412,638
+ 10.2%
Average Sales Price*
$436,182
$493,911
+ 13.2%
$411,656
$453,593
+ 10.2%
99.6%
99.7%
+ 0.1%
99.2%
99.8%
+ 0.6%
Days on Market Until Sale
105
157
+ 49.5%
96
119
+ 24.0%
Inventory of Homes for Sale
71
69
- 2.8%
--
--
--
Months Supply of Inventory
4.1
1.9
- 53.7%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
9
1
- 88.9%
11
8
- 27.3%
Closed Sales
0
1
--
1
1
0.0%
Median Sales Price*
$0
$274,000
--
$338,118
$274,000
- 19.0%
Average Sales Price*
$0
$274,000
--
$338,118
$274,000
- 19.0%
0.0%
99.3%
--
105.1%
99.3%
- 5.5%
Days on Market Until Sale
0
18
--
157
18
- 88.5%
Inventory of Homes for Sale
7
7
0.0%
--
--
--
Months Supply of Inventory
3.3
3.3
0.0%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Berthoud —
Entire MLS — Berthoud —
$400,000
$325,000
$375,000
$300,000
$350,000
$275,000
$325,000
$250,000
$300,000
$225,000
$275,000
$200,000
$250,000
$175,000
$225,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$150,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Boulder February
Single Family
Year to Date Percent Change from Previous Year
Percent Change from Previous Year
Key Metrics
2017
2018
New Listings
91
93
+ 2.2%
179
177
- 1.1%
Closed Sales
37
56
+ 51.4%
102
106
+ 3.9%
Median Sales Price*
$810,100
$796,000
- 1.7%
$813,750
$872,500
+ 7.2%
Average Sales Price*
$929,798
$961,503
+ 3.4%
$930,475
$1,071,867
+ 15.2%
97.0%
99.9%
+ 3.0%
97.2%
98.3%
+ 1.1%
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Days on Market Until Sale
83
66
- 20.5%
90
87
- 3.3%
Inventory of Homes for Sale
156
115
- 26.3%
--
--
--
Months Supply of Inventory
2.0
1.4
- 30.0%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date Percent Change from Previous Year
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
Key Metrics
2017
2018
New Listings
87
67
- 23.0%
140
135
- 3.6%
Closed Sales
34
44
+ 29.4%
66
89
+ 34.8%
Median Sales Price*
$393,500
$473,000
+ 20.2%
$395,000
$475,000
+ 20.3%
Average Sales Price*
$452,085
$489,588
+ 8.3%
$466,823
$512,661
+ 9.8%
100.5%
100.1%
- 0.4%
99.7%
99.8%
+ 0.1%
Days on Market Until Sale
44
51
+ 15.9%
55
55
0.0%
Inventory of Homes for Sale
57
75
+ 31.6%
--
--
--
Months Supply of Inventory
1.0
1.3
+ 30.0%
--
--
--
Percent of List Price Received*
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Boulder —
$900,000
Entire MLS — Boulder — $500,000
$800,000 $400,000
$700,000 $600,000
$300,000 $500,000 $400,000
$200,000
$300,000 $200,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$100,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Fort Collins February
Single Family
Year to Date Percent Change from Previous Year
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
Key Metrics
2017
2018
New Listings
209
181
- 13.4%
385
343
- 10.9%
Closed Sales
124
138
+ 11.3%
227
273
+ 20.3%
Median Sales Price*
$393,750
$403,295
+ 2.4%
$385,440
$396,200
+ 2.8%
Average Sales Price*
$420,776
$448,105
+ 6.5%
$420,396
$449,811
+ 7.0%
99.5%
99.1%
- 0.4%
99.3%
99.1%
- 0.2%
Percent of List Price Received* Days on Market Until Sale
71
69
- 2.8%
72
79
+ 9.7%
Inventory of Homes for Sale
233
183
- 21.5%
--
--
--
Months Supply of Inventory
1.2
0.9
- 25.0%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
65
48
- 26.2%
121
109
- 9.9%
Closed Sales
58
47
- 19.0%
91
90
- 1.1%
Median Sales Price*
$256,125
$295,000
+ 15.2%
$274,000
$275,000
+ 0.4%
Average Sales Price*
$269,391
$283,535
+ 5.3%
$279,909
$295,562
+ 5.6%
100.0%
99.2%
- 0.8%
100.1%
98.9%
- 1.2%
Days on Market Until Sale
70
90
+ 28.6%
76
81
+ 6.6%
Inventory of Homes for Sale
61
69
+ 13.1%
--
--
--
Months Supply of Inventory
0.9
1.0
+ 11.1%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Fort Collins —
$400,000
Entire MLS — Fort Collins — $300,000
$375,000
$275,000
$350,000 $250,000 $325,000 $225,000 $300,000 $200,000 $275,000 $175,000
$250,000 $225,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$150,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Greeley February
Single Family
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
106
124
+ 17.0%
Closed Sales
87
86
- 1.1%
Median Sales Price*
$265,000
$292,450
+ 10.4%
Average Sales Price*
$278,029
$308,085
+ 10.8%
99.6%
99.7%
Days on Market Until Sale
74
Inventory of Homes for Sale
95
Months Supply of Inventory
0.7
Percent of List Price Received*
Thru 02-2018
Percent Change from Previous Year
201
245
+ 21.9%
171
167
- 2.3%
$265,000
$285,750
+ 7.8%
$281,903
$302,174
+ 7.2%
+ 0.1%
99.8%
99.8%
0.0%
51
- 31.1%
69
54
- 21.7%
87
- 8.4%
--
--
--
0.7
0.0%
--
--
--
Thru 02-2017
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
35
23
- 34.3%
62
46
- 25.8%
Closed Sales
20
8
- 60.0%
46
23
- 50.0%
Median Sales Price*
$212,500
$238,250
+ 12.1%
$220,000
$210,000
- 4.5%
Average Sales Price*
$219,039
$251,188
+ 14.7%
$217,497
$224,909
+ 3.4%
99.9%
99.8%
- 0.1%
99.8%
99.8%
0.0%
Days on Market Until Sale
69
44
- 36.2%
89
39
- 56.2%
Inventory of Homes for Sale
20
19
- 5.0%
--
--
--
Months Supply of Inventory
0.8
0.9
+ 12.5%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Greeley —
$400,000
Entire MLS — Greeley — $300,000
$350,000 $250,000 $300,000 $200,000 $250,000 $150,000 $200,000
$150,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$100,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Johnstown February
Single Family
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
36
43
+ 19.4%
Closed Sales
28
20
- 28.6%
Median Sales Price*
$351,312
$367,500
+ 4.6%
$337,500
$402,300
+ 19.2%
Average Sales Price*
$353,925
$391,237
+ 10.5%
$345,892
$408,060
+ 18.0%
99.5%
99.8%
+ 0.3%
99.3%
100.9%
+ 1.6%
Percent of List Price Received*
Thru 02-2018
Percent Change from Previous Year
63
71
+ 12.7%
59
40
- 32.2%
Thru 02-2017
Days on Market Until Sale
100
47
- 53.0%
97
58
- 40.2%
Inventory of Homes for Sale
52
48
- 7.7%
--
--
--
Months Supply of Inventory
1.5
1.2
- 20.0%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date Percent Change from Previous Year
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
Key Metrics
2017
2018
New Listings
5
6
+ 20.0%
5
7
+ 40.0%
Closed Sales
1
0
- 100.0%
3
4
+ 33.3%
Median Sales Price*
$250,000
$0
- 100.0%
$342,000
$296,385
- 13.3%
Average Sales Price*
$250,000
$0
- 100.0%
$311,333
$299,443
- 3.8%
100.0%
0.0%
- 100.0%
100.4%
99.5%
- 0.9%
Percent of List Price Received* Days on Market Until Sale
25
0
- 100.0%
101
36
- 64.4%
Inventory of Homes for Sale
5
3
- 40.0%
--
--
--
Months Supply of Inventory
2.6
1.4
- 46.2%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Johnstown —
$400,000
Entire MLS — Johnstown — $300,000 $280,000
$350,000
$260,000 $240,000
$300,000 $220,000 $200,000
$250,000
$180,000 $200,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$160,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Longmont February
Single Family
Thru 02-2017
Percent Change from Previous Year
Key Metrics
2017
New Listings
109
91
- 16.5%
204
187
- 8.3%
Closed Sales
57
67
+ 17.5%
110
137
+ 24.5%
Median Sales Price*
$400,000
$426,900
+ 6.7%
$377,450
$434,900
+ 15.2%
Average Sales Price*
$435,880
$490,505
+ 12.5%
$439,679
$471,520
+ 7.2%
99.6%
99.3%
- 0.3%
99.6%
98.8%
- 0.8%
Percent of List Price Received*
2018
Year to Date Percent Change from Previous Year
Thru 02-2018
Days on Market Until Sale
58
70
+ 20.7%
60
72
+ 20.0%
Inventory of Homes for Sale
151
138
- 8.6%
--
--
--
Months Supply of Inventory
1.4
1.2
- 14.3%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
36
21
- 41.7%
66
44
- 33.3%
Closed Sales
26
22
- 15.4%
39
41
+ 5.1%
Median Sales Price*
$296,750
$331,775
+ 11.8%
$279,000
$328,362
+ 17.7%
Average Sales Price*
$310,607
$332,783
+ 7.1%
$317,975
$339,318
+ 6.7%
101.5%
100.0%
- 1.5%
101.0%
100.4%
- 0.6%
Days on Market Until Sale
99
75
- 24.2%
88
68
- 22.7%
Inventory of Homes for Sale
33
22
- 33.3%
--
--
--
Months Supply of Inventory
1.2
0.7
- 41.7%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Longmont —
$450,000
Entire MLS — Longmont — $325,000 $300,000
$400,000 $275,000 $350,000
$250,000 $225,000
$300,000
$200,000 $250,000 $175,000 $200,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$150,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Loveland February
Single Family
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
148
111
- 25.0%
Closed Sales
71
67
- 5.6%
Median Sales Price*
$348,500
$355,000
+ 1.9%
$334,056
$356,135
+ 6.6%
Average Sales Price*
$374,589
$407,204
+ 8.7%
$367,530
$425,982
+ 15.9%
100.1%
99.3%
- 0.8%
99.6%
99.2%
- 0.4%
Percent of List Price Received*
Thru 02-2018
Percent Change from Previous Year
264
205
- 22.3%
152
151
- 0.7%
Thru 02-2017
Days on Market Until Sale
69
81
+ 17.4%
70
82
+ 17.1%
Inventory of Homes for Sale
192
141
- 26.6%
--
--
--
Months Supply of Inventory
1.5
1.1
- 26.7%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
15
31
+ 106.7%
28
49
+ 75.0%
Closed Sales
14
20
+ 42.9%
28
36
+ 28.6%
Median Sales Price*
$265,000
$287,950
+ 8.7%
$263,950
$286,200
+ 8.4%
Average Sales Price*
$274,564
$320,253
+ 16.6%
$273,678
$306,098
+ 11.8%
100.4%
99.4%
- 1.0%
99.9%
99.9%
0.0%
Days on Market Until Sale
55
131
+ 138.2%
73
118
+ 61.6%
Inventory of Homes for Sale
26
35
+ 34.6%
--
--
--
Months Supply of Inventory
1.3
1.7
+ 30.8%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Loveland —
$400,000
Entire MLS — Loveland — $300,000
$275,000 $350,000 $250,000
$300,000
$225,000
$200,000 $250,000 $175,000
$200,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$150,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Wellington February
Single Family
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
40
15
- 62.5%
58
39
- 32.8%
Closed Sales
24
15
- 37.5%
48
28
- 41.7%
Median Sales Price*
$324,680
$337,975
+ 4.1%
$311,200
$338,988
+ 8.9%
Average Sales Price*
$343,533
$380,395
+ 10.7%
$319,752
$355,033
+ 11.0%
101.5%
99.1%
- 2.4%
101.6%
99.4%
- 2.2%
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
Days on Market Until Sale
118
79
- 33.1%
110
78
- 29.1%
Inventory of Homes for Sale
25
17
- 32.0%
--
--
--
Months Supply of Inventory
0.7
0.5
- 28.6%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
8
1
- 87.5%
25
11
- 56.0%
Closed Sales
5
3
- 40.0%
10
6
- 40.0%
Median Sales Price*
$252,900
$275,900
+ 9.1%
$252,000
$275,400
+ 9.3%
Average Sales Price*
$259,265
$275,567
+ 6.3%
$258,063
$254,283
- 1.5%
100.9%
99.9%
- 1.0%
100.6%
99.8%
- 0.8%
Days on Market Until Sale
112
153
+ 36.6%
84
100
+ 19.0%
Inventory of Homes for Sale
11
4
- 63.6%
--
--
--
Months Supply of Inventory
2.2
0.7
- 68.2%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Wellington —
$400,000
Entire MLS — Wellington — $300,000
$350,000 $250,000 $300,000 $200,000 $250,000 $150,000 $200,000
$150,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$100,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.
Local Market Update for February 2018 A Research Tool Provided by the Colorado Association of REALTORS®
Windsor February
Single Family
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
73
77
+ 5.5%
182
152
- 16.5%
Closed Sales
46
48
+ 4.3%
79
90
+ 13.9%
Median Sales Price*
$377,155
$381,775
+ 1.2%
$374,742
$389,876
+ 4.0%
Average Sales Price*
$424,403
$438,640
+ 3.4%
$424,492
$450,201
+ 6.1%
100.1%
99.6%
- 0.5%
99.6%
99.4%
- 0.2%
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
Days on Market Until Sale
88
107
+ 21.6%
91
104
+ 14.3%
Inventory of Homes for Sale
188
180
- 4.3%
--
--
--
Months Supply of Inventory
2.8
2.8
0.0%
--
--
--
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
February
Townhouse-Condo
Year to Date
Key Metrics
2017
2018
Percent Change from Previous Year
New Listings
7
22
Closed Sales
8
7
Median Sales Price*
$284,518
$257,000
- 9.7%
$287,882
$300,315
+ 4.3%
Average Sales Price*
$258,996
$289,718
+ 11.9%
$271,178
$307,898
+ 13.5%
101.1%
101.6%
+ 0.5%
100.3%
102.0%
+ 1.7%
Days on Market Until Sale
92
123
+ 33.7%
115
122
+ 6.1%
Inventory of Homes for Sale
11
29
+ 163.6%
--
--
--
Months Supply of Inventory
1.4
3.9
+ 178.6%
--
--
--
Percent of List Price Received*
Thru 02-2017
Thru 02-2018
Percent Change from Previous Year
+ 214.3%
11
29
+ 163.6%
- 12.5%
16
12
- 25.0%
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single Family Rolling 12-Month Calculation
Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Windsor —
Entire MLS — Windsor —
$450,000
$350,000
$400,000
$300,000
$350,000
$250,000
$300,000
$200,000
$250,000
$150,000
$200,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
$100,000 1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
Current as of March 6, 2018. All data from IRES, LLC. Report © 2018 ShowingTime.