Monthly Indicators December 2015
New Listings were down 4.7 percent for single family homes and 38.5 percent for townhouse-condo properties. Pending sales clocked in at 128 for single family homes and 46 for townhouse-condo properties. The Median Sales Price was up 8.4 percent to $340,900 for single family homes but decreased 5.6 percent to $207,750 for townhouse-condo properties. Days on Market increased 6.9 percent for single family homes but decreased 47.6 percent for condo properties. Gross Domestic Product increased at an annual rate near 2.0 percent to close 2015, and that rate is expected to increase next year. Residential real estate is considered a healthy piece of the national economy. Contributing factors from within the industry include better lending standards and foreclosures falling back to more traditional levels. Declining unemployment, higher wages and low fuel prices have also conspired to improve personal budgets.
Activity Snapshot + 21.3%
+ 6.9%
+ 8.4%
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 January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K.
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 12-2012
12-2013
12-2014
Under Contract
12-2013
12-2014
Sold Listings 12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
3,751
3,791
+ 1.1%
162
128
- 21.0%
3,262
3,062
- 6.1%
--
--
--
--
--
--
211
256
+ 21.3%
3,184
3,067
- 3.7%
$314,600
$340,900
+ 8.4%
$281,000
$325,000
+ 15.7%
$345,351
$374,397
+ 8.4%
$321,776
$359,618
+ 11.8%
98.1%
99.0%
+ 0.9%
99.1%
100.0%
+ 0.9%
87
93
+ 6.9%
82
76
- 7.3%
111
106
- 4.5%
124
111
- 10.5%
433
422
- 2.5%
--
--
--
1.6
1.7
+ 6.3%
--
--
--
12-2015
Affordability Index 12-2012
- 4.7%
12-2015
Days on Market 12-2012
121
12-2015
Pct. of List Price Received 12-2012
127
Percent Change
12-2015
Avg. Sales Price 12-2012
YTD-2014 YTD-2015
12-2015
Median Sales Price 12-2012
Percent Change
12-2015
Not enough historical data for chart
12-2012
12-2015
12-2015
Pending Sales 12-2012
12-2014
12-2015
Active Listings 12-2012
12-2013
12-2014
12-2015
12-2012
12-2013
12-2014
12-2015
Months Supply
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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 12-2012
12-2013
12-2014
Under Contract
12-2013
12-2014
Sold Listings 12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
962
879
- 8.6%
48
46
- 4.2%
876
829
- 5.4%
--
--
--
--
--
--
56
44
- 21.4%
833
821
- 1.4%
$220,000
$207,750
- 5.6%
$185,000
$220,000
+ 18.9%
$260,513
$225,833
- 13.3%
$201,804
$226,943
+ 12.5%
100.2%
99.9%
- 0.3%
99.4%
101.4%
+ 2.0%
103
54
- 47.6%
69
68
- 1.4%
159
174
+ 9.4%
189
165
- 12.7%
99
76
- 23.2%
--
--
--
1.4
1.1
- 21.4%
--
--
--
12-2015
Affordability Index 12-2012
- 38.5%
12-2015
Days on Market 12-2012
40
12-2015
Pct. of List Price Received 12-2012
65
Percent Change
12-2015
Avg. Sales Price 12-2012
YTD-2014 YTD-2015
12-2015
Median Sales Price 12-2012
Percent Change
12-2015
Not enough historical data for chart
12-2012
12-2015
12-2015
Pending Sales 12-2012
12-2014
12-2015
Active Listings 12-2012
12-2013
12-2014
12-2015
12-2012
12-2013
12-2014
12-2015
Months Supply
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
December 143
3,984 3,751
127
3,791
121
65 40 32
2013
2014
2015
+ 3.6%
- 11.2%
- 4.7%
Single Family
2013
856
2014
2015
+ 23.1% + 103.1% - 38.5%
Townhouse-Condo
962
879
2013
2014
2015
2013
2014
2015
+ 10.8%
- 5.8%
+ 1.1%
+ 2.5%
+ 12.4%
- 8.6%
Single Family
New Listings
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
211
-25.4%
65
+1.6%
Feb-2015
286
+4.8%
71
+22.4%
Mar-2015
314
-5.4%
94
-6.9%
Apr-2015
404
-12.6%
102
+15.9%
May-2015
437
+2.8%
73
-15.1%
Jun-2015
420
-6.0%
89
-11.9%
Jul-2015
411
+11.4%
85
-26.7%
Aug-2015
370
+14.6%
62
-41.5%
Sep-2015
329
+19.6%
75
+17.2%
Oct-2015
304
+13.4%
69
0.0%
Nov-2015
184
+10.2%
54
+22.7%
Dec-2015
121
-4.7%
40
-38.5%
12-Month Avg
316
+1.1%
73
-8.6%
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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
December
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
184
-18.9%
70
+18.6%
Feb-2015
253
+2.8%
76
+28.8%
Mar-2015
272
-18.1%
96
0.0%
Apr-2015
305
-14.6%
93
+24.0%
May-2015
326
+2.2%
67
-17.3%
Jun-2015
322
-8.5%
81
-11.0%
Jul-2015
307
-0.6%
68
-39.3%
Aug-2015
299
+17.3%
67
-25.6%
Sep-2015
228
-14.6%
59
-6.3%
Oct-2015
241
+3.9%
58
-6.5%
Nov-2015
197
-3.4%
48
+20.0%
Dec-2015
128
-21.0%
46
-4.2%
12-Month Avg
255
-6.1%
69
-5.4%
Pending Sales
3,178
162
3,262 3,062
150 128
48
46
804
876
829
26
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 9.6%
+ 8.0%
- 21.0%
- 21.2%
+ 84.6%
- 4.2%
+ 9.9%
+ 2.6%
- 6.1%
+ 12.6%
+ 9.0%
- 5.4%
Single Family
Townhouse-Condo
Single Family
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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 5
Sold Listings A count of the actual sales that closed in a given month.
Year to Date
December
3,241
3,184
256
3,067
236 211
61
2013
796
833
821
44
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 21.3%
+ 24.5%
- 8.2%
- 21.4%
+ 15.8%
- 1.8%
- 3.7%
+ 13.2%
+ 4.6%
- 1.4%
2014
+ 34.1% - 10.6%
56
Single Family
Townhouse-Condo
Single Family
Sold Listings
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
179
+22.6%
38
+18.8%
Feb-2015
168
-1.2%
64
+25.5%
Mar-2015
244
+4.7%
83
+36.1%
Apr-2015
276
-2.5%
85
+7.6%
May-2015
268
-25.8%
84
+12.0%
Jun-2015
339
-2.0%
89
+1.1%
Jul-2015
318
-5.6%
87
0.0%
Aug-2015
315
0.0%
72
-26.5%
Sep-2015
293
+8.5%
74
-17.8%
Oct-2015
227
-25.1%
57
-23.0%
Nov-2015
184
-12.0%
44
+4.8%
Dec-2015
256
+21.3%
44
-21.4%
12-Month Avg
256
-3.7%
68
-1.4%
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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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
December
$325,000
$314,600 $281,000 $261,000
$256,945 $220,000
$220,000 $207,750 $185,000
$186,250
+ 4.9%
$170,000
2014
2015
2013
2014
2015
2013
+ 22.4%
+ 8.4%
+ 9.6%
+ 18.1%
- 5.6%
+ 6.1%
2013
Single Family
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
$289,733
+16.3%
$220,000
+19.2%
Feb-2015
$308,500
+23.0%
$253,108
+40.9%
Mar-2015
$326,565
+27.6%
$222,103
+38.8%
Apr-2015
$319,750
+14.2%
$225,000
+25.0%
May-2015
$324,950
+13.6%
$231,295
+32.2%
Jun-2015
$340,000
+23.1%
$212,000
+18.1%
Jul-2015
$333,500
+15.0%
$209,900
+16.0%
Aug-2015
$320,000
+11.7%
$215,050
+22.9%
Sep-2015
$315,000
+9.6%
$228,250
+9.2%
Oct-2015
$315,000
+9.8%
$200,000
-3.7%
Nov-2015
$319,500
+10.2%
$233,000
+11.4%
Dec-2015
$340,900
+8.4%
$207,750
-5.6%
12-Month Avg*
$325,000
+15.7%
$220,000
+18.9%
Median Sales Price
$340,900
Townhouse-Condo
2014
2015
2013
2014
2015
+ 7.7%
+ 15.7%
+ 9.7%
+ 8.8%
+ 18.9%
Single Family
Townhouse-Condo
* Median Sales Price for all properties from January 2015 through December 2015. This is not the average of the individual figures above.
Historical Median Sales Price by Month
Single Family
Townhouse-Condo
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
December
Single Family
Year-Over-Year Change
TownhouseCondo
Jan-2015
$332,530
+12.4%
$215,068
+4.7%
Feb-2015
$339,461
+18.6%
$242,771
+29.5%
Mar-2015
$354,446
+19.4%
$227,303
+29.0%
Apr-2015
$358,923
+13.0%
$233,751
+21.4%
May-2015
$355,868
+5.6%
$232,443
+22.1%
Jun-2015
$383,739
+22.1%
$227,558
+20.9%
Jul-2015
$380,345
+15.1%
$206,571
+7.5%
Aug-2015
$362,322
+10.1%
$211,409
+12.0%
Sep-2015
$347,256
+5.4%
$233,155
+8.9%
Oct-2015
$343,538
+5.6%
$227,721
-3.1%
Nov-2015
$351,801
+8.4%
$243,965
+17.6%
Dec-2015
$374,397
+8.4%
$225,833
-13.3%
12-Month Avg*
$359,618
+11.8%
$226,943
+12.5%
Avg. Sales Price
$374,397
$359,618
$345,351 $321,776 $299,935
$305,645 $260,513
$226,943
$225,833 $201,804
$201,100 $180,332
2013
+ 3.8%
2014
2015
2013
2014
2015
2013
+ 13.0%
+ 8.4%
+ 6.6%
+ 29.5%
- 13.3%
+ 6.6%
Single Family
Townhouse-Condo
2014
2015
2013
2014
2015
+ 7.3%
+ 11.8%
+ 9.4%
+ 11.9%
+ 12.5%
Single Family
Townhouse-Condo
Year-Over-Year Change
* Avg. Sales Price for all properties from January 2015 through December 2015. This is not the average of the individual figures above.
Historical Average Sales Price by Month
Single Family
Townhouse-Condo
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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
December 98.5% 98.1% 99.0%
2013
+ 1.1%
99.0% 100.2% 99.9%
98.8% 99.1% 100.0%
2014
2015
2013
2014
2015
2013
- 0.4%
+ 0.9%
+ 1.1%
+ 1.2%
- 0.3%
+ 0.5%
Single Family
Townhouse-Condo
Pct. of List Price Received
99.0% 99.4% 101.4%
2014
2015
2013
2014
2015
+ 0.3%
+ 0.9%
+ 1.2%
+ 0.4%
+ 2.0%
Single Family
Townhouse-Condo
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
98.5%
Feb-2015
99.5%
+0.5%
99.7%
+1.7%
+0.6%
100.6%
+2.0%
Mar-2015
99.9%
+1.3%
101.9%
+3.0%
Apr-2015
100.6%
+1.1%
101.1%
+1.1%
May-2015
101.2%
+1.8%
102.4%
+2.5%
Jun-2015
101.1%
+1.6%
102.9%
+3.5%
Jul-2015
100.4%
+0.8%
102.9%
+3.4%
Aug-2015
100.1%
+1.0%
100.7%
+1.5%
Sep-2015
99.8%
+0.9%
101.6%
+1.9%
Oct-2015
98.8%
-0.5%
100.1%
+0.6%
Nov-2015
99.3%
+0.2%
100.1%
+1.3%
Dec-2015
99.0%
+0.9%
99.9%
-0.3%
12-Month Avg*
99.1%
+0.9%
99.4%
+2.0%
* Pct. of List Price Received for all properties from January 2015 through December 2015. 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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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
December
Single Family
Year-Over-Year Change
TownhouseCondo
Jan-2015
95
-7.8%
73
-24.7%
Feb-2015
93
-2.1%
75
+25.0%
Mar-2015
79
-12.2%
72
+9.1%
Apr-2015
76
0.0%
72
+14.3%
May-2015
74
-3.9%
75
+25.0%
Jun-2015
68
-15.0%
66
+17.9%
Jul-2015
64
0.0%
53
+12.8%
Aug-2015
71
-12.3%
58
+23.4%
Sep-2015
66
-13.2%
78
-17.9%
Oct-2015
79
-11.2%
79
-2.5%
Nov-2015
84
-4.5%
59
-33.7%
Dec-2015
93
+6.9%
54
-47.6%
12-Month Avg
76
-6.7%
68
-1.7%
Days on Market
82
82 104
99
103
76
76 69
93
87
68
54
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 6.6%
- 12.1%
+ 6.9%
+ 30.0%
- 1.0%
- 47.6%
- 20.4%
0.0%
- 7.3%
- 15.6%
- 9.2%
- 1.4%
Single Family
Townhouse-Condo
Single Family
Townhouse-Condo
Year-Over-Year Change
* Days on Market for all properties from January 2015 through December 2015. 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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 10
Housing Affordability Index This index measures housing affordability for the region. 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.
December
Year to Date
Single Family
Year-Over-Year Change
TownhouseCondo
Jan-2015
127
-3.8%
168
-6.1%
Feb-2015
120
-9.8%
146
-21.5%
Mar-2015
112
-14.5%
164
-21.9%
Apr-2015
115
-3.4%
164
-11.4%
May-2015
114
-5.0%
160
-18.4%
Jun-2015
107
-13.7%
171
-10.5%
Jul-2015
107
-9.3%
170
-10.1%
Aug-2015
112
-6.7%
167
-14.8%
Sep-2015
116
-1.7%
159
-2.5%
Oct-2015
115
-5.0%
182
+9.0%
Nov-2015
113
-5.8%
155
-6.6%
Dec-2015
106
-4.5%
174
+9.4%
12-Month Avg
114
-13.3%
122
-4.5%
Affordability Index
181
174 159
198
189 165
131 111
106
129
124 111
2013
2014
2015
2013
2014
2015
2013
- 13.8%
- 15.3%
- 4.5%
- 17.4%
- 12.2%
+ 9.4%
- 14.6%
Single Family
Townhouse-Condo
2014
- 3.9%
2015
- 10.5%
Single Family
2013
- 17.5%
2014
- 4.5%
2015
- 12.7%
Year-Over-Year Change
Townhouse-Condo
Historical Housing Affordability Index by Month
Single Family
Townhouse-Condo
275
250
225
200
175
150
125
100 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 11
Inventory of Active Listings The number of properties available for sale in active status at the end of a given month.
December
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
431
-27.2%
85
+10.4%
Feb-2015
432
-26.5%
71
+1.4%
Mar-2015
446
-17.6%
68
-1.4%
Apr-2015
476
-20.0%
68
-15.0%
May-2015
550
-16.5%
74
-10.8%
Jun-2015
595
-16.0%
72
-20.0%
Jul-2015
623
-11.6%
82
-5.7%
Aug-2015
626
-12.2%
72
-22.6%
Sep-2015
662
-0.3%
86
-3.4%
Oct-2015
610
-2.4%
88
+2.3%
Nov-2015
529
0.0%
87
-3.3%
Dec-2015
422
-2.5%
76
-23.2%
12-Month Avg*
534
-12.9%
77
-8.3%
Active Listings
597 433
422
77
99
76
2013
2014
2015
2013
2014
2015
- 7.3%
- 27.5%
- 2.5%
- 31.9%
+ 28.6%
- 23.2%
Single Family
Townhouse-Condo
* Active Listings for all properties from January 2015 through December 2015. 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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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.
December
Single Family
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
1.6
-27.3%
1.2
0.0%
Feb-2015
1.6
-27.3%
1.0
0.0%
Mar-2015
1.7
-15.0%
0.9
-10.0%
Apr-2015
1.8
-21.7%
0.9
-25.0%
May-2015
2.1
-16.0%
1.0
-16.7%
Jun-2015
2.3
-11.5%
1.0
-28.6%
Jul-2015
2.4
-11.1%
1.1
-15.4%
Aug-2015
2.4
-11.1%
1.0
-28.6%
Sep-2015
2.5
0.0%
1.2
-7.7%
Oct-2015
2.4
+4.3%
1.3
+8.3%
Nov-2015
2.1
+5.0%
1.3
0.0%
Dec-2015
1.7
+6.3%
1.1
-21.4%
12-Month Avg*
2.0
-11.2%
1.1
-12.7%
Months Supply
2.2 1.6
1.7 1.4 1.2
1.1
2013
2014
2015
2013
2014
2015
- 21.4%
- 27.3%
+ 6.3%
- 36.8%
+ 16.7%
- 21.4%
Single Family
Townhouse-Condo
* Months Supply for all properties from January 2015 through December 2015. 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
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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 12-2012
12-2013
12-2014
Under Contract
12-2013
12-2014
Sold Listings 12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
- 0.9%
210
174
- 17.1%
876
829
- 5.4%
--
--
--
--
--
--
267
300
+ 12.4%
4,017
3,888
- 3.2%
$291,845
$325,000
+ 11.4%
$260,000
$302,000
+ 16.2%
$327,557
$352,608
+ 11.7%
$296,891
$331,602
+ 11.7%
98.5%
99.1%
+ 1.1%
99.2%
100.3%
+ 1.1%
90
87
- 5.1%
79
75
- 5.1%
120
111
- 10.9%
134
120
- 10.9%
532
498
- 6.4%
--
--
--
1.6
1.5
- 3.3%
--
--
--
12-2015
Months Supply 12-2012
4,670
12-2015
Active Listings 12-2012
4,713
12-2015
Affordability Index 12-2012
- 16.1%
12-2015
Days on Market 12-2012
161
12-2015
Pct. of List Price Received 12-2012
192
Percent Change
12-2015
Avg. Sales Price 12-2012
YTD-2014 YTD-2015
12-2015
Median Sales Price 12-2012
Percent Change
12-2015
Not enough historical data for chart
12-2012
12-2015
12-2015
Pending Sales 12-2012
12-2014
12-2015
Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 14
Sold Listings Actual sales that have closed in a given quarter.
By Price Range – All Properties – Rolling 12 Months 1,832 718 48
29
1,408 825
446
12-2014
By Property Type
12-2015
3,184
1,166 295
458
204
271
75
89
18
19
833
2
2
- 37.9%
- 23.1%
+ 41.3%
+ 55.3%
+ 32.8%
+ 18.7%
+ 5.6%
0.0%
- 3.7%
< $100K
$100K to $199K
$200K to $299K
$300K to $399K
$400K to $499K
$500K to $699K
$700K to $799K
$1.0M to $1.9M
$2.0M+
Singe 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
12-2014 28 262 1,530 784 289 198 74 18 1 3,184
12-2015 23 135 1,038 1,042 451 269 88 19 2 3,067
Change 12-2014 - 17.9% 20 - 48.5% 456 - 32.2% 302 + 32.9% 41 + 56.1% 6 + 35.9% 6 + 18.9% 1 + 5.6% 0 + 100.0% 1 - 3.7% 833
12-2015 6 311 370 124 7 2 1 0 0 821
Compared to Prior Month Single Family Townhouse-Condo
Change - 70.0% - 31.8% + 22.5% + 202.4% + 16.7% - 66.7% 0.0% -- 100.0% - 1.4%
11-2015 3 7 64 61 27 17 5 0 0 184
12-2015 2 8 72 93 49 20 11 1 0 256
Change 11-2015 - 33.3% 0 + 14.3% 13 + 12.5% 21 + 52.5% 10 + 81.5% 0 + 17.6% 0 + 120.0% 0 -0 -0 + 39.1% 44
12-2015 1 18 18 7 0 0 0 0 0 44
Change -+ 38.5% - 14.3% - 30.0% -----0.0%
12-2015 23 135 1,038 1,042 451 269 88 19 2 3,067
3,888
821 - 1.4%
Townhouse-Condo
Single Family 12-2014 28 262 1,530 784 289 198 74 18 1 3,184
12-2015
4,017
3,067
- 39.6%
Rolling 12 Months Single Family Townhouse-Condo
12-2014
- 3.2% All Properties
Year to Date Townhouse-Condo
Change 12-2014 12-2015 - 17.9% 20 6 - 48.5% 456 311 - 32.2% 302 370 + 32.9% 41 124 + 56.1% 6 7 + 35.9% 6 2 + 18.9% 1 1 + 5.6% 0 0 + 100.0% 1 0 - 3.7% 833 821
Change - 70.0% - 31.8% + 22.5% + 202.4% + 16.7% - 66.7% 0.0% -- 100.0% - 1.4%
Inventory of Active Listings A measure of the number of homes available for sale at a given time.
By Price Range – All Properties
12-2014
164 99 8
51 4
31
130 77
74
75
76
By Property Type
12-2015
113 45
52
433 11
16
99
3
1
- 50.0%
- 39.2%
- 25.3%
- 20.7%
- 2.6%
+ 48.7%
+ 15.6%
+ 45.5%
+ 200.0%
- 2.5%
$100K to $199K
$200K to $299K
$300K to $399K
$400K to $499K
$500K to $699K
$700K to $799K
$1.0M to $1.9M
$2.0M+
Singe 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
12-2014 8 38 65 116 75 76 44 10 1 433
12-2015 4 29 48 109 67 111 38 13 3 422
Year over Year Townhouse-Condo
Change 12-2014 - 50.0% 0 - 23.7% 13 - 26.2% 34 - 6.0% 48 - 10.7% 2 + 46.1% 0 - 13.6% 1 + 30.0% 1 + 200.0% 0 - 2.5% 99
12-2015 Change 0 -2 - 84.6% 26 - 23.5% 21 - 56.3% 8 + 300.0% 2 -+ 1,300.0% 14 3 + 200.0% 0 -76 - 23.2%
Compared to Prior Month Single Family Townhouse-Condo 11-2015 5 32 61 146 96 126 47 14 2 529
12-2015 4 29 48 109 67 111 38 13 3 422
Change - 20.0% - 9.4% - 21.3% - 25.3% - 30.2% - 11.9% - 19.1% - 7.1% + 50.0% - 20.2%
11-2015 0 8 29 27 7 2 11 3 0 87
12-2015 0 2 26 21 8 2 14 3 0 76
Change -- 75.0% - 10.3% - 22.2% + 14.3% 0.0% + 27.3% 0.0% -- 12.6%
12-2015
532
422
< $100K
Single Family
12-2014
- 23.2% Townhouse-Condo
Single Family
498
76 - 6.4% 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 January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 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 average 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 January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 16