January Housing Report 2016

Page 1


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 region’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


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.