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Monthly Indicators May 2014 Some have noted a slight pause in the housing recovery this year. The American Dream of homeownership is alive and well, but it must still contend with market fluctuations. Buyers need homes for sale if they're expected to buy said homes. They also need reliable financing, better jobs and stronger wage growth. The opportunities are out there. Now we need people to take advantage of them. New Listings were down 19.5 percent for single family homes and 5.7 percent for townhouse-condo properties. Pending sales clocked in at 76 for single family homes and 22 for townhouse-condo properties. The Median Sales Price was up 9.4 percent to $289,900 for single family homes and 11.0 percent to $174,850 for townhouse-condo properties. Months Supply of Inventory stood at 3.8 for single family units and 2.7 months for townhousecondo units. We've had a mixed bag of economic news lately. As expected, national GDP contracted slightly during Q1-2014, which most economists attribute to impermanent factors like the harsh winter. We've now had more than four straight years of monthly private sector job growth. It hasn't been extraordinary growth, but it sure beats mass layoffs. Buoyed by an improving sales mix, home prices continue their ascent despite erratic demand indicators. More inventory, more high-skilled job growth, and less economic and political uncertainty are still top priorities.

Activity Snapshot + 7.3%

+ 7.0%

+ 9.4%

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 All Properties Activity Overview Price Ranges Glossary of Terms All Properties Activity Overview

2 3 4 5 6 7 8 9 10 11 12 13 14 15

Click on desired metric to jump to that page. Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing.


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 5-2011

5-2012

5-2013

Under Contract

5-2012

5-2013

Sold Listings 5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

1,825

1,724

- 5.5%

357

76

- 78.7%

1,494

1,083

- 27.5%

--

--

--

--

--

--

327

351

+ 7.3%

1,231

1,180

- 4.1%

$265,000

$289,900

+ 9.4%

$255,000

$268,250

+ 5.2%

$290,118

$337,442

+ 16.3%

$287,871

$311,979

+ 8.4%

99.2%

99.3%

+ 0.1%

98.8%

99.0%

+ 0.2%

71

76

+ 7.0%

88

85

- 3.4%

132

118

- 10.6%

137

128

- 6.6%

5-2014

Affordability Index 5-2011

- 19.5%

5-2014

Days on Market 5-2011

414

5-2014

Pct. of List Price Received 5-2011

514

Percent Change

5-2014

Average Sales Price 5-2011

YTD-2013 YTD-2014

5-2014

Median Sales Price 5-2011

Percent Change

5-2014

Not enough historical data for chart

5-2011

5-2014

5-2014

Pending Sales 5-2011

5-2013

5-2014

Active Listings

Not enough historical data for chart

--

999

--

--

--

--

Months Supply

Not enough historical data for chart

--

3.8

--

--

--

--

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14


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 5-2011

5-2012

5-2013

Under Contract

5-2012

5-2013

Sold Listings 5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

397

387

- 2.5%

87

22

- 74.7%

385

267

- 30.6%

--

--

--

--

--

--

102

72

- 29.4%

293

293

0.0%

$157,500

$174,850

+ 11.0%

$159,500

$177,000

+ 11.0%

$174,671

$189,290

+ 8.4%

$171,657

$188,771

+ 10.0%

99.2%

99.8%

+ 0.6%

98.9%

99.3%

+ 0.4%

77

62

- 19.5%

81

66

- 18.5%

222

196

- 11.7%

220

194

- 11.8%

5-2014

Affordability Index 5-2011

- 5.7%

5-2014

Days on Market 5-2011

82

5-2014

Pct. of List Price Received 5-2011

87

Percent Change

5-2014

Average Sales Price 5-2011

YTD-2013 YTD-2014

5-2014

Median Sales Price 5-2011

Percent Change

5-2014

Not enough historical data for chart

5-2011

5-2014

5-2014

Pending Sales 5-2011

5-2013

5-2014

Active Listings

Not enough historical data for chart

--

180

--

--

--

--

Months Supply

Not enough historical data for chart

--

2.7

--

--

--

--

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14


New Listings A count of the properties that have been newly listed on the market in a given month.

Year to Date

May

1,825 514

1,634

423

2012

1,724

414

87

86

+ 23.3% + 21.5%

403

2012

2013

2014

2012

- 19.5%

0.0%

+ 1.2%

- 5.7%

+ 5.4%

Single Family

397

387

82

2014

2013

Townhouse-Condo

Single Family

Year-Over-Year Change

Jun-2013

484

+27.0%

89

0.0%

Jul-2013

415

+4.5%

96

+33.3%

Aug-2013

364

+5.8%

89

+23.6%

Sep-2013

300

+22.4%

61

+5.2%

Oct-2013

254

-3.4%

46

-31.3%

Nov-2013

199

+2.6%

45

-6.3%

Dec-2013

143

+3.6%

32

+23.1%

Jan-2014

283

+5.6%

64

+28.0%

Feb-2014

269

-8.8%

59

-10.6%

Mar-2014

317

-13.4%

99

+25.3%

Apr-2014

441

+15.4%

83

-27.8%

May-2014

414

-19.5%

82

-5.7%

12-Month Avg

324

+2.5%

70

+1.9%

New Listings

2013

2014

2012

2013

2014

+ 11.7%

- 5.5%

+ 5.8%

- 1.5%

- 2.5%

Single Family

TownhouseCondo

Year-Over-Year Change

Townhouse-Condo

Historical New Listings by Month

Single Family

600

Townhouse-Condo

500

400

300

200

100

0 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 4


Pending Sales A count of the properties on which offers have been accepted in a given month.

Year to Date

May

1,494

357 1,278

308

1,083

76

87

86

Single Family

Year-Over-Year Change

TownhouseCondo

Jun-2013

349

+14.4%

77

-8.3%

Jul-2013

296

+0.3%

71

+6.0%

Aug-2013

244

+7.0%

78

+32.2%

Sep-2013

217

-1.4%

53

+3.9%

Oct-2013

227

+3.2%

65

+25.0%

Nov-2013

198

+8.8%

44

0.0%

Dec-2013

147

-11.4%

25

-24.2%

Jan-2014

216

-9.2%

55

+3.8%

Feb-2014

237

-7.4%

56

-1.8%

Mar-2014

301

-8.8%

76

0.0%

Apr-2014

253

-19.2%

58

-48.2%

76

-78.7%

22

-74.7%

230

-11.2%

57

-12.3%

Pending Sales

324

385 267

22

May-2014 2012

2014

2012

2013

2014

2012

2013

2014

- 78.7%

+ 22.9%

+ 1.2%

- 74.7%

+ 20.1%

+ 16.9%

- 27.5%

2013

+ 14.9% + 15.9%

Single Family

Townhouse-Condo

Single Family

2012

2013

2014

+ 16.1% + 18.8% - 30.6%

12-Month Avg

Year-Over-Year Change

Townhouse-Condo

Historical Pending Sales by Month

Single Family

400

Townhouse-Condo

300

200

100

0 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 5


Sold Listings A count of the actual sales that closed in a given month.

Year to Date

May

1,231

351

327 297

1,180

996

102 77

2012

2014

2012

2013

2014

+ 7.3%

+ 6.9%

+ 32.5%

- 29.4%

2013

+ 12.1% + 10.1%

72

Single Family

Townhouse-Condo

236

2012

2013

+ 18.6% + 23.6%

293

293

2014

2012

2013

2014

- 4.1%

+ 2.2%

+ 24.2%

0.0%

Single Family

Sold Listings

Single Family

Year-Over-Year Change

TownhouseCondo

Jun-2013 Jul-2013

Year-Over-Year Change

329

+1.2%

89

-5.3%

392

+23.7%

93

+14.8%

Aug-2013

344

+15.8%

79

-8.1%

Sep-2013

245

-1.6%

81

+39.7%

Oct-2013

260

+15.0%

46

-6.1%

Nov-2013

204

-4.2%

54

+8.0%

Dec-2013

236

+34.1%

61

+24.5%

Jan-2014

146

-13.6%

32

-5.9%

Feb-2014

170

-7.1%

51

+27.5%

Mar-2014

233

-13.1%

61

+19.6%

Apr-2014

280

-1.4%

77

+16.7%

May-2014

351

+7.3%

72

-29.4%

12-Month Avg

266

+5.1%

66

+4.7%

Townhouse-Condo

Historical Sold Listings by Month

Single Family

400

Townhouse-Condo

300

200

100

0 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 7


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

May

$255,000

$289,900

$268,250

$239,900

$265,000 $237,000 $177,000 $160,000 $157,500

$154,850 $159,500

$174,850

2012

2013

2014

2012

2013

2014

2012

2013

2014

2012

2013

2014

+ 0.4%

+ 11.8%

+ 9.4%

+ 2.6%

- 1.6%

+ 11.0%

+ 4.3%

+ 6.3%

+ 5.2%

+ 1.3%

+ 3.0%

+ 11.0%

Single Family

Townhouse-Condo

Single Family

Year-Over-Year Change

TownhouseCondo

Year-Over-Year Change

Jun-2013

$274,000

+9.6%

$178,000

+21.1%

Jul-2013

$272,000

+9.7%

$158,900

+2.8%

Aug-2013

$267,950

+5.1%

$168,000

+15.5%

Sep-2013

$260,000

+4.4%

$195,000

+32.2%

Oct-2013

$255,000

+4.1%

$159,000

-3.8%

Nov-2013

$259,450

+3.0%

$167,500

+0.6%

Dec-2013

$256,945

+4.9%

$186,250

+9.6%

Jan-2014

$249,050

-0.6%

$184,500

+1.7%

Median Sales Price

Single Family

Townhouse-Condo

Historical Median Sales Price by Month

Feb-2014

$250,725

+3.2%

$179,601

+22.4%

Mar-2014

$256,000

+0.4%

$160,000

-1.5%

Apr-2014

$279,000

+6.7%

$180,000

+12.7%

May-2014

$289,900

+9.4%

$174,850

+11.0%

12-Month Avg*

$265,000

+5.2%

$175,000

+12.2%

* Median Sales Price for all properties from June 2013 through May 2014. This is not the average of the individual figures above.

Single Family

$300,000

Townhouse-Condo

$275,000 $250,000 $225,000 $200,000 $175,000 $150,000 $125,000 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 8


Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

Year to Date

May

Average Sales Price

$311,979 $337,442 $272,040

$287,871

$290,118 $269,355 $188,771 $165,746

2012

- 0.7%

$174,671

$189,290

$161,736

2013

2014

2012

2013

2014

2012

+ 7.7%

+ 16.3%

+ 7.0%

+ 5.4%

+ 8.4%

+ 2.2%

Single Family

Townhouse-Condo

$171,657

2013

2014

2012

2013

2014

+ 5.8%

+ 8.4%

+ 4.6%

+ 6.1%

+ 10.0%

Single Family

Townhouse-Condo

Historical Average Sales Price by Month

Single Family

Year-Over-Year Change

TownhouseCondo

Year-Over-Year Change

Jun-2013

$310,365

+6.1%

$196,625

+20.0%

Jul-2013

$315,587

+12.3%

$169,127

+6.9%

Aug-2013

$302,012

+4.1%

$172,394

+11.6%

Sep-2013

$305,424

+6.0%

$203,761

+28.8%

Oct-2013

$302,442

+7.3%

$165,129

-12.9%

Nov-2013

$306,012

+10.3%

$185,801

+8.8%

Dec-2013

$305,645

+3.8%

$201,100

+6.6%

Jan-2014

$295,825

+2.7%

$205,325

+9.8%

Feb-2014

$286,294

-1.1%

$187,404

+16.0%

Mar-2014

$296,832

+5.0%

$176,185

+1.5%

Apr-2014

$316,684

+9.6%

$192,283

+17.4%

May-2014

$337,442

+16.3%

$189,290

+8.4%

12-Month Avg*

$309,048

+7.7%

$186,631

+10.8%

* Average Sales Price for all properties from June 2013 through May 2014. This is not the average of the individual figures above.

Single Family

$350,000

Townhouse-Condo

$300,000

$250,000

$200,000

$150,000

$100,000 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 9


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

May 98.5% 99.2% 99.3%

98.0% 99.2% 99.8%

Pct. of List Price Received

98.2% 98.8% 99.0%

97.2% 98.9% 99.3%

2012

2013

2014

2012

2013

2014

2012

2013

2014

2012

2013

2014

+ 0.6%

+ 0.7%

+ 0.1%

+ 0.1%

+ 1.2%

+ 0.6%

+ 0.6%

+ 0.6%

+ 0.2%

- 0.5%

+ 1.7%

+ 0.4%

Single Family

Townhouse-Condo

Single Family

Townhouse-Condo

Historical Percent of List Price Received by Month

Single Family

Year-Over-Year Change

TownhouseCondo

Year-Over-Year Change

Jun-2013

99.3%

+0.6%

99.1%

+1.0%

Jul-2013

99.1%

+0.2%

99.4%

+1.3%

Aug-2013

98.9%

+0.7%

99.1%

+0.8%

Sep-2013

99.0%

+0.8%

99.6%

+1.3%

Oct-2013

98.7%

+0.4%

98.4%

+0.4%

Nov-2013

98.3%

+0.2%

97.6%

-0.5%

Dec-2013

98.5%

+1.1%

99.0%

+1.1%

Jan-2014

98.0%

+0.1%

98.0%

-0.4%

Feb-2014

98.9%

+0.8%

98.6%

+0.2%

Mar-2014

98.6%

-0.3%

98.9%

0.0%

Apr-2014

99.5%

+0.5%

100.0%

+1.1%

May-2014

99.3%

+0.1%

99.8%

+0.6%

12-Month Avg*

98.5%

+0.4%

98.4%

+0.7%

* Pct. of List Price Received for all properties from June 2013 through May 2014. This is not the average of the individual figures above.

Single Family

101%

Townhouse-Condo

100% 99% 98% 97% 96% 95% 94% 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 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.

May

Year to Date 224

Affordability Index

231

222

220

196 151

194 149

132

137

128

118

2012

2013

2014

2012

2013

2014

2012

+ 9.4%

- 12.6%

- 10.6%

+ 7.2%

- 0.9%

- 11.7%

+ 4.9%

Single Family

Townhouse-Condo

2013

- 8.1%

2014

- 6.6%

Single Family

2012

+ 8.5%

2013

- 4.8%

2014

- 11.8%

Single Family

Year-Over-Year Change

TownhouseCondo

Year-Over-Year Change

Jun-2013

121

-16.0%

186

-24.1%

Jul-2013

122

-17.0%

210

-11.0%

Aug-2013

123

-13.4%

196

-21.3%

Sep-2013

128

-13.5%

171

-31.6%

Oct-2013

131

-12.7%

210

-5.4%

Nov-2013

136

-6.8%

211

-5.0%

Dec-2013

131

-13.8%

181

-17.4%

Jan-2014

132

-9.6%

179

-10.9%

Feb-2014

133

-9.5%

186

-23.8%

Mar-2014

131

-6.4%

210

-4.1%

Apr-2014

120

-13.7%

185

-18.5%

May-2014

118

-10.6%

196

-11.7%

12-Month Avg

127

-18.3%

144

-14.7%

Townhouse-Condo

Historical Housing Affordability Index by Month

Single Family

275

Townhouse-Condo

250 225 200 175 150 125 100 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 12


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

May

Days on Market

92 76

71

115

78

77

101 88

62

85

81 66

2012

2013

2014

2012

2013

2014

2012

2013

2014

2012

- 23.3%

- 22.8%

+ 7.0%

- 45.8%

- 1.3%

- 19.5%

- 5.7%

- 23.5%

- 3.4%

- 29.4%

Single Family

Townhouse-Condo

Single Family

2013

2014

- 19.8% - 18.5%

Townhouse-Condo

Historical Days on Market Until Sale by Month

Single Family

Year-Over-Year Change

Year-Over-Year Change

Jun-2013

76

-18.3%

63

-25.0%

Jul-2013

70

-15.7%

62

-31.9%

Aug-2013

78

-19.6%

64

-12.3%

Sep-2013

68

-27.7%

92

+3.4%

Oct-2013

79

-24.8%

55

-50.9%

Nov-2013

85

-19.8%

71

+18.3%

Dec-2013

99

-6.6%

104

+31.6%

Jan-2014

103

-1.0%

97

+16.9%

Feb-2014

95

-18.1%

60

-51.2%

Mar-2014

90

+7.1%

66

-9.6%

Apr-2014

76

-8.4%

61

-10.3%

May-2014

76

+7.0%

62

-19.5%

12-Month Avg

81

-13.3%

70

-15.0%

* Days on Market for all properties from June 2013 through May 2014. This is not the average of the individual figures above.

Single Family

200

TownhouseCondo

Townhouse-Condo

175

150

125

100

75

50 1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 11


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 5-2011

5-2012

5-2013

Under Contract

5-2012

5-2013

Sold Listings 5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

5-2012

5-2013

2,222

2,111

- 5.0%

444

98

- 77.9%

385

267

- 30.6%

--

--

--

--

--

--

429

423

- 1.4%

1,524

1,473

- 3.3%

$235,500

$267,000

+ 13.4%

$236,000

$250,000

+ 5.9%

$262,669

$312,224

+ 8.3%

$265,528

$287,472

+ 8.3%

99.2%

99.4%

+ 0.2%

98.8%

99.0%

+ 0.2%

72

74

- 6.9%

87

81

- 6.9%

149

129

- 7.5%

148

137

- 7.5%

5-2014

Affordability Index 5-2011

- 17.5%

5-2014

Days on Market 5-2011

496

5-2014

Pct. of List Price Received 5-2011

601

Percent Change

5-2014

Average Sales Price 5-2011

YTD-2013 YTD-2014

5-2014

Median Sales Price 5-2011

Percent Change

5-2014

Not enough historical data for chart

5-2011

5-2014

5-2014

Pending Sales 5-2011

5-2013

5-2014

Active Listings

Not enough historical data for chart

--

1,179

--

--

--

--

Months Supply

Not enough historical data for chart

--

3.5

--

--

--

--

Current as of June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14


Sold Listings Actual sales that have closed in a given quarter.

By Price Range – All Properties – Rolling 12 Months

105

By Property Type

5-2013

5-2013

1,785

1,602 1,086

5-2014

874

281

207

62

202

143

62

42

14

13

1

3,986

3,794

3,190

3,034

706

594

5-2014

796

760

1

-41.0%

-19.5%

11.4%

18.9%

35.7%

41.3%

47.6%

-7.1%

0.0%

5.1%

4.7%

5.1%

< $100K

$100K to $199K

$200K to $299K

$300K to $399K

$400K to $499K

$500K to $599K

$700K to $799K

$1.0M to $1.9M

$2.0M+

Singe Family

Townhouse-Condo

All Properties

Rolling 12 Months Single Family Condo By Price Range $299,999 and Below $300,000 to $599,999 $600,000 to $999,999 $1,000,000 to $1,499,999 $1,500,00 to $1,999,999 $2,000,000 to $2,499,999 $2,500,000 to $4,999,999 $5,000,000 to $9,999,999 $10,000,000 and Above All Price Ranges

5-2014 40 579 1,440 577 203 139 42 13 1 3,034

5-2013 30 383 1,560 673 267 201 62 13 1 3,190

Change - 25.0% - 33.9% + 8.3% + 16.6% + 31.5% + 44.6% + 47.6% 0.0% 0.0% + 5.1%

5-2014 65 507 162 17 4 4 0 1 0 760

5-2013 32 491 225 33 14 1 0 0 0 796

Compared to Prior Month Single Family Condo Change - 50.8% - 3.2% + 38.9% + 94.1% + 250.0% - 75.0% -- 100.0% -+ 4.7%

4-2014 3 20 144 67 19 20 6 1 0 280

5-2013 2 20 165 87 32 31 12 2 0 351

Change - 33.3% 0.0% + 14.6% + 29.9% + 68.4% + 55.0% + 100.0% + 100.0% -+ 25.4%

4-2014 1 48 23 5 0 0 0 0 0 77

5-2013 3 43 20 6 0 0 0 0 0 72

Year to Date Single Family Change + 200.0% - 10.4% - 13.0% + 20.0% ------ 6.5%

5-2014 13 199 604 262 75 61 15 2 0 1,231

5-2013 12 118 595 256 88 81 24 5 1 1,180

Condo

Change - 7.7% - 40.7% - 1.5% - 2.3% + 17.3% + 32.8% + 60.0% + 150.0% -- 4.1%

5-2014 15 206 60 7 2 3 0 0 0 293

5-2013 8 177 91 14 2 1 0 0 0 293

Change - 46.7% - 14.1% + 51.7% + 100.0% 0.0% - 66.7% ---0.0%

Inventory of Active Listings Properties available for sale in active status at the end of a given quarter. Based on one month of activity.

By Price Range – All Properties

5-2014

By Property Type

5-2013

Not enough historical data for chart. At some point in the near future, this section should be full. --

--

--

--

--

--

< $100K

$100K to $199K

$200K to $299K

$300K to $399K

$400K to $499K

$500K to $599K

-$700K to $799K

Rolling 12 Months Single Family 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

5-2014 -----------

5-2013 -----------

Change -----------

5-2014 -----------

5-2013 -----------

--

--

--

--

--

$1.0M to $1.9M

$2.0M+

Singe Family

Townhouse-Condo

All Properties

Compared to Prior Month Single Family Condo Change -----------

4-2014 -----------

5-2013 -----------

Change -----------

4-2014 -----------

5-2013 -----------

Year to Date Single Family Change -----------

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 June 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 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 sum of all home sales prices divided by total number of sales.

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 February 17, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13


June 2014 Housing Reports  

Some have noted a slight pause in the housing recovery this year. The American Dream of homeownership is alive and well, but it must still c...

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