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Local Market Update – November 2012 A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC.

Jeff & Sharon Kofahl 972-727-2621

Collin County

+ 8.1%

+ 20.5%

+ 10.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

November New Listings Pending Sales Closed Sales Average Sales Price* Median Sales Price* Percent of Original List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory

Year to Date

2011

2012

+/–

2011

2012

+/–

941

1,017

+ 8.1%

15,495

15,866

+ 2.4%

709

777

+ 9.6%

9,959

11,994

+ 20.4%

728

877

+ 20.5%

9,689

11,556

+ 19.3%

$226,050

$244,794

+ 8.3%

$239,834

$247,388

+ 3.1%

$185,000

$204,000

+ 10.3%

$199,000

$206,000

+ 3.5%

91.9%

94.6%

+ 3.0%

92.6%

94.5%

+ 2.0%

75

59

- 22.2%

79

61

- 22.7%

4,176

2,940

- 29.6%

--

--

--

4.7

2.8

- 41.1%

--

--

--

*Does not include prices from any previous listing contracts or seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

2011

November 941

2012

2011

Year to Date 15,495

1,017

15,866

877 728

+ 8.1% New Listings

9,689

+ 2.4% New Listings

+ 20.5% Closed Sales

2012

11,556

+ 19.3% Closed Sales

All MLS

b

Collin County

a

Change in Median Sales Price from Prior Year (6-Month Average)** + 10% + 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

*Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period period. | All data comes from North Texas Real Estate Information Services Services, Inc Inc. Powered by 10K Research and Marketing Marketing.


Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC.

November 2012 This November, there was a lot to be thankful for. Home buyers were thankful for historically low mortgage rates and still-affordable prices. Sellers were thankful for increased sales, less competition and faster market times. Both parties can be thankful for the slow yet steady economic recovery. Challenges persist, to be sure, going into 2013, but there's more reason for optimism than pessimism. Here's the local scoop. New Listings in the North Texas region increased 4.1 percent to 7,699. Pending Sales were up 6.8 percent to 5,229. Inventory levels shrank 23.6 percent to 28,401 units. Prices moved higher. The Median Sales Price increased 10.6 percent to $155,975. Days on Market was down 18.0 percent to 87 days. Absorption rates improved as Months Supply of Inventory was down 33.9 percent to 4.2 months. There are three primary avenues to housing recovery: better market fundamentals, improved market composition and more jobs. Many communities are enjoying better fundamentals, such as higher demand and less supply. But many areas are also experiencing a lower overall share of distressed sales activity. In the month ahead, continue to watch hiring and unemployment trends.

Quick Facts + 8.1%

+ 10.6%

- 23.6%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Percent of Original List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory

2 3 4 5 6 7 8 9 10 11

Click on desired metric to jump to that page.

Jeff & Sharon Kofahl 972-727-2621 Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of December 8, 2012. All data from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | 1


Market Overview Key market metrics for the current month and year-to-date.

Key Metrics

Historical Sparklines

New Listings 11-2009

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

Jeff & Sharon Kofahl 972-727-2621

11-2010

11-2011

114,823

114,744

- 0.1%

4,897

5,229

+ 6.8%

66,147

76,895

+ 16.2%

5,155

5,570

+ 8.1%

64,137

73,886

+ 15.2%

106

87

- 18.0%

109

88

- 19.5%

$141,000

$155,975

+ 10.6%

$145,000

$157,000

+ 8.3%

91.9%

93.9%

+ 2.2%

91.9%

94.0%

+ 2.3%

209

207

- 1.0%

204

206

+ 0.7%

37,186

28,401

- 23.6%

--

--

--

6.4

4.2

- 33.9%

--

--

--

11-2012

Months Supply of Homes for Sale 11-2009

+ 4.1%

11-2012

Inventory of Homes for Sale 11-2009

7,699

11-2012

Housing Affordability Index 11-2009

7,396

11-2012

Percent of Original List Price Received 11-2009

+/-

11-2012

Median Sales Price 11-2009

YTD 2011 YTD 2012

11-2012

Days on Market Until Sale 11-2009

+/-

11-2012

Closed Sales 11-2009

11-2012

11-2012

Pending Sales 11-2009

11-2011

11-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 2


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

November

Year To Date 132,175

8,406 7,396

2010

7,699

-12.0%

+4.1%

2011

2012

114,823

2010

114,744

-13.1%

-0.1%

2011

2012

Month

Prior Year

Current Year

+/–

December

7,737

5,927

-23.4%

January

10,627

9,753

-8.2%

February

9,306

10,257

+10.2%

March

13,395

12,079

-9.8%

April

12,321

11,653

-5.4%

May

11,444

12,051

+5.3%

June

11,815

11,778

-0.3%

July

10,689

11,275

+5.5%

August

10,104

10,454

+3.5%

September

9,009

8,657

-3.9%

October

8,717

9,088

+4.3%

November

7,396

7,699

+4.1%

12-Month Avg

10,213

10,056

-1.5%

Historical New Listing Activity 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 3


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

November

Year To Date

4,897

5,229

4,433

2010

76,895 66,324

+10.5%

+6.8%

2011

2012

2010

66,147

-0.3%

+16.2%

2011

2012

Month

Prior Year

Current Year

+/–

December

4,085

4,304

+5.4%

January

4,796

5,628

+17.3%

February

4,910

6,358

+29.5%

March

6,962

7,743

+11.2%

April

6,776

7,900

+16.6%

May

6,887

8,097

+17.6%

June

6,937

7,877

+13.6%

July

6,633

7,813

+17.8%

August

6,442

7,411

+15.0%

September

5,516

6,190

+12.2%

October

5,391

6,649

+23.3%

November

4,897

5,229

+6.8%

12-Month Avg

5,853

6,767

+15.6%

Historical Pending Sales Activity 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 4


Closed Sales A count of the properties that have closed in a given month.

November

Year To Date 5,570 5,155

65,243

4,667

2010

73,886

+10.5%

+8.1%

2011

2012

2010

64,137

-1.7%

+15.2%

2011

2012

Month

Prior Year

Current Year

+/–

December

5,197

5,478

+5.4%

January

3,597

4,130

+14.8%

February

3,981

5,008

+25.8%

March

5,892

6,553

+11.2%

April

6,220

6,851

+10.1%

May

6,679

8,009

+19.9%

June

7,469

8,294

+11.0%

July

6,541

7,802

+19.3%

August

7,239

8,512

+17.6%

September

5,979

6,488

+8.5%

October

5,385

6,669

+23.8%

November

5,155

5,570

+8.1%

12-Month Avg

5,778

6,614

+14.5%

Historical Closed Sales Activity 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 5


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.

November 106

Year To Date 109

106

100 88

87

2010

-0.4%

-18.0%

2011

2012

Prior Year

Current Year

+/–

December

115

107

-6.8%

January

120

112

-6.5%

February

120

111

-8.1%

March

120

102

-15.0%

April

110

89

-18.8%

May

106

84

-20.8%

June

104

80

-22.8%

July

103

79

-23.1%

August

105

79

-24.8%

September

108

80

-25.4%

October

107

82

-23.2%

November

106

87

-18.0%

12-Month Avg

109

89

-18.6%

Month

+9.2%

-19.5%

2011

2012

2010

Historical Days on Market Until Sale 130 120 110 100 90 80 70 60 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 6


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

November

Year To Date $155,975

$142,000

2010

$141,000

-0.7%

+10.6%

2011

2012

$148,000

2010

Prior Year

Current Year

+/–

December

$148,000

$148,100

+0.1%

January

$139,900

$139,000

-0.6%

February

$142,000

$144,500

+1.8%

March

$139,978

$154,900

+10.7%

April

$144,000

$154,600

+7.4%

May

$149,000

$161,281

+8.2%

June

$150,000

$165,000

+10.0%

July

$150,000

$164,900

+9.9%

August

$151,000

$160,000

+6.0%

September

$145,750

$160,000

+9.8%

October

$141,000

$154,380

+9.5%

November

$141,000

$155,975

+10.6%

12-Month Med

$145,000

$156,200

+7.7%

Month

$145,000

$157,000

-2.0%

+8.3%

2011

2012

Historical Median Sales Price $170,000 $165,000 $160,000 $155,000 $150,000 $145,000 $140,000 $135,000 $130,000 $125,000 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 7


Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

November 90.7%

2010

Year To Date 91.9%

93.9%

+1.3%

+2.2%

2011

2012

93.0%

91.9%

94.0%

-1.2%

+2.3%

2011

2012

2010

Month

Prior Year

Current Year

+/–

December

90.7%

91.7%

+1.1%

January

90.2%

92.0%

+2.0%

February

91.3%

92.3%

+1.1%

March

91.6%

93.3%

+1.8%

April

92.2%

94.2%

+2.1%

May

92.3%

94.6%

+2.5%

June

92.5%

94.8%

+2.5%

July

92.1%

94.6%

+2.7%

August

92.2%

94.3%

+2.3%

September

91.8%

94.2%

+2.7%

October

91.5%

94.0%

+2.8%

November

91.9%

93.9%

+2.2%

12-Month Avg

91.8%

93.8%

+2.2%

Historical Percent of Original List Price Received 97% 96% 95% 94% 93% 92% 91% 90% 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 8


Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

November

196

2010

Year To Date 209

207

+6.3%

-1.0%

2011

2012

Prior Year

Current Year

+/–

December

188

201

+7.2%

January

198

215

+8.4%

February

194

209

+7.5%

March

198

197

-0.2%

April

193

196

+1.8%

May

191

191

+0.1%

June

193

190

-1.4%

July

193

193

+0.1%

August

194

199

+2.2%

September

201

203

+0.7%

October

209

207

-0.6%

November

209

207

-1.0%

12-Month Avg

197

201

+2.1%

Month

204

190

206

+7.5%

+0.7%

2011

2012

2010

Historical Housing Affordability Index 220 210 200 190 180 170 160 150 140 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 9


Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.

November

Prior Year

Current Year

+/–

December

42,397

33,104

-21.9%

January

42,896

33,202

-22.6%

February

43,080

33,832

-21.5%

March

44,738

34,647

-22.6%

April

45,810

35,119

-23.3%

May

45,813

35,569

-22.4%

June

45,609

35,426

-22.3%

July

44,636

34,876

-21.9%

August

42,703

33,555

-21.4%

September

40,802

32,170

-21.2%

October

39,153

30,373

-22.4%

November

37,186

28,401

-23.6%

12-Month Avg

42,902

33,356

-22.3%

Month 46,448 37,186 28,401

2010

-19.9%

-23.6%

2011

2012

Historical Inventory of Homes for Sale 60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 10


Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

November

Prior Year

Current Year

+/–

December

7.2

5.6

-22.0%

January

7.4

5.6

-24.0%

February

7.5

5.6

-25.5%

March

7.9

5.7

-28.6%

April

8.5

5.6

-33.7%

May

8.3

5.6

-32.5%

June

8.2

5.5

-32.3%

July

7.9

5.4

-32.2%

August

7.5

5.1

-31.7%

September

7.1

4.8

-31.5%

October

6.7

4.5

-33.1%

November

6.4

4.2

-33.9%

12-Month Avg

7.5

5.3

-30.1%

Month 7.9 6.4

4.2

2010

-19.7%

-33.9%

2011

2012

Historical Months Supply of Inventory 9 8 7 6 5 4 3 2 1-2004

1-2005

Jeff & Sharon Kofahl 972-727-2621

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from North Texas Real Estate Information Systems, Inc. Powered by 10K Research and Marketing. | Click for Cover Page | 11

Market Watch Nov 2012  

Nov 2012 Market Update

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