january 2014 market report for munster, indiana

8/13/2019 January 2014 Market Report for Munster, Indiana

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MARKET ACTION REPORT

January 2014

City: Munster Candace TaylorRealtor(219) 488-9044(781) 547-7364 [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $192,950

Average List Price of all Current Listings $303,665

January Median Sales Price $171,207 $171,207

January Average Sales Price $170,972 $170,972

Total Properties Currently for Sale (Inventory) 98

January Number of Properties Sold 20 20

January Average Days on Market (Solds) 98 98

Asking Price per Square Foot (based on New Listings) $109 $109

January Sold Price per Square Foot $82 $82

January Month's Supply of Inventory 4.9 4.9

January Sale Price vs List Price Ratio 94.7% 94.5%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales January Property sales were 20, up 5.3% from 19 in January of 2013 and -13.0% lower than the 23 sales last month. January 2014 sales were at their highestlevel compared to January of 2013 and 2012. January YTD sales of 20 are running 5.3% ahead of last year's year-to-date sales of 19.

Prices




January 2014



Inventory & MSI The Total Inventory of Properties available for sale as of January was 98, down -14.8% from 115 last month and down -12.5% from 112 in January of last year.January 2014 Inventory was at the lowest level compared to January of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2014 MSI of 4.9 months was at its lowest levelcompared with January of 2013 and 2012.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for January was 98, up 92.2% from 51 dayslast month and down -19.0% from 121 days in January of last year. The January 2014 DOM was at a mid range compared with January of 2013 and 2012.




January 2014



Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The January 2014 Selling Price vs List Price of 94.7% wasdown from 98.2% last month and down from 95.1% in January of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in January 2014 was 35, up 29.6% from 27 last monthand up 6.1% from 33 in January of last year.




January 2014



© 2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential

Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Based on information from Greater Northwest Indiana Association of REALTORS for the period 2/1/2011 through 1/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational andmay not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14

Homes Sold 11 13 17 27 20 24 30 19 14 14 17 12 17 10 23 27 31 25 33 24 20 20 19 19 16 22 24 36 38 34 30 25 32 25 23 203 Mo. Roll Avg 14 19 21 24 25 24 21 16 15 14 15 13 17 20 27 28 30 27 26 21 20 19 18 19 21 27 33 36 34 30 29 27 27 23

(000's) F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14

MedianSalePrice 200 180 163 152 185 180 189 166 176 193 155 178 156 123 150 192 180 183 217 208 184 160 160 170 158 167 164 205 200 180 171 195 150 220 198 1713 Mo. Roll Avg 181 165 167 172 185 178 177 178 175 175 163 152 143 155 174 185 193 203 203 184 168 163 162 165 163 179 190 195 184 182 172 188 189 196


Inventory 172 194 199 197 206 201 184 173 183 175 143 144 150 166 178 176 186 183 175 162 154 147 102 112 116 121 123 125 128 138 143 154 138 123 115 98MSI 16 15 12 7 10 8 6 9 13 13 8 12 9 17 8 7 6 7 5 7 8 7 5 6 7 6 5 3 3 4 5 6 4 5 5 5


Days On Market 168 157 121 110 137 109 100 78 103 126 138 81 131 67 168 99 89 70 143 86 91 46 78 121 142 146 87 117 70 67 69 74 69 70 51 983 Mo. Roll Avg 149 129 123 119 115 96 94 102 122 115 117 93 122 111 119 86 101 100 107 74 72 82 114 136 125 117 91 85 69 70 71 71 63 73


Price per Sq Ft 105 105 107 104 102 103 109 106 106 81 96 89 87 75 83 95 92 86 99 95 92 84 93 87 97 89 91 90 100 95 89 94 91 110 91 823 Mo. Roll Avg 106 105 104 103 105 106 107 98 94 89 91 84 82 84 90 91 92 93 95 90 90 88 92 91 92 90 94 95 95 93 91 98 97 94


Sale to List Price 0.917 0.947 0.938 0.939 0.968 0.953 0.943 0.945 0.948 0.997 0.956 0.949 0.947 0.936 0.940 0.933 0.950 0.941 0.943 0.960 0.958 0.993 0.963 0.951 0.968 0.951 0.956 0.955 0.994 0.959 0.962 0.970 0.950 1.001 0.982 0.947

3 Mo. Roll Avg 0.934 0.941 0.948 0.953 0.955 0.947 0.945 0.963 0.967 0.967 0.951 0.944 0.941 0.936 0.941 0.941 0.945 0.948 0.954 0.970 0.971 0.969 0.961 0.957 0.958 0.954 0.968 0.969 0.972 0.964 0.961 0.974 0.978 0.977


New Listings 33 48 42 43 49 47 35 33 39 22 19 30 43 52 45 49 48 35 38 24 36 30 14 33 32 40 43 42 42 55 50 41 43 23 27 35Inventory 172 194 199 197 206 201 184 173 183 175 143 144 150 166 178 176 186 183 175 162 154 147 102 112 116 121 123 125 128 138 143 154 138 123 115 98Sales 11 13 17 27 20 24 30 19 14 14 17 12 17 10 23 27 31 25 33 24 20 20 19 19 16 22 24 36 38 34 30 25 32 25 23 20

(000's) F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14

Avg Sale Price 280 199 168 189 187 181 248 187 199 199 178 170 192 131 172 206 226 228 269 218 202 183 180 217 257 161 183 221 227 179 209 202 164 275 219 1713 Mo. Roll Avg 216 185 181 186 206 206 211 195 192 182 180 164 165 169 201 220 241 238 230 201 188 193 218 212 200 188 210 209 205 197 192 214 219 222

january 2014 market report for munster, indiana

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