maryland real estate market activity august 2, 2010: new listings, pending sales, days on market
TRANSCRIPT
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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New Listings . . . . . . . . . 2
Publish Date: August 2, 2010Weekly Activity
Pending Sales . . . . . . . . . 3
For the week ending July 24, New Listings in the MRIS region
were up a slight 1.6 percent over last year with 3,884 new
properties coming onto the market.
. . . . . . . . . 6
Most Recent Month
. . . . . . . . . 8
Percent of Original List Price Received at Sale
. . . . . . . . . 5
Months Supply of Inventory
Housing Affordability Index
Active Listings
Days on Market Until Sale
. . . . . . . . . 4
Pending Sales were up 2.9 percent to arrive at 2,470
purchase agreements signed. For those sellers still waiting to
get an offer, they can anticipate receiving 94.7 percent of
their original list price and a market time of 73 days.
The drop in year-over-year inventory continued last week,down 6.2 percent to 63,214 Active Listings for Sale. This
downward trend has helped keep the Months Supply of
Inventory balanced with demand at 6.4 months; however, it
has been creeping up slowly over the past few months.
. . . . . . . . . 7
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 1
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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New ListingsAs of August 2, 2010
Last Three Months Weekly New Listings
4,684 4,465 + 4.9%
4,048 4,301 - 5.9%
4,170 4,354 - 4.2%
4,027 4,173 - 3.5%
3,859 3,716 + 3.8%
3,910 4,334 - 9.8%
4,277 4,271 + 0.1%
4,147 3,909 + 6.1%
4,149 3,939 + 5.3%
3,890 3,635 + 7.0%
3,966 4,141 - 4.2%
4,079 4,114 - 0.9%
3,884 3,822 + 1.6%
53,090 53,174 - 0.2%3-Month Total:
7/24/2010
7/17/2010
5/29/2010
6/5/2010
6/12/2010
6/19/2010
6/26/2010
7/3/2010
7/10/2010
5/8/2010
5/15/2010
5/22/2010
For the week
ending:
5/1/2010
One Year
Ago
One Year
Change
Current
Activity
3,000
3,500
4,000
4,500
5,000
Current Activity
One Year Ago
3,000
3,500
4,000
4,500
5,000
5/1/10 5/8/10 5/15/10 5/22/10 5/29/10 6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10
Current Activity
One Year Ago
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10
Historical New Listings
Compared to Last Year: Even
Compared to 2003: Down (-)
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 2
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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Pending SalesAs of August 2, 2010
Last Three Months Weekly Pending Sales
4,530 2,614 + 73.3%
1,814 2,697 - 32.7%
1,991 2,537 - 21.5%
2,154 2,602 - 17.2%
2,194 2,208 - 0.6%
1,936 2,750 - 29.6%
2,469 2,438 + 1.3%
2,333 2,510 - 7.1%
2,351 2,337 + 0.6%
2,524 2,346 + 7.6%
1,956 2,251 - 13.1%
2,402 2,478 - 3.1%
2,470 2,400 + 2.9%
31,124 32,168 - 3.2%
6/26/2010
5/1/2010
7/3/2010
7/10/2010
For the week
ending:
Current
Activity
One Year
Ago
One Year
Change
3-Month Total:
5/8/2010
7/24/2010
7/17/2010
5/29/2010
6/5/2010
5/15/2010
5/22/2010
6/12/2010
6/19/2010
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
1 1 1 1 1 1 1 1 1 1 1 1 1 7 1 7 1 1 7 17 1 7 4 1
Current Activity
One Year Ago
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5/1/10 5/8/10 5/15/10 5/22/10 5/29/10 6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10
Current Activity
One Year Ago
0
1,000
2,000
3,000
4,000
5,000
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10
Historical Pending Sales
Down (-)
Down (-)
Compared to Last Year:
Compared to 2003:
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 3
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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Active Listings for SaleAs of August 2, 2010
Last Three Months Weekly Inventory for Sale
64,798 69,705 - 7.0%
63,087 69,165 - 8.8%
63,705 69,077 - 7.8%
64,347 69,334 - 7.2%
64,763 69,412 - 6.7%
64,405 68,610 - 6.1%
64,674 68,707 - 5.9%
64,836 68,802 - 5.8%
64,883 68,789 - 5.7%
65,067 68,999 - 5.7%
63,988 67,563 - 5.3%
64,114 67,554 - 5.1%
63,696 67,560 - 5.7%
63,214 67,412 - 6.2%
5/15/2010
One Year
Change
6/12/2010
7/10/2010
5/8/2010
6/5/2010
6/19/2010
6/26/2010
5/22/2010
7/17/2010
7/3/2010
7/24/2010
5/29/2010
5/1/2010
Inventory as of:Current
Inventory
One Year
Ago
4/24/2010
55,000
57,500
60,000
62,500
65,000
67,500
70,000
72,500
75,000
Current Inventory
One Year Ago
64,214 68,537 - 6.3%3-Month Avg:55,000
57,500
60,000
62,500
65,000
67,500
70,000
72,500
75,000
4/24/10 5/1/10 5/8/10 5/15/10 5/22/10 5/29/10 6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10
Current Inventory
One Year Ago
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
1/11/03 5/11/03 9/8/03 1/6/04 5/5/04 9/2/04 12/31/04 4/30/05 8/28/05 12/26/05 4/25/06 8/23/06 12/21/06 4/20/07 8/18/07 12/16/07 4/14/08 8/12/08 12/10/08 4/9/09 8/7/09 12/5/09 4/4/10
Historical Weekly Inventory for Sale
Down (-)
Down (-)
Compared to Last Year:
Compared to 2003:
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 4
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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Days on Market Until Sale
95 107 - 11.4%
92 109 - 15.2%
91 112 - 18.7%
90 115 - 21.7%85 111 - 24.1%
86 112 - 23.6%
86 124 - 30.4%
87 123 - 29.1%
86 119 - 28.0%
78 110 - 29.0%
75 108 - 30.7%
73 100 - 26.9%
85 113 - 24.2%
8-2009
10-2009
9-2009
7-2009
Current
Year
One Year
Previous
One Year
ChangeMonth
11-2009
12-2009
12-Month Avg:
6-2010
2-2010
3-2010
4-2010
5-2010
1-2010
106100
73
6-2008 6-2009 6-2010
June 2010 73
- 26.9%- 5.6%
Down -Com ared to Last Year:
106100
73
6-2008 6-2009 6-2010
0
20
40
60
80
100
120
140
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
June 2010 73
- 26.9%- 5.6%
Historical Days on Market Until Sale
Down (-)
Up (+)
Compared to Last Year:
Compared to 2003:
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 5
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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Percent of Original List Price Received at Sale
93.4% 92.5% + 0.9%
93.8% 92.4% + 1.5%
94.1% 92.4% + 1.9%
94.1% 91.9% + 2.5%
94.4% 91.0% + 3.7%
93.9% 90.9% + 3.3%
93.6% 90.2% + 3.8%
93.9% 90.0% + 4.3%
94.1% 90.4% + 4.0%
94.6% 91.3% + 3.7%
94.8% 92.2% + 2.8%
94.7% 92.9% + 1.9%
94.1% 91.5% + 2.9%
11-2009
12-2009
12-Month Avg:
6-2010
2-2010
3-2010
4-2010
5-2010
1-2010
8-2009
10-2009
9-2009
7-2009
Current
Year
One Year
Previous
One Year
ChangeMonth
92.7% 92.9%
94.7%
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
6-2008 6-2009 6-2010
June 2010 94.7%
+ 1.9%+ 0.1%
Does not account for list prices from any previouslisting contracts or seller concessions.
Historical Percent of Original List Price Received at Sale
92.7% 92.9%
94.7%
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
6-2008 6-2009 6-2010
85%
90%
95%
100%
105%
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
June 2010 94.7%
+ 1.9%+ 0.1%
Up (+)
Down (-)
Does not account for list prices from any previouslisting contracts or seller concessions.
Compared to Last Year:
Compared to 2003:
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 6
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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Housing Affordability Index
131 115 + 13.5%
134 121 + 11.0%
141 132 + 7.0%
144 128 + 12.8%
147 143 + 3.1%
144 146 - 1.4%
152 152 + 0.2%
149 155 - 4.4%
149 146 + 2.2%
143 146 - 2.1%
138 136 + 1.4%
131 131 + 0.3%
142 138 + 3.2%
11-2009
12-2009
12-Month Avg:
6-2010
2-2010
3-2010
4-2010
5-2010
1-2010
8-2009
10-2009
9-2009
7-2009
Current
Year
One Year
Previous
One Year
ChangeMonth
113
131 131
6-2008 6-2009 6-2010
June 2010 131
+ 0.3%+ 20.0%
Th H in Aff r ilit In x m r h in ff r ilit f r th MRIS rvi
Historical Housing Affordability Index
113
131 131
6-2008 6-2009 6-2010
80
90
100
110
120
130
140
150
160
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
June 2010 131
+ 0.3%+ 20.0%
Even
Up (+)
The Housing Affordability Index measures housing affordability for the MRIS serviceregion. The higher the number, the more affordable our housing is.
An HAI of 120 would mean that the median household income was 120% of thenecessary income to qualify for the median priced home under prevailing interest rates.
Compared to Last Year:
Compared to 2003:
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 7
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8/9/2019 Maryland Real Estate Market Activity August 2, 2010: New Listings, Pending Sales, Days on Market
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Months Supply of Inventory
7.7 10.6 - 27.6%
7.5 10.5 - 28.9%
7.3 10.2 - 28.7%
7.1 9.8 - 27.6%
6.7 9.5 - 29.6%
6.4 9.1 - 30.0%
5.9 8.2 - 29.1%
5.9 8.2 - 28.1%
5.8 8.2 - 28.5%
5.9 8.1 - 26.7%
6.0 8.1 - 25.8%
6.4 7.9 - 18.7%
6.5 9.0 - 27.6%
8-2009
10-2009
7-2009
Current
Year
One Year
Previous
One Year
Change
9-2009
Month
11-2009
12-2009
12-Month Avg:
6-2010
2-2010
3-2010
4-2010
5-2010
1-2010
10.6
7.9
6.4
6-2008 6-2009 6-2010
June 2010 6.4 Months
- 18.7%- 25.4%
Historical Months Supply of Inventory
10.6
7.9
6.4
6-2008 6-2009 6-2010
0
2
4
6
8
10
12
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
June 2010 6.4 Months
- 18.7%- 25.4%
Down (-)
Up (+)
Compared to Last Year:
Compared to 2003:
All data provided by RealEstate Business Intelligence, LLC | An MRIS company
Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 8