maryland real estate market activity, january 31, 2011, new listings, pending sales, days on market
TRANSCRIPT
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
1/8
. . . . . . . . . 2
Publish Date: January 31, 2011Weekly Activity
Pending Sales . . . . . . . . . 3
The week ending January 22 marked the 12th consecutive week of year-
over-year gains in buyer activity and the fourth week of year-over-year
declines in seller activity for the MRIS region. Pending Sales increased
10.1 percent from a year prior to 2,186 purchase agreements signed. Over
New Listings
. . . . . . . . . 4
the same period, New Listings were down 15.3 percent to 3,066 new
properties.
The total number of Active Listings for sale continued to fall. This metric
dropped 5.1 percent from year-ago levels. That's the fifth consecutive week
of inventory drops and may be attributed to strong purchase demand
coupled with slow listing activity. This also marks the largest inventory drop
since the first full week of May 2010 or tax credit time.
Months Supply of Inventory was up slightly in December, it currently standsat 6.9 months just outside the ideal five to six range. Market times were
up from December 2009 by five days to register in at 90 days for December
2010. Sellers, on average, received about 92.0 percent of their original list
price which is identical to the December 2007 figure. . . . . . . . . . 7
. . . . . . . . . 6
Active Listings
Days on Market Until Sale
Most Recent Month
. . . . . . . . . 8
Percent of Original List Price Received at Sale
. . . . . . . . . 5
Months Supply of Inventory
Housing Affordability Index
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 1/31/2011. This report may be reproduced by MRIS members. 1
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
2/8
New ListingsAs of January 31, 2011
Last Three Months Weekly New Listings
3,264 3,245 + 0.6%
3,179 3,324 - 4.4%
3,170 3,274 - 3.2%
2,882 3,020 - 4.6%
1,776 1,931 - 8.0%
2,895 2,978 - 2.8%2,661 2,789 - 4.6%
2,348 2,209 + 6.3%
1,654 1,295 + 27.7%
1,597 1,875 - 14.8%
3,156 3,400 - 7.2%
3,066 3,644 - 15.9%
3,066 3,618 - 15.3%
34,714 36,602 - 5.2%
11/6/2010
11/13/2010
11/20/2010
For the week
ending:
10/30/2010
One Year
Ago
One Year
Change
Current
Activity
3-Month Total:
1/22/2011
1/15/2011
11/27/2010
12/4/201012/11/2010
12/18/2010
12/25/2010
1/1/2011
1/8/2011
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Current Activity
One Year Ago
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11
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 7/26/10 11/23/10
Historical New Listings
Compared to Last Year: Down (-)
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 1/31/2011. This report may be reproduced by MRIS members. 2
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
3/8
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
4/8
Active Listings for SaleAs of January 31, 2011
Last Three Months Weekly Inventory for Sale
67,566 64,662 + 4.5%
67,135 64,630 + 3.9%
65,532 63,223 + 3.7%
64,931 63,135 + 2.8%
64,225 62,816 + 2.2%
63,243 62,397 + 1.4%62,485 61,184 + 2.1%
60,989 60,680 + 0.5%
60,120 60,116 + 0.0%
58,886 59,313 - 0.7%
58,264 58,987 - 1.2%
55,058 56,362 - 2.3%
54,823 56,829 - 3.5%
54,267 57,195 - 5.1%
10/30/2010
Inventory as of:Current
Inventory
One Year
Ago
10/23/2010
12/18/2010
12/25/2010
11/20/2010
1/15/2011
1/1/2011
1/22/2011
11/27/2010
11/13/2010
One Year
Change
12/11/2010
1/8/2011
11/6/2010
12/4/2010
52,500
55,000
57,500
60,000
62,500
65,000
67,500
70,000
Current Inventory
One Year Ago
60,766 60,528 + 0.4%3-Month Avg:52,500
55,000
57,500
60,000
62,500
65,000
67,500
70,000
10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11
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 8/2/10 11/30/10
Historical Weekly Inventory for Sale
Even
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 1/31/2011. This report may be reproduced by MRIS members. 4
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
5/8
Days on Market Until Sale
86 124 - 31.2%
86 123 - 30.2%
85 119 - 28.9%
78 110 - 29.5%
74 108 - 31.4%
72 100 - 27.9%71 95 - 24.8%
76 92 - 17.4%
82 91 - 10.4%
83 90 - 7.5%
86 84 + 1.7%
90 85 + 5.9%
81 102 - 20.8%
5-2010
6-2010
12-Month Avg:
12-2010
8-2010
9-2010
10-2010
11-2010
7-2010
2-2010
4-2010
3-2010
1-2010
Current
Year
One Year
Previous
One Year
ChangeMonth
112
8590
12-2008 12-2009 12-2010
December 2010 90
+ 5.9%- 23.9%
U +Com ared to Last Year:
112
8590
12-2008 12-2009 12-2010
0
20
40
60
80
100
120
140
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
December 2010 90
+ 5.9%- 23.9%
Historical Days on Market Until Sale
Up (+)
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 1/31/2011. This report may be reproduced by MRIS members. 5
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
6/8
Percent of Original List Price Received at Sale
93.6% 90.2% + 3.8%
93.9% 90.0% + 4.4%
94.2% 90.4% + 4.1%
94.7% 91.3% + 3.7%
94.9% 92.2% + 2.9%
94.7% 92.9% + 2.0%
94.3% 93.4% + 0.9%
93.6% 93.8% - 0.2%
93.0% 94.1% - 1.2%
92.8% 94.1% - 1.4%
92.5% 94.4% - 2.0%
92.0% 93.9% - 2.0%
93.7% 92.6% + 1.2%
2-2010
4-2010
3-2010
1-2010
Current
Year
One Year
Previous
One Year
ChangeMonth
5-2010
6-2010
12-Month Avg:
12-2010
8-2010
9-2010
10-2010
11-2010
7-2010
90.9%
93.9%
92.0%
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
12-2008 12-2009 12-2010
December 2010 92.0%
- 2.0%+ 3.3%
Does not account for list prices from any previouslisting contracts or seller concessions.
Historical Percent of Original List Price Received at Sale
90.9%
93.9%
92.0%
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
12-2008 12-2009 12-2010
88%
90%
92%
94%
96%
98%
100%
102%
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
December 2010 92.0%
- 2.0%+ 3.3%
Down (-)
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 1/31/2011. This report may be reproduced by MRIS members. 6
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
7/8
Housing Affordability Index
152 152 + 0.2%
149 155 - 4.4%
149 146 + 2.2%
144 146 - 1.6%
139 136 + 1.7%
132 131 + 1.3%
131 131 + 0.4%
134 134 + 0.1%
142 141 + 0.9%
144 144 - 0.3%
145 147 - 1.2%
148 144 + 2.8%
142 142 + 0.1%
2-2010
4-2010
3-2010
1-2010
Current
Year
One Year
Previous
One Year
ChangeMonth
5-2010
6-2010
12-Month Avg:
12-2010
8-2010
9-2010
10-2010
11-2010
7-2010
146 144148
12-2008 12-2009 12-2010
December 2010 148
+ 2.8%+ 27.7%
The Housin Affordabilit Index measureshousin affordabilit for the MRIS service
Historical Housing Affordability Index
146 144148
12-2008 12-2009 12-2010
90
100
110
120
130
140
150
160
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
December 2010 148
+ 2.8%+ 27.7%
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 1/31/2011. This report may be reproduced by MRIS members. 7
-
8/7/2019 Maryland Real Estate Market Activity, January 31, 2011, New Listings, Pending Sales, Days on Market
8/8
Months Supply of Inventory
6.1 8.3 - 26.6%
6.1 8.2 - 24.9%
6.2 8.2 - 24.1%
6.6 8.1 - 19.5%
6.7 8.1 - 18.1%
7.0 8.0 - 11.7%
7.3 7.7 - 6.1%
7.5 7.6 - 0.9%
7.5 7.4 + 2.3%
7.7 7.2 + 6.3%
7.5 6.9 + 8.9%
6.9 6.5 + 5.5%
6.9 7.7 - 9.9%
5-2010
6-2010
12-Month Avg:
12-2010
8-2010
9-2010
10-2010
11-2010
7-2010
2-2010
4-2010
1-2010
Current
Year
One Year
Previous
One Year
Change
3-2010
Month9.1
6.56.9
12-2008 12-2009 12-2010
December 2010 6.9 Months
+ 5.5%- 28.1%
Historical Months Supply of Inventory
9.1
6.56.9
12-2008 12-2009 12-2010
0
2
4
6
8
10
12
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010
December 2010 6.9 Months
+ 5.5%- 28.1%
Up (+)
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 1/31/2011. This report may be reproduced by MRIS members. 8