may 2014 housing report
DESCRIPTION
The public has finally grown used to talk of a real estate market in recovery. One-Year Change in with prices going up, people are starting to wonder if a new bubble is forming. Most metropolitan markets are somewhere between recovery and normalization. Supply is still tight but improving in some areas. What housing really needs is further job and wage growth to support healthy demand levels fueled by new household formations. A comprehensive Housing Report from the Fort Collins Board of REALTORS® outlining the latest market reports for single family and multi-famliy housing in the greater Fort Collins Area. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings. For more information please visit www.fcbr.org/HousingReports or call 223-2900TRANSCRIPT
April 2014 Activity Snapshot
One-Year Change in One-Year Change in
Single FamilySold Listings
Single FamilyDays On Market
2
Monthly Indicators
- 2.5% - 8.4% + 7.1%One-Year Change inThe public has finally grown used to talk of a real estate market in recovery.
With prices going up, people are starting to wonder if a new bubble is forming. Most metropolitan markets are somewhere between recovery and normalization. Supply is still tight but improving in some areas. What housing really needs is further job and wage growth to support healthy demand levels fueled by new household formations.
New Listings were up 13.4 percent for single family homes but decreased 29.6 percent for townhouse-condo properties. Pending sales clocked in at 79 for
Single FamillyMedian 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 23456789
101112131415
Click on desired metric to jump to that page.
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing.
Townhouse-Condo Activity Overview
Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewGlossary of TermsMonths Supply of Inventory
New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received
percent for townhouse condo properties. Pending sales clocked in at 79 for single family homes and 23 for townhouse-condo properties.
The Median Sales Price was up 7.1 percent to $280,000 for single family homes and 12.7 percent to $180,000 for townhouse-condo properties. Months Supply of Inventory stood at 3.5 for single family units and 2.4 months for townhouse-condo units.
April's job growth was above expectations. Growth is likely to accelerate through the year, but the types of jobs being created is also important. We're producing more low-wage jobs as opposed to high-wage jobs. That's not conducive to increasing the number of potential buyers. It also means less disposable income sloshing around. Even so, some local markets may pause but are unlikely to falter thanks to suppressed supply levels and an improving sales mix. Don't confuse temporarily weak demand indicators for stagnation.
Single Family Activity Overview
All Properties Activity Overview
Single Family Activity OverviewKey metrics for Single Family by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 4-2013 4-2014 Percent Change YTD-2013 YTD-2014 Percent Change
- 1.3%
Pending Sales 313 79 - 74.8% 1,137 769 - 32.4%
New Listings 382 433 + 13.4% 1,311 1,294
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 284 277 - 2.5% 904 824 - 8.8%
Median Sales Price $261,450 $280,000 + 7.1% $254,700 $261,682 + 2.7%
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
+ 5.1%
Pct. of List Price Received 99.0% 99.5% + 0.5% 98.6% 98.9% + 0.3%
Average Sales Price $289,018 $317,983 + 10.0% $287,058 $301,600
Days on Market 83 76 - 8.4% 94 89 - 5.3%
Affordability Index 139 119 - 14.4% 142 128 - 9.9%
-- --
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
-- --
Months Supply Not enough historical data for chart -- 3.5 -- --
Active Listings Not enough historical data for chart -- 927 -- --
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
Townhouse-Condo Activity OverviewKey metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 4-2013 4-2014 Percent Change YTD-2013 YTD-2014 Percent Change
- 2.6%
Pending Sales 112 23 - 79.5% 298 200 - 32.9%
New Listings 115 81 - 29.6% 310 302
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 66 77 + 16.7% 191 220 + 15.2%
Median Sales Price $159,700 $180,000 + 12.7% $162,000 $178,950 + 10.5%
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
+ 10.9%
Pct. of List Price Received 98.9% 99.9% + 1.0% 98.7% 98.9% + 0.2%
Average Sales Price $163,762 $192,107 + 17.3% $170,048 $188,535
Days on Market 68 61 - 10.3% 84 68 - 19.0%
Affordability Index 227 185 - 18.5% 224 186 - 17.0%
-- --
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
-- --
Months Supply Not enough historical data for chart -- 2.4 -- --
Active Listings Not enough historical data for chart -- 167 -- --
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
New Listings
New ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 514 +21.5% 87 +1.2%
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 266 -9.8% 58 -12.1%
Mar-2014 312 -14.8% 99 +25.3%
Apr-2014 433 +13.4% 81 -29.6%
12-Month Avg 331 +7.3% 71 +2.3%
A count of the properties that have been newly listed on the market in a given month.
374
99
382
115
433
81
April
1,211
317
1,311
310
1,294
302
Year to Date
2012 2013 2014
- 29 6%+ 16 2%+ 13 4%+ 2 1% 2 2%1 3%+ 8 3% 2 6%
2012 2013 2014 2012 2013 2014 2012 2013 2014
2 9% + 0 3% + 7 5%+ 10 0%12 Month Avg 331 +7.3% 71 +2.3%
Historical New Listings by Month
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Single Family Townhouse-Condo
0
100
200
300
400
500
600
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
- 29.6%+ 16.2%+ 13.4%+ 2.1% - 2.2%- 1.3%+ 8.3% - 2.6%
2012 2013 2014 2012 2013 2014 2012 2013 2014
- 2.9% + 0.3% + 7.5%+ 10.0%
Pending Sales
Pending SalesSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 357 +15.9% 87 +1.2%
Jun-2013 349 +14.4% 77 -8.3%
Jul-2013 296 +0.3% 71 +6.0%
Aug-2013 244 +7.0% 76 +28.8%
Sep-2013 215 -2.3% 53 +3.9%
Oct-2013 227 +3.2% 65 +25.0%
Nov-2013 197 +8.2% 43 -2.3%
Dec-2013 145 -12.7% 25 -24.2%
Jan-2014 214 -10.1% 55 +3.8%
Feb-2014 229 -10.5% 53 -7.0%
Mar-2014 247 -25.2% 69 -9.2%
Apr-2014 79 -74.8% 23 -79.5%
12-Month Avg 233 -8.6% 58 -9.9%
A count of the properties on which offers have been accepted in a given month.
283
95
313
112
79
23
April
970
238
1,137
298
769
200
Year to Date
2012 2013 2014
- 79 5%+ 17 9%74 8%+ 10 6% + 25 2%32 4%+ 17 2% 32 9%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 20 4% + 21 9% + 13 9%+ 46 2%12 Month Avg 233 8.6% 58 9.9%
Historical Pending Sales by Month
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Single Family Townhouse-Condo
0
100
200
300
400
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
- 79.5%+ 17.9%- 74.8%+ 10.6% + 25.2%- 32.4%+ 17.2% - 32.9%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 20.4% + 21.9% + 13.9%+ 46.2%
Sold Listings
Sold ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 327 +10.1% 102 +32.5%
Jun-2013 329 +1.2% 89 -5.3%
Jul-2013 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 145 -14.2% 32 -5.9%
Feb-2014 170 -7.1% 51 +27.5%
Mar-2014 232 -13.4% 60 +17.6%
Apr-2014 277 -2.5% 77 +16.7%
12-Month Avg 263 +5.2% 69 +12.2%
A count of the actual sales that closed in a given month.
242
45
284
66
277
77
April
699
159
904
191
824
220
Year to Date
2012 2013 2014
+ 16 7%+ 46 7%2 5%+ 17 4% + 20 1%8 8%+ 29 3% + 15 2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 32 2% + 21 6% 0 0%- 19 6%12 Month Avg 263 +5.2% 69 +12.2%
Historical Sold Listings by Month
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Single Family Townhouse-Condo
0
100
200
300
400
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
+ 16.7%+ 46.7%- 2.5%+ 17.4% + 20.1%- 8.8%+ 29.3% + 15.2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 32.2% + 21.6% 0.0%- 19.6%
Median Sales Price
Median Sales PriceSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 $265,000 +11.8% $157,500 -1.6%
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 $248,100 -1.0% $184,500 +1.7%
Feb-2014 $250,725 +3.2% $179,601 +22.4%
Mar-2014 $258,000 +1.2% $158,500 -2.5%
Apr-2014 $280,000 +7.1% $180,000 +12.7%
12-Month Avg* $264,000 +5.6% $172,300 +10.4%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$245,000
$133,000
$261,450
$159,700
$280,000
$180,000
April
$241,000
$152,500
$254,700
$162,000
$261,682
$178,950
Year to Date
2012 2013 2014
+ 12 7%+ 20 1%+ 7 1%+ 6 7% + 6 2%+ 2 7%+ 5 7% + 10 5%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 7 2% + 7 1% + 1 7%- 7 5%12 Month Avg $264,000 +5.6% $172,300 +10.4%
Historical Median Sales Price by Month* Median Sales Price for all properties from May 2013 through April 2014. This is not the average of the individual figures above.
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Single Family Townhouse-Condo
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
+ 12.7%+ 20.1%+ 7.1%+ 6.7% + 6.2%+ 2.7%+ 5.7% + 10.5%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 7.2% + 7.1% + 1.7%- 7.5%
Average Sales Price
Average Sales Price
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 $290,118 +7.7% $174,671 +5.4%
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 $295,555 +2.6% $205,325 +9.8%
Feb-2014 $286,294 -1.1% $187,247 +15.9%
Mar-2014 $297,034 +5.0% $176,092 +1.4%
Apr-2014 $317,983 +10.0% $192,107 +17.3%
12-Month Avg* $304,053 +6.7% $184,900 +10.5%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$276,861
$152,039
$289,018
$163,762
$317,983
$192,107
April
2012 2013 2014
+ 17 3%+ 7 7%+ 10 0%+ 4 4%2012 2013 2014
+ 4 1% - 1 7%
$273,181
$159,793
$287,058
$170,048
$301,600
$188,535
Year to Date
+ 10 9%+ 6 4%2012 2013 2014 2012 2013 2014
+ 5 1%+ 5 1%+ 3 6% + 3 5%12 Month Avg $304,053 +6.7% $184,900 +10.5%
Historical Average Sales Price by Month* Average Sales Price for all properties from May 2013 through April 2014. This is not the average of the individual figures above.
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Single Family Townhouse-Condo
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2012 2013 2014
+ 17.3%+ 7.7%+ 10.0%+ 4.4%2012 2013 2014
+ 4.1% - 1.7%
Single Family Townhouse-Condo
+ 10.9%+ 6.4%2012 2013 2014 2012 2013 2014
+ 5.1%+ 5.1%+ 3.6% + 3.5%
Percent of List Price Received
Pct. of List Price Received
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 99.2% +0.7% 99.2% +1.2%
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 98.1% +0.2% 98.0% -0.4%
Feb-2014 98.9% +0.8% 98.4% 0.0%
Mar-2014 98.6% -0.3% 98.6% -0.3%
Apr-2014 99.5% +0.5% 99.9% +1.0%
12-Month Avg* 98.4% +0.5% 98.3% +0.8%
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.
97.9% 97.4%99.0% 98.9%99.5% 99.9%
April
98.1% 96.9%98.6% 98.7%98.9% 98.9%
Year to Date
2012 2013 2014
+ 1 0%+ 1 5%+ 0 5%+ 1 1% + 1 9%+ 0 3%+ 0 5% + 0 2%2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0 4% + 0 6% 0 7%0 0%12 Month Avg 98.4% +0.5% 98.3% +0.8%
Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from May 2013 through April 2014. This is not the average of the individual figures above.
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Single Family Townhouse-Condo
94%
95%
96%
97%
98%
99%
100%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
+ 1.0%+ 1.5%+ 0.5%+ 1.1% + 1.9%+ 0.3%+ 0.5% + 0.2%2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0.4% + 0.6% - 0.7%0.0%
Days on Market Until Sale
Days on MarketSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 71 -22.8% 77 -1.3%
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%
12-Month Avg 80 -15.9% 72 -13.6%
Average number of days between when a property is listed and when an offer is accepted in a given month.
112
8483
6876
61
April
125
112
9484
89
68
Year to Date
2012 2013 2014
- 10 3%- 19 0%8 4%25 9% 25 0%5 3%24 8% 19 0%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 1 8% + 2 5% 21 7%- 39 6%12 Month Avg 80 15.9% 72 13.6%
Historical Days on Market Until Sale by Month* Days on Market for all properties from May 2013 through April 2014. This is not the average of the individual figures above.
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Single Family Townhouse-Condo
50
75
100
125
150
175
200
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
- 10.3%- 19.0%- 8.4%- 25.9% - 25.0%- 5.3%- 24.8% - 19.0%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 1.8% + 2.5% - 21.7%- 39.6%
Housing Affordability Index
Affordability IndexSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
May-2013 132 -12.6% 222 -0.9%
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 133 -8.9% 179 -10.9%
Feb-2014 133 -9.5% 186 -23.8%
Mar-2014 130 -7.1% 212 -3.2%
Apr-2014 119 -14.4% 185 -18.5%
12-Month Avg 128 -18.5% 146 -19.5%
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.
144
266
139
227
119
185
April
2012 2013 2014
18 5%14 7%14 4%3 5%2012 2013 2014
+ 2 9% + 19 3%
147
232
142
224
128
186
Year to Date
17 0%- 3 4%9 9%3 4%+ 2 8% + 8 4%2012 2013 2014 2012 2013 2014 12 Month Avg 128 18.5% 146 19.5%
Historical Housing Affordability Index by Month
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single Family Townhouse-Condo
100
125
150
175
200
225
250
275
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2012 2013 2014
- 18.5%- 14.7%- 14.4%- 3.5%2012 2013 2014
+ 2.9% + 19.3%
Single Family Townhouse-Condo
- 17.0%- 3.4%- 9.9%- 3.4%+ 2.8% + 8.4%2012 2013 2014 2012 2013 2014
All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 4-2013 4-2014 Percent Change YTD-2013 YTD-2014 Percent Change
- 1.5%
Pending Sales 425 102 - 76.0% 298 200 - 32.9%
New Listings 497 514 + 3.4% 1,621 1,596
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 350 354 + 1.1% 1,095 1,044 - 4.7%
Median Sales Price $235,000 $254,000 + 8.1% $237,000 $245,447 + 3.6%
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
+ 4.2%
Pct. of List Price Received 99.0% 99.6% + 0.3% 98.6% 98.9% + 0.3%
Average Sales Price $265,399 $290,603 + 4.2% $266,648 $277,774
Days on Market 80 72 - 8.7% 92 84 - 8.7%
Affordability Index 154 131 - 11.1% 153 136 - 11.1%
-- --
Current as of May 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
-- --
Months Supply Not enough historical data for chart -- 3.3 -- --
Active Listings Not enough historical data for chart -- 1,094 -- --
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
4-2011 4-2012 4-2013 4-2014
Glossary of Terms
New Listings
Pending Sales
Under Contract Activity
Sold Listings
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.
A research tool provided by the Colorado Association of REALTORS®
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).
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.
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.
A measure of home sales that were closed to completion during the report period.
Average Sales Price
Percent of List Price Received
Days on Market Until Sale
Housing Affordability Index
Active Listings
Months Supply of Inventory
Current as of February 17, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13
A sum of all home sales prices divided by total number of sales.
A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.
A sum of all home sales prices divided by total number of sales.
A measure of how affordable a region’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.
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.
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.