December 2015 housing report

November 2015 Activity Snapshot

One-Year Change in One-Year Change inSingle FamilySold Listings

Single FamilyDays On Market

23456789

10111213141516

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Monthly Indicators

- 13.4% - 4.5% + 10.3%One-Year Change in

New Listings were up 9.0 percent for single family homes and 22.7 percent for townhouse-condo properties. Pending sales clocked in at 206 for single family homes and 50 for townhouse-condo properties.

The Median Sales Price was up 10.3 percent to $320,000 for single family homes and 11.4 percent to $233,000 for townhouse-condo properties. Days on Market decreased 4.5 percent for single family homes and 32.6 percent for condo properties.

Unemployment rates across the nation changed little last month, which bodes well for an increase in buying activity. The national jobless rate was 5.0 percent in October, which was 0.7 percent lower than the year prior. Although housing and employment data are quite positive at this juncture, it is still certainly possible for listings and sales to be down in year-over-year comparisons. Bad weather and the mix of housing available to buyers tend to have a greater effect on trends at the end of the year than during the midsummer months.

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

Sold Listings and Inventory by Price Range

Current as of December 6, 2015. All data from IRES, LLC. Powered by ShowingTime 10K.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexActive ListingsMonths Supply of InventoryAll Properties Activity Overview

New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received

Glossary of Terms

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 11-2014 11-2015 Percent Change YTD-2014 YTD-2015 Percent Change

-- --

Current as of December 6, 2015. All data from IRES, LLC. Powered by ShowingTime 10K. | 2

-- --

Months Supply 2.0 2.0 0.0% --

Active Listings 528 503 - 4.7% --

Affordability Index 120 113 - 5.8% 124 112 - 9.7%

Pct. of List Price Received 99.1% 99.3% + 0.2% 99.2% 100.1% + 0.9%

Avg. Sales Price $324,515 $352,564 + 8.6% $320,102 $358,382

Days on Market 88 84 - 4.5% 82 75 - 8.5%

-- --

Sold Listings 209 181 - 13.4% 2,973 2,804 - 5.7%

Median Sales Price $290,000 $320,000 + 10.3% $279,950 $322,796 + 15.3%

+ 12.0%

+ 1.0%

Pending Sales 205 206 + 0.5% 3,101 2,945 - 5.0%

New Listings 167 182 + 9.0% 3,624 3,661

Under Contract Not enough historical data for chart -- -- -- --

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

Townhouse-Condo Activity OverviewKey metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.


-- --


-- --

Months Supply 1.3 1.2 - 7.7% --




Avg. Sales Price $207,503 $242,607 + 16.9% $197,573 $226,760

Days on Market 89 60 - 32.6% 67 69 + 3.0%

-- --

Sold Listings 42 42 0.0% 777 774 - 0.4%


+ 14.8%

- 6.8%

Pending Sales 40 50 + 25.0% 828 784 - 5.3%

New Listings 44 54 + 22.7% 897 836


11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Dec-2014 127 -11.2% 65 +103.1%

Jan-2015 210 -25.8% 65 +1.6%

Feb-2015 285 +4.4% 71 +22.4%

Mar-2015 314 -5.4% 94 -6.9%

Apr-2015 404 -12.6% 102 +15.9%

May-2015 437 +2.8% 73 -15.1%

Jun-2015 419 -6.3% 88 -12.9%

Jul-2015 410 +11.1% 85 -26.7%

Aug-2015 370 +14.6% 62 -41.5%

Sep-2015 327 +18.9% 75 +17.2%

Oct-2015 303 +13.1% 67 -2.9%

Nov-2015 182 +9.0% 54 +22.7%

12-Month Avg 316 +0.6% 75 -3.0%

Historical New Listings by Month


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

199

45

167

44

182

54

Single Family Townhouse-Condo

November

0

100

200

300

400

500

600

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


3,841

824

3,624

897

3,661

836


Year to Date

2013 2014 2015

+ 22.7%- 2.2%+ 9.0%- 16.1% + 8.9%+ 1.0%- 5.6% - 6.8%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 2.6% + 11.1% + 1.9%- 6.3%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Dec-2014 162 +8.0% 48 +84.6%

Jan-2015 183 -19.4% 70 +18.6%

Feb-2015 254 +3.3% 76 +28.8%

Mar-2015 272 -18.1% 96 0.0%

Apr-2015 305 -14.6% 93 +24.0%

May-2015 328 +2.8% 67 -17.3%

Jun-2015 321 -8.8% 80 -12.1%

Jul-2015 306 -1.0% 68 -39.3%

Aug-2015 300 +17.6% 67 -25.6%

Sep-2015 228 -14.6% 59 -6.3%

Oct-2015 242 +4.3% 58 -6.5%

Nov-2015 206 +0.5% 50 +25.0%

12-Month Avg 259 -4.4% 69 -2.6%

Historical Pending Sales by Month

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


199

48

205

40

206

50


November

0

100

200

300

400

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


3,028

778

3,101

828

2,945

784


Year to Date

2013 2014 2015

+ 25.0%- 16.7%+ 0.5%+ 3.0% + 6.4%- 5.0%+ 2.4% - 5.3%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 9.3% + 11.0% + 14.2%+ 9.1%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Dec-2014 211 -10.6% 56 -8.2%

Jan-2015 179 +22.6% 38 +18.8%

Feb-2015 168 -1.2% 64 +25.5%

Mar-2015 243 +4.3% 83 +36.1%

Apr-2015 276 -2.5% 85 +7.6%

May-2015 268 -25.8% 83 +10.7%

Jun-2015 339 -2.0% 89 +1.1%

Jul-2015 318 -5.6% 87 0.0%

Aug-2015 315 0.0% 72 -26.5%

Sep-2015 291 +7.8% 74 -17.8%

Oct-2015 226 -25.4% 57 -23.0%

Nov-2015 181 -13.4% 42 0.0%

12-Month Avg 251 -6.0% 69 -1.0%

Historical Sold Listings by Month

A count of the actual sales that closed in a given month.


204

54

209

42

181

42


November

0

100

200

300

400

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


3,005

735

2,973

777

2,804

774


Year to Date

2013 2014 2015

0.0%- 22.2%- 13.4%+ 2.5% + 5.7%- 5.7%- 1.1% - 0.4%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 4.2% + 14.6% + 12.4%+ 8.0%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Dec-2014 $314,600 +22.4% $220,000 +18.1%

Jan-2015 $289,733 +16.3% $220,000 +19.2%

Feb-2015 $308,500 +23.0% $253,108 +40.9%

Mar-2015 $328,000 +28.1% $222,103 +38.8%

Apr-2015 $319,750 +14.2% $225,000 +25.0%

May-2015 $324,950 +13.6% $231,090 +32.1%

Jun-2015 $340,000 +23.1% $212,000 +18.1%

Jul-2015 $333,500 +15.0% $209,900 +16.0%

Aug-2015 $320,000 +11.7% $215,050 +22.9%

Sep-2015 $315,000 +9.6% $228,250 +9.2%

Oct-2015 $314,221 +9.5% $200,000 -3.7%

Nov-2015 $320,000 +10.3% $233,000 +11.4%

12-Month Avg* $322,000 +15.8% $220,000 +18.9%

Historical Median Sales Price by Month

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

* Median Sales Price for all properties from December 2014 through November 2015. This is not the average of the individual figures above.


$259,450

$167,500

$290,000

$209,250

$320,000

$233,000


November

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


$261,500

$167,900

$279,950

$185,000

$322,796

$220,000


Year to Date

2013 2014 2015

+ 11.4%+ 24.9%+ 10.3%+ 11.8% + 10.2%+ 15.3%+ 7.1% + 18.9%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 3.0% + 6.3% + 9.4%+ 0.6%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


Dec-2014 $345,351 +13.0% $260,513 +29.5%

Jan-2015 $332,530 +12.4% $215,068 +4.7%

Feb-2015 $339,461 +18.6% $242,771 +29.5%

Mar-2015 $354,826 +19.5% $227,303 +29.0%

Apr-2015 $358,923 +13.0% $233,751 +21.4%

May-2015 $355,868 +5.6% $231,310 +21.5%

Jun-2015 $383,739 +22.1% $227,558 +20.9%

Jul-2015 $380,345 +15.1% $206,571 +7.5%

Aug-2015 $362,331 +10.1% $211,409 +12.0%

Sep-2015 $347,546 +5.5% $233,155 +8.9%

Oct-2015 $343,230 +5.5% $227,721 -3.1%

Nov-2015 $352,564 +8.6% $242,607 +16.9%

12-Month Avg* $357,470 +12.0% $229,037 +15.8%

Historical Average Sales Price by Month

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

* Avg. Sales Price for all properties from December 2014 through November 2015. This is not the average of the individual figures above.


$306,012

$185,801

$324,515

$207,503

$352,564

$242,607


November

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

+ 16.9%+ 11.7%+ 8.6%+ 6.0%2013 2014 2015

+ 10.3% + 8.8%

$299,486

$178,608

$320,102

$197,573

$358,382

$226,760


Year to Date

+ 14.8%+ 10.6%2013 2014 2015 2013 2014 2015

+ 12.0%+ 6.9%+ 6.8% + 9.5%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


Dec-2014 98.1% -0.4% 100.2% +1.2%

Jan-2015 98.5% +0.5% 99.7% +1.7%

Feb-2015 99.5% +0.6% 100.6% +2.0%

Mar-2015 99.9% +1.3% 101.9% +3.0%

Apr-2015 100.6% +1.1% 101.1% +1.1%

May-2015 101.2% +1.8% 102.4% +2.5%

Jun-2015 101.1% +1.6% 102.9% +3.5%

Jul-2015 100.4% +0.8% 102.9% +3.4%

Aug-2015 100.1% +1.0% 100.7% +1.5%

Sep-2015 99.8% +0.9% 101.6% +1.9%

Oct-2015 98.8% -0.5% 100.1% +0.6%

Nov-2015 99.3% +0.2% 100.2% +1.4%

12-Month Avg* 99.1% +0.8% 99.3% +2.1%

Historical Percent of List Price Received by Month

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.

* Pct. of List Price Received for all properties from December 2014 through November 2015. This is not the average of the individual figures above.


98.3% 97.6%99.1% 98.8%99.3% 100.2%


November

94%

96%

98%

100%

102%

104%

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


98.9% 99.0%99.2% 99.4%100.1% 101.5%


Year to Date

2013 2014 2015

+ 1.4%+ 1.2%+ 0.2%+ 0.8% + 0.4%+ 0.9%+ 0.3% + 2.1%2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 0.2% + 0.5% + 1.2%- 0.5%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Dec-2014 87 -12.1% 103 -1.0%

Jan-2015 95 -7.8% 73 -24.7%

Feb-2015 93 -2.1% 75 +25.0%

Mar-2015 79 -12.2% 71 +7.6%

Apr-2015 76 0.0% 72 +14.3%

May-2015 74 -3.9% 74 +23.3%

Jun-2015 68 -15.0% 66 +17.9%

Jul-2015 64 0.0% 53 +12.8%

Aug-2015 71 -12.3% 58 +23.4%

Sep-2015 67 -11.8% 78 -17.9%

Oct-2015 79 -11.2% 79 -2.5%

Nov-2015 84 -4.5% 60 -32.6%

12-Month Avg 76 -8.3% 71 +2.4%

Historical Days on Market Until Sale by Month* Days on Market for all properties from December 2014 through November 2015. This is not the average of the individual figures above.


Average number of days between when a property is listed and when an offer is accepted in a given month.

85

71

88 8984

60


November

25

50

75

100

125

150

175

200

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


8073

82

67

7569


Year to Date

2013 2014 2015

- 32.6%+ 25.4%- 4.5%+ 3.5% - 8.2%- 8.5%+ 2.5% + 3.0%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 19.8% - 22.3% - 18.9%+ 18.3%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Dec-2014 111 -15.3% 159 -12.2%

Jan-2015 127 -3.8% 168 -6.1%

Feb-2015 120 -9.8% 146 -21.5%

Mar-2015 111 -15.3% 164 -21.9%

Apr-2015 115 -3.4% 164 -11.4%

May-2015 114 -5.0% 160 -18.4%

Jun-2015 107 -13.7% 171 -10.5%

Jul-2015 107 -9.3% 170 -10.1%

Aug-2015 112 -6.7% 167 -14.8%

Sep-2015 116 -1.7% 159 -2.5%

Oct-2015 116 -4.1% 182 +9.0%

Nov-2015 113 -5.8% 155 -6.6%

12-Month Avg 114 -8.9% 124 -15.8%

Historical Housing Affordability Index by Month

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.


136

211

120

166

113

155


November

100

125

150

175

200

225

250

275

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

- 6.6%- 21.3%- 5.8%- 11.8%2013 2014 2015

- 6.8% - 5.0%

135

210

124

187

112

164


Year to Date

- 12.3%- 11.0%- 9.7%- 8.1%- 10.0% - 12.5%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


Dec-2014 432 -27.6% 99 +28.6%

Jan-2015 430 -27.4% 85 +10.4%

Feb-2015 429 -27.0% 71 +1.4%

Mar-2015 443 -18.1% 68 -1.4%

Apr-2015 473 -20.5% 68 -15.0%

May-2015 545 -17.3% 74 -10.8%

Jun-2015 590 -16.7% 72 -20.0%

Jul-2015 618 -12.3% 82 -5.7%

Aug-2015 620 -13.0% 72 -22.6%

Sep-2015 654 -1.5% 86 -3.4%

Oct-2015 600 -4.0% 86 0.0%

Nov-2015 503 -4.7% 83 -7.8%

12-Month Avg* 528 -15.7% 79 -4.5%

Historical Inventory of Active Listings by Month

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

* Active Listings for all properties from December 2014 through November 2015. This is not the average of the individual figures above.


697

80

528

90

503

83


November

0

200

400

600

800

1,000

1,200

1,400

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015- 7.8%+ 12.5%- 4.7%- 24.2%

2013 2014 2015- 9.5% - 39.4%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


Dec-2014 1.6 -27.3% 1.4 +16.7%

Jan-2015 1.6 -27.3% 1.2 0.0%

Feb-2015 1.6 -27.3% 1.0 0.0%

Mar-2015 1.6 -20.0% 0.9 -10.0%

Apr-2015 1.8 -21.7% 0.9 -25.0%

May-2015 2.1 -16.0% 1.0 -16.7%

Jun-2015 2.3 -11.5% 1.0 -28.6%

Jul-2015 2.4 -11.1% 1.1 -15.4%

Aug-2015 2.4 -11.1% 1.0 -28.6%

Sep-2015 2.5 0.0% 1.2 -7.7%

Oct-2015 2.4 +4.3% 1.2 0.0%

Nov-2015 2.0 0.0% 1.2 -7.7%

12-Month Avg* 2.0 -14.1% 1.1 -9.4%

Historical Months Supply of Inventory by Month* Months Supply for all properties from December 2014 through November 2015. This is not the average of the individual figures above.


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

2.6

1.2

2.0

1.3

2.0

1.2


November

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015- 7.7%+ 8.3%0.0%- 23.1%

2013 2014 2015- 7.1% - 36.8%

All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.


-- --


-- --

Months Supply 1.8 1.8 - 0.2% --




Avg. Sales Price $304,935 $331,855 + 11.9% $294,707 $329,909

Days on Market 88 79 - 6.3% 79 74 - 6.3%

-- --

Sold Listings 251 223 - 11.2% 3,750 3,578 - 4.6%


+ 11.9%

- 0.5%

Pending Sales 245 256 + 4.5% 828 784 - 5.3%

New Listings 211 236 + 11.8% 4,521 4,497


11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

11-2012 11-2013 11-2014 11-2015

Sold Listings

By Price Range 11-2014 11-2015 Change 11-2014 11-2015 Change 10-2015 11-2015 Change 10-2015 11-2015 Change 11-2014 11-2015 Change 11-2014 11-2015 Change$99,999 and Below 29 21 - 27.6% 21 6 - 71.4% 3 3 0.0% 0 0 -- 28 21 - 25.0% 19 5 - 73.7%$100,000 to $199,999 291 134 - 54.0% 467 315 - 32.5% 14 7 - 50.0% 28 13 - 53.6% 255 127 - 50.2% 434 293 - 32.5%$200,000 to $299,999 1,554 1,049 - 32.5% 295 377 + 27.8% 82 63 - 23.2% 22 20 - 9.1% 1,444 963 - 33.3% 276 351 + 27.2%$300,000 to $399,999 755 1,024 + 35.6% 42 120 + 185.7% 77 59 - 23.4% 4 9 + 125.0% 707 947 + 33.9% 36 115 + 219.4%$400,000 to $499,999 290 422 + 45.5% 7 7 0.0% 26 27 + 3.8% 2 0 - 100.0% 267 400 + 49.8% 6 7 + 16.7%$500,000 to $699,999 202 259 + 28.2% 5 3 - 40.0% 20 17 - 15.0% 0 0 -- 188 249 + 32.4% 5 2 - 60.0%$700,000 to $999,999 70 84 + 20.0% 1 1 0.0% 2 5 + 150.0% 1 0 - 100.0% 67 77 + 14.9% 1 1 0.0%$1,000,000 to $1,999,999 17 20 + 17.6% 0 0 -- 2 0 - 100.0% 0 0 -- 16 18 + 12.5% 0 0 --$2,000,000 and Above 1 2 + 100.0% 0 1 -- 0 0 -- 0 0 -- 1 2 + 100.0% 0 0 --All Price Ranges 3,209 3,015 - 6.0% 838 830 - 1.0% 226 181 - 19.9% 57 42 - 26.3% 2,973 2,804 - 5.7% 777 774 - 0.4%

Inventory of Active Listings

By Price Range 11-2014 11-2015 Change 11-2014 11-2015 Change 10-2015 11-2015 Change 10-2015 11-2015 Change$99,999 and Below 10 5 - 50.0% 0 0 -- 7 5 - 28.6% 0 0 --$100,000 to $199,999 47 32 - 31.9% 16 7 - 56.3% 36 32 - 11.1% 12 7 - 41.7%$200,000 to $299,999 98 55 - 43.9% 35 29 - 17.1% 77 55 - 28.6% 28 29 + 3.6%$300,000 to $399,999 130 137 + 5.4% 36 23 - 36.1% 165 137 - 17.0% 24 23 - 4.2%$400,000 to $499,999 92 92 0.0% 2 8 + 300.0% 108 92 - 14.8% 7 8 + 14.3%$500,000 to $699,999 93 119 + 28.0% 0 2 -- 136 119 - 12.5% 1 2 + 100.0%$700,000 to $999,999 46 47 + 2.2% 0 11 -- 53 47 - 11.3% 11 11 0.0%$1,000,000 to $1,999,999 11 14 + 27.3% 0 3 -- 16 14 - 12.5% 3 3 0.0%$2,000,000 and Above 1 2 + 100.0% 1 0 - 100.0% 2 2 0.0% 0 0 --All Price Ranges 528 503 - 4.7% 90 83 - 7.8% 600 503 - 16.2% 86 83 - 3.5%

There are no year-to-date figures for inventory because it is simply a

snapshot frozen in time at the end of each month. It does not add up over

a period of months.


A measure of the number of homes available for sale at a given time.

Year over Year Compared to Prior Month Year to DateSingle Family Townhouse-Condo Single Family Townhouse-Condo Single Family Townhouse-Condo

Actual sales that have closed in a given quarter.

Rolling 12 Months Compared to Prior Month Year to DateSingle Family Townhouse-Condo Single Family Townhouse-Condo Single Family Townhouse-Condo

3,209

838

4,0473,015

830

3,845

Singe Family Townhouse-Condo All Properties

By Property Type 11-2014 11-2015

528

90

618503

83

586

Singe Family Townhouse-Condo All Properties

By Property Type 11-2014 11-2015

50

758

1,849

797297 207 71 17 127

449

1,426 1,144

429 262 85 20 3

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $699K $700K to $799K $1.0M to $1.9M $2.0M+

By Price Range – All Properties – Rolling 12 Months 11-2014 11-2015

+ 200.0%

1063

133166

94 9346

11 2539

84

160100 121

5817 2

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $699K $700K to $799K $1.0M to $1.9M $2.0M+

By Price Range – All Properties 11-2014 11-2015

- 46.0% - 40.8% - 22.9% + 43.5% + 17.6%+ 44.4% + 26.6% + 19.7% - 6.0% - 1.0% - 5.0%

0.0%- 50.0% - 38.1% - 36.8% - 3.6% + 54.5%+ 30.1% + 26.1% - 4.7% - 7.8% - 5.2%+ 6.4%

Glossary of Terms

New Listings

Pending Sales

Under Contract Activity

Sold Listings

Median Sales Price

Average Sales Price

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Active Listings

Months Supply of Inventory


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 measure of how long it takes homes to sell, on average.

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.

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.

December 2015 housing report

Documents

Transcript of December 2015 housing report