February 2014 Housing Report
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Transcript of February 2014 Housing Report
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January 2014 Monthly Snapshot
One-Year Change in One-Year Change in
Single FamilySold Listings
Single FamilyDays On Market
2
Monthly Indicators
- 15.4% 0.0% - 1.0%One-Year Change in
The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That's not a bad thing, since the market is returning to a stable, healthy state. Potential trends to watch for in 2014 include increased seller activity, more new construction and fewer foreclosures on the market. Inventory is another metric to watch this year.
New Listings were up 1.1 percent for single family homes and 24.0 percent for townhouse-condo properties. Pending sales clocked in at 52 for single family h d 20 f h d i
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 February 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
homes and 20 for townhouse-condo properties.
The Median Sales Price was down 1.0 percent to $248,000 for single family homes but increased 0.3 percent to $182,000 for townhouse-condo properties. Months Supply of Inventory stood at 2.9 for single family units and 2.2 months for townhouse-condo units.
Given how far the market has come, it's a good time for folks to reassess their situation. Many who were hesitant to sell in recent years may find themselves in a completely different position. Getting a fresh comparative market analysis might be a good idea. Interest rates remain attractive and should remain below their long-term average, but they are expected to creep higher in 2014. Politicians are gearing up for midterm elections, so pay close attention to campaign messaging as relates to real estate or mortgage financing. Job growth is still fundamental and is likely to dominate this election cycle.
Single Family Activity Overview
All Properties Activity Overview
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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 1-2013 1-2014 Percent Change YTD-2013 YTD-2014 Percent Change
+ 1.1%
Pending Sales 238 52 - 78.2% 238 52 - 78.2%
New Listings 268 271 + 1.1% 268 271
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 169 143 - 15.4% 169 143 - 15.4%
Median Sales Price $250,500 $248,000 - 1.0% $250,500 $248,000 - 1.0%
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
+ 2.5%
Pct. of List Price Received 97.9% 98.0% + 0.1% 97.9% 98.0% + 0.1%
Average Sales Price $287,948 $295,208 + 2.5% $287,948 $295,208
Days on Market 104 104 0.0% 104 104 0.0%
Affordability Index 151 137 - 9.3% 151 137 - 9.3%
-- --
Current as of February 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 -- 2.9 -- --
Active Listings Not enough historical data for chart -- 772 -- --
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
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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 1-2013 1-2014 Percent Change YTD-2013 YTD-2014 Percent Change
+ 24.0%
Pending Sales 53 20 - 62.3% 53 20 - 62.3%
New Listings 50 62 + 24.0% 50 62
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 34 31 - 8.8% 34 31 - 8.8%
Median Sales Price $181,450 $182,000 + 0.3% $181,450 $182,000 + 0.3%
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
+ 9.9%
Pct. of List Price Received 98.4% 98.0% - 0.4% 98.4% 98.0% - 0.4%
Average Sales Price $186,919 $205,335 + 9.9% $186,919 $205,335
Days on Market 83 99 + 19.3% 83 99 + 19.3%
Affordability Index 198 178 - 10.1% 198 178 - 10.1%
-- --
Current as of February 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 -- 2.2 -- --
Active Listings Not enough historical data for chart -- 144 -- --
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
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New Listings
New ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 295 +7.3% 66 +13.8%
Mar-2013 365 +5.2% 79 -28.8%
Apr-2013 382 +2.1% 115 +16.2%
May-2013 514 +21.5% 87 +1.2%
Jun-2013 484 +26.7% 89 +1.1%
Jul-2013 415 +4.5% 96 +33.3%
Aug-2013 364 +5.8% 89 +23.6%
Sep-2013 300 +22.0% 61 +7.0%
Oct-2013 253 -3.8% 46 -31.3%
Nov-2013 195 +0.5% 45 -6.3%
Dec-2013 136 -1.4% 32 +23.1%
Jan-2014 271 +1.1% 62 +24.0%
12-Month Avg 332 +9.0% 72 +4.0%
A count of the properties that have been newly listed on the market in a given month.
215
49
268
50
271
62
January
215
49
268
50
271
62
Year to Date
2012 2013 2014
+ 24 0%+ 2 0%+ 1 1%+ 24 7% + 2 0%+ 1 1%+ 24 7% + 24 0%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 7 0% + 7 0% + 2 1%+ 2 1%12 Month Avg 332 +9.0% 72 +4.0%
Historical New Listings by Month
Current as of February 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
+ 24.0%+ 2.0%+ 1.1%+ 24.7% + 2.0%+ 1.1%+ 24.7% + 24.0%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 7.0% + 7.0% + 2.1%+ 2.1%
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Pending Sales
Pending SalesSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 256 +9.4% 57 +9.6%
Mar-2013 329 +17.1% 76 +43.4%
Apr-2013 313 +10.6% 112 +17.9%
May-2013 357 +15.9% 87 +1.2%
Jun-2013 348 +14.5% 77 -8.3%
Jul-2013 295 0.0% 68 +1.5%
Aug-2013 244 +7.0% 64 +8.5%
Sep-2013 213 -3.2% 52 +2.0%
Oct-2013 221 +0.5% 63 +21.2%
Nov-2013 183 +0.5% 41 -6.8%
Dec-2013 72 -56.6% 13 -60.6%
Jan-2014 52 -78.2% 20 -62.3%
12-Month Avg 245 -0.7% 61 +1.0%
A count of the properties on which offers have been accepted in a given month.
172
38
238
5352
20
January
172
38
238
5352
20
Year to Date
2012 2013 2014
- 62 3%+ 39 5%78 2%+ 38 4% + 39 5%78 2%+ 38 4% 62 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 19 4% + 19 4% 5 0%- 5 0%12 Month Avg 245 0.7% 61 +1.0%
Historical Pending Sales by Month
Current as of February 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
- 62.3%+ 39.5%- 78.2%+ 38.4% + 39.5%- 78.2%+ 38.4% - 62.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 19.4% + 19.4% - 5.0%- 5.0%
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Sold Listings
Sold ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 183 +51.2% 40 +73.9%
Mar-2013 267 +17.6% 51 0.0%
Apr-2013 284 +17.4% 66 +46.7%
May-2013 327 +10.1% 102 +32.5%
Jun-2013 329 +1.2% 89 -5.3%
Jul-2013 393 +24.0% 92 +13.6%
Aug-2013 342 +15.2% 79 -8.1%
Sep-2013 245 -1.6% 80 +37.9%
Oct-2013 260 +15.0% 46 -6.1%
Nov-2013 203 -4.7% 53 +6.0%
Dec-2013 234 +33.0% 59 +20.4%
Jan-2014 143 -15.4% 31 -8.8%
12-Month Avg 268 +12.4% 66 +13.1%
A count of the actual sales that closed in a given month.
109
40
169
34
143
31
January
109
40
169
34
143
31
Year to Date
2012 2013 2014
- 8 8%- 15 0%15 4%+ 55 0% 15 0%15 4%+ 55 0% 8 8%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0 9% + 0 9% + 60 0%+ 60 0%12 Month Avg 268 +12.4% 66 +13.1%
Historical Sold Listings by Month
Current as of February 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
- 8.8%- 15.0%- 15.4%+ 55.0% - 15.0%- 15.4%+ 55.0% - 8.8%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0.9% + 0.9% + 60.0%+ 60.0%
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Median Sales Price
Median Sales PriceSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 $243,026 +5.7% $146,700 -6.0%
Mar-2013 $255,000 +3.7% $162,500 +9.8%
Apr-2013 $261,450 +6.7% $159,700 +20.1%
May-2013 $265,000 +11.8% $157,500 -1.6%
Jun-2013 $274,000 +9.6% $178,000 +21.1%
Jul-2013 $272,250 +9.8% $158,050 +2.3%
Aug-2013 $269,000 +5.5% $168,000 +15.5%
Sep-2013 $260,000 +4.4% $194,250 +31.7%
Oct-2013 $255,000 +4.1% $159,000 -3.8%
Nov-2013 $258,900 +2.7% $170,000 +2.1%
Dec-2013 $256,945 +4.9% $189,000 +11.2%
Jan-2014 $248,000 -1.0% $182,000 +0.3%
12-Month Avg* $261,000 +5.7% $169,450 +9.3%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$237,000
$161,951
$250,500
$181,450
$248,000
$182,000
January
$237,000
$161,951
$250,500
$181,450
$248,000
$182,000
Year to Date
2012 2013 2014
+ 0 3%+ 12 0%1 0%+ 5 7% + 12 0%1 0%+ 5 7% + 0 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
3 5% 3 5% 6 4%- 6 4%12 Month Avg $261,000 +5.7% $169,450 +9.3%
Historical Median Sales Price by Month* Median Sales Price for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Current as of February 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
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2012 2013 2014
+ 0.3%+ 12.0%- 1.0%+ 5.7% + 12.0%- 1.0%+ 5.7% + 0.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
- 3.5% - 3.5% - 6.4%- 6.4%
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Average Sales Price
Average Sales Price
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 $289,402 +16.1% $161,529 +11.3%
Mar-2013 $283,287 -0.5% $173,616 +4.1%
Apr-2013 $289,018 +4.4% $163,762 +7.7%
May-2013 $290,118 +7.7% $174,671 +5.4%
Jun-2013 $310,365 +6.1% $196,625 +20.0%
Jul-2013 $315,918 +12.4% $166,129 +5.0%
Aug-2013 $302,663 +4.3% $172,394 +11.6%
Sep-2013 $305,424 +6.0% $203,246 +28.5%
Oct-2013 $302,442 +7.3% $165,129 -12.9%
Nov-2013 $305,739 +10.2% $186,948 +9.5%
Dec-2013 $306,016 +3.9% $202,438 +7.4%
Jan-2014 $295,208 +2.5% $205,335 +9.9%
12-Month Avg* $300,446 +6.4% $180,731 +9.0%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$267,633
$168,084
$287,948
$186,919
$295,208
$205,335
January
2012 2013 2014
+ 9 9%+ 11 2%+ 2 5%+ 7 6%2012 2013 2014
+ 3 0% - 6 3%
$267,633
$168,084
$287,948
$186,919
$295,208
$205,335
Year to Date
+ 9 9%+ 11 2%2012 2013 2014 2012 2013 2014
+ 2 5%+ 7 6%+ 3 0% 6 3%12 Month Avg $300,446 +6.4% $180,731 +9.0%
Historical Average Sales Price by Month* Average Sales Price for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Current as of February 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
+ 9.9%+ 11.2%+ 2.5%+ 7.6%2012 2013 2014
+ 3.0% - 6.3%
Single Family Townhouse-Condo
+ 9.9%+ 11.2%2012 2013 2014 2012 2013 2014
+ 2.5%+ 7.6%+ 3.0% - 6.3%
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Percent of List Price Received
Pct. of List Price Received
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 98.1% -0.2% 98.4% +3.6%
Mar-2013 98.9% +0.7% 98.9% +0.7%
Apr-2013 99.0% +1.1% 98.9% +1.5%
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% 99.5% +1.4%
Aug-2013 99.0% +0.8% 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% 99.1% +1.2%
Jan-2014 98.0% +0.1% 98.0% -0.4%
12-Month Avg* 98.3% +0.6% 98.0% +1.0%
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.
97.8% 95.7%97.9% 98.4%98.0% 98.0%
January
97.8% 95.7%97.9% 98.4%98.0% 98.0%
Year to Date
2012 2013 2014
- 0 4%+ 2 8%+ 0 1%+ 0 1% + 2 8%+ 0 1%+ 0 1% 0 4%2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 1 1% + 1 1% 0 9%- 0 9%12 Month Avg 98.3% +0.6% 98.0% +1.0%
Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Current as of February 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
- 0.4%+ 2.8%+ 0.1%+ 0.1% + 2.8%+ 0.1%+ 0.1% - 0.4%2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 1.1% + 1.1% - 0.9%- 0.9%
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Days on Market Until Sale
Days on MarketSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 116 -9.4% 123 -12.8%
Mar-2013 84 -35.9% 73 -25.5%
Apr-2013 83 -25.9% 68 -19.0%
May-2013 71 -22.8% 77 -1.3%
Jun-2013 76 -18.3% 63 -25.0%
Jul-2013 71 -14.5% 58 -36.3%
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% 103 +30.4%
Jan-2014 104 0.0% 99 +19.3%
12-Month Avg 82 -19.6% 76 -11.6%
Average number of days between when a property is listed and when an offer is accepted in a given month.
139147
104
83
104 99
January
139147
104
83
104 99
Year to Date
2012 2013 2014
+ 19 3%- 43 5%0 0%25 2% 43 5%0 0%25 2% + 19 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 3 0% + 3 0% 19 7%- 19 7%12 Month Avg 82 19.6% 76 11.6%
Historical Days on Market Until Sale by Month* Days on Market for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Current as of February 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
+ 19.3%- 43.5%0.0%- 25.2% - 43.5%0.0%- 25.2% + 19.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 3.0% + 3.0% - 19.7%- 19.7%
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Housing Affordability Index
Affordability IndexSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Feb-2013 152 -2.6% 229 +6.5%
Mar-2013 145 -0.7% 211 -5.0%
Apr-2013 145 -2.7% 217 -11.4%
May-2013 138 -11.0% 213 -0.9%
Jun-2013 126 -15.4% 182 -20.9%
Jul-2013 128 -15.8% 202 -9.8%
Aug-2013 128 -13.5% 190 -18.8%
Sep-2013 133 -13.6% 171 -27.5%
Oct-2013 136 -12.3% 202 -5.6%
Nov-2013 142 -6.6% 202 -5.6%
Dec-2013 136 -13.4% 177 -16.5%
Jan-2014 137 -9.3% 178 -10.1%
12-Month Avg 137 -9.8% 152 -19.7%
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.
151
207
151
198
137
178
January
2012 2013 2014
10 1%4 3%9 3%0 0%2012 2013 2014
+ 13 5% + 15 6%
151
207
151
198
137
178
Year to Date
10 1%- 4 3%9 3%0 0%+ 13 5% + 15 6%2012 2013 2014 2012 2013 2014 12 Month Avg 137 9.8% 152 19.7%
Historical Housing Affordability Index by Month
Current as of February 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single Family Townhouse-Condo
120
140
160
180
200
220
240
260
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2012 2013 2014
- 10.1%- 4.3%- 9.3%0.0%2012 2013 2014
+ 13.5% + 15.6%
Single Family Townhouse-Condo
- 10.1%- 4.3%- 9.3%0.0%+ 13.5% + 15.6%2012 2013 2014 2012 2013 2014
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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 1-2013 1-2014 Percent Change YTD-2013 YTD-2014 Percent Change
+ 4.7%
Pending Sales 291 72 - 75.3% 291 - 75.3%
New Listings 318 333 + 4.7% 318 333
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 203 174 - 14.3% 203 174 - 14.3%
Median Sales Price $240,000 $236,332 - 1.5% $240,000 $236,332 - 1.5%
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
+ 3.0%
Pct. of List Price Received 98.0% 98.0% 0.0% 98.0% 98.0% 0.0%
Average Sales Price $271,027 $279,196 + 3.0% $271,027 $279,196
Days on Market 101 103 + 2.0% 101 103 + 2.0%
Affordability Index 157 143 - 8.8% 157 143 - 8.8%
-- --
Current as of February 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 -- 2.7 -- --
Active Listings Not enough historical data for chart -- 916 -- --
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
1-2011 1-2012 1-2013 1-2014
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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 January 13, 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.