March 2015 Housing Report: The economy remains stable, which should keep housing rolling!

February 2015 Activity Snapshot

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

Single FamilyDays On Market

23456789

10111213141516

Click on desired metric to jump to that page.Current as of March 6, 2015. All data from IRES, LLC. Powered by 10K Research and Marketing.

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

Monthly Indicators

- 5.3% - 5.3% + 25.6%One-Year Change in

There has been talk of abundant cold and snow this winter (unless you happen to live in California!). When weather patterns turn bad, like wicked bad, real estate industry pundits tend to go gloom, assuming that Americans hungry for homeownership are bothered by a little frozen precipitation. The nation will unfreeze, inventory is expected to rise and home sales are widely expected to increase. These are good times, indeed, and many of us now have an enchanting shared experience that we can walk uphill to school both ways.

New Listings were down 1.5 percent for single family homes but increased 13.6 percent for townhouse-condo properties. Pending sales clocked in at 248 for single family homes and 77 for townhouse-condo properties.

The Median Sales Price was up 25.6 percent to $314,850 for single family homes and 44.8 percent to $260,000 for townhouse-condo properties. Months Supply of Inventory stood at 1.5 for single family units and 0.9 months for townhouse-condo units.

In national financial news, rumors that Fannie Mae and Freddie Mac could one day be a thing of the past have people wondering about the future of the 30-year fixed-rate mortgage. But let's not sound the alarm just yet. A drastic change to lending's gold standard is certainly not on the immediate horizon. Meanwhile, Federal Reserve Chair Janet Yellen seems to have no immediate interest in raising interest rates for the first time since 2006. The economy remains stable, which should keep housing rolling through the short-named 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

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 2-2014 2-2015 Percent Change YTD-2014 YTD-2015 Percent Change

- 15.0%

Pending Sales 245 248 + 1.2% 472 427 - 9.5%

New Listings 272 268 - 1.5% 555 472

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

Sold Listings 170 161 - 5.3% 316 338 + 7.0%

Median Sales Price $250,725 $314,850 + 25.6% $250,000 $300,000 + 20.0%

+ 15.8%

Pct. of List Price Received 98.9% 99.5% + 0.6% 98.5% 99.0% + 0.5%

Avg. Sales Price $286,294 $340,934 + 19.1% $290,698 $336,649

Days on Market 95 90 - 5.3% 99 92 - 7.1%

Affordability Index 133 113 - 15.0% 134 119 - 11.2%

-- --

Current as of March 6, 2015. All data from IRES, LLC. Powered by 10K Research and Marketing. | 2

-- --

Months Supply 2.2 1.5 - 31.8% --

Active Listings 585 394 - 32.6% --

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

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


+ 5.7%

Pending Sales 60 77 + 28.3% 119 147 + 23.5%

New Listings 59 67 + 13.6% 123 130


Sold Listings 51 61 + 19.6% 83 99 + 19.3%


+ 20.3%


Avg. Sales Price $187,404 $245,849 + 31.2% $194,313 $233,742

Days on Market 60 75 + 25.0% 75 75 0.0%


-- --


-- --

Months Supply 1.0 0.9 - 10.0% --


2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Mar-2014 332 -9.3% 101 +27.8%

Apr-2014 462 +20.9% 88 -23.5%

May-2014 425 -17.3% 86 -1.1%

Jun-2014 447 -7.6% 101 +13.5%

Jul-2014 369 -10.9% 116 +19.6%

Aug-2014 323 -11.3% 106 +19.1%

Sep-2014 273 -9.0% 63 +3.3%

Oct-2014 266 +4.7% 68 +47.8%

Nov-2014 167 -16.1% 44 -2.2%

Dec-2014 126 -11.9% 65 +103.1%

Jan-2015 204 -27.9% 63 -1.6%

Feb-2015 268 -1.5% 67 +13.6%

12-Month Avg 305 -7.9% 81 +12.2%

Historical New Listings by Month


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

295

66

272

59

268

67

Single Family Townhouse-Condo

February

0

100

200

300

400

500

600

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


563

116

555

123

472

130


Year to Date

2013 2014 2015

+ 13.6%- 10.6%- 1.5%- 7.8% + 6.0%- 15.0%- 1.4% + 5.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 7.3% + 14.9% + 8.4%+ 13.8%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Mar-2014 332 +0.3% 96 +26.3%

Apr-2014 357 +14.1% 75 -33.0%

May-2014 319 -10.4% 81 -6.9%

Jun-2014 352 +0.9% 91 +18.2%

Jul-2014 309 +4.4% 112 +57.7%

Aug-2014 255 +4.1% 90 +13.9%

Sep-2014 268 +23.5% 63 +18.9%

Oct-2014 228 0.0% 61 -6.2%

Nov-2014 206 +3.0% 40 -16.7%

Dec-2014 163 +8.7% 48 +84.6%

Jan-2015 179 -21.1% 70 +18.6%

Feb-2015 248 +1.2% 77 +28.3%

12-Month Avg 268 +1.9% 75 +11.2%

Historical Pending Sales by Month


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

256

57

245

60

248

77


February

0

100

200

300

400

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


494

110

472

119

427

147


Year to Date

2013 2014 2015

+ 28.3%+ 5.3%+ 1.2%- 4.3% + 8.2%- 9.5%- 4.5% + 23.5%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 9.4% + 21.7% + 22.2%+ 9.6%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Mar-2014 233 -13.1% 61 +19.6%

Apr-2014 283 -0.4% 79 +19.7%

May-2014 360 +10.1% 76 -25.5%

Jun-2014 346 +5.2% 88 -1.1%

Jul-2014 337 -14.0% 87 -6.5%

Aug-2014 315 -8.4% 98 +24.1%

Sep-2014 268 +9.4% 90 +11.1%

Oct-2014 303 +16.5% 74 +60.9%

Nov-2014 209 +2.5% 42 -22.2%

Dec-2014 210 -11.0% 54 -11.5%

Jan-2015 177 +21.2% 38 +18.8%

Feb-2015 161 -5.3% 61 +19.6%

12-Month Avg 267 -0.1% 71 +5.3%

Historical Sold Listings by Month


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

183

40

170

51

161

61


February

0

100

200

300

400

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


352

74

316

83

338

99


Year to Date

2013 2014 2015

+ 19.6%+ 27.5%- 5.3%- 7.1% + 12.2%+ 7.0%- 10.2% + 19.3%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 51.2% + 53.0% + 17.5%+ 73.9%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Mar-2014 $256,000 +0.4% $160,000 -1.5%

Apr-2014 $280,000 +7.1% $180,000 +12.7%

May-2014 $286,000 +7.9% $175,000 +11.1%

Jun-2014 $276,250 +0.8% $179,500 +0.8%

Jul-2014 $290,000 +6.6% $181,000 +13.9%

Aug-2014 $286,500 +6.9% $175,000 +4.2%

Sep-2014 $287,103 +10.4% $209,010 +7.2%

Oct-2014 $286,943 +12.5% $207,750 +30.7%

Nov-2014 $290,000 +11.8% $209,250 +24.9%

Dec-2014 $314,750 +22.5% $220,000 +18.1%

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

Feb-2015 $314,850 +25.6% $260,000 +44.8%

12-Month Avg* $286,000 +9.2% $188,950 +11.1%

Historical Median Sales Price by Month* Median Sales Price for all properties from March 2014 through February 2015. This is not the average of the individual figures above.


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

$243,026

$146,700

$250,725

$179,601

$314,850

$260,000


February

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

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


$249,950

$164,750

$250,000

$180,000

$300,000

$230,000


Year to Date

2013 2014 2015

+ 44.8%+ 22.4%+ 25.6%+ 3.2% + 9.3%+ 20.0%+ 0.0% + 27.8%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 5.7% + 8.1% + 3.0%- 6.0%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


Mar-2014 $296,832 +5.0% $176,185 +1.5%

Apr-2014 $317,729 +9.9% $192,505 +17.6%

May-2014 $337,091 +16.2% $191,299 +9.5%

Jun-2014 $314,397 +1.3% $188,195 -4.3%

Jul-2014 $330,556 +4.7% $192,105 +13.6%

Aug-2014 $328,959 +8.9% $188,734 +9.5%

Sep-2014 $327,116 +7.1% $214,168 +5.1%

Oct-2014 $325,249 +7.5% $235,057 +42.3%

Nov-2014 $324,515 +6.0% $207,503 +11.7%

Dec-2014 $345,520 +13.0% $262,643 +30.6%

Jan-2015 $332,751 +12.5% $214,305 +4.4%

Feb-2015 $340,934 +19.1% $245,849 +31.2%

12-Month Avg* $326,240 +8.7% $206,335 +13.1%

Historical Average Sales Price by Month* Avg. Sales Price for all properties from March 2014 through February 2015. This is not the average of the individual figures above.


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

$289,402

$161,529

$286,294

$187,404

$340,934

$245,849


February

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

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


2013 2014 2015

+ 31.2%+ 16.0%+ 19.1%- 1.1%2013 2014 2015

+ 16.1% + 11.3%

$288,704

$173,194

$290,698

$194,313

$336,649

$233,742


Year to Date

+ 20.3%+ 12.2%2013 2014 2015 2013 2014 2015

+ 15.8%+ 0.7%+ 11.9% + 8.5%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


Mar-2014 98.6% -0.3% 98.9% 0.0%

Apr-2014 99.5% +0.5% 100.0% +1.1%

May-2014 99.4% +0.2% 99.9% +0.7%

Jun-2014 99.5% +0.2% 99.4% +0.3%

Jul-2014 99.6% +0.5% 99.5% +0.1%

Aug-2014 99.1% +0.2% 99.2% +0.1%

Sep-2014 98.9% -0.1% 99.7% +0.1%

Oct-2014 99.3% +0.6% 99.5% +1.1%

Nov-2014 99.1% +0.8% 98.8% +1.2%

Dec-2014 98.0% -0.5% 100.3% +1.3%

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

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

12-Month Avg* 98.9% +0.3% 98.9% +0.7%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from March 2014 through February 2015. This is not the average of the individual figures above.


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.

98.1% 98.4%98.9% 98.6%99.5% 100.6%


February

94%

95%

96%

97%

98%

99%

100%

101%

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


98.0% 98.4%98.5% 98.4%99.0% 100.3%


Year to Date

2013 2014 2015

+ 2.0%+ 0.2%+ 0.6%+ 0.8% 0.0%+ 0.5%+ 0.5% + 1.9%2013 2014 2015 2013 2014 2015 2013 2014 2015

- 0.2% - 0.1% + 3.1%+ 3.6%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Mar-2014 90 +7.1% 66 -9.6%

Apr-2014 76 -8.4% 63 -7.4%

May-2014 76 +7.0% 60 -22.1%

Jun-2014 80 +5.3% 56 -11.1%

Jul-2014 64 -8.6% 47 -24.2%

Aug-2014 81 +3.8% 47 -26.6%

Sep-2014 75 +10.3% 95 +3.3%

Oct-2014 87 +10.1% 81 +47.3%

Nov-2014 87 +2.4% 89 +25.4%

Dec-2014 85 -14.1% 105 +1.0%

Jan-2015 94 -8.7% 74 -23.7%

Feb-2015 90 -5.3% 75 +25.0%

12-Month Avg 81 +0.5% 69 -5.2%

Historical Days on Market Until Sale by Month

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

* Days on Market for all properties from March 2014 through February 2015. This is not the average of the individual figures above.


116123

95

60

90

75


February

25

50

75

100

125

150

175

200

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


111105

99

75

92

75


Year to Date

2013 2014 2015

+ 25.0%- 51.2%- 5.3%- 18.1% - 28.6%- 7.1%- 10.8% 0.0%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 9.4% - 16.5% - 27.6%- 12.8%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Mar-2014 131 -6.4% 210 -4.1%

Apr-2014 119 -14.4% 185 -18.5%

May-2014 120 -9.1% 196 -11.7%

Jun-2014 124 +2.5% 191 +2.7%

Jul-2014 118 -3.3% 189 -10.0%

Aug-2014 120 -2.4% 196 0.0%

Sep-2014 119 -7.0% 163 -4.7%

Oct-2014 121 -7.6% 167 -20.5%

Nov-2014 120 -11.8% 166 -21.3%

Dec-2014 111 -15.3% 159 -12.2%

Jan-2015 123 -6.8% 162 -9.5%

Feb-2015 113 -15.0% 137 -26.3%

12-Month Avg 120 -13.6% 131 -31.5%

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.

147

244

133

186

113

137


February

100

125

150

175

200

225

250

275

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


2013 2014 2015

- 26.3%- 23.8%- 15.0%- 9.5%2013 2014 2015

- 3.9% + 8.4%

143

217

134

186

119

155


Year to Date

- 16.7%- 14.3%- 11.2%- 6.3%- 5.9% - 1.4%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


Mar-2014 538 -6.6% 68 -37.0%

Apr-2014 592 -1.3% 79 -24.0%

May-2014 656 -6.3% 82 -13.7%

Jun-2014 705 -8.2% 89 -12.7%

Jul-2014 701 -14.3% 86 -30.1%

Aug-2014 709 -16.6% 92 -28.1%

Sep-2014 656 -21.3% 87 -29.3%

Oct-2014 617 -21.0% 84 -7.7%

Nov-2014 518 -25.4% 88 +10.0%

Dec-2014 416 -30.0% 97 +26.0%

Jan-2015 410 -30.4% 81 +6.6%

Feb-2015 394 -32.6% 61 -11.6%

12-Month Avg* 576 -17.6% 83 -15.5%

Historical Inventory of Active Listings by Month* Active Listings for all properties from March 2014 through February 2015. This is not the average of the individual figures above.


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

602

111

585

69

394

61


February

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- 11.6%- 37.8%- 32.6%- 2.8%

2013 2014 2015- 25.1% - 22.4%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


Mar-2014 2.0 -13.0% 1.0 -44.4%

Apr-2014 2.2 -8.3% 1.1 -35.3%

May-2014 2.5 -10.7% 1.2 -20.0%

Jun-2014 2.6 -13.3% 1.3 -18.8%

Jul-2014 2.7 -15.6% 1.3 -31.6%

Aug-2014 2.7 -15.6% 1.4 -30.0%

Sep-2014 2.5 -21.9% 1.3 -31.6%

Oct-2014 2.3 -20.7% 1.2 -14.3%

Nov-2014 1.9 -26.9% 1.3 +8.3%

Dec-2014 1.6 -27.3% 1.4 +16.7%

Jan-2015 1.5 -31.8% 1.2 +9.1%

Feb-2015 1.5 -31.8% 0.9 -10.0%

12-Month Avg* 2.2 -19.1% 1.2 -21.3%

Historical Months Supply of Inventory by Month

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.

* Months Supply for all properties from March 2014 through February 2015. This is not the average of the individual figures above.


2.5

1.92.2

1.0

1.5

0.9


February

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- 10.0%- 47.4%- 31.8%- 12.0%

2013 2014 2015- 40.5% - 34.5%

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


- 11.2%

Pending Sales 305 325 + 6.6% 119 147 + 23.5%

New Listings 331 335 + 1.2% 678 602


Sold Listings 221 222 + 0.5% 399 437 + 9.5%


+ 15.8%


Avg. Sales Price $263,474 $314,807 + 15.8% $270,648 $313,336

Days on Market 87 86 - 6.4% 94 88 - 6.4%


-- --


-- --

Months Supply 2.0 1.3 - 31.1% --


2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

2-2012 2-2013 2-2014 2-2015

Sold Listings

By Price Range 2-2014 2-2015 Change 2-2014 2-2015 Change 1-2015 2-2015 Change 1-2015 2-2015 Change 2-2014 2-2015 Change 2-2014 2-2015 Change$99,999 and Below 30 30 0.0% 41 17 - 58.5% 2 4 + 100.0% 0 0 -- 4 6 + 50.0% 3 0 - 100.0%$100,000 to $199,999 438 245 - 44.1% 516 442 - 14.3% 11 16 + 45.5% 17 18 + 5.9% 44 27 - 38.6% 48 35 - 27.1%$200,000 to $299,999 1,581 1,490 - 5.8% 204 320 + 56.9% 81 53 - 34.6% 17 28 + 64.7% 172 134 - 22.1% 27 45 + 66.7%$300,000 to $399,999 662 830 + 25.4% 24 58 + 141.7% 47 51 + 8.5% 4 15 + 275.0% 53 98 + 84.9% 2 19 + 850.0%$400,000 to $499,999 248 300 + 21.0% 16 4 - 75.0% 17 13 - 23.5% 0 0 -- 18 30 + 66.7% 2 0 - 100.0%$500,000 to $699,999 186 208 + 11.8% 4 5 + 25.0% 12 19 + 58.3% 0 0 -- 20 31 + 55.0% 1 0 - 100.0%$700,000 to $999,999 49 80 + 63.3% 0 1 -- 5 5 0.0% 0 0 -- 3 10 + 233.3% 0 0 --$1,000,000 to $1,999,999 11 18 + 63.6% 0 0 -- 2 0 - 100.0% 0 0 -- 2 2 0.0% 0 0 --$2,000,000 and Above 0 1 -- 0 1 -- 0 0 -- 0 0 -- 0 0 -- 0 0 --All Price Ranges 3,205 3,202 - 0.1% 805 848 + 5.3% 177 161 - 9.0% 38 61 + 60.5% 316 338 + 7.0% 83 99 + 19.3%

Inventory of Active Listings

By Price Range 2-2014 2-2015 Change 2-2014 2-2015 Change 1-2015 2-2015 Change 1-2015 2-2015 Change$99,999 and Below 20 2 - 90.0% 0 0 -- 6 2 - 66.7% 0 0 --$100,000 to $199,999 69 30 - 56.5% 23 2 - 91.3% 33 30 - 9.1% 8 2 - 75.0%$200,000 to $299,999 141 57 - 59.6% 35 21 - 40.0% 55 57 + 3.6% 27 21 - 22.2%$300,000 to $399,999 125 99 - 20.8% 5 29 + 480.0% 118 99 - 16.1% 38 29 - 23.7%$400,000 to $499,999 87 89 + 2.3% 5 6 + 20.0% 81 89 + 9.9% 6 6 0.0%$500,000 to $699,999 82 68 - 17.1% 1 0 - 100.0% 69 68 - 1.4% 0 0 --$700,000 to $999,999 38 35 - 7.9% 0 1 -- 35 35 0.0% 1 1 0.0%$1,000,000 to $1,999,999 21 13 - 38.1% 0 2 -- 12 13 + 8.3% 1 2 + 100.0%$2,000,000 and Above 2 1 - 50.0% 0 0 -- 1 1 0.0% 0 0 --All Price Ranges 585 394 - 32.6% 69 61 - 11.6% 410 394 - 3.9% 81 61 - 24.7%

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

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

3,205

805

4,0103,202

848

4,050

Singe Family Townhouse-Condo All Properties

By Property Type 2-2014 2-2015

585

69

654394

61

455

Singe Family Townhouse-Condo All Properties

By Property Type

71

954

1,785

686264 190 49 11 047

687

1,810

888304 213 81 18 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 – Rolling 12 Months 2-2014 2-2015

--

2069

141 12587 82

38 21 22 30 5799 89 68

35 13 1

< $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

- 33.8% - 28.0% + 1.4% + 29.4% + 63.6%+ 15.2% + 12.1% + 65.3% - 0.1% + 5.3% + 1.0%

- 50.0%- 90.0% - 56.5% - 59.6% - 20.8% - 38.1%- 17.1% - 7.9% - 32.6% - 11.6% - 30.4%+ 2.3%

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 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.


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.

March 2015 Housing Report: The economy remains stable, which should keep housing rolling!

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Transcript of March 2015 Housing Report: The economy remains stable, which should keep housing rolling!