May Housing Report 2015

April 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 May 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

- 6.4% - 5.3% + 13.9%One-Year Change in

New Listings were down 15.6 percent for single family homes but increased 9.1 percent for townhouse-condo properties. Pending sales clocked in at 314 for single family homes and 94 for townhouse-condo properties.

The Median Sales Price was up 13.9 percent to $319,000 for single family homes and 33.8 percent to $240,750 for townhouse-condo properties. Days on Market decreased 5.3 percent for single family homes but increased 3.2 percent for condo properties.

The national homeownership percentage is the lowest since 1993, when Jurassic Park was the highest-grossing movie. Rental prices continue to astonish with accelerated price growth, which may cause some to think twice before locking in a 12-month lease. Lending practices and mortgage rates will also have a decided effect on the number of buyers who will become homeowners this year. With the release of Jurassic World this month, we are reminded of cyclical conversations in both real estate and moviemaking.

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 4-2014 4-2015 Percent Change YTD-2014 YTD-2015 Percent Change

- 12.5%

Pending Sales 357 314 - 12.0% 1,162 1,018 - 12.4%

New Listings 462 390 - 15.6% 1,350 1,181

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

Sold Listings 283 265 - 6.4% 832 854 + 2.6%

Median Sales Price $280,000 $319,000 + 13.9% $261,682 $315,000 + 20.4%

+ 15.3%

Pct. of List Price Received 99.5% 100.6% + 1.1% 98.8% 99.7% + 0.9%

Avg. Sales Price $317,729 $357,039 + 12.4% $301,610 $347,802

Days on Market 76 72 - 5.3% 88 82 - 6.8%

Affordability Index 119 116 - 2.5% 128 117 - 8.6%

-- --

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

-- --

Months Supply 2.2 1.6 - 27.3% --

Active Listings 592 421 - 28.9% --

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

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


+ 3.9%

Pending Sales 75 94 + 25.3% 289 337 + 16.6%

New Listings 88 96 + 9.1% 311 323


Sold Listings 79 82 + 3.8% 223 267 + 19.7%


+ 22.9%


Avg. Sales Price $192,505 $236,535 + 22.9% $188,714 $231,884

Days on Market 63 65 + 3.2% 68 70 + 2.9%


-- --


-- --

Months Supply 1.1 0.7 - 36.4% --


4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


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% 64 +4.9%

Oct-2014 266 +4.7% 69 +50.0%

Nov-2014 167 -16.1% 44 -2.2%

Dec-2014 127 -11.2% 65 +103.1%

Jan-2015 208 -26.5% 64 0.0%

Feb-2015 277 +1.5% 71 +22.4%

Mar-2015 306 -7.8% 92 -8.9%

Apr-2015 390 -15.6% 96 +9.1%

12-Month Avg 298 -11.0% 81 +13.7%

Historical New Listings by Month


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

382

115

462

88

390

96

Single Family Townhouse-Condo

April

0

100

200

300

400

500

600

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


1,311

310

1,350

311

1,181

323


Year to Date

2013 2014 2015

+ 9.1%- 23.5%- 15.6%+ 20.9% + 0.3%- 12.5%+ 3.0% + 3.9%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 2.1% + 8.3% - 2.2%+ 16.2%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


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 266 +22.6% 63 +18.9%

Oct-2014 231 +1.3% 63 -3.1%

Nov-2014 205 +2.5% 40 -16.7%

Dec-2014 164 +9.3% 48 +84.6%

Jan-2015 183 -19.4% 70 +18.6%

Feb-2015 251 +2.0% 75 +27.1%

Mar-2015 270 -18.7% 98 +2.1%

Apr-2015 314 -12.0% 94 +25.3%

12-Month Avg 260 -2.6% 77 +16.4%

Historical Pending Sales by Month


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

313

112

357

75

314

94


April

0

100

200

300

400

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


1,138

298

1,162

289

1,018

337


Year to Date

2013 2014 2015

+ 25.3%- 33.0%- 12.0%+ 14.1% - 3.0%- 12.4%+ 2.1% + 16.6%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 10.6% + 17.3% + 25.2%+ 17.9%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


May-2014 361 +10.4% 75 -26.5%

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 269 +9.8% 90 +11.1%

Oct-2014 303 +16.5% 74 +60.9%

Nov-2014 209 +2.5% 42 -22.2%

Dec-2014 210 -11.0% 55 -9.8%

Jan-2015 179 +22.6% 39 +21.9%

Feb-2015 168 -1.2% 64 +25.5%

Mar-2015 242 +3.9% 82 +34.4%

Apr-2015 265 -6.4% 82 +3.8%

12-Month Avg 267 +1.1% 73 +5.8%

Historical Sold Listings by Month


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

284

66

283

79

265

82


April

0

100

200

300

400

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


904

191

832

223

854

267


Year to Date

2013 2014 2015

+ 3.8%+ 19.7%- 6.4%- 0.4% + 16.8%+ 2.6%- 8.0% + 19.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 17.4% + 29.3% + 20.1%+ 46.7%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


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 $287,205 +10.5% $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 $314,550 +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 $326,565 +27.6% $223,552 +39.7%

Apr-2015 $319,000 +13.9% $240,750 +33.8%

12-Month Avg* $295,000 +11.7% $199,039 +15.5%

Historical Median Sales Price by Month* Median Sales Price for all properties from May 2014 through April 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.

$261,450

$159,700

$280,000

$180,000

$319,000

$240,750


April

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

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


$254,700

$162,000

$261,682

$179,000

$315,000

$226,732


Year to Date

2013 2014 2015

+ 33.8%+ 12.7%+ 13.9%+ 7.1% + 10.5%+ 20.4%+ 2.7% + 26.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 6.7% + 5.7% + 6.2%+ 20.1%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


May-2014 $336,884 +16.1% $190,350 +9.0%

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 $327,880 +7.4% $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 $344,997 +12.9% $262,504 +30.5%

Jan-2015 $332,530 +12.4% $213,425 +3.9%

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

Mar-2015 $354,774 +19.5% $227,514 +29.1%

Apr-2015 $357,039 +12.4% $236,535 +22.9%

12-Month Avg* $333,792 +9.8% $214,363 +15.9%

Historical Average Sales Price by Month* Avg. Sales Price for all properties from May 2014 through April 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.

$289,018

$163,762

$317,729

$192,505

$357,039

$236,535


April

$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

+ 22.9%+ 17.6%+ 12.4%+ 9.9%2013 2014 2015

+ 4.4% + 7.7%

$287,058

$170,048

$301,610

$188,714

$347,802

$231,884


Year to Date

+ 22.9%+ 11.0%2013 2014 2015 2013 2014 2015

+ 15.3%+ 5.1%+ 5.1% + 6.4%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


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% 100.2% +1.2%

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

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

Mar-2015 99.8% +1.2% 101.9% +3.0%

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

12-Month Avg* 98.9% +0.4% 99.1% +0.9%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from May 2014 through April 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.

99.0% 98.9%99.5% 100.0%100.6% 101.1%


April

94%

96%

98%

100%

102%

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


98.6% 98.7%98.8% 99.1%99.7% 101.0%


Year to Date

2013 2014 2015

+ 1.1%+ 1.1%+ 1.1%+ 0.5% + 0.4%+ 0.9%+ 0.2% + 1.9%2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 1.1% + 0.5% + 1.9%+ 1.5%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


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% 104 0.0%

Jan-2015 94 -8.7% 72 -25.8%

Feb-2015 91 -4.2% 74 +23.3%

Mar-2015 78 -13.3% 72 +9.1%

Apr-2015 72 -5.3% 65 +3.2%

12-Month Avg 80 -0.6% 70 -3.3%

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 May 2014 through April 2015. This is not the average of the individual figures above.


83

68

76

63

7265


April

25

50

75

100

125

150

175

200

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


94

8488

68

82

70


Year to Date

2013 2014 2015

+ 3.2%- 7.4%- 5.3%- 8.4% - 19.0%- 6.8%- 6.4% + 2.9%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 25.9% - 24.8% - 25.0%- 19.0%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


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 118 -7.8% 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 127 -3.8% 168 -6.1%

Feb-2015 120 -9.8% 146 -21.5%

Mar-2015 112 -14.5% 163 -22.4%

Apr-2015 116 -2.5% 153 -17.3%

12-Month Avg 119 -9.7% 128 -21.8%

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.

139

227

119

185

116

153


April

100

125

150

175

200

225

250

275

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


2013 2014 2015

- 17.3%- 18.5%- 2.5%- 14.4%2013 2014 2015

- 3.5% - 14.7%

142

224

128

186

117

163


Year to Date

- 12.4%- 17.0%- 8.6%- 9.9%- 3.4% - 3.4%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


May-2014 656 -6.3% 82 -13.7%

Jun-2014 705 -8.2% 89 -12.7%

Jul-2014 702 -14.2% 86 -30.1%

Aug-2014 710 -16.5% 92 -28.1%

Sep-2014 660 -20.9% 88 -28.5%

Oct-2014 619 -20.7% 84 -7.7%

Nov-2014 522 -24.8% 88 +10.0%

Dec-2014 424 -28.6% 97 +26.0%

Jan-2015 419 -28.9% 82 +7.9%

Feb-2015 412 -29.6% 68 -1.4%

Mar-2015 418 -22.3% 61 -10.3%

Apr-2015 421 -28.9% 54 -31.6%

12-Month Avg* 556 -20.1% 81 -12.6%

Historical Inventory of Active Listings by Month* Active Listings for all properties from May 2014 through April 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.

600

104

592

79

421

54


April

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- 31.6%- 24.0%- 28.9%- 1.3%

2013 2014 2015- 29.7% - 45.3%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


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 2.0 -23.1% 1.3 +8.3%

Dec-2014 1.6 -27.3% 1.4 +16.7%

Jan-2015 1.6 -27.3% 1.2 +9.1%

Feb-2015 1.5 -31.8% 1.0 0.0%

Mar-2015 1.6 -20.0% 0.8 -20.0%

Apr-2015 1.6 -27.3% 0.7 -36.4%

12-Month Avg* 2.1 -21.1% 1.2 -17.6%

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 May 2014 through April 2015. This is not the average of the individual figures above.


2.4

1.7

2.2

1.1

1.6

0.7


April

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- 36.4%- 35.3%- 27.3%- 8.3%

2013 2014 2015- 42.9% - 56.4%

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


- 9.5%

Pending Sales 432 408 - 5.6% 289 337 + 16.6%

New Listings 550 486 - 11.6% 1,661 1,504


Sold Listings 362 347 - 4.1% 1,055 1,121 + 6.3%


+ 15.3%


Avg. Sales Price $290,401 $328,563 + 15.3% $277,747 $320,193

Days on Market 73 71 - 6.0% 84 79 - 6.0%


-- --


-- --

Months Supply 2.0 1.4 - 30.7% --


4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

4-2012 4-2013 4-2014 4-2015

Sold Listings

By Price Range 4-2014 4-2015 Change 4-2014 4-2015 Change 3-2015 4-2015 Change 3-2015 4-2015 Change 4-2014 4-2015 Change 4-2014 4-2015 Change$99,999 and Below 32 26 - 18.8% 35 18 - 48.6% 2 0 - 100.0% 2 1 - 50.0% 10 8 - 20.0% 5 3 - 40.0%$100,000 to $199,999 399 210 - 47.4% 521 425 - 18.4% 8 10 + 25.0% 32 35 + 9.4% 97 45 - 53.6% 135 105 - 22.2%$200,000 to $299,999 1,575 1,415 - 10.2% 224 330 + 47.3% 82 96 + 17.1% 33 21 - 36.4% 432 317 - 26.6% 72 100 + 38.9%$300,000 to $399,999 653 895 + 37.1% 30 90 + 200.0% 88 92 + 4.5% 14 24 + 71.4% 170 281 + 65.3% 8 57 + 612.5%$400,000 to $499,999 258 333 + 29.1% 16 5 - 68.8% 39 32 - 17.9% 1 0 - 100.0% 56 101 + 80.4% 2 1 - 50.0%$500,000 to $699,999 184 222 + 20.7% 2 6 + 200.0% 19 24 + 26.3% 0 1 -- 51 75 + 47.1% 1 1 0.0%$700,000 to $999,999 56 85 + 51.8% 0 1 -- 3 11 + 266.7% 0 0 -- 12 24 + 100.0% 0 0 --$1,000,000 to $1,999,999 11 18 + 63.6% 0 0 -- 1 0 - 100.0% 0 0 -- 3 3 0.0% 0 0 --$2,000,000 and Above 1 0 - 100.0% 0 1 -- 0 0 -- 0 0 -- 1 0 - 100.0% 0 0 --All Price Ranges 3,169 3,204 + 1.1% 828 876 + 5.8% 242 265 + 9.5% 82 82 0.0% 832 854 + 2.6% 223 267 + 19.7%

Inventory of Active Listings

By Price Range 4-2014 4-2015 Change 4-2014 4-2015 Change 3-2015 4-2015 Change 3-2015 4-2015 Change$99,999 and Below 18 4 - 77.8% 4 0 - 100.0% 4 4 0.0% 0 0 --$100,000 to $199,999 76 28 - 63.2% 22 8 - 63.6% 34 28 - 17.6% 7 8 + 14.3%$200,000 to $299,999 116 51 - 56.0% 38 14 - 63.2% 54 51 - 5.6% 25 14 - 44.0%$300,000 to $399,999 127 95 - 25.2% 8 20 + 150.0% 98 95 - 3.1% 19 20 + 5.3%$400,000 to $499,999 86 99 + 15.1% 4 8 + 100.0% 101 99 - 2.0% 7 8 + 14.3%$500,000 to $699,999 98 83 - 15.3% 1 0 - 100.0% 74 83 + 12.2% 0 0 --$700,000 to $999,999 46 40 - 13.0% 0 2 -- 35 40 + 14.3% 1 2 + 100.0%$1,000,000 to $1,999,999 24 20 - 16.7% 1 2 + 100.0% 17 20 + 17.6% 2 2 0.0%$2,000,000 and Above 1 1 0.0% 1 0 - 100.0% 1 1 0.0% 0 0 --All Price Ranges 592 421 - 28.9% 79 54 - 31.6% 418 421 + 0.7% 61 54 - 11.5%

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

3,169

828

3,9973,204

876

4,080

Singe Family Townhouse-Condo All Properties

By Property Type 4-2014 4-2015

592

79

671421

54

475

Singe Family Townhouse-Condo All Properties

By Property Type

67

920

1,799

683274 186 56 11 144

635

1,745

985338 228 86 18 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 – Rolling 12 Months 4-2014 4-2015

0.0%

1876

116 12786 98

46 24 14 28 5195 99 83

40 20 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

- 34.3% - 31.0% - 3.0% + 44.2% + 63.6%+ 23.4% + 22.6% + 53.6% + 1.1% + 5.8% + 2.1%

0.0%- 77.8% - 63.2% - 56.0% - 25.2% - 16.7%- 15.3% - 13.0% - 28.9% - 31.6% - 29.2%+ 15.1%

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.

May Housing Report 2015

Documents

Transcript of May Housing Report 2015