Feb 2015 Housing Report

January 2015 Activity Snapshot

One-Year Change in One-Year Change in

Single FamilySold Listings

Single FamilyDays On Market

23456789

10111213141516

Click on desired metric to jump to that page.

Monthly Indicators

+ 19.2% - 7.8% + 15.8%One-Year Change in

It's already evident that 2015 will be marked by talk of changing mortgage rates and regulations. Rates should stay low, but consumers and finance experts alike believe that we're at or near rate bottoms. Early indications point to more sales, more listings, more new construction and more excitement. It's not expected to be the overblown land grab of the early 2000s, but it should feel like a healthy market, which, in and of itself, may feel like an odd sensation to real estate practitioners accustomed to the boom and bust of the 21st century.

New Listings were down 28.6 percent for single family homes and 4.7 percent for townhouse-condo properties. Pending sales clocked in at 188 for single family homes and 69 for townhouse-condo properties.

The Median Sales Price was up 15.8 percent to $288,367 for single family homes and 19.2 percent to $220,000 for townhouse-condo properties. Months Supply of Inventory stood at 1.5 for single family units and 1.1 months for townhouse-condo units.

The 3 percent downpayment programs from Fannie Mae and Freddie Mac should help potential new homeowners, but in a recent member survey by the Independent Community Bankers of America, three-fourths of respondents stated that regulatory burdens are hurting their ability to loan money. The wider economy shows slight wage increases and gas prices near five-year lows but rising along with extended daylight and buyer demand. These various economic pushes and pulls can turn stagnant markets into exciting ones. It's all in how you look at it.

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 February 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

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 1-2014 1-2015 Percent Change YTD-2014 YTD-2015 Percent Change

-- --

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

-- --

Months Supply 2.2 1.5 - 31.8% --

Active Listings 589 394 - 33.1% --

Affordability Index 132 123 - 6.8% 132 123 - 6.8%

Pct. of List Price Received 98.0% 98.5% + 0.5% 98.0% 98.5% + 0.5%

Avg. Sales Price $295,825 $332,528 + 12.4% $295,825 $332,528

Days on Market 103 95 - 7.8% 103 95 - 7.8%

-- --

Sold Listings 146 174 + 19.2% 146 174 + 19.2%

Median Sales Price $249,050 $288,367 + 15.8% $249,050 $288,367 + 15.8%

+ 12.4%

- 28.6%

Pending Sales 227 188 - 17.2% 227 188 - 17.2%

New Listings 283 202 - 28.6% 283 202

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

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

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 1.1 1.1 0.0% --

Active Listings 75 79 + 5.3% --



Avg. Sales Price $205,325 $214,305 + 4.4% $205,325 $214,305

Days on Market 97 74 - 23.7% 97 74 - 23.7%

-- --

Sold Listings 32 38 + 18.8% 32 38 + 18.8%


+ 4.4%

- 4.7%

Pending Sales 59 69 + 16.9% 59 69 + 16.9%

New Listings 64 61 - 4.7% 64 61


1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Feb-2014 272 -7.8% 59 -10.6%

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 265 +4.3% 67 +45.7%

Nov-2014 167 -16.1% 44 -2.2%

Dec-2014 126 -11.9% 65 +103.1%

Jan-2015 202 -28.6% 61 -4.7%

12-Month Avg 305 -8.4% 80 +10.0%

Historical New Listings by Month


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

268

50

283

64

202

61

Single Family Townhouse-Condo

January

0

100

200

300

400

500

600

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


268

50

283

64

202

61


Year to Date

2013 2014 2015

- 4.7%+ 28.0%- 28.6%+ 5.6% + 28.0%- 28.6%+ 5.6% - 4.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 24.7% + 24.7% + 2.0%+ 2.0%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Feb-2014 245 -4.3% 60 +5.3%

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 351 +0.6% 91 +18.2%

Jul-2014 309 +4.4% 112 +57.7%

Aug-2014 255 +4.1% 91 +15.2%

Sep-2014 268 +23.5% 63 +18.9%

Oct-2014 228 0.0% 60 -7.7%

Nov-2014 205 +2.5% 40 -16.7%

Dec-2014 163 +8.7% 47 +74.1%

Jan-2015 188 -17.2% 69 +16.9%

12-Month Avg 268 +1.6% 74 +9.1%

Historical Pending Sales by Month

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


238

53

227

59

188

69


January

0

100

200

300

400

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


238

53

227

59

188

69


Year to Date

2013 2014 2015

+ 16.9%+ 11.3%- 17.2%- 4.6% + 11.3%- 17.2%- 4.6% + 16.9%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 38.4% + 38.4% + 39.5%+ 39.5%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Feb-2014 170 -7.1% 51 +27.5%

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 174 +19.2% 38 +18.8%

12-Month Avg 267 -0.3% 70 +5.5%

Historical Sold Listings by Month

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


169

34

146

32

174

38


January

0

100

200

300

400

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


169

34

146

32

174

38


Year to Date

2013 2014 2015

+ 18.8%- 5.9%+ 19.2%- 13.6% - 5.9%+ 19.2%- 13.6% + 18.8%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 55.0% + 55.0% - 15.0%- 15.0%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Feb-2014 $250,725 +3.2% $179,601 +22.4%

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 $288,367 +15.8% $220,000 +19.2%

12-Month Avg* $283,000 +8.4% $186,000 +9.4%

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 February 2014 through January 2015. This is not the average of the individual figures above.


$250,500

$181,450

$249,050

$184,500

$288,367

$220,000


January

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


$250,500

$181,450

$249,050

$184,500

$288,367

$220,000


Year to Date

2013 2014 2015

+ 19.2%+ 1.7%+ 15.8%- 0.6% + 1.7%+ 15.8%- 0.6% + 19.2%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 5.7% + 5.7% + 12.0%+ 12.0%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


Feb-2014 $286,294 -1.1% $187,404 +16.0%

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 $332,528 +12.4% $214,305 +4.4%

12-Month Avg* $323,367 +7.7% $202,306 +11.7%

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 February 2014 through January 2015. This is not the average of the individual figures above.


$287,948

$186,919

$295,825

$205,325

$332,528

$214,305


January

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

+ 4.4%+ 9.8%+ 12.4%+ 2.7%2013 2014 2015

+ 7.6% + 11.2%

$287,948

$186,919

$295,825

$205,325

$332,528

$214,305


Year to Date

+ 4.4%+ 9.8%2013 2014 2015 2013 2014 2015

+ 12.4%+ 2.7%+ 7.6% + 11.2%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


Feb-2014 98.9% +0.8% 98.6% +0.2%

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%

12-Month Avg* 98.8% +0.3% 98.9% +0.6%

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 February 2014 through January 2015. This is not the average of the individual figures above.


97.9% 98.4%98.0% 98.0%98.5% 99.7%


January

94%

95%

96%

97%

98%

99%

100%

101%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


97.9% 98.4%98.0% 98.0%98.5% 99.7%


Year to Date

2013 2014 2015

+ 1.7%- 0.4%+ 0.5%+ 0.1% - 0.4%+ 0.5%+ 0.1% + 1.7%2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 0.1% + 0.1% + 2.8%+ 2.8%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Feb-2014 95 -18.1% 60 -51.2%

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 95 -7.8% 74 -23.7%

12-Month Avg 81 -0.7% 68 -10.5%

Historical Days on Market Until Sale by Month* Days on Market for all properties from February 2014 through January 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.

104

83

1039795

74


January

25

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


104

83

1039795

74


Year to Date

2013 2014 2015

- 23.7%+ 16.9%- 7.8%- 1.0% + 16.9%- 7.8%- 1.0% - 23.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 25.2% - 25.2% - 43.5%- 43.5%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Feb-2014 133 -9.5% 186 -23.8%

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%

12-Month Avg 122 -6.8% 132 -20.8%

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.


146

201

132

179

123

162


January

100

125

150

175

200

225

250

275

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

- 9.5%- 10.9%- 6.8%- 9.6%2013 2014 2015

- 0.7% - 6.5%

146

201

132

179

123

162


Year to Date

- 9.5%- 10.9%- 6.8%- 9.6%- 0.7% - 6.5%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


Feb-2014 585 -2.8% 68 -38.7%

Mar-2014 538 -6.6% 67 -38.0%

Apr-2014 592 -1.3% 78 -25.0%

May-2014 656 -6.3% 81 -14.7%

Jun-2014 706 -8.1% 88 -13.7%

Jul-2014 702 -14.2% 85 -30.9%

Aug-2014 710 -16.5% 90 -29.7%

Sep-2014 656 -21.3% 85 -30.9%

Oct-2014 615 -21.3% 82 -9.9%

Nov-2014 516 -25.6% 86 +7.5%

Dec-2014 413 -30.5% 96 +26.3%

Jan-2015 394 -33.1% 79 +5.3%

12-Month Avg* 590 -15.7% 82 -19.0%

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 February 2014 through January 2015. This is not the average of the individual figures above.


605

105

589

75

394

79


January

0

200

400

600

800

1,000

1,200

1,400

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

+ 5.3%- 28.6%- 33.1%- 2.6%2013 2014 2015

- 25.7% - 26.6%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


Feb-2014 2.2 -12.0% 1.0 -47.4%

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% 1.3 -35.0%

Sep-2014 2.5 -21.9% 1.2 -36.8%

Oct-2014 2.3 -20.7% 1.2 -14.3%

Nov-2014 1.9 -26.9% 1.2 0.0%

Dec-2014 1.6 -27.3% 1.4 +27.3%

Jan-2015 1.5 -31.8% 1.1 0.0%

12-Month Avg* 2.2 -17.9% 1.2 -25.1%

Historical Months Supply of Inventory by Month* Months Supply for all properties from February 2014 through January 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.

2.5

1.8

2.2

1.1

1.5

1.1


January

0.0

2.0

4.0

6.0

8.0

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

0.0%- 38.9%- 31.8%- 12.0%2013 2014 2015

- 40.5% - 35.7%

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


-- --


-- --

Months Supply 2.0 1.4 - 29.4% --

Active Listings 664 473 - 28.8% --



Avg. Sales Price $279,555 $311,337 + 11.4% $279,555 $311,337

Days on Market 102 91 - 10.8% 102 91 - 10.8%

-- --

Sold Listings 178 212 + 19.1% 178 212 + 19.1%


+ 11.4%

- 24.2%

Pending Sales 286 257 - 10.1% 59 69 + 16.9%

New Listings 347 263 - 24.2% 347 263


1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

1-2012 1-2013 1-2014 1-2015

Sold Listings

By Price Range 1-2014 1-2015 Change 1-2014 1-2015 Change 12-2014 1-2015 Change 12-2014 1-2015 Change 1-2014 1-2015 Change 1-2014 1-2015 Change$99,999 and Below 29 29 0.0% 40 18 - 55.0% 0 2 -- 1 0 - 100.0% 1 2 + 100.0% 2 0 - 100.0%$100,000 to $199,999 460 246 - 46.5% 516 455 - 11.8% 7 11 + 57.1% 21 17 - 19.0% 27 11 - 59.3% 17 17 0.0%$200,000 to $299,999 1,562 1,536 - 1.7% 195 309 + 58.5% 85 80 - 5.9% 25 17 - 32.0% 72 80 + 11.1% 10 17 + 70.0%$300,000 to $399,999 664 810 + 22.0% 24 44 + 83.3% 78 46 - 41.0% 5 4 - 20.0% 21 46 + 119.0% 1 4 + 300.0%$400,000 to $499,999 256 293 + 14.5% 15 5 - 66.7% 21 16 - 23.8% 0 0 -- 11 16 + 45.5% 1 0 - 100.0%$500,000 to $699,999 184 198 + 7.6% 4 5 + 25.0% 10 12 + 20.0% 1 0 - 100.0% 11 12 + 9.1% 1 0 - 100.0%$700,000 to $999,999 54 75 + 38.9% 0 1 -- 7 5 - 28.6% 0 0 -- 3 5 + 66.7% 0 0 --$1,000,000 to $1,999,999 9 20 + 122.2% 0 0 -- 2 2 0.0% 0 0 -- 0 2 -- 0 0 --$2,000,000 and Above 0 1 -- 0 1 -- 0 0 -- 1 0 - 100.0% 0 0 -- 0 0 --All Price Ranges 3,218 3,208 - 0.3% 794 838 + 5.5% 210 174 - 17.1% 54 38 - 29.6% 146 174 + 19.2% 32 38 + 18.8%

Inventory of Active Listings

By Price Range 1-2014 1-2015 Change 1-2014 1-2015 Change 12-2014 1-2015 Change 12-2014 1-2015 Change$99,999 and Below 17 4 - 76.5% 0 0 -- 6 4 - 33.3% 0 0 --$100,000 to $199,999 76 32 - 57.9% 32 7 - 78.1% 37 32 - 13.5% 12 7 - 41.7%$200,000 to $299,999 148 47 - 68.2% 33 27 - 18.2% 61 47 - 23.0% 34 27 - 20.6%$300,000 to $399,999 129 112 - 13.2% 4 37 + 825.0% 108 112 + 3.7% 46 37 - 19.6%$400,000 to $499,999 85 85 0.0% 4 6 + 50.0% 76 85 + 11.8% 2 6 + 200.0%$500,000 to $699,999 82 67 - 18.3% 1 0 - 100.0% 69 67 - 2.9% 0 0 --$700,000 to $999,999 32 34 + 6.3% 0 1 -- 44 34 - 22.7% 1 1 0.0%$1,000,000 to $1,999,999 18 12 - 33.3% 0 1 -- 11 12 + 9.1% 1 1 0.0%$2,000,000 and Above 2 1 - 50.0% 1 0 - 100.0% 1 1 0.0% 0 0 --All Price Ranges 589 394 - 33.1% 75 79 + 5.3% 413 394 - 4.6% 96 79 - 17.7%

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

3,218

794

4,0123,208

838

4,046

Singe Family Townhouse-Condo All Properties

By Property Type 1-2014 1-2015

Singe Family Townhouse-Condo All Properties

By Property Type

69

976

1,757

688271 188 54 9 047

701

1,845

854298 203 76 20 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 1-2014 1-2015

--

< $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

- 31.9% - 28.2% + 5.0% + 24.1% + 122.2%+ 10.0% + 8.0% + 40.7% - 0.3% + 5.5% + 0.8%

- 50.0%- 76.5% - 57.9% - 68.2% - 13.2% - 33.3%- 18.3% + 6.3% - 33.1% + 5.3% - 28.8%0.0%

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 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.

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.

Documents

Feb 2015 Housing Report