market data, december 2012
Post on 12-Nov-2014
356 Views
Preview:
DESCRIPTION
TRANSCRIPT
Monthly Indicators A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
December 2012 Quick Facts
23456789
10111213
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 16, 2013. All data from MLS PropertyInformation Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.
+ 11.8%Year-Over-Year(YoY) Change inClosed Sales
Single-Family Only
It was largely a year of recovery for housing across our nation. Markets resolved to shed their excess weight, appeal to both existing homeowners and renters alike, and learn to play nicer with banks. Hey, three for three isn't too bad. But there's more work to be done. Here's how the final month of 2012 finished up.
New Listings in the Greater Boston region were down 20.0 percent for detached homes and 19.3 percent for condominiums. Closed Sales increased 11.8 percent for detached homes and 17.5 percent for condominiums.
The Median Sales Price was up 6.8 percent to $470,000 for single-family properties and 10.3 percent to $380,000 for condominiums. Months Supply of Inventory decreased 44.0 percent for single-family units and 52.7 percent for townhouse-condo units.
Economic growth is on an upward trend and several prominent housing indices continue to showcase market turnaround. Momentum is on our side, though it won't necessarily be fast, consistent or universal. But after five or six challenging years, it's a welcomed change of pace. Plenty of opportunity lies ahead. Here's to a healthy and prosperous year!
+ 17.5%Year-Over-Year(YoY) Change inClosed Sales
Condominium Only
+ 14.5%Year-Over-Year(YoY) Change inClosed SalesAll Properties
Single-Family Market Overview
Condominium Market Overview
Closed Sales
Median Sales Price
Housing Affordability Index
Inventory of Homes for Sale
Click on desired metric to jump to that page.
Months Supply of Inventory
Days On Market Until Sale
Percent of Original List Price Received
City of Boston Overview
Pending Sales
New Listings
Single-Family Market Overview Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines Dec-2011 Dec-2012 + / – YTD 2011 YTD 2012 + / –
93.1% 94.4%
- 5.9%
+ 1.4%Percent of OriginalList Price Received
Days on Market Until Sale
92.1%
- 12.8%
+ 2.3%
98
94.2%
Pending Sales
Median Sales Price
+ 20.9%11,101570 624 + 9.5% 9,181
- 37.4% -- --
+ 3.5% 102 110 + 8.0%
--
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory 4.9
$440,000 + 1.7%
112
104 108
98
-- -- --
3,669 2,296
2.8 - 44.0%
$470,000 + 6.8% $450,000
104
10,886 + 20.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
New Listings 459 367 - 20.0% 15,386 14,926 - 3.0%
Closed Sales 745 833 + 11.8% 9,069
$457,500
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
Condominium Market Overview Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics Historical Sparklines Dec-2011 Dec-2012 + / – YTD 2011 YTD 2012 + / –
+ 21.9%
Median Sales Price $344,500 $380,000 + 10.3% $359,011 $379,000 + 5.6%
Closed Sales 645 758 + 17.5% 7,941 9,680
+ 4.4%
Inventory of Homes for Sale 2,819 1,568 - 44.4% -- -- --
Housing Affordability Index 130 131 + 0.6% 125 131
--
Days on Market Until Sale 120 84 - 30.4% 105 87 - 17.8%
Months Supply of Inventory 4.4 2.1 - 52.7% -- --
+ 2.0%
Pending Sales 471 515 + 9.3% 7,967 9,882 + 24.0%
Percent of OriginalList Price Received
93.0% 96.2% + 3.4% 94.0% 95.8%
- 8.3%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings 389 314 - 19.3% 13,649 12,511
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
Closed Sales A count of the actual sales that have closed in a given month.
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 526 + 12.6% 414 + 3.0%
Feb-2012 474 + 33.5% 385 + 12.2%
Mar-2012 657 + 16.5% 608 + 10.9%
Apr-2012 752 + 12.1% 759 + 19.7%
May-2012 1,017 + 20.4% 1,013 + 32.1%
Jun-2012 1,529 + 21.4% 1,270 + 20.2%
Jul-2012 1,293 + 25.4% 1,041 + 21.8%
Aug-2012 1,316 + 26.7% 1,206 + 24.7%
Sep-2012 773 - 1.4% 754 + 16.4%
Oct-2012 798 + 28.9% 712 + 38.8%
Nov-2012 918 + 33.0% 760 + 35.2%
Dec-2012 833 + 11.8% 758 + 17.5%
Total 10,886 + 20.0% 9,680 + 21.9%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
736
655
745
645
833 758
Single-Family Condominium
December
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Closed Sales Activity Single-Family Condominium
+17.5% -1.5% +1.2%
2012 2011 2012 2011
9,149 8,306
9,069
7,941
10,886
9,680
Single-Family Condominium
Year to Date
+21.9% -4.4% -0.9%
2012 2011 2012 2011
+11.8% +20.0%
2010 2010 2010 2010
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 $405,000 - 9.0% $350,000 - 1.7%
Feb-2012 $391,875 + 3.4% $371,000 + 6.6%
Mar-2012 $411,000 - 1.3% $340,000 + 4.8%
Apr-2012 $414,850 - 3.3% $370,750 + 5.0%
May-2012 $465,000 + 1.3% $381,000 + 4.4%
Jun-2012 $500,000 - 0.2% $400,000 + 6.7%
Jul-2012 $510,000 + 2.2% $387,000 + 6.3%
Aug-2012 $489,450 - 1.9% $380,000 + 3.5%
Sep-2012 $430,000 - 4.3% $375,000 + 2.0%
Oct-2012 $429,000 + 10.0% $365,883 + 4.8%
Nov-2012 $445,550 + 5.3% $380,000 + 8.4%
Dec-2012 $470,000 + 6.8% $380,000 + 10.3%
Median $457,500 + 1.7% $379,000 + 5.6%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
$435,000
$355,000
$440,000
$344,500
$470,000
$380,000
Single-Family Condominium
December
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Median Sales Price Single-Family Condominium
+10.3% -3.0% +1.1%
2012 2011 2012 2011
$450,000
$349,900
$450,000
$359,011
$457,500
$379,000
Single-Family Condominium
Year to Date
+5.6% +2.6% 0.0%
2012 2011 2012 2011
+6.8% +1.7%
2010 2010 2010 2010
Housing Affordability Index
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 113 + 17.4% 129 + 9.3%
Feb-2012 119 + 7.9% 125 + 4.9%
Mar-2012 114 + 11.5% 135 + 5.6%
Apr-2012 112 + 13.1% 124 + 4.8%
May-2012 102 + 7.2% 122 + 4.2%
Jun-2012 97 + 8.5% 118 + 1.9%
Jul-2012 96 + 7.9% 124 + 3.9%
Aug-2012 100 + 11.0% 127 + 5.5%
Sep-2012 116 + 15.2% 131 + 8.5%
Oct-2012 115 - 0.4% 133 + 4.1%
Nov-2012 112 + 4.1% 129 + 1.4%
Dec-2012 108 + 3.5% 131 + 0.6%
Average 109 +8.9% 127 +4.6%
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
98
118
104
130
108
131
Single-Family Condominium
December
60
70
80
90
100
110
120
130
140
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Housing Affordability Index Single-Family Condominium
+0.6% +9.9% +5.9%
95
120
102
125
110
131
Single-Family Condominium
Year to Date
+4.4% +4.8% +7.0%
2012 2011 2012 2011 2012 2011 2012 2011
+3.5% +8.0%
2010 2010 2010 2010
Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 3,708 - 2.4% 2,979 - 19.1%
Feb-2012 4,100 + 6.7% 3,270 - 16.5%
Mar-2012 4,726 + 2.1% 3,700 - 21.1%
Apr-2012 5,074 - 4.7% 3,854 - 25.7%
May-2012 5,178 - 9.7% 3,666 - 29.8%
Jun-2012 4,857 - 15.3% 3,395 - 33.4%
Jul-2012 4,423 - 21.0% 3,128 - 33.7%
Aug-2012 4,049 - 24.7% 2,716 - 35.6%
Sep-2012 4,244 - 24.8% 2,831 - 34.6%
Oct-2012 3,910 - 27.9% 2,585 - 37.0%
Nov-2012 3,218 - 30.2% 2,155 - 40.1%
Dec-2012 2,296 - 37.4% 1,568 - 44.4%
Average 4,149 - 16.2% 2,987 - 30.5%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
3,769 3,546 3,669
2,819
2,296
1,568
Single-Family Condominium
December
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Inventory of Homes for Sale Single-Family Condominium
-44.4% -20.5% -2.7%
2012 2011 2012 2011
-37.4%
2010 2010
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 7.0 - 13.4% 7.2 - 21.4%
Feb-2012 8.6 - 20.1% 8.5 - 25.6%
Mar-2012 7.2 - 12.4% 6.1 - 28.9%
Apr-2012 6.7 - 14.9% 5.1 - 37.9%
May-2012 5.1 - 25.0% 3.6 - 46.9%
Jun-2012 3.2 - 30.2% 2.7 - 44.6%
Jul-2012 3.4 - 37.0% 3.0 - 45.5%
Aug-2012 3.1 - 40.5% 2.3 - 48.4%
Sep-2012 5.5 - 23.8% 3.8 - 43.8%
Oct-2012 4.9 - 44.1% 3.6 - 54.6%
Nov-2012 3.5 - 47.5% 2.8 - 55.7%
Dec-2012 2.8 - 44.0% 2.1 - 52.7%
Average 5.0 - 24.2% 4.2 - 36.5%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8
5.1 5.4
4.9
4.4
2.8
2.1
Single-Family Condominium
December
2
4
6
8
10
12
14
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Months Supply of Inventory Single-Family Condominium
-52.7% -19.3% -3.8%
2012 2011 2012 2011
-44.0%
2010 2010
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 130 + 15.0% 124 - 5.0%
Feb-2012 134 + 2.9% 123 - 9.8%
Mar-2012 131 - 3.1% 118 - 4.2%
Apr-2012 120 - 1.4% 98 - 16.9%
May-2012 96 - 6.4% 86 - 12.0%
Jun-2012 90 - 0.1% 75 - 19.5%
Jul-2012 81 - 4.5% 71 - 20.6%
Aug-2012 88 - 5.4% 76 - 18.3%
Sep-2012 89 - 12.1% 85 - 18.0%
Oct-2012 91 - 16.4% 84 - 11.6%
Nov-2012 90 - 17.7% 76 - 30.5%
Dec-2012 98 - 12.8% 84 - 30.4%
Total 98 - 5.9% 80 - 16.2%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9
113 107
112 120
98
84
Single-Family Condominium
December
40
60
80
100
120
140
160
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Days on Market Until Sale Single-Family Condominium
-30.4% +11.8% -0.3%
95 102 104 105
98
87
Single-Family Condominium
Year to Date
-17.8% +3.3% +9.6%
2012 2011 2012 2011 2012 2011 2012 2011
-12.8% -5.9%
2010 2010 2010 2010
Percent of Original List Price Received
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 90.5% - 0.4% 92.8% + 0.5%
Feb-2012 91.2% + 0.3% 93.4% + 1.5%
Mar-2012 93.0% + 0.8% 94.0% + 0.9%
Apr-2012 93.5% + 0.9% 95.7% + 2.0%
May-2012 95.4% + 1.2% 96.1% + 1.0%
Jun-2012 95.3% + 0.8% 96.3% + 1.7%
Jul-2012 95.7% + 1.5% 96.6% + 1.7%
Aug-2012 94.8% + 1.5% 96.2% + 2.2%
Sep-2012 94.5% + 1.5% 96.4% + 2.4%
Oct-2012 94.3% + 2.8% 95.9% + 2.4%
Nov-2012 94.6% + 2.3% 96.2% + 2.5%
Dec-2012 94.2% + 2.3% 96.2% + 3.4%
Average 94.4% + 1.4% 95.8% + 2.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
91.3% 93.0% 92.1% 93.0% 94.2% 96.2%
Single-Family Condominium
December
89%
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Percent of Original List Price Received Single-Family Condominium
+3.4% +0.1% +1.0%
93.6% 94.4% 93.1% 94.0% 94.4% 95.8%
Single-Family Condominium
Year to Date
+2.0% -0.4% -0.6%
2012 2011 2012 2011 2012 2011 2012 2011
+2.3% +1.4%
2010 2010 2010 2010
Pending Sales A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 545 + 26.7% 484 + 18.6%
Feb-2012 652 + 23.3% 635 + 24.0%
Mar-2012 994 + 24.6% 1,012 + 32.3%
Apr-2012 1,153 + 21.8% 1,049 + 24.3%
May-2012 1,339 + 23.1% 1,268 + 28.9%
Jun-2012 1,269 + 13.4% 1,047 + 19.5%
Jul-2012 1,057 + 26.6% 835 + 9.4%
Aug-2012 912 + 18.0% 821 + 22.5%
Sep-2012 855 + 28.8% 720 + 39.0%
Oct-2012 896 + 20.4% 823 + 38.8%
Nov-2012 805 + 17.7% 673 + 19.5%
Dec-2012 624 + 9.5% 515 + 9.3%
Total 11,101 + 20.9% 9,882 + 24.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11
542
442
570
471
624
515
Single-Family Condominium
December
200
400
600
800
1,000
1,200
1,400
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical Pending Sales Activity Single-Family Condominium
+9.3% +6.6% +5.2%
9,132 8,200
9,181
7,967
11,101
9,882
Single-Family Condominium
Year to Date
+24.0% -2.8% +0.5%
2012 2011 2012 2011 2012 2011 2012 2011
+9.5% +20.9%
2010 2010 2010 2010
New Listings A count of the properties that have been newly listed on the market in a given month.
Single-FamilyYoY
ChangeCondominium
YoYChange
Jan-2012 975 + 14.4% 958 - 1.8%
Feb-2012 1,336 + 51.3% 1,145 + 5.8%
Mar-2012 2,023 + 3.1% 1,741 - 12.0%
Apr-2012 1,812 - 9.3% 1,504 - 13.1%
May-2012 1,810 - 4.1% 1,391 - 7.5%
Jun-2012 1,371 - 15.2% 1,155 - 14.1%
Jul-2012 1,036 - 13.1% 905 - 7.6%
Aug-2012 1,012 - 8.5% 792 - 7.4%
Sep-2012 1,440 - 9.4% 1,157 - 9.7%
Oct-2012 1,087 - 6.2% 883 - 2.1%
Nov-2012 657 - 3.7% 566 - 9.9%
Dec-2012 367 - 20.0% 314 - 19.3%
Total 14,926 - 3.0% 12,511 - 8.3%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12
433
489 459
389 367
314
Single-Family Condominium
December
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
Historical New Listing Activity Single-Family Condominium
-19.3% -20.4% +6.0%
15,859 15,937 15,386
13,649 14,926
12,511
Single-Family Condominium
Year to Date
-8.3% -14.4% -3.0%
2012 2011 2012 2011 2012 2011 2012 2011
-20.0% -3.0%
2010 2010 2010 2010
City of Boston – Market Overview Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics Historical Sparklines Dec-2011 Dec-2012 + / – YTD 2011 YTD 2012 + / –
+ 23.6%
Median Sales Price $389,750 $400,000 + 2.6% $375,000 $400,000 + 6.7%
Closed Sales 366 422 + 15.3% 4,397 5,436
+ 8.0%
Inventory of Homes for Sale 1,464 700 - 52.2% -- -- --
Housing Affordability Index 104 108 + 3.5% 102 110
--
Days on Market Until Sale 114 76 - 33.3% 101 82 - 19.3%
Months Supply of Inventory 4.0 1.7 - 58.5% -- --
+ 2.0%
Pending Sales 286 268 - 6.3% 4,458 5,522 + 23.9%
Percent of OriginalList Price Received
93.4% 95.6% + 2.3% 93.8% 95.6%
- 9.3%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13
New Listings 251 157 - 37.5% 7,733 7,014
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
12-2009 12-2010 12-2011 12-2012
top related