april 2014 housing report
DESCRIPTION
A comprehensive Housing Report from the Fort Collins Board of REALTORS® outlining the latest market reports for single family and multi-famliy housing in the greater Fort Collins Area. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings. For more information please visit www.fcbr.org/HousingReports or call 223-2900TRANSCRIPT
March 2014 Activity Snapshot
One-Year Change in One-Year Change in
Single FamilySold Listings
Single FamilyDays On Market
2
Monthly Indicators
- 13.8% + 7.1% + 0.4%One-Year Change inDuring this year's spring refresh, seller activity is the first item on the watch list.
Low inventory has been a national headline grabber, and many are eager to see if this is the year that brings a bevy of new properties to market for ready-to-buyers. Investor activity and cash purchases should be monitored, as well, along with any increases in new construction. And although interest rates are up from their all-time lows, borrowing costs are still remarkably affordable. It's cheaper to own than to rent in most of the country.
New Listings were down 16.7 percent for single family homes but increased
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.
New Listings were down 16.7 percent for single family homes but increased 24.1 percent for townhouse-condo properties. Pending sales clocked in at 78 for single family homes and 24 for townhouse-condo properties.
The Median Sales Price was up 0.4 percent to $256,000 for single family homes but decreased 2.5 percent to $158,500 for townhouse-condo properties. Months Supply of Inventory stood at 3.2 for single family units and 2.5 months for townhouse-condo units.
Consumers are in better shape for the current financial landscape, just in time for the primary home-buying season. Along with an uptick in consumer confidence, GDP growth was revised up to 2.6 percent by the Commerce Department. Consumer spending has risen and claims for unemployment benefits have decreased. Economic health fuels housing market growth. Employed, confident people with rising incomes tend to purchase real property.
Single Family Activity Overview
All Properties Activity Overview
Current as of April 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
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 3-2013 3-2014 Percent Change YTD-2013 YTD-2014 Percent Change
-- --
Sold Listings 268 231 - 13.8% 620 546 - 11.9%
Median Sales Price $255,000 $256,000 + 0.4% $251,000 $253,000 + 0.8%
- 8.9%
Pending Sales 330 78 - 76.4% 824 457 - 44.5%
New Listings 366 305 - 16.7% 929 846
Under Contract Not enough historical data for chart -- -- -- --
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
-- --
Current as of April 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 -- 3.2 -- --
Active Listings Not enough historical data for chart -- 837 -- --
Affordability Index 145 136 - 6.2% 147 137 - 6.8%
Pct. of List Price Received 98.9% 98.6% - 0.3% 98.4% 98.5% + 0.1%
Average Sales Price $282,818 $296,133 + 4.7% $286,160 $292,893
Days on Market 84 90 + 7.1% 99 95 - 4.0%
+ 2.4%
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
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 3-2013 3-2014 Percent Change YTD-2013 YTD-2014 Percent Change
-- --
Sold Listings 51 60 + 17.6% 125 143 + 14.4%
Median Sales Price $162,500 $158,500 - 2.5% $162,500 $176,000 + 8.3%
+ 12.8%
Pending Sales 76 24 - 68.4% 186 124 - 33.3%
New Listings 79 98 + 24.1% 195 220
Under Contract Not enough historical data for chart -- -- -- --
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
-- --
Current as of April 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 -- 2.5 -- --
Active Listings Not enough historical data for chart -- 171 -- --
Affordability Index 211 203 - 3.8% 211 186 - 11.8%
Pct. of List Price Received 98.9% 98.6% - 0.3% 98.6% 98.4% - 0.2%
Average Sales Price $173,616 $176,092 + 1.4% $173,366 $186,612
Days on Market 73 66 - 9.6% 92 71 - 22.8%
+ 7.6%
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
New Listings
New ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Apr-2013 382 +2.1% 115 +16.2%
May-2013 514 +21.5% 87 +1.2%
Jun-2013 484 +27.0% 89 0.0%
Jul-2013 415 +4.5% 96 +33.3%
Aug-2013 364 +5.8% 89 +23.6%
Sep-2013 300 +22.4% 61 +5.2%
Oct-2013 254 -3.4% 46 -31.3%
Nov-2013 199 +2.6% 45 -6.3%
Dec-2013 143 +3.6% 32 +23.1%
Jan-2014 279 +4.1% 64 +28.0%
Feb-2014 262 -11.2% 58 -12.1%
Mar-2014 305 -16.7% 98 +24.1%
12-Month Avg 325 +5.8% 73 +8.4%
A count of the properties that have been newly listed on the market in a given month.
347
111
366
79
305
98
March
837
218
929
195
846
220
Year to Date
2012 2013 2014
+ 24 1%- 28 8%16 7%+ 5 5% 10 6%8 9%+ 11 0% + 12 8%
2012 2013 2014 2012 2013 2014 2012 2013 2014
6 0% + 1 8% + 6 3%+ 23 3%12 Month Avg 325 +5.8% 73 +8.4%
Historical New Listings by Month
Current as of April 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
+ 24.1%- 28.8%- 16.7%+ 5.5% - 10.6%- 8.9%+ 11.0% + 12.8%
2012 2013 2014 2012 2013 2014 2012 2013 2014
- 6.0% + 1.8% + 6.3%+ 23.3%
Pending Sales
Pending SalesSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Apr-2013 313 +10.6% 112 +17.9%
May-2013 357 +15.9% 87 +1.2%
Jun-2013 349 +14.4% 77 -8.3%
Jul-2013 295 0.0% 71 +6.0%
Aug-2013 244 +7.0% 69 +16.9%
Sep-2013 215 -2.3% 52 +2.0%
Oct-2013 226 +2.7% 65 +25.0%
Nov-2013 195 +7.1% 42 -4.5%
Dec-2013 145 -12.7% 25 -24.2%
Jan-2014 196 -17.6% 54 +1.9%
Feb-2014 183 -28.5% 46 -19.3%
Mar-2014 78 -76.4% 24 -68.4%
12-Month Avg 233 -7.8% 60 -4.4%
A count of the properties on which offers have been accepted in a given month.
281
53
330
7678
24
March
687
143
824
186
457
124
Year to Date
2012 2013 2014
- 68 4%+ 43 4%76 4%+ 17 4% + 30 1%44 5%+ 19 9% 33 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 17 6% + 22 5% 0 7%+ 1 9%12 Month Avg 233 7.8% 60 4.4%
Historical Pending Sales by Month
Current as of April 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
- 68.4%+ 43.4%- 76.4%+ 17.4% + 30.1%- 44.5%+ 19.9% - 33.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 17.6% + 22.5% - 0.7%+ 1.9%
Sold Listings
Sold ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
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 392 +23.7% 93 +14.8%
Aug-2013 344 +15.8% 79 -8.1%
Sep-2013 245 -1.6% 81 +39.7%
Oct-2013 260 +15.0% 46 -6.1%
Nov-2013 204 -4.2% 54 +8.0%
Dec-2013 236 +34.1% 61 +24.5%
Jan-2014 145 -14.2% 32 -5.9%
Feb-2014 170 -7.1% 51 +27.5%
Mar-2014 231 -13.8% 60 +17.6%
12-Month Avg 264 +6.9% 68 +14.0%
A count of the actual sales that closed in a given month.
227
51
268
51
231
60
March
457
114
620
125
546
143
Year to Date
2012 2013 2014
+ 17 6%0 0%13 8%+ 18 1% + 9 6%11 9%+ 35 7% + 14 4%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 29 0% + 16 6% + 10 7%+ 24 4%12 Month Avg 264 +6.9% 68 +14.0%
Historical Sold Listings by Month
Current as of April 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
+ 17.6%0.0%- 13.8%+ 18.1% + 9.6%- 11.9%+ 35.7% + 14.4%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 29.0% + 16.6% + 10.7%+ 24.4%
Median Sales Price
Median Sales PriceSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
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 $272,000 +9.7% $158,900 +2.8%
Aug-2013 $267,950 +5.1% $168,000 +15.5%
Sep-2013 $260,000 +4.4% $195,000 +32.2%
Oct-2013 $255,000 +4.1% $159,000 -3.8%
Nov-2013 $259,450 +3.0% $167,500 +0.6%
Dec-2013 $256,945 +4.9% $186,250 +9.6%
Jan-2014 $248,100 -1.0% $184,500 +1.7%
Feb-2014 $250,013 +2.9% $179,601 +22.4%
Mar-2014 $256,000 +0.4% $158,500 -2.5%
12-Month Avg* $262,500 +5.0% $170,000 +9.5%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$246,000
$148,000
$255,000
$162,500
$256,000
$158,500
March
$237,000
$155,000
$251,000
$162,500
$253,000
$176,000
Year to Date
2012 2013 2014
- 2 5%+ 9 8%+ 0 4%+ 3 7% + 4 8%+ 0 8%+ 5 9% + 8 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 17 1% + 5 3% 0 0%+ 5 7%12 Month Avg $262,500 +5.0% $170,000 +9.5%
Historical Median Sales Price by Month* Median Sales Price for all properties from April 2013 through March 2014. This is not the average of the individual figures above.
Current as of April 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
- 2.5%+ 9.8%+ 0.4%+ 3.7% + 4.8%+ 0.8%+ 5.9% + 8.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 17.1% + 5.3% 0.0%+ 5.7%
Average Sales Price
Average Sales Price
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
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 $315,587 +12.3% $169,127 +6.9%
Aug-2013 $302,012 +4.1% $172,394 +11.6%
Sep-2013 $305,424 +6.0% $203,761 +28.8%
Oct-2013 $302,442 +7.3% $165,129 -12.9%
Nov-2013 $306,012 +10.3% $185,801 +8.8%
Dec-2013 $305,645 +3.8% $201,100 +6.6%
Jan-2014 $295,555 +2.6% $205,325 +9.8%
Feb-2014 $286,220 -1.1% $187,247 +15.9%
Mar-2014 $296,133 +4.7% $176,092 +1.4%
12-Month Avg* $301,418 +6.2% $182,505 +9.5%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$284,614
$166,765
$282,818
$173,616
$296,133
$176,092
March
2012 2013 2014
+ 1 4%+ 4 1%+ 4 7%0 6%2012 2013 2014
+ 13 3% + 16 4%
$271,233
$162,854
$286,160
$173,366
$292,893
$186,612
Year to Date
+ 7 6%+ 6 5%2012 2013 2014 2012 2013 2014
+ 2 4%+ 5 5%+ 3 2% + 5 5%12 Month Avg $301,418 +6.2% $182,505 +9.5%
Historical Average Sales Price by Month* Average Sales Price for all properties from April 2013 through March 2014. This is not the average of the individual figures above.
Current as of April 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
+ 1.4%+ 4.1%+ 4.7%- 0.6%2012 2013 2014
+ 13.3% + 16.4%
Single Family Townhouse-Condo
+ 7.6%+ 6.5%2012 2013 2014 2012 2013 2014
+ 2.4%+ 5.5%+ 3.2% + 5.5%
Percent of List Price Received
Pct. of List Price Received
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
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% 99.4% +1.3%
Aug-2013 98.9% +0.7% 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% 99.0% +1.1%
Jan-2014 98.1% +0.2% 98.0% -0.4%
Feb-2014 98.9% +0.8% 98.4% 0.0%
Mar-2014 98.6% -0.3% 98.6% -0.3%
12-Month Avg* 98.3% +0.5% 98.2% +0.8%
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.
98.2% 98.2%98.9% 98.9%98.6% 98.6%
March
98.1% 96.7%98.4% 98.6%98.5% 98.4%
Year to Date
2012 2013 2014
- 0 3%+ 0 7%- 0 3%+ 0 7% + 2 0%+ 0 1%+ 0 3% 0 2%2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0 4% + 0 6% 0 9%- 0 4%12 Month Avg 98.3% +0.5% 98.2% +0.8%
Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from April 2013 through March 2014. This is not the average of the individual figures above.
Current as of April 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
- 0.3%+ 0.7%- 0.3%+ 0.7% + 2.0%+ 0.1%+ 0.3% - 0.2%2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0.4% + 0.6% - 0.9%- 0.4%
Days on Market Until Sale
Days on MarketSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
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 70 -15.7% 62 -31.9%
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% 104 +31.6%
Jan-2014 103 -1.0% 97 +16.9%
Feb-2014 95 -18.1% 60 -51.2%
Mar-2014 90 +7.1% 66 -9.6%
12-Month Avg 81 -17.4% 73 -14.1%
Average number of days between when a property is listed and when an offer is accepted in a given month.
131
98
8473
90
66
March132
124
999295
71
Year to Date
2012 2013 2014
- 9 6%- 25 5%+ 7 1%35 9% 25 8%4 0%25 0% 22 8%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 4 8% + 3 1% 14 5%- 40 6%12 Month Avg 81 17.4% 73 14.1%
Historical Days on Market Until Sale by Month* Days on Market for all properties from April 2013 through March 2014. This is not the average of the individual figures above.
Current as of April 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
- 9.6%- 25.5%+ 7.1%- 35.9% - 25.8%- 4.0%- 25.0% - 22.8%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 4.8% + 3.1% - 14.5%- 40.6%
Housing Affordability Index
Affordability IndexSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
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% 201 -10.3%
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% 204 -4.7%
Dec-2013 136 -13.4% 179 -15.6%
Jan-2014 137 -9.3% 176 -11.1%
Feb-2014 138 -9.2% 183 -20.1%
Mar-2014 136 -6.2% 203 -3.8%
12-Month Avg 135 -10.2% 151 -8.5%
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
222
145
211
136
203
March
2012 2013 2014
3 8%5 0%6 2%0 7%2012 2013 2014
4 6% + 4 2%
151
214
147
211
137
186
Year to Date
11 8%- 1 4%6 8%2 6%+ 4 9% + 8 6%2012 2013 2014 2012 2013 2014 12 Month Avg 135 10.2% 151 8.5%
Historical Housing Affordability Index by Month
Current as of April 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
- 3.8%- 5.0%- 6.2%- 0.7%2012 2013 2014
- 4.6% + 4.2%
Single Family Townhouse-Condo
- 11.8%- 1.4%- 6.8%- 2.6%+ 4.9% + 8.6%2012 2013 2014 2012 2013 2014
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 3-2013 3-2014 Percent Change YTD-2013 YTD-2014 Percent Change
-- --
Sold Listings 319 291 - 8.8% 745 689 - 7.5%
Median Sales Price $242,500 $237,615 - 2.0% $239,950 $237,442 - 1.0%
- 5.2%
Pending Sales 406 102 - 74.9% 186 124 - 33.3%
New Listings 445 403 - 9.4% 1,124 1,066
Under Contract Not enough historical data for chart -- -- -- --
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
-- --
Current as of April 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 -- 3.0 -- --
Active Listings Not enough historical data for chart -- 1,008 -- --
Affordability Index 152 145 - 5.2% 153 145 - 5.2%
Pct. of List Price Received 98.9% 98.6% + 0.1% 98.4% 98.5% + 0.1%
Average Sales Price $265,359 $271,383 + 1.3% $267,235 $270,835
Days on Market 82 85 - 8.2% 98 90 - 8.2%
+ 1.3%
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
3-2011 3-2012 3-2013 3-2014
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 February 17, 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.