HOW'STHEMARKET?FIRST QUARTER 2015 NEST REPORT
Town of Blacksburg Town of Christiansburg Montgomery County Floyd County Giles County Radford City Pulaski County
NEW RIVER VALLEY MSA MARKET ANALYSIS First Quarter 2015
Market Snapshot
3% $158,000TOTAL SALESThere were 308 total sales this pastquarter compared to 300 totalsales in Q1 2014. This translates toa 3% year-over-year increase.
MEDIAN SALES PRICEThe median sales price this pastquarter was $158,000 compared to$138,500 in Q1 2014.
TOTAL INVENTORYAt the end of this past quarter, to-tal inventory levels were down 8%compared to the end of Q1 2014.
'10
Q1
'10
Q2
'10
Q3
'10
Q4
'11
Q1
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Q2
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Q3
'11
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'12
Q1
'12
Q2
'12
Q3
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Q1
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Q2
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'14
Q1
'14
Q2
'14
Q3
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Q4
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Q1
0
100
200
300
400
500
600 527
427477
450
300 308
468428
250
449
236
311271251
313262
412
335305
465
335
Five Year Sales Trend (Total Sales)
131DAYS ON MARKETHomes sold this past quarter spentan average of 131 days on marketbefore being sold.
14%CONTRACTS WRITTENThere were 470 contracts writtenthis past quarter compared to 411in Q1 2014. This translates to a14% year-over-year increase.
MONTHS OF INVENTORYAt the end of this past quarter,there were 9 months of inventoryavailable.
03/2014 04/2014 05/2014 06/2014 07/2014 08/2014 09/2014 10/2014 11/2014 12/2014 01/2015 02/2015 03/2015120K
140K
160K
180K
200K
220K
153,488
187,035
187,694 186,141183,231192,506180,672
211,285
179,290
197,607
206,345
199,140
168,625
186,000
159,950164,625
185,000
159,000
158,900
158,000
167,000
155,000
144,001
172,600
150,550 148,450
Average & Median Price Trends
AVG. SALES PRICE MEDIAN SALES PRICE
03/2014 04/2014 05/2014 06/2014 07/2014 08/2014 09/2014 10/2014 11/2014 12/2014 01/2015 02/2015 03/2015
158,900
186,141
148,450
179,290
172,600
197,607
164,625
199,140
158,000
187,035
159,950
183,231
155,000
168,625
159,000
187,694
185,000
206,345
186,000
211,285
167,000
192,506
150,550
180,672
144,001
153,488Average Median
-8%
9
NEW RIVER VALLEY MSA MARKET ANALYSIS First Quarter 2015
Quarterly Performance & Yearly Growth
TOTALSALES
AVG. LISTPRICE
AVG. SALESPRICE
MEDIANSALES PRICE
AVG.$/SQ.FT.
AVG. DAYSON MARKET
2015 Q1 12997159,900192,525201,465271
% Change 0.89%11.08%17.57%22.35%22.13%8.40%
2014 Q1 12887136,000157,360164,964250
% Change 3.55%-6.99%-9.33%-8.63%-8.99%12.11%
2013 Q1 12394150,000172,225181,249223
CONTRACTSWRITTEN
40319.23%
338-1.74%
344SIN
GLE
FAM
ILY
ATTA
CHED
TOTALSALES
AVG. LISTPRICE
AVG. SALESPRICE
MEDIANSALES PRICE
AVG.$/SQ.FT.
AVG. DAYSON MARKET
2015 Q1 156104161,950176,288182,72124
% Change 53.11%2.47%1.06%4.00%4.47%-25.00%
2014 Q1 102102160,250169,513174,90932
% Change 4.79%-6.93%-4.33%-6.69%-7.16%3.23%
2013 Q1 97109167,500181,668188,40231
CONTRACTSWRITTEN
52
15.56%
45
2.27%
44
TOTALSALES
AVG. LISTPRICE
AVG. SALESPRICE
MEDIANSALES PRICE
AVG.$/SQ.FT.
AVG. DAYSON MARKET
2015 Q1 119118108,000116,408122,21513
% Change 70.66%-13.27%-1.82%-12.51%-12.33%-27.78%
2014 Q1 70136110,000133,056139,41118
% Change -72.11%3.42%1.85%5.91%3.40%125.00%
2013 Q1 251131108,000125,625134,8258
CON
DO
CONTRACTSWRITTEN
15
-46.43%
28
-20.00%
35
2013 2014 2015
250 271223
182431
13
32
8
Year-to-Date Sales by Property Type
Single Family Attached Condo
NEW RIVER VALLEY MSA MARKET ANALYSIS First Quarter 2015
March 2014
InventoryMonths ofInventory
February 2015
InventoryMonths ofInventory
March 2015
InventoryMonths ofInventory
AttachedCondoSingle FamilyGrand Total 25.87
9.77.758.42
1,2981,135
62101
23.2915.29
8
1,1751,055
3288
30.329.244.25
16.83
1,1881,053
34101
Inventory Levels & Months of Inventory
January February March April May June July August September October November December1000
1200
1400
1600
1
1
1
1
1
1
1
1
11
1 1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1 1
1
1
1
1
1
1 1
1
Four Year Inventory History
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2011 Inventory
New Listings2012 Inventory
New Listings2013 Inventory
New Listings2014 Inventory
New Listings2015 Inventory
New Listings
1381,318
1741,415
2031,507
1921,620
2771,693
2541,680
3031,745
3701,708
3851,611
3851,478
2871,354
2211,318
1451,175
1551,255
2021,297
1821,355
2191,397
2311,424
2401,472
2941,427
3621,388
3281,297
2721,233
2451,205
1221,246
1601,348
1911,408
2611,445
2661,457
2581,467
3101,447
3321,372
3651,319
3581,251
2541,185
2381,120
1661,240
1611,323
2231,410
2201,425
2471,491
2621,502
3041,492
3571,496
3621,423
3391,297
2431,212
2641,159
3641,188
2201,175
2101,166
3 KEY TAKEAWAYS 1. Single family sales have made a resurgence, as pent-up buyer demand has flooded back to the market. Quarterly data shows double-digit growth in every metric except days on market. 2. With total sales decreasing year-over-year and median sales prices still greater than single-family,the townhouse market might still have a ways to go to recovery. 3. While days on market is still a little higher than other pockets of the market, the consistency overallindicates relative stability across all product types.
n/a
9.2814.699.47
2012 2013 2014 2015
TOWN OF BLACKSBURG MARKET ANALYSIS First Quarter 2015
Market Snapshot
12% $229,000
118 12%
TOTAL SALESThere were 48 total sales this pastquarter compared to 43 total salesin Q1 2014. This translates to a 12 % year-over-year increase.
MEDIAN SALES PRICEThe median sales price this pastquarter was $229,000 comparedto $184,000 in Q1 2014.
TOTAL INVENTORYAt the end of this past quarter, total inventory levels were down16% compared to the end of Q1 2014.
DAYS ON MARKETHomes sold this past quarterspent an average of 118 days onmarket before being sold.
CONTRACTS WRITTENThere were 85 contracts writtenthis past quarter compared to 76 inQ1 2014. This translates to a 12%year-over-year increase.
MONTHS OF INVENTORYAt the end of this past quarter,there were 6 months of inventory available.
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0
20
40
60
80
100
120
140121
103
474747
87
4850
90 90 88
34
54
7464
43
6352
82
52
35
Five Year Sales Trend (Total Sales)
0% 25% 50% 75% 100%
2015Q1
2014Q4
2014Q3
2014Q2
2014Q1
33%
53%
37%
34%
44%
40%
13%
28%
38%
10%
15%
17%
16%
12%
28%
29%
2%
5%
5%
4%
8%
2%
2%
6%
6%
2%
6%
2%
2%
Sales by Price Range
0-99,999 100K-199,999 200K-299,999 300K-399,999 400K-499,999 500K+
-16%
6
TOWN OF BLACKSBURG MARKET ANALYSIS First Quarter 2015
Quarterly Performance & Yearly Growth
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 88132265,360295,569307,32127
% Change 48.27%-1.34%-8.87%-0.87%1.31%50.00%
2014 Q1 60134291,200298,166303,35518
% Change -39.13%1.42%23.91%9.06%5.93%-41.94%
2013 Q1 98132235,000273,386286,37431
CONTRACTSWRITTEN
5124.39%
41-31.67%
60
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 211115170,000169,878176,2339
% Change 173.96%-2.61%4.04%-4.65%-3.77%-10.00%
2014 Q1 77118163,400178,155183,13010
% Change -31.81%1.83%-9.72%-9.10%-9.84%-37.50%
2013 Q1 113116181,000195,994203,12216
CONTRACTSWRITTEN
21
75.00%
12
-33.33%
18
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 113120112,450117,783123,82512
% Change 100.18%-11.10%2.23%-8.70%-8.14%-20.00%
2014 Q1 57135110,000129,000134,80015
% Change -70.53%7.78%10.00%26.29%25.20%114.29%
2013 Q1 192125100,000102,143107,6717
CONTRACTSWRITTEN
13
-43.48%
23
-32.35%
34
2013 2014 2015
27
18
10
16 31
12
15
7
9
Year-to-Date Sales by Property Type
Single Family Attached Condo
SIN
GLE
FAM
ILY
ATTA
CHED
CON
DO
TOWN OF BLACKSBURG MARKET ANALYSIS First Quarter 2015
3 KEY TAKEAWAYS 1. As median price increases in Blacksburg have stalled, sales of single family homes have coincidingly increased. 2. Activity has increased across much of the market, as evidenced by a 12% rise in Contracts written,indicating that buyers are moving back into the market. 3. Six months of inventory is generally considered a "balanced" market. Given the 5.68 months of inventory currently available, it's looking as if the market is trending slightly in favor of sellers.
March 2014
Total Inventory Months OfInventory
February 2015
Total Inventory Months OfInventory
March 2015
Total Inventory Months OfInventory
DetachedAttachedCondoAll 28.9
9.013.06.9
169543976
23.0
7.016.0
122233564
23.03.014.75.3
142244474
Inventory Levels & Months of Inventory
January February March April May June July August September October November December100
120
140
160
180
200
220
Four Year Inventory History
2012 2013 2014 2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2011 Inventory
New Listings2012 Inventory
New Listings2013 Inventory
New Listings2014 Inventory
New Listings2015 Inventory
New Listings
11122
19137
23136
19150
26157
26166
31183
46202
59201
56173
37156
39143
28145
21134
27138
12145
26149
31155
33158
29152
50161
67127
43120
36112
19123
14130
21145
62149
31130
28131
31142
30149
49159
71179
48158
39135
22119
10130
28138
34138
23141
33146
37148
45181
44176
58169
48143
39115
78142
40122
34117
8.45 13.56 5.68
TOWN OF CHRISTIANSBURG MARKET ANALYSIS First Quarter 2015
Market Snapshot
TOTAL SALESThere were 58 total sales this pastquarter compared to 64 total salesin Q1 2014. This translates to a 9%year-over-year decrease.
MEDIAN SALES PRICEThe median sales price this pastquarter was $167,500 compared to$165,000 in Q1 2014.
-9% $167,500 -14%TOTAL INVENTORYAt the end of this past quarter, to-tal inventory levels were down 14%compared to the end of Q1 2014.
108DAYS ON MARKETHomes sold this past quarter spentan average of 108 days on marketbefore being sold.
CONTRACTS WRITTENThere were 100 contracts writtenthis past quarter compared to 81 inQ1 2014. This translates to a 23%year-over-year increase.
MONTHS OF INVENTORYAt the end of this past quarter,there were 5 months of inventory available.
23% 5
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0
25
50
75
100
125
150
112
474737
6878
4858
9079
64
4454
9193 92
55 55
85
45
75
Five Year Sales Trend (Total Sales)
0% 25% 50% 75% 100%
2015Q1
2014Q4
2014Q3
2014Q2
2014Q1
25%10%
10%
64%
60%
54%
69%
66%
20%
22%
22%
11%
26%
3%
4%
9%
3%
1%
1%
1%4%
2%
8%
2%
Sales by Price Range
0-99,999 100K-199,999 200K-299,999 300K-399,999 400K-499,999 500K+
TOWN OF CHRISTIANSBURG MARKET ANALYSIS First Quarter 2015
Quarterly Performance & Yearly Growth
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 10491175,000177,690181,01049
% Change -3.76%-9.92%2.49%-2.90%-4.33%6.52%
2014 Q1 108101170,750182,991189,20046
% Change 65.22%4.78%5.24%10.46%9.59%43.75%
2013 Q1 6597162,250165,664172,64232
CONTRACTSWRITTEN
7844.44%
54-3.57%
56
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 13295150,000148,011152,6119
% Change -0.81%3.13%0.74%-3.22%-2.59%-47.06%
2014 Q1 13492148,900152,933156,66517
% Change 70.40%-8.28%9.08%3.41%2.38%54.55%
2013 Q1 78101136,500147,891153,02711
CONTRACTSWRITTEN
21
-12.50%
24
50.00%
16
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2014 Q4 35148267,000264,667272,4673
% Change
2014 Q1 115169182,000182,000199,9001
% Change -82.71%-3.20%-37.24%-37.24%-38.47%0.00%
2013 Q1 665174290,000290,000324,9001
CONTRACTSWRITTEN
1
-66.67%
3
200.00%
1
2013 2014 2015
17
49
46
11
32
91 1
Year-to-Date Sales by Property Type
Single Family Attached Condo
SIN
GLE
FAM
ILY
ATTA
CHED
CON
DO
2015 Q1 0 0 0 0 0 0 n/a n/a n/a n/a n/a n/a
TOWN OF CHRISTIANSBURG MARKET ANALYSIS First Quarter 2015
March 2014
InventoryMonths ofInventory
February 2015
InventoryMonths ofInventory
March 2015
InventoryMonths ofInventory
Detached
Attached
Condo
All 13.22
7.17
6.05
178
2
43
133
19.31
11.67
7.64
146
4
35
107
16.52
12
4.52
153
4
36
113
Year-to-Date Sales by Property Type
January February March April May June July August September October November December0
50
100
150
200
Four Year Inventory History
2012 2013 2014 2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2011 Inventory
New Listings2012 Inventory
New Listings2013 Inventory
New Listings2014 Inventory
New Listings2015 Inventory
New Listings
15151
24161
34173
31193
33202
40212
42227
50243
55228
61215
46204
50185
24117
26130
26140
33142
28139
27155
22173
52179
69161
40153
47152
30134
19155
27174
33181
39180
55183
42185
54184
57165
75155
47132
44126
46111
30154
24158
44183
42190
43199
30213
46218
53219
71207
58178
38167
54155
62153
41146
29151
3 KEY TAKEAWAYS 1. 6 out of 10 sales in Christiansburg are priced between $100,000-$200,000, making it the overwhelming sweet spot of the Christiansburg market. 2. A bump in new inventory in March is reminiscent of years past, indicating we're entering Q2 squarely in the spring market. 3. Attached homes are a large segment of the market in Christiansburg. No month-over-month sta-tistical change in this sector's inventory suggests this segment is oversaturated.
6.36 8.59 5.46
n/a n/a n/a
MONTGOMERY COUNTY MARKET ANALYSIS First Quarter 2015
TOTAL SALESThere were 45 total sales this pastquarter compared to 43 total salesin Q1 2014. This translates to a 5%year-over-year increase.
5% $265,000 -8%
106 29% 8
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0
20
40
60
80
100
120109
47
67
47
68
5964
34
64
46
81
61
23
43 43 43
52
22
45
35
65
Five Year Sales Trend (Total Sales)
MEDIAN SALES PRICEThe median sales price this pastquarter was $265,000 comparedto $155,000 in Q1 2014.
Quarterly Performance & Yearly Growth
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 106111265,000271,133279,41145
% Change -11.62%19.27%70.97%48.90%47.21%4.65%
2014 Q1 12093155,000182,085189,79943
% Change -0.31%-8.39%-19.69%-22.13%-22.17%0.00%
2013 Q1 120101193,000233,820243,85943
CONTRACTSWRITTEN
7129.09%
55-33.73%
83
TOTAL INVENTORYAt the end of this past quarter, to-tal inventory levels were down 8%compared to the end of Q1 2014.
DAYS ON MARKETHomes sold this past quarter spentan average of 106 days on marketbefore being sold.
CONTRACTS WRITTENThere were 71 contracts writtenthis past quarter compared to 55 inQ1 2014. This translates to a 29%year-over-year increase.
MONTHS OF INVENTORYAt the end of this past quarter,there were 8 months of inventory available.
Market Snapshot
FLOYD COUNTY MARKET ANALYSIS First Quarter 2015
TOTAL SALESThere were 800 total sales thispast quarter compared to 465 total sales in Q1 2014. This tran..
MEDIAN SALES PRICEThe median sales price in theWilmington MSA this past quarterwas $220,000 compared to $21..
Quarterly Performance & Yearly Growth
'10
Q1
'10
Q2
'10
Q3
'10
Q4
'11
Q1
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Q2
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Q3
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0
10
20
30
40
17 17
20
10
20 20
14
2424
14
26
21
111113
2323 22
2525
9
Five Year Sales Trend (Total Sales)
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 20792142,975173,161190,92914
% Change 46.91%15.10%19.20%27.38%31.42%-30.00%
2014 Q1 14180119,950135,935145,28020
% Change -32.79%-15.10%-2.08%1.89%3.44%42.86%
2013 Q1 21094122,500133,410140,45014
CONTRACTSWRITTEN
17-45.16%
3193.75%
16
TOTAL INVENTORYAt the end of this past quarter, total inventory levels were up___% compared to the end of Q1..
DAYS ON MARKETHomes sold this past quarterspent an average of 122 days onmarket before being sold.
CONTRACTS WRITTENThere were ___ contracts writtenthis past quarter compared to ___in Q1 2014. This translates to a ..
MONTHS OF INVENTORYAt the end of this past quarter,there were ___ months of inven-tory available.
-30% $142,975 -5%
207 -45% 16
Market Snapshot
GILES COUNTY MARKET ANALYSIS First Quarter 2015
Market Snapshot
10% $105,000
141 10%
5%
12
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Q3
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Q4
'11
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Q1
0
10
20
30
40
50
17
40
2828
20
30
1919
2426
16
41
21
31 3133
23
42
22 22
35
Five Year Sales Trend (Total Sales)
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 14178105,000123,120137,46422
Quarterly Performance & Yearly Growth
% Change 20.78%10.97%-5.19%0.57%6.17%10.00%
2014 Q1 11771110,750122,420129,48020
% Change 0.16%-16.89%-19.75%-17.25%-17.49%5.26%
2013 Q1 11685138,000147,942156,92119
CONTRACTSWRITTEN
3210.34%
29-6.45%
31
TOTAL SALESThere were 22 total sales this pastquarter compared to 20 total salesin Q1 2014. This translates to a10% year-over-year increase.
MEDIAN SALES PRICEThe median sales price this pastquarter was $105,000 compared to$110,750 in Q1 2014.
DAYS ON MARKETHomes sold this past quarter spentan average of 141 days on marketbefore being sold.
TOTAL INVENTORYAt the end of this past quarter, to-tal inventory levels were up 5% compared to the end of Q1 2014.
CONTRACTS WRITTENThere were 32 contracts writtenthis past quarter compared to 29 inQ1 2014. This translates to a 10%year-over-year increase.
MONTHS OF INVENTORYAt the end of this past quarter,there were 12 months of inventory available.
RADFORD CITY MARKET ANALYSIS First Quarter 2015
TOTAL SALESThere were 16 total sales this pastquarter compared to 18 total salesin Q1 2014. This translates to a11% year-over-year decrease.
MEDIAN SALES PRICEThe median sales price this pastquarter was $137,950 comparedto $118,200 in Q1 2014.
Quarterly Performance & Yearly Growth
'10
Q1
'10
Q2
'10
Q3
'10
Q4
'11
Q1
'11
Q2
'11
Q3
'11
Q4
'12
Q1
'12
Q2
'12
Q3
'12
Q4
'13
Q1
'13
Q2
'13
Q3
'13
Q4
'14
Q1
'14
Q2
'14
Q3
'14
Q4
'15
Q1
0
10
20
30
40
50
27 27
18 1820 20
28
39
19
34
1616
11
41
21
31
13
3335 35
15
Five Year Sales Trend (Total Sales)
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 12581137,950129,769137,97816
% Change 2.95%-1.26%16.71%-1.27%1.60%-11.11%
2014 Q1 12282118,200131,444135,80318
% Change -3.40%13.10%-5.44%4.37%2.72%20.00%
2013 Q1 12672125,000125,940132,20715
CONTRACTSWRITTEN
2821.74%
234.55%
22
TOTAL INVENTORYAt the end of this past quarter, total inventory levels were down2% compared to the end of Q1 2014.
CONTRACTS WRITTENThere were 28 contracts writtenthis past quarter compared to 23in Q1 2014. This translates to a22% year-over-year increase.
DAYS ON MARKETHomes sold this past quarterspent an average of 125 days onmarket before being sold.
MONTHS OF INVENTORYAt the end of this past quarter,there were 12 months of inventory available.
-11% $137,950 -2%
125 22% 12
Market Snapshot
PULASKI COUNTY MARKET ANALYSIS First Quarter 2015
17%Market Snapshot
$118,500
126 22%
-7%
8
'10
Q1
'10
Q2
'10
Q3
'10
Q4
'11
Q1
'11
Q2
'11
Q3
'11
Q4
'12
Q1
'12
Q2
'12
Q3
'12
Q4
'13
Q1
'13
Q2
'13
Q3
'13
Q4
'14
Q1
'14
Q2
'14
Q3
'14
Q4
'15
Q1
0
20
40
60
80
100
47
68
80
48 495454 5454
41
71
61
71
41
31
53
33
52 5252 55
Five Year Sales Trend (Total Sales)
Quarterly Performance & Yearly Growth
TOTAL SALESAVG. LIST
PRICEAVG. SALES
PRICEMEDIAN
SALES PRICE AVG. $/SQ.FT.AVG. DAYS
ON MARKET2015 Q1 12677118,500134,481139,96161
% Change -4.87%8.52%6.28%17.34%16.05%17.31%
2014 Q1 13271111,500114,609120,60552
% Change 16.83%-6.21%6.19%-1.71%-1.21%26.83%
2013 Q1 11375105,000116,606122,08541
CONTRACTSWRITTEN
83
68
22.06%
54.55%44
TOTAL SALESThere were 61 total sales thispast quarter compared to 52 totalsales in Q1 2014. This translatesto a 17% year-over-year increase.
MEDIAN SALES PRICEThe median sales price this pastquarter was $118,500 comparedto $111,500 in Q1 2014.
TOTAL INVENTORYAt the end of this past quarter, total inventory levels were down7% compared to the end of Q1 2014.
DAYS ON MARKETHomes sold this past quarterspent an average of 126 days onmarket before being sold.
CONTRACTS WRITTENThere were 83 contracts writtenthis past quarter compared to 68 inQ1 2014. This translates to a 22%year-over-year increase.
MONTHS OF INVENTORYAt the end of this past quarter,there were 8 months of inventory available.