january housing report 2016

December 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.

Monthly Indicators

+ 21.3% + 6.9% + 8.4%One-Year Change in

New Listings were down 4.7 percent for single family homes and 38.5 percent for townhouse-condo properties. Pending sales clocked in at 128 for single family homes and 46 for townhouse-condo properties.

The Median Sales Price was up 8.4 percent to $340,900 for single family homes but decreased 5.6 percent to $207,750 for townhouse-condo properties. Days on Market increased 6.9 percent for single family homes but decreased 47.6 percent for condo properties.

Gross Domestic Product increased at an annual rate near 2.0 percent to close 2015, and that rate is expected to increase next year. Residential real estate is considered a healthy piece of the national economy. Contributing factors from within the industry include better lending standards and foreclosures falling back to more traditional levels. Declining unemployment, higher wages and low fuel prices have also conspired to improve personal budgets.

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 January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K.

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 12-2014 12-2015 Percent Change YTD-2014 YTD-2015 Percent Change

-- --

Current as of January 6, 2016. All data from IRES, LLC. Powered by ShowingTime 10K. | 2

-- --

Months Supply 1.6 1.7 + 6.3% --

Active Listings 433 422 - 2.5% --

Affordability Index 111 106 - 4.5% 124 111 - 10.5%

Pct. of List Price Received 98.1% 99.0% + 0.9% 99.1% 100.0% + 0.9%

Avg. Sales Price $345,351 $374,397 + 8.4% $321,776 $359,618

Days on Market 87 93 + 6.9% 82 76 - 7.3%

-- --

Sold Listings 211 256 + 21.3% 3,184 3,067 - 3.7%

Median Sales Price $314,600 $340,900 + 8.4% $281,000 $325,000 + 15.7%

+ 11.8%

+ 1.1%

Pending Sales 162 128 - 21.0% 3,262 3,062 - 6.1%

New Listings 127 121 - 4.7% 3,751 3,791

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

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

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 1.4 1.1 - 21.4% --


Affordability Index 159 174 + 9.4% 189 165 - 12.7%

Pct. of List Price Received 100.2% 99.9% - 0.3% 99.4% 101.4% + 2.0%

Avg. Sales Price $260,513 $225,833 - 13.3% $201,804 $226,943

Days on Market 103 54 - 47.6% 69 68 - 1.4%

-- --

Sold Listings 56 44 - 21.4% 833 821 - 1.4%

Median Sales Price $220,000 $207,750 - 5.6% $185,000 $220,000 + 18.9%

+ 12.5%

- 8.6%

Pending Sales 48 46 - 4.2% 876 829 - 5.4%

New Listings 65 40 - 38.5% 962 879


12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Jan-2015 211 -25.4% 65 +1.6%

Feb-2015 286 +4.8% 71 +22.4%

Mar-2015 314 -5.4% 94 -6.9%

Apr-2015 404 -12.6% 102 +15.9%

May-2015 437 +2.8% 73 -15.1%

Jun-2015 420 -6.0% 89 -11.9%

Jul-2015 411 +11.4% 85 -26.7%

Aug-2015 370 +14.6% 62 -41.5%

Sep-2015 329 +19.6% 75 +17.2%

Oct-2015 304 +13.4% 69 0.0%

Nov-2015 184 +10.2% 54 +22.7%

Dec-2015 121 -4.7% 40 -38.5%

12-Month Avg 316 +1.1% 73 -8.6%

Historical New Listings by Month


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

143

32

127

65

121

40

Single Family Townhouse-Condo

December

0

100

200

300

400

500

600

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


3,984

856

3,751

962

3,791

879


Year to Date

2013 2014 2015

- 38.5%+ 103.1%- 4.7%- 11.2% + 12.4%+ 1.1%- 5.8% - 8.6%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 3.6% + 10.8% + 2.5%+ 23.1%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Jan-2015 184 -18.9% 70 +18.6%

Feb-2015 253 +2.8% 76 +28.8%

Mar-2015 272 -18.1% 96 0.0%

Apr-2015 305 -14.6% 93 +24.0%

May-2015 326 +2.2% 67 -17.3%

Jun-2015 322 -8.5% 81 -11.0%

Jul-2015 307 -0.6% 68 -39.3%

Aug-2015 299 +17.3% 67 -25.6%

Sep-2015 228 -14.6% 59 -6.3%

Oct-2015 241 +3.9% 58 -6.5%

Nov-2015 197 -3.4% 48 +20.0%

Dec-2015 128 -21.0% 46 -4.2%

12-Month Avg 255 -6.1% 69 -5.4%

Historical Pending Sales by Month

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


150

26

162

48

128

46


December

0

100

200

300

400

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


3,178

804

3,262

876

3,062

829


Year to Date

2013 2014 2015

- 4.2%+ 84.6%- 21.0%+ 8.0% + 9.0%- 6.1%+ 2.6% - 5.4%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 9.6% + 9.9% + 12.6%- 21.2%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Jan-2015 179 +22.6% 38 +18.8%

Feb-2015 168 -1.2% 64 +25.5%

Mar-2015 244 +4.7% 83 +36.1%

Apr-2015 276 -2.5% 85 +7.6%

May-2015 268 -25.8% 84 +12.0%

Jun-2015 339 -2.0% 89 +1.1%

Jul-2015 318 -5.6% 87 0.0%

Aug-2015 315 0.0% 72 -26.5%

Sep-2015 293 +8.5% 74 -17.8%

Oct-2015 227 -25.1% 57 -23.0%

Nov-2015 184 -12.0% 44 +4.8%

Dec-2015 256 +21.3% 44 -21.4%

12-Month Avg 256 -3.7% 68 -1.4%

Historical Sold Listings by Month

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


236

61

211

56

256

44


December

0

100

200

300

400

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


3,241

796

3,184

833

3,067

821


Year to Date

2013 2014 2015

- 21.4%- 8.2%+ 21.3%- 10.6% + 4.6%- 3.7%- 1.8% - 1.4%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 34.1% + 15.8% + 13.2%+ 24.5%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


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% $222,103 +38.8%

Apr-2015 $319,750 +14.2% $225,000 +25.0%

May-2015 $324,950 +13.6% $231,295 +32.2%

Jun-2015 $340,000 +23.1% $212,000 +18.1%

Jul-2015 $333,500 +15.0% $209,900 +16.0%

Aug-2015 $320,000 +11.7% $215,050 +22.9%

Sep-2015 $315,000 +9.6% $228,250 +9.2%

Oct-2015 $315,000 +9.8% $200,000 -3.7%

Nov-2015 $319,500 +10.2% $233,000 +11.4%

Dec-2015 $340,900 +8.4% $207,750 -5.6%

12-Month Avg* $325,000 +15.7% $220,000 +18.9%

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


$256,945

$186,250

$314,600

$220,000

$340,900

$207,750


December

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

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


$261,000

$170,000

$281,000

$185,000

$325,000

$220,000


Year to Date

2013 2014 2015

- 5.6%+ 18.1%+ 8.4%+ 22.4% + 8.8%+ 15.7%+ 7.7% + 18.9%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 4.9% + 6.1% + 9.7%+ 9.6%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


Jan-2015 $332,530 +12.4% $215,068 +4.7%

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

Mar-2015 $354,446 +19.4% $227,303 +29.0%

Apr-2015 $358,923 +13.0% $233,751 +21.4%

May-2015 $355,868 +5.6% $232,443 +22.1%

Jun-2015 $383,739 +22.1% $227,558 +20.9%

Jul-2015 $380,345 +15.1% $206,571 +7.5%

Aug-2015 $362,322 +10.1% $211,409 +12.0%

Sep-2015 $347,256 +5.4% $233,155 +8.9%

Oct-2015 $343,538 +5.6% $227,721 -3.1%

Nov-2015 $351,801 +8.4% $243,965 +17.6%

Dec-2015 $374,397 +8.4% $225,833 -13.3%

12-Month Avg* $359,618 +11.8% $226,943 +12.5%

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


$305,645

$201,100

$345,351

$260,513

$374,397

$225,833


December

$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

- 13.3%+ 29.5%+ 8.4%+ 13.0%2013 2014 2015

+ 3.8% + 6.6%

$299,935

$180,332

$321,776

$201,804

$359,618

$226,943


Year to Date

+ 12.5%+ 11.9%2013 2014 2015 2013 2014 2015

+ 11.8%+ 7.3%+ 6.6% + 9.4%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


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

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

Mar-2015 99.9% +1.3% 101.9% +3.0%

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

May-2015 101.2% +1.8% 102.4% +2.5%

Jun-2015 101.1% +1.6% 102.9% +3.5%

Jul-2015 100.4% +0.8% 102.9% +3.4%

Aug-2015 100.1% +1.0% 100.7% +1.5%

Sep-2015 99.8% +0.9% 101.6% +1.9%

Oct-2015 98.8% -0.5% 100.1% +0.6%

Nov-2015 99.3% +0.2% 100.1% +1.3%

Dec-2015 99.0% +0.9% 99.9% -0.3%

12-Month Avg* 99.1% +0.9% 99.4% +2.0%

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


98.5% 99.0%98.1% 100.2%99.0% 99.9%


December

94%

96%

98%

100%

102%

104%

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


98.8% 99.0%99.1% 99.4%100.0% 101.4%


Year to Date

2013 2014 2015

- 0.3%+ 1.2%+ 0.9%- 0.4% + 0.4%+ 0.9%+ 0.3% + 2.0%2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 1.1% + 0.5% + 1.2%+ 1.1%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Jan-2015 95 -7.8% 73 -24.7%

Feb-2015 93 -2.1% 75 +25.0%

Mar-2015 79 -12.2% 72 +9.1%

Apr-2015 76 0.0% 72 +14.3%

May-2015 74 -3.9% 75 +25.0%

Jun-2015 68 -15.0% 66 +17.9%

Jul-2015 64 0.0% 53 +12.8%

Aug-2015 71 -12.3% 58 +23.4%

Sep-2015 66 -13.2% 78 -17.9%

Oct-2015 79 -11.2% 79 -2.5%

Nov-2015 84 -4.5% 59 -33.7%

Dec-2015 93 +6.9% 54 -47.6%

12-Month Avg 76 -6.7% 68 -1.7%

Historical Days on Market Until Sale by Month* Days on Market for all properties from January 2015 through December 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.

99104

87

103

93

54


December

25

50

75

100

125

150

175

200

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


8276

82

69

76

68


Year to Date

2013 2014 2015

- 47.6%- 1.0%+ 6.9%- 12.1% - 9.2%- 7.3%0.0% - 1.4%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 6.6% - 20.4% - 15.6%+ 30.0%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Jan-2015 127 -3.8% 168 -6.1%

Feb-2015 120 -9.8% 146 -21.5%

Mar-2015 112 -14.5% 164 -21.9%

Apr-2015 115 -3.4% 164 -11.4%

May-2015 114 -5.0% 160 -18.4%

Jun-2015 107 -13.7% 171 -10.5%

Jul-2015 107 -9.3% 170 -10.1%

Aug-2015 112 -6.7% 167 -14.8%

Sep-2015 116 -1.7% 159 -2.5%

Oct-2015 115 -5.0% 182 +9.0%

Nov-2015 113 -5.8% 155 -6.6%

Dec-2015 106 -4.5% 174 +9.4%

12-Month Avg 114 -13.3% 122 -4.5%

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.


131

181

111

159

106

174


December

100

125

150

175

200

225

250

275

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


2013 2014 2015

+ 9.4%- 12.2%- 4.5%- 15.3%2013 2014 2015

- 13.8% - 17.4%

129

198

124

189

111

165


Year to Date

- 12.7%- 4.5%- 10.5%- 3.9%- 14.6% - 17.5%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


Jan-2015 431 -27.2% 85 +10.4%

Feb-2015 432 -26.5% 71 +1.4%

Mar-2015 446 -17.6% 68 -1.4%

Apr-2015 476 -20.0% 68 -15.0%

May-2015 550 -16.5% 74 -10.8%

Jun-2015 595 -16.0% 72 -20.0%

Jul-2015 623 -11.6% 82 -5.7%

Aug-2015 626 -12.2% 72 -22.6%

Sep-2015 662 -0.3% 86 -3.4%

Oct-2015 610 -2.4% 88 +2.3%

Nov-2015 529 0.0% 87 -3.3%

Dec-2015 422 -2.5% 76 -23.2%

12-Month Avg* 534 -12.9% 77 -8.3%

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


597

77

433

99

422

76


December

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- 23.2%+ 28.6%- 2.5%- 27.5%

2013 2014 2015- 7.3% - 31.9%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


Jan-2015 1.6 -27.3% 1.2 0.0%

Feb-2015 1.6 -27.3% 1.0 0.0%

Mar-2015 1.7 -15.0% 0.9 -10.0%

Apr-2015 1.8 -21.7% 0.9 -25.0%

May-2015 2.1 -16.0% 1.0 -16.7%

Jun-2015 2.3 -11.5% 1.0 -28.6%

Jul-2015 2.4 -11.1% 1.1 -15.4%

Aug-2015 2.4 -11.1% 1.0 -28.6%

Sep-2015 2.5 0.0% 1.2 -7.7%

Oct-2015 2.4 +4.3% 1.3 +8.3%

Nov-2015 2.1 +5.0% 1.3 0.0%

Dec-2015 1.7 +6.3% 1.1 -21.4%

12-Month Avg* 2.0 -11.2% 1.1 -12.7%

Historical Months Supply of Inventory by Month* Months Supply for all properties from January 2015 through December 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.

2.2

1.2

1.61.4

1.7

1.1


December

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- 21.4%+ 16.7%+ 6.3%- 27.3%

2013 2014 2015- 21.4% - 36.8%

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


-- --


-- --

Months Supply 1.6 1.5 - 3.3% --


Affordability Index 120 111 - 10.9% 134 120 - 10.9%

Pct. of List Price Received 98.5% 99.1% + 1.1% 99.2% 100.3% + 1.1%

Avg. Sales Price $327,557 $352,608 + 11.7% $296,891 $331,602

Days on Market 90 87 - 5.1% 79 75 - 5.1%

-- --

Sold Listings 267 300 + 12.4% 4,017 3,888 - 3.2%

Median Sales Price $291,845 $325,000 + 11.4% $260,000 $302,000 + 16.2%

+ 11.7%

- 0.9%

Pending Sales 210 174 - 17.1% 876 829 - 5.4%

New Listings 192 161 - 16.1% 4,713 4,670


12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

12-2012 12-2013 12-2014 12-2015

Sold Listings

By Price Range 12-2014 12-2015 Change 12-2014 12-2015 Change 11-2015 12-2015 Change 11-2015 12-2015 Change 12-2014 12-2015 Change 12-2014 12-2015 Change$99,999 and Below 28 23 - 17.9% 20 6 - 70.0% 3 2 - 33.3% 0 1 -- 28 23 - 17.9% 20 6 - 70.0%$100,000 to $199,999 262 135 - 48.5% 456 311 - 31.8% 7 8 + 14.3% 13 18 + 38.5% 262 135 - 48.5% 456 311 - 31.8%$200,000 to $299,999 1,530 1,038 - 32.2% 302 370 + 22.5% 64 72 + 12.5% 21 18 - 14.3% 1,530 1,038 - 32.2% 302 370 + 22.5%$300,000 to $399,999 784 1,042 + 32.9% 41 124 + 202.4% 61 93 + 52.5% 10 7 - 30.0% 784 1,042 + 32.9% 41 124 + 202.4%$400,000 to $499,999 289 451 + 56.1% 6 7 + 16.7% 27 49 + 81.5% 0 0 -- 289 451 + 56.1% 6 7 + 16.7%$500,000 to $699,999 198 269 + 35.9% 6 2 - 66.7% 17 20 + 17.6% 0 0 -- 198 269 + 35.9% 6 2 - 66.7%$700,000 to $999,999 74 88 + 18.9% 1 1 0.0% 5 11 + 120.0% 0 0 -- 74 88 + 18.9% 1 1 0.0%$1,000,000 to $1,999,999 18 19 + 5.6% 0 0 -- 0 1 -- 0 0 -- 18 19 + 5.6% 0 0 --$2,000,000 and Above 1 2 + 100.0% 1 0 - 100.0% 0 0 -- 0 0 -- 1 2 + 100.0% 1 0 - 100.0%All Price Ranges 3,184 3,067 - 3.7% 833 821 - 1.4% 184 256 + 39.1% 44 44 0.0% 3,184 3,067 - 3.7% 833 821 - 1.4%

Inventory of Active Listings

By Price Range 12-2014 12-2015 Change 12-2014 12-2015 Change 11-2015 12-2015 Change 11-2015 12-2015 Change$99,999 and Below 8 4 - 50.0% 0 0 -- 5 4 - 20.0% 0 0 --$100,000 to $199,999 38 29 - 23.7% 13 2 - 84.6% 32 29 - 9.4% 8 2 - 75.0%$200,000 to $299,999 65 48 - 26.2% 34 26 - 23.5% 61 48 - 21.3% 29 26 - 10.3%$300,000 to $399,999 116 109 - 6.0% 48 21 - 56.3% 146 109 - 25.3% 27 21 - 22.2%$400,000 to $499,999 75 67 - 10.7% 2 8 + 300.0% 96 67 - 30.2% 7 8 + 14.3%$500,000 to $699,999 76 111 + 46.1% 0 2 -- 126 111 - 11.9% 2 2 0.0%$700,000 to $999,999 44 38 - 13.6% 1 14 + 1,300.0% 47 38 - 19.1% 11 14 + 27.3%$1,000,000 to $1,999,999 10 13 + 30.0% 1 3 + 200.0% 14 13 - 7.1% 3 3 0.0%$2,000,000 and Above 1 3 + 200.0% 0 0 -- 2 3 + 50.0% 0 0 --All Price Ranges 433 422 - 2.5% 99 76 - 23.2% 529 422 - 20.2% 87 76 - 12.6%

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

3,184

833

4,0173,067

821

3,888

Singe Family Townhouse-Condo All Properties

By Property Type 12-2014 12-2015

43399

53242276

498

Singe Family Townhouse-Condo All Properties

By Property Type 12-2014 12-2015

48718

1,832

825295 204 75 18 229

446

1,408 1,166458 271 89 19 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 12-2014 12-2015

0.0%

851

99164

77 7645

11 14 3174

13075

11352

16 3

< $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 12-2014 12-2015

- 39.6% - 37.9% - 23.1% + 41.3% + 5.6%+ 55.3% + 32.8% + 18.7% - 3.7% - 1.4% - 3.2%

+ 200.0%- 50.0% - 39.2% - 25.3% - 20.7% + 45.5%+ 48.7% + 15.6% - 2.5% - 23.2% - 6.4%- 2.6%

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 measure of how long it takes homes to sell, on average.

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.

january housing report 2016

Documents