october 2015 housing report

September 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.Current as of October 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

Monthly Indicators

- 4.4% - 13.2% + 9.9%One-Year Change in

New Listings were up 18.5 percent for single family homes and 12.5 percent for townhouse-condo properties. Pending sales clocked in at 241 for single family homes and 63 for townhouse-condo properties.

The Median Sales Price was up 9.9 percent to $315,750 for single family homes and 5.3 percent to $220,000 for townhouse-condo properties. Days on Market decreased 13.2 percent for single family homes and 22.1 percent for condo properties.

With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, did not happen. It most likely will before year's end. Until then, get out and enjoy the season.

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

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 9-2014 9-2015 Percent Change YTD-2014 YTD-2015 Percent Change

- 0.6%

Pending Sales 267 241 - 9.7% 2,664 2,517 - 5.5%

New Listings 275 326 + 18.5% 3,189 3,169

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

Sold Listings 270 258 - 4.4% 2,461 2,359 - 4.1%

Median Sales Price $287,353 $315,750 + 9.9% $277,000 $325,000 + 17.3%

+ 13.1%

Pct. of List Price Received 98.9% 99.7% + 0.8% 99.2% 100.3% + 1.1%

Avg. Sales Price $329,402 $351,090 + 6.6% $319,095 $361,003

Days on Market 76 66 - 13.2% 80 74 - 7.5%

Affordability Index 118 115 - 2.5% 123 112 - 8.9%

-- --

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

-- --

Months Supply 2.5 2.4 - 4.0% --

Active Listings 664 612 - 7.8% --

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

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


- 9.3%

Pending Sales 63 63 0.0% 726 677 - 6.7%

New Listings 64 72 + 12.5% 784 711


Sold Listings 90 63 - 30.0% 661 664 + 0.5%


+ 16.7%


Avg. Sales Price $214,168 $226,450 + 5.7% $192,746 $224,933

Days on Market 95 74 - 22.1% 64 68 + 6.3%

Affordability Index 163 165 + 1.2% 189 165 - 12.7%

-- --


-- --

Months Supply 1.3 1.1 - 15.4% --


9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Oct-2014 268 +5.5% 69 +50.0%

Nov-2014 167 -16.1% 44 -2.2%

Dec-2014 127 -11.2% 65 +103.1%

Jan-2015 210 -25.8% 65 +1.6%

Feb-2015 284 +4.0% 71 +22.4%

Mar-2015 315 -5.1% 94 -6.9%

Apr-2015 401 -13.2% 101 +14.8%

May-2015 434 +2.1% 73 -15.1%

Jun-2015 413 -7.6% 88 -12.9%

Jul-2015 404 +9.5% 81 -30.2%

Aug-2015 365 +13.0% 62 -41.5%

Sep-2015 326 +18.5% 72 +12.5%

12-Month Avg 311 -1.4% 74 -2.0%

Historical New Listings by Month


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

300

61

275

64

326

72

Single Family Townhouse-Condo

September

0

100

200

300

400

500

600

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


3,388

733

3,189

784

3,169

711


Year to Date

2013 2014 2015

+ 12.5%+ 4.9%+ 18.5%- 8.3% + 7.0%- 0.6%- 5.9% - 9.3%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 22.4% + 12.9% + 5.6%+ 5.2%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Oct-2014 232 +1.8% 62 -4.6%

Nov-2014 205 +3.0% 40 -16.7%

Dec-2014 163 +8.7% 48 +84.6%

Jan-2015 183 -19.4% 70 +18.6%

Feb-2015 256 +4.1% 76 +28.8%

Mar-2015 272 -18.1% 97 +1.0%

Apr-2015 301 -15.7% 93 +24.0%

May-2015 327 +2.5% 67 -17.3%

Jun-2015 319 -9.4% 81 -11.0%

Jul-2015 320 +3.6% 65 -42.0%

Aug-2015 315 +23.5% 70 -22.2%

Sep-2015 241 -9.7% 63 0.0%

12-Month Avg 260 -3.9% 69 -4.4%

Historical Pending Sales by Month


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

217

53

267

63

241

63


September

0

100

200

300

400

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


2,601

665

2,664

726

2,517

677


Year to Date

2013 2014 2015

0.0%+ 18.9%- 9.7%+ 23.0% + 9.2%- 5.5%+ 2.4% - 6.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 1.4% + 11.9% + 13.7%+ 3.9%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Oct-2014 303 +16.5% 74 +60.9%

Nov-2014 209 +2.5% 42 -22.2%

Dec-2014 210 -11.0% 56 -8.2%

Jan-2015 179 +22.6% 38 +18.8%

Feb-2015 168 -1.2% 64 +25.5%

Mar-2015 243 +4.3% 83 +36.1%

Apr-2015 275 -2.8% 85 +7.6%

May-2015 268 -25.8% 82 +9.3%

Jun-2015 339 -2.0% 89 +1.1%

Jul-2015 313 -7.1% 86 -1.1%

Aug-2015 306 -2.9% 70 -28.6%

Sep-2015 258 -4.4% 63 -30.0%

12-Month Avg 257 -2.5% 70 +1.7%

Historical Sold Listings by Month


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

245

81

270

90

258

63


September

0

100

200

300

400

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


2,541

635

2,461

661

2,359

664


Year to Date

2013 2014 2015

- 30.0%+ 11.1%- 4.4%+ 10.2% + 4.1%- 4.1%- 3.1% + 0.5%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 1.6% + 16.3% + 14.4%+ 39.7%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Oct-2014 $286,943 +12.5% $207,750 +30.7%

Nov-2014 $290,000 +11.8% $209,250 +24.9%

Dec-2014 $314,550 +22.4% $220,000 +18.1%

Jan-2015 $289,733 +16.3% $220,000 +19.2%

Feb-2015 $308,500 +23.0% $253,108 +40.9%

Mar-2015 $328,000 +28.1% $222,103 +38.8%

Apr-2015 $319,500 +14.1% $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 $335,000 +15.5% $209,950 +16.0%

Aug-2015 $320,000 +11.7% $213,500 +22.0%

Sep-2015 $315,750 +9.9% $220,000 +5.3%

12-Month Avg* $319,236 +17.2% $220,000 +22.3%

Historical Median Sales Price by Month* Median Sales Price for all properties from October 2014 through September 2015. This is not the average of the individual figures above.


Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$260,000

$195,000

$287,353

$209,010

$315,750

$220,000


September

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

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


$262,750

$169,000

$277,000

$180,000

$325,000

$220,000


Year to Date

2013 2014 2015

+ 5.3%+ 7.2%+ 9.9%+ 10.5% + 6.5%+ 17.3%+ 5.4% + 22.2%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 4.4% + 7.1% + 11.2%+ 32.2%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


Oct-2014 $325,249 +7.5% $235,057 +42.3%

Nov-2014 $324,515 +6.0% $207,503 +11.7%

Dec-2014 $344,997 +12.9% $260,513 +29.5%

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

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

Mar-2015 $354,826 +19.5% $227,303 +29.0%

Apr-2015 $358,129 +12.7% $233,751 +21.4%

May-2015 $355,868 +5.6% $231,784 +21.8%

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

Jul-2015 $381,258 +15.3% $207,036 +7.8%

Aug-2015 $357,908 +8.8% $210,792 +11.7%

Sep-2015 $351,090 +6.6% $226,450 +5.7%

12-Month Avg* $353,930 +12.0% $227,337 +18.8%

Historical Average Sales Price by Month* Avg. Sales Price for all properties from October 2014 through September 2015. This is not the average of the individual figures above.


Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$305,424

$203,761

$329,402

$214,168

$351,090

$226,450


September

$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

+ 5.7%+ 5.1%+ 6.6%+ 7.9%2013 2014 2015

+ 6.0% + 28.8%

$298,659

$178,973

$319,095

$192,746

$361,003

$224,933


Year to Date

+ 16.7%+ 7.7%2013 2014 2015 2013 2014 2015

+ 13.1%+ 6.8%+ 6.4% + 11.8%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


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% 100.2% +1.2%

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 100.7% +1.2% 101.1% +1.1%

May-2015 101.2% +1.8% 102.3% +2.4%

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

Jul-2015 100.5% +0.9% 102.9% +3.4%

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

Sep-2015 99.7% +0.8% 101.4% +1.7%

12-Month Avg* 99.0% +0.9% 99.2% +2.1%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from October 2014 through September 2015. This is not the average of the individual figures above.


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.

99.0% 99.6%98.9% 99.7%99.7% 101.4%


September

94%

96%

98%

100%

102%

104%

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


98.9% 99.1%99.2% 99.4%100.3% 101.7%


Year to Date

2013 2014 2015

+ 1.7%+ 0.1%+ 0.8%- 0.1% + 0.3%+ 1.1%+ 0.3% + 2.3%2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 0.8% + 0.5% + 1.3%+ 1.3%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Oct-2014 89 +12.7% 81 +47.3%

Nov-2014 88 +3.5% 89 +25.4%

Dec-2014 87 -12.1% 103 -1.0%

Jan-2015 95 -7.8% 73 -24.7%

Feb-2015 93 -2.1% 75 +25.0%

Mar-2015 79 -12.2% 71 +7.6%

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 62 -3.1% 54 +14.9%

Aug-2015 70 -13.6% 58 +23.4%

Sep-2015 66 -13.2% 74 -22.1%

12-Month Avg 77 -5.3% 72 +8.8%

Historical Days on Market Until Sale by Month

Average number of days between when a property is listed and when an offer is accepted in a given month.

* Days on Market for all properties from October 2014 through September 2015. This is not the average of the individual figures above.


68

92

76

95

6674


September

25

50

75

100

125

150

175

200

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


8075

80

64

7468


Year to Date

2013 2014 2015

- 22.1%+ 3.3%- 13.2%+ 11.8% - 14.7%- 7.5%0.0% + 6.3%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 27.7% - 21.6% - 17.6%+ 3.4%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


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 127 -3.8% 168 -6.1%

Feb-2015 120 -9.8% 146 -21.5%

Mar-2015 111 -15.3% 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% 169 -13.8%

Sep-2015 115 -2.5% 165 +1.2%

12-Month Avg 115 -8.9% 126 -13.8%

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.

128

171

118

163

115

165


September

100

125

150

175

200

225

250

275

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


2013 2014 2015

+ 1.2%- 4.7%- 2.5%- 7.8%2013 2014 2015

- 13.5% - 31.6%

127

198

123

189

112

165


Year to Date

- 12.7%- 4.5%- 8.9%- 3.1%- 15.9% - 18.5%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


Oct-2014 625 -20.2% 85 -6.6%

Nov-2014 528 -24.2% 89 +11.3%

Dec-2014 431 -27.8% 98 +27.3%

Jan-2015 429 -27.5% 84 +10.5%

Feb-2015 425 -27.7% 70 +1.4%

Mar-2015 438 -19.0% 66 -2.9%

Apr-2015 469 -21.2% 65 -17.7%

May-2015 539 -18.2% 71 -13.4%

Jun-2015 580 -18.1% 68 -23.6%

Jul-2015 583 -17.3% 76 -11.6%

Aug-2015 578 -18.9% 65 -29.3%

Sep-2015 612 -7.8% 77 -12.5%

12-Month Avg* 526 -19.5% 79 -3.9%

Historical Inventory of Active Listings by Month* Active Listings for all properties from October 2014 through September 2015. This is not the average of the individual figures above.


The number of properties available for sale in active status at the end of a given month.

836

123

664

88

612

77


September

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- 12.5%- 28.5%- 7.8%- 20.6%

2013 2014 2015- 7.3% - 14.0%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


Oct-2014 2.3 -20.7% 1.2 -14.3%

Nov-2014 2.0 -23.1% 1.3 +8.3%

Dec-2014 1.6 -27.3% 1.4 +16.7%

Jan-2015 1.6 -27.3% 1.2 +9.1%

Feb-2015 1.6 -27.3% 1.0 0.0%

Mar-2015 1.6 -20.0% 0.9 -10.0%

Apr-2015 1.8 -21.7% 0.9 -18.2%

May-2015 2.1 -16.0% 1.0 -16.7%

Jun-2015 2.2 -15.4% 0.9 -30.8%

Jul-2015 2.3 -14.8% 1.0 -23.1%

Aug-2015 2.2 -18.5% 0.9 -35.7%

Sep-2015 2.4 -4.0% 1.1 -15.4%

12-Month Avg* 2.0 -18.8% 1.1 -10.2%

Historical Months Supply of Inventory by Month

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.

* Months Supply for all properties from October 2014 through September 2015. This is not the average of the individual figures above.


3.2

1.9

2.5

1.3

2.4

1.1


September

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- 15.4%- 31.6%- 4.0%- 21.9%

2013 2014 2015- 20.0% - 26.9%

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


- 2.3%

Pending Sales 330 304 - 7.9% 726 677 - 6.7%

New Listings 339 398 + 17.4% 3,973 3,880


Sold Listings 360 321 - 10.8% 3,122 3,023 - 3.2%


+ 13.3%


Avg. Sales Price $300,593 $326,628 + 13.3% $292,344 $331,115

Days on Market 81 67 - 5.2% 77 73 - 5.2%

Affordability Index 129 121 - 8.7% 133 121 - 8.7%

-- --


-- --

Months Supply 2.3 2.1 - 7.0% --


9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

Sold Listings

By Price Range 9-2014 9-2015 Change 9-2014 9-2015 Change 8-2015 9-2015 Change 8-2015 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change$99,999 and Below 26 20 - 23.1% 25 8 - 68.0% 1 0 - 100.0% 0 0 -- 22 14 - 36.4% 17 5 - 70.6%$100,000 to $199,999 313 159 - 49.2% 484 325 - 32.9% 17 13 - 23.5% 25 21 - 16.0% 208 105 - 49.5% 382 251 - 34.3%$200,000 to $299,999 1,553 1,119 - 27.9% 267 380 + 42.3% 101 86 - 14.9% 41 36 - 12.2% 1,210 799 - 34.0% 226 304 + 34.5%$300,000 to $399,999 713 1,002 + 40.5% 35 110 + 214.3% 104 95 - 8.7% 4 5 + 25.0% 585 803 + 37.3% 28 97 + 246.4%$400,000 to $499,999 259 425 + 64.1% 9 5 - 44.4% 52 36 - 30.8% 0 1 -- 204 341 + 67.2% 6 5 - 16.7%$500,000 to $699,999 212 245 + 15.6% 2 6 + 200.0% 18 19 + 5.6% 0 0 -- 162 209 + 29.0% 2 2 0.0%$700,000 to $999,999 68 87 + 27.9% 0 1 -- 10 8 - 20.0% 0 0 -- 57 70 + 22.8% 0 0 --$1,000,000 to $1,999,999 16 22 + 37.5% 0 0 -- 3 1 - 66.7% 0 0 -- 12 16 + 33.3% 0 0 --$2,000,000 and Above 1 2 + 100.0% 0 1 -- 0 0 -- 0 0 -- 1 2 + 100.0% 0 0 --All Price Ranges 3,161 3,081 - 2.5% 822 836 + 1.7% 306 258 - 15.7% 70 63 - 10.0% 2,461 2,359 - 4.1% 661 664 + 0.5%

Inventory of Active Listings

By Price Range 9-2014 9-2015 Change 9-2014 9-2015 Change 8-2015 9-2015 Change 8-2015 9-2015 Change$99,999 and Below 13 6 - 53.8% 0 0 -- 8 6 - 25.0% 0 0 --$100,000 to $199,999 58 38 - 34.5% 20 9 - 55.0% 40 38 - 5.0% 8 9 + 12.5%$200,000 to $299,999 124 95 - 23.4% 38 28 - 26.3% 98 95 - 3.1% 27 28 + 3.7%$300,000 to $399,999 169 149 - 11.8% 24 27 + 12.5% 134 149 + 11.2% 17 27 + 58.8%$400,000 to $499,999 101 111 + 9.9% 4 9 + 125.0% 105 111 + 5.7% 8 9 + 12.5%$500,000 to $699,999 119 134 + 12.6% 1 0 - 100.0% 115 134 + 16.5% 0 0 --$700,000 to $999,999 59 60 + 1.7% 0 2 -- 61 60 - 1.6% 3 2 - 33.3%$1,000,000 to $1,999,999 19 16 - 15.8% 0 2 -- 15 16 + 6.7% 2 2 0.0%$2,000,000 and Above 2 3 + 50.0% 2 0 - 100.0% 2 3 + 50.0% 0 0 --All Price Ranges 664 612 - 7.8% 88 77 - 12.5% 578 612 + 5.9% 65 77 + 18.5%

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

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

3,161

822

3,9833,081

836

3,917

Singe Family Townhouse-Condo All Properties

By Property Type 9-2014 9-2015

664

88

753612

77

689

Singe Family Townhouse-Condo All Properties

By Property Type 9-2014 9-2015

51

797

1,820

748268 214 68 16 128

484

1,4991,112

430 251 88 22 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 – Rolling 12 Months 9-2014 9-2015

+ 200.0%

13 78162 193

105 120 59 19 46 47123 176 120 134

62 18 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 9-2014 9-2015

- 45.1% - 39.3% - 17.6% + 48.7% + 37.5%+ 60.4% + 17.3% + 29.4% - 2.5% + 1.7% - 1.7%

- 25.0%- 53.8% - 39.7% - 24.1% - 8.8% - 5.3%+ 11.7% + 5.1% - 7.8% - 12.5% - 8.5%+ 14.3%

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 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.


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.

october 2015 housing report

Documents