quarterly indicators for 2012

7/29/2019 quarterly indicators for 2012

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Q4-2012 Activity Snapshot

One-Year Change in One-Year Change in

Sold Listings Active Listings

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Glossary of Terms

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Inventory of Active Listings

Months Supply of Inventory

Data may not reflect all real estate activity in the market and is provided as-is without warranty or guaranty. | January 12, 2013. Data provided by Pikes Peak REALTOR Services Corp. Reports by 10K Research and Marketing. | 1

The fourth quarter of 2012 was especially active and encouraging. While many

potential threats to the economy lingered, the housing market clearly showedstrong and continuing signs of recovery. Colorado is pointing the nation in the

right direction. Inventory is improving, prices continue to rise and days on

market show consistent downward trends.

New Listings increased 6.4 percent to 2,813. Pending Sales were up 0.5

percent to 1,906. Inventory levels shrank 6.1 percent to 3,686 units.

Prices rallied higher. The Median Sales Price increased 11.1 percent to

$199,900. Days on Market was down 17.9 percent to 78 days. Absorption rates

improved as Months Supply of Inventory was down 13.5 percent to 4.5 months.

Economists list three primary avenues to housing recovery: better market

fundamentals, improved market composition and more jobs. Many areas of

Colorado are enjoying better fundamentals and less distressed activity. If job

growth continues in 2013, housing should lead the way to economic recovery in

our state, and our REALTOR members will enjoy a robust market with

increased opportunities.

Percent changes calculated using year-over-year comparisons.

Quarterly Indicators

+ 10.4% - 6.1% + 11.1%

One-Year Change in

Pending Sales

Sold Listings

Median Sales Price

Residential real estate activity in El Paso and Teller Counties, comprisedof single-family properties, patio homes, townhomes and condominiums

combined. Percent changes are calculated using rounded figures.

Activity Overview

New Listings

Median Sold Price

Average Sold Price


2/13

Market Overview

Key Metrics Historical Sparkbars Q4-2011 Q4-2012 Percent Change YTD 2011 YTD 2012 Percent Change


Months Supply 5.2 4.5 - 13.5% -- -- --

+ 0.5%

Active Listings 3,924 3,686 - 6.1% -- -- --

Affordability Index 182 179 - 1.6% 182 183

+ 0.4%

Days on Market 95 78 - 17.9% 93 82 - 11.8%

Pct. of List Price Received 97.4% 97.9% + 0.5% 97.4% 97.8%

$224,277 + 5.9%

Median Sold Price $180,000 $199,900 + 11.1% $180,000 $194,950

Average Sold Price $210,149 $228,909 + 8.9% $211,683

9,765 + 7.6%

+ 8.3%

Sold Listings 2,145 2,368 + 10.4% 9,076

14,934 + 0.9%

Pending Sales 1,897 1,906 + 0.5% 9,217 9,727 + 5.5%

14,794

Key metrics by reported quarter and for year-to-date (YTD) starting from the first of the year.

New Listings 2,643 2,813 + 6.4%Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012

Q3-2010 Q3-2011 Q3-2012


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New Listings

Q3-2010 4,379 --

Q4-2010 3,099 --

Q1-2011 4,078 -20.7%

Q2-2011 4,526 -19.8%

Q3-2011 3,547 -19.0%

Q4-2011 2,643 -14.7%

Q1-2012 3,712 -9.0%

Q2-2012 4,455 -1.6%

Q3-2012 3,954 +11.5%

Q4-2012 2,813 +6.4%

Historical New Listings by Quarter


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

New Listings

Percent Change

from Previous Year

3,099

2,6432,813

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

2,000

3,000

4,000

5,000

6,000

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

18,264

14,794 14,934

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 0.9%- 14.7% + 6.4% - 19.0%


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Pending Sales

Q3-2010 2,078 --

Q4-2010 1,791 --

Q1-2011 2,241 -6.3%

Q2-2011 2,606 -3.8%

Q3-2011 2,473 +19.0%

Q4-2011 1,897 +5.9%

Q1-2012 2,363 +5.4%

Q2-2012 2,913 +11.8%

Q3-2012 2,545 +2.9%

Q4-2012 1,906 +0.5%

Historical Pending Sales by Quarter


A count of the properties on which offers have been accepted in a given quarter. Pending Sales are counted for all property types at the end of

the quarter for each listing that went into pending during that quarter.

Pending Sales

Percent Change

from Previous Year

1,7911,897 1,906

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

1,600

1,800

2,000

2,200

2,400

2,600

2,800

3,000

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

8,971 9,2179,727

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 5.5%+ 5.9% + 0.5% + 2.7%


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Sold Listings

Q3-2010 2,165 --

Q4-2010 2,001 --

Q1-2011 1,833 -6.4%

Q2-2011 2,638 -8.9%

Q3-2011 2,460 +13.6%

Q4-2011 2,145 +7.2%

Q1-2012 1,867 +1.9%

Q2-2012 2,817 +6.8%

Q3-2012 2,713 +10.3%

Q4-2012 2,368 +10.4%

Historical Sold Listings by Quarter


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

Sold Listings

Percent Change

from Previous Year

2,0012,145 2,368

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

1,800

2,000

2,200

2,400

2,600

2,800

3,000

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

9,021 9,0769,765

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 7.6%+ 7.2% + 10.4% + 0.6%


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Median Sales Price

Q3-2010 $194,700 --

Q4-2010 $187,500 --

Q1-2011 $177,000 -0.3%

Q2-2011 $179,968 -2.7%

Q3-2011 $184,000 -5.5%

Q4-2011 $180,000 -4.0%

Q1-2012 $174,000 -1.7%

Q2-2012 $197,500 +9.7%

Q3-2012 $200,000 +8.7%

Q4-2012 $199,900 +11.1%

Historical Median Sales Price by Quarter


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

Median Sales Price

Percent Change

from Previous Year

$187,500 $180,000$199,900

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

$170,000

$180,000

$190,000

$200,000

$210,000

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

$185,000 $180,000$194,950

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 8.3%- 4.0% + 11.1% - 2.7%


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Average Sales Price

Q3-2010 $230,571 --

Q4-2010 $219,388 --

Q1-2011 $209,933 +3.1%

Q2-2011 $209,698 -4.8%

Q3-2011 $216,454 -6.1%

Q4-2011 $210,149 -4.2%

Q1-2012 $207,552 -1.1%

Q2-2012 $227,655 +8.6%

Q3-2012 $228,237 +5.4%

Q4-2012 $228,909 +8.9%

Historical Average Sales Price by Quarter


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

Average Sales Price

Percent Change

from Previous Year

$219,388$210,149

$228,909

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

$200,000

$210,000

$220,000

$230,000

$240,000

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

$218,918 $211,683$224,277

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 5.9%- 4.2% + 8.9% - 3.3%


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Q3-2010 97.3% --

Q4-2010 97.2% --

Q1-2011 97.4% -0.1%

Q2-2011 97.5% -0.3%

Q3-2011 97.3% 0.0%

Q4-2011 97.4% +0.2%

Q1-2012 97.3% -0.1%

Q2-2012 97.9% +0.4%

Q3-2012 97.8% +0.5%

Q4-2012 97.9% +0.5%

Historical Percent of List Price Received by Quarter


Percentage found when dividing a propertys sales price by i ts most recent list price, then taking the average for all properties sold in a given

quarter, not accounting for seller concessions.

Pct. of List Price Received

Percent Change

from Previous Year

97.2% 97.4% 97.9%

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

97.0%

97.2%

97.4%

97.6%

97.8%

98.0%

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

97.5% 97.4% 97.8%

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 0.4%+ 0.2% + 0.5% - 0.1%


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Q3-2010 86 --

Q4-2010 97 --

Q1-2011 98 +15.3%

Q2-2011 92 +17.9%

Q3-2011 89 +3.5%

Q4-2011 95 -2.1%

Q1-2012 98 0.0%

Q2-2012 81 -12.0%

Q3-2012 77 -13.5%

Q4-2012 78 -17.9%

Historical Days on Market Until Sale by Quarter


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

Days on Market

Percent Change

from Previous Year

97 95

78

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

75

80

85

90

95

100

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

86 93 82

Q4-2010 Q4-2011 Q4-2012

Year to Date

- 11.8%- 2.1% - 17.9% + 8.1%


10/13


Q3-2010 160 --

Q4-2010 165 --

Q1-2011 172 +5.5%

Q2-2011 175 +8.0%

Q3-2011 179 +11.9%

Q4-2011 182 +10.3%

Q1-2012 188 +9.3%

Q2-2012 175 0.0%

Q3-2012 177 -1.1%

Q4-2012 179 -1.6%

Historical Housing Affordability Index by Quarter


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.

Affordability Index

Percent Change

from Previous Year

165182 179

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

160

165

170

175

180

185

190

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

167 182 183

Q4-2010 Q4-2011 Q4-2012

Year to Date

+ 0.5%+ 10.3% - 1.6% + 9.0%


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Q3-2010 6,937 --

Q4-2010 5,650 --

Q1-2011 5,523 -10.1%

Q2-2011 5,822 -19.7%

Q3-2011 5,033 -27.4%

Q4-2011 3,924 -30.5%

Q1-2012 4,175 -24.4%

Q2-2012 4,562 -21.6%

Q3-2012 4,469 -11.2%

Q4-2012 3,686 -6.1%

Historical Inventory of Active Listings by Quarter


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

Active Listings

Percent Change

from Previous Year

5,650

3,924 3,686

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

3,000

4,000

5,000

6,000

7,000

8,000

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

- 30.5% - 6.1%


12/13


Q3-2010 8.9 --

Q4-2010 7.5 --

Q1-2011 7.5 -17.6%

Q2-2011 8.1 -16.5%

Q3-2011 6.8 -23.6%

Q4-2011 5.2 -30.7%

Q1-2012 5.5 -26.7%

Q2-2012 5.9 -27.2%

Q3-2012 5.6 -17.6%

Q4-2012 4.5 -13.5%

Historical Months Supply of Inventory by Quarter


The inventory of homes for sale at the end of a given quarter, divided by the average monthly closed sales from the last 12 months.

Months Supply

Percent Change

from Previous Year

7.5

5.24.5

Q4-2010 Q4-2011 Q4-2012

Fourth Quarter

4

5

6

7

8

9

10

Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012

- 30.7% - 13.5%


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Glossary of Terms

New Listings

Pending Sales

Sold Listings

Median Sold Price

Average Sold Price







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 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 measure of home sales that were closed to completion during the report period.

A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

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 regions 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.

quarterly indicators for 2012

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