era brokers consolidated valley.pdfera brokers local market report era brokers consolidated monthly...
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ERA BROKERS CONSOLIDATED MONTHLY MARKET UPDATE
research.erabrokers.com
OFFERED AT $399,999188 S Main | Hurricane, UT 84737
20-211615
Hurricane Valley | May 2020
Our Investments in Market Research provide insight and commentary on a dozen residential markets throughout Utah and Nevada.
+6.2
April 2019 April 2020 + / - 12 Month Avg + / -New Listings 91 90 -1.1% 81 9%Pending Sales 90 65 -27.8% 62 8%Closed Sales 55 63 14.5% 57 16%Median Sales Price $299,000 $317,500 6.2% $308,027 8%Average Sales Price $308,032 $359,493 16.7% $329,944 11%List to Sale Price Ratio 97.1% 97.4% 0.3% 97.8% -1.6%Days on Market 51 62 21.6% 63 18%Inventory of Homes for Sale 195 226 15.9% 198 12%Months Supply of Inventory 3.5 3.6 1.2% 3.5 -6%Single Family Permits 36 0 -100.0% 35 9%Apartment & Condo Permits 0 0 3 -35%
The source of the data for this report is the MLS, Local Association of Realtors and Construction Monitor.
0102030405060708090
Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 200
50
100
150
200
250
Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 20
Year over year price change for the 12 month rolling average.
Inventory of Homes for Sale Days on Market
By Month 12 Month Rolling Average
MARKET REPORT
May 2020HURRICANE VALLEY
Year-Over-Year
-15.00%
-10.00%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20
% Change in Median Price
8.0%
Highlights:• Closed sales are up 16% over a 12 month average.• Median sales price is up 6.2% compared to last year.• New listings are up 9% over a 12 month average.
By Month 12 Month Rolling Average
By Month 12 Month Rolling Average
14.5%
Change in Closed Sales
15.9%
Change in Inventory
Change inNew Listings
-1.1%