northeast region single family and townhouse-condo ...€¦ · key metrics by report month and for...

© 2015 Colorado Association of REALTORS®

Single Family and Townhouse-CondoDecember 2015

Northeast Region

Total Market Overview Report December 2015Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Northeast Region

Key Metrics Historical Sparkbars 12-2014 12-2015 Percent Change YTD-2014 YTD-2015 Percent Change

Current as of January 6, 2016. Percent changes calculated using year-over-year comparisons. All data from the multiple listing services in the state of Colorado. Powered by ShowingTime 10K. | 1

Months Supply 1.8 1.5 - 16.7% -- -- --

Active Listings 2,598 2,190 - 15.7%

- 10.1%

-- --

125

--

- 9.1%

Affordability Index 132 123 - 6.8% 139

- 8.1% 77 70

98.8% + 0.1% 99.0%

Days on Market 86 79

17,804

$348,055

$289,000

100.0%

Median Sales Price $264,000 $295,000 + 11.7% $252,000

Average Sales Price $316,242 $355,076 + 12.3% $309,990

Pct. of List Price Received 98.7%

Sold Listings 1,245 1,279 + 2.7% 16,882 + 5.5%

+ 14.7%

+ 12.3%

+ 1.0%

17,964 + 5.2%

21,455 + 3.3%

Pending / Under Contract 880 848 - 3.6% 17,070

20,768New Listings 865 731 - 15.5%

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

Single Family Market Overview December 2015Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Northeast Region



Months Supply 2.0 1.6 - 20.0% -- -- --

Active Listings 2,243 1,907

+ 9.2% $267,000

- 15.0% --

72

+ 12.6% $329,360

99.8%

--

119

Days on Market 86 81 - 5.8% 78


Pct. of List Price Received 98.5% 98.7% + 0.2% 98.9%

Average Sales Price $333,219 $375,143

Median Sales Price $284,000 $310,000

+ 8.3% 13,681

Pending / Under Contract 691 696 + 0.7% 13,777

Sold Listings 1,003 1,086

New Listings 678 603 - 11.1% 17,033 17,762

+ 5.8%

+ 4.3%

14,576

14,445 + 5.6%

+ 14.2%

$369,031 + 12.0%

$305,000

+ 0.9%

- 9.2%

--

- 7.7%

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

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



Months Supply 1.3 1.0 - 23.1% -- -- --

Active Listings 355 283 - 20.3%

- 12.5%

-- --

161

--

- 11.3%


- 20.5% 71 63

99.5% 0.0% 99.3%

Days on Market 83 66

3,359

$257,839

$225,000

101.0%

Median Sales Price $205,000 $221,000 + 7.8% $190,000

Average Sales Price $245,877 $242,156 - 1.5% $227,246

Pct. of List Price Received 99.5%

Sold Listings 242 193 - 20.2% 3,201 + 4.9%

+ 18.4%

+ 13.5%

+ 1.7%

3,388 + 2.9%

3,693 - 1.1%3,735

Pending / Under Contract 189 152 - 19.6% 3,293

December 2015

New Listings 187 128 - 31.6%

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

11-2014 3-2015 7-2015 11-2015

New ListingsNortheast Region

New ListingsSingleFamily

Percent Change from Previous

YearTownhouse-

Condo


Year

Jan-2015 1,063 -1.9% 228 -8.8%

Feb-2015 1,348 +24.1% 275 +0.4%

Mar-2015 1,638 +3.6% 379 +4.4%

Apr-2015 1,822 -3.1% 396 -4.1%

May-2015 1,884 -3.5% 389 +0.8%

Jun-2015 1,950 -0.9% 384 -4.2%

Jul-2015 1,972 +9.1% 386 -1.8%

Aug-2015 1,685 +6.9% 361 +2.0%

Sep-2015 1,485 +9.8% 303 +19.8%

Oct-2015 1,390 +8.6% 274 -5.5%

Nov-2015 922 +17.0% 190 +11.1%

Dec-2015 603 -11.1% 128 -31.6%

Historical New Listings by Month

December 2015


668

124

678

187

603

128

Single Family Townhouse-Condo

December

0

500

1,000

1,500

2,000

2,500

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


17,155

3,355

17,033

3,735

17,762

3,693


Year to Date

+ 1.5% - 11.1%Dec-15Dec-14Dec-15Dec-14 Dec-14Dec-15Dec-14 Dec-15

+ 50.8% - 31.6% - 0.7% + 4.3% + 11.3% - 1.1%Dec-13 Dec-13 Dec-13Dec-13

+ 13.2%+ 11.7%+ 11.7%+ 4.5%

Pending / Under ContractNortheast Region

Pending / Under Contract

SingleFamily


YearTownhouse-

Condo


Year

Jan-2015 909 +2.2% 226 +2.3%

Feb-2015 1,168 +25.1% 257 +8.4%

Mar-2015 1,448 +6.9% 357 +14.8%

Apr-2015 1,414 -2.8% 351 +6.0%

May-2015 1,499 +9.8% 324 +1.3%

Jun-2015 1,498 +4.2% 327 -4.4%

Jul-2015 1,388 +4.9% 330 -4.9%

Aug-2015 1,345 +11.5% 334 +12.1%

Sep-2015 1,178 +1.8% 269 +1.9%

Oct-2015 1,101 -2.4% 252 +5.0%

Nov-2015 932 +11.2% 209 +8.3%

Dec-2015 696 +0.7% 152 -19.6%

Historical Pending / Under Contract by Month

December 2015


635

110

691

189

696

152


December

0

250

500

750

1,000

1,250

1,500

1,750

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


13,137

2,852

13,777

3,293

14,576

3,388


Year to Date

+ 8.8% + 0.7%Dec-15Dec-14Dec-15Dec-14 Dec-14Dec-15Dec-14 Dec-15

+ 71.8% - 19.6% + 4.9% + 5.8% + 15.5% + 2.9%Dec-13 Dec-13 Dec-13Dec-13

+ 19.5%+ 14.4%- 11.3%- 6.6%

Sold ListingsNortheast Region

Sold ListingsSingleFamily


YearTownhouse-

Condo


Year

Jan-2015 684 +3.5% 169 +29.0%

Feb-2015 786 +6.8% 202 +16.1%

Mar-2015 1,185 +24.6% 275 +18.0%

Apr-2015 1,278 +13.5% 315 +14.5%

May-2015 1,352 -7.2% 330 +10.0%

Jun-2015 1,584 +10.7% 377 +7.4%

Jul-2015 1,521 +0.3% 365 +0.8%

Aug-2015 1,442 +9.2% 337 -3.2%

Sep-2015 1,334 +8.7% 309 +1.6%

Oct-2015 1,248 -3.7% 271 -2.9%

Nov-2015 945 -1.2% 216 +6.9%

Dec-2015 1,086 +8.3% 193 -20.2%

Historical Sold Listings by Month

December 2015


961

192

1,003

242

1,086

193


December

0

250

500

750

1,000

1,250

1,500

1,750

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


13,154

2,815

13,681

3,201

14,445

3,359


Year to Date

Dec-15Dec-14Dec-15Dec-14 Dec-14Dec-15Dec-14 Dec-15Dec-13 Dec-13 Dec-13Dec-13

+ 4.4% + 8.3% + 26.0% - 20.2% + 4.0% + 5.6% + 13.7% + 4.9%+ 18.9%+ 17.4%+ 16.4%+ 22.7%

Median Sales PriceNortheast Region

Median Sales Price

SingleFamily


YearTownhouse-

Condo


Year

Jan-2015 $275,000 +15.1% $201,000 +8.1%

Feb-2015 $296,273 +20.5% $220,000 +18.9%

Mar-2015 $300,000 +16.3% $222,000 +22.6%

Apr-2015 $300,000 +13.2% $234,500 +25.1%

May-2015 $309,000 +14.9% $230,500 +22.1%

Jun-2015 $315,000 +18.4% $221,012 +16.3%

Jul-2015 $314,995 +16.6% $220,000 +18.9%

Aug-2015 $313,697 +14.7% $225,000 +18.4%

Sep-2015 $300,125 +11.2% $227,500 +13.5%

Oct-2015 $297,687 +10.3% $230,000 +19.5%

Nov-2015 $300,635 +9.5% $240,000 +19.7%

Dec-2015 $310,000 +9.2% $221,000 +7.8%

Historical Median Sales Price by Month

December 2015


$250,000

$186,050

$284,000

$205,000

$310,000

$221,000


December

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


$251,760

$178,500

$267,000

$190,000

$305,000

$225,000


Year to Date

Dec-15Dec-14Dec-15Dec-14 Dec-14Dec-15Dec-14 Dec-15Dec-13 Dec-13 Dec-13Dec-13

+ 13.6% + 9.2% + 10.2% + 7.8% + 6.1% + 14.2% + 6.4% + 18.4%+ 6.9%+ 8.5%+ 10.4%+ 8.7%

Average Sales PriceNortheast Region

Average Sales Price

SingleFamily


YearTownhouse-

Condo


Year

Jan-2015 $325,971 +10.3% $241,858 +8.1%

Feb-2015 $349,237 +17.9% $257,038 +21.1%

Mar-2015 $372,529 +12.9% $263,565 +22.3%

Apr-2015 $374,306 +12.3% $265,489 +22.9%

May-2015 $385,276 +14.9% $273,083 +21.5%

Jun-2015 $378,978 +13.4% $248,065 +7.7%

Jul-2015 $382,492 +12.9% $261,244 +11.5%

Aug-2015 $371,504 +10.3% $249,325 +12.6%

Sep-2015 $349,313 +5.2% $251,933 +9.8%

Oct-2015 $364,393 +11.7% $266,429 +14.6%

Nov-2015 $366,729 +11.8% $265,666 +13.4%

Dec-2015 $375,143 +12.6% $242,156 -1.5%

Historical Average Sales Price by Month

December 2015


$310,425

$213,921

$333,219

$245,877

$375,143

$242,156


December

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


$313,364

$216,634

$329,360

$227,246

$369,031

$257,839


Year to Date

+ 7.3% + 12.6%Dec-15Dec-14Dec-15Dec-14 Dec-14Dec-15Dec-14 Dec-15

+ 14.9% - 1.5% + 5.1% + 12.0% + 4.9% + 13.5%Dec-13 Dec-13 Dec-13Dec-13

+ 6.5%+ 8.2%+ 4.1%+ 7.9%

Percent of List Price ReceivedNortheast Region

Pct. of List Price Received

SingleFamily


YearTownhouse-

Condo


Year

Jan-2015 98.6% +0.7% 99.0% +0.2%

Feb-2015 99.2% +0.5% 100.3% +2.3%

Mar-2015 99.6% +1.2% 101.1% +2.3%

Apr-2015 100.1% +0.9% 101.5% +1.6%

May-2015 100.5% +1.2% 101.5% +2.1%

Jun-2015 100.7% +1.2% 102.3% +2.5%

Jul-2015 100.3% +1.0% 101.9% +2.2%

Aug-2015 99.8% +0.8% 101.1% +2.2%

Sep-2015 99.6% +0.9% 100.8% +1.5%

Oct-2015 99.3% +0.4% 100.9% +1.8%

Nov-2015 99.2% +0.4% 99.9% +1.0%

Dec-2015 98.7% +0.2% 99.5% 0.0%

Historical Percent of List Price Received by Month

December 2015

* Pct. of List Price Received for all properties from January 2015 through December 2015. This is not the average of the individual figures above.


94.0%

96.0%

98.0%

100.0%

102.0%

104.0%

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


98.3% 98.1%98.5% 99.5%98.7% 99.5%


December

98.5% 98.5%98.9% 99.3%99.8% 101.0%


Year to Date

+ 1.7%0.0%+ 1.4%+ 0.1%+ 0.4% + 0.2%+ 0.2% + 0.8%+ 1.1%+ 0.9%+ 0.4%+ 0.5%Dec-13 Dec-14 Dec-15 Dec-13 Dec-14 Dec-15 Dec-13 Dec-14 Dec-15 Dec-13 Dec-14 Dec-15

Days on Market Until SaleAverage

b f Northeast Region

Days on Market Until Sale

SingleFamily


YearTownhouse-

Condo


Year

Jan-2015 92 -3.2% 77 -2.5%

Feb-2015 88 -3.3% 69 -17.9%

Mar-2015 78 -17.9% 65 -21.7%

Apr-2015 69 -16.9% 58 -4.9%

May-2015 68 -10.5% 62 +3.3%

Jun-2015 65 -9.7% 67 0.0%

Jul-2015 64 -4.5% 57 -9.5%

Aug-2015 66 -7.0% 60 -7.7%

Sep-2015 65 -9.7% 55 -32.1%

Oct-2015 71 -9.0% 72 0.0%

Nov-2015 78 0.0% 65 -1.5%

Dec-2015 81 -5.8% 66 -20.5%

Historical Days on Market Until Sale by Month

December 2015

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


938686

8381

66


December

40

60

80

100

120

140

160

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


848178

7172

63


Year to Date

- 7.5% - 5.8%Dec-15Dec-14Dec-15Dec-14 Dec-14Dec-15Dec-14 Dec-15

- 3.5% - 20.5% - 7.1% - 7.7% - 12.3% - 11.3%Dec-13 Dec-13 Dec-13Dec-13

- 27.7%- 20.8%- 14.0%- 9.7%

Housing Affordability IndexNortheast Region

Housing Affordability Index

SingleFamily


YearTownhouse-

Condo


Year

Jan-2015 134 -2.9% 183 +3.4%

Feb-2015 125 -8.1% 168 -7.2%

Mar-2015 122 -6.2% 164 -11.4%

Apr-2015 123 -2.4% 157 -11.8%

May-2015 120 -6.3% 160 -12.1%

Jun-2015 115 -10.9% 164 -8.9%

Jul-2015 113 -10.3% 162 -12.4%

Aug-2015 115 -8.7% 160 -11.6%

Sep-2015 121 -4.0% 160 -5.9%

Oct-2015 122 -4.7% 158 -12.2%

Nov-2015 120 -4.8% 150 -13.3%

Dec-2015 117 -4.9% 164 -4.1%

Historical Housing Affordability Index by Month

December 2015


135

181

123

171

117

164


December

134

189

131

184

119

161


Year to Date

100

120

140

160

180

200

220

240

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


- 8.9% - 4.9%Dec-15Dec-14Dec-15Dec-14

- 5.5% - 4.1%Dec-13 Dec-13

- 2.2% - 9.2%Dec-15Dec-14Dec-15Dec-14

- 2.6% - 12.5%Dec-13 Dec-13

- 15.2%- 16.3%- 18.1%- 16.7%

Inventory of Active ListingsNortheast Region

Active ListingsSingleFamily

Year-Over-YearChange

Condo/TIC/Coop


Jan-2015 2,182 -18.3% 328 -21.3%

Feb-2015 2,185 -16.2% 322 -24.4%

Mar-2015 2,165 -17.1% 316 -28.0%

Apr-2015 2,320 -16.5% 331 -32.4%

May-2015 2,458 -20.8% 373 -29.5%

Jun-2015 2,622 -20.5% 397 -25.5%

Jul-2015 2,886 -15.9% 407 -23.6%

Aug-2015 2,901 -15.4% 400 -24.4%

Sep-2015 2,863 -11.5% 397 -13.7%

Oct-2015 2,749 -7.3% 379 -17.4%

Nov-2015 2,406 -6.2% 330 -19.3%

Dec-2015 1,907 -15.0% 283 -20.3%

Historical Inventory of Active Listings by Month

December 2015


2,793

420

2,243

355

1,907

283


December

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


Dec-15Dec-14Dec-13- 15.0%- 19.7%- 10.4% - 20.3%- 15.5%- 19.7%

Dec-15Dec-14Dec-13

Months Supply of InventoryNortheast Region

Months SupplySingleFamily


Condo/TIC/Coop


Jan-2015 1.9 -20.8% 1.2 -33.3%

Feb-2015 1.9 -20.8% 1.2 -33.3%

Mar-2015 1.9 -20.8% 1.1 -38.9%

Apr-2015 2.0 -20.0% 1.2 -40.0%

May-2015 2.1 -25.0% 1.3 -40.9%

Jun-2015 2.2 -26.7% 1.4 -36.4%

Jul-2015 2.4 -22.6% 1.4 -33.3%

Aug-2015 2.4 -22.6% 1.4 -33.3%

Sep-2015 2.4 -17.2% 1.4 -22.2%

Oct-2015 2.3 -11.5% 1.3 -27.8%

Nov-2015 2.0 -13.0% 1.2 -25.0%

Dec-2015 1.6 -20.0% 1.0 -23.1%

Historical Months Supply of Inventory by Month

December 2015


2.5

1.82.0

1.31.6

1.0


December

0.0

2.0

4.0

6.0

8.0

10.0

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015


Dec-15Dec-14Dec-13- 20.0%- 20.0%- 24.2% - 23.1%- 27.8%- 33.3%

Dec-15Dec-14Dec-13

Glossary of TermsA research tool provided by the Colorado Association of REALTORS®

New ListingsA measure of how much new supply is coming onto the market from sellers.

Pending/Under ContractA count of all the listings that went into Pending / Under Contract during the reported period. Pending / Under Contract listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending / Under Contract, out of Pending / Under Contract, then back into Pending / Under Contract 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.

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

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

Average Sales PriceA sum of all home sales prices divided by total number of sales.

Percent of List Price ReceivedA mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

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

Housing Affordability IndexA 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.

Active ListingsA 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.

Months Supply of ListingsA 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.


December 2015Northeast Region

northeast region single family and townhouse-condo ...€¦ · key metrics by report month and for...

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