october 2013 housing report
DESCRIPTION
A comprehensive Housing Report from the Fort Collins Board of REALTORS®. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings. For more information please call 223-2900TRANSCRIPT
October 2013 Monthly Snapshot
One-Year Change in One-Year Change in
Single FamilySold Listings
Single FamilyDays On Market
2
Monthly Indicators
+ 13.2% - 24.5% + 4.1%One-Year Change inNow that the baton is in grasp of the final quarter of our annual relay, it's a good
time to look back and reflect. This year has been spectacular for residential real estate. Robust gains in sales and prices were felt in many markets. More homes sold in less time for closer to asking price. While consumers have felt empowered by low prices and interest rates, sellers are starting to regain their footing. Seller confidence is crucial to refilled inventory bins – which are still relatively sparse.
New Listings were down 4.9 percent for single family homes and 31.3 percent
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 23456789
101112131415
Click on desired metric to jump to that page.
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing.
Townhouse-Condo Activity Overview
Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewGlossary of TermsMonths Supply of Inventory
New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received
New Listings were down 4.9 percent for single family homes and 31.3 percent for townhouse-condo properties. Pending sales clocked in at 75 for single family homes and 19 for townhouse-condo properties.
The Median Sales Price was up 4.1 percent to $255,000 for single family homes but decreased 3.8 percent to $159,000 for townhouse-condo properties. Months Supply of Inventory stood at 3.6 for single family units and 2.5 months for townhouse-condo units.
The economy continues to snail forward. The government shutdown had a modest impact on borrowing – mostly centered on USDA and VA borrowers. Consumer confidence is central to ongoing recovery, and confidence was hindered by the shutdown. Consumer spending accounts for roughly 70 percent of U.S. economic activity and impacts the likelihood for big-ticket purchases like homes and cars. Future shutdowns are unwelcome.
Single Family Activity Overview
All Properties Activity Overview
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 10-2012 10-2013 Percent Change YTD-2012 YTD-2013 Percent Change
+ 10.7%
Pending Sales 220 75 - 65.9% 2,553 2,625 + 2.8%
New Listings 264 251 - 4.9% 3,287 3,640
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 227 257 + 13.2% 2,416 2,793 + 15.6%
Median Sales Price $245,000 $255,000 + 4.1% $245,439 $262,000 + 6.7%
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
+ 6.6%
Pct. of List Price Received 98.3% 98.7% + 0.4% 98.4% 98.9% + 1.0%
Average Sales Price $284,162 $302,007 + 6.3% $281,359 $299,862
Days on Market 106 80 - 24.5% 102 80 - 21.6%
Affordability Index 153 137 - 10.5% 152 134 - 11.8%
-- --
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
-- --
Months Supply Not enough historical data for chart -- 3.6 -- --
Active Listings Not enough historical data for chart -- 968 -- --
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
Townhouse-Condo Activity OverviewKey metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 10-2012 10-2013 Percent Change YTD-2012 YTD-2013 Percent Change
+ 2.4%
Pending Sales 52 19 - 63.5% 637 650 + 2.0%
New Listings 67 46 - 31.3% 759 777
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 49 44 - 10.2% 604 676 + 11.9%
Median Sales Price $165,200 $159,000 - 3.8% $152,250 $167,700 + 10.1%
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
+ 9.4%
Pct. of List Price Received 98.0% 98.4% + 0.4% 97.8% 99.1% + 1.0%
Average Sales Price $189,530 $164,922 - 13.0% $162,474 $177,669
Days on Market 112 55 - 50.9% 93 73 - 21.5%
Affordability Index 211 204 - 3.3% 226 195 - 13.7%
-- --
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
-- --
Months Supply Not enough historical data for chart -- 2.5 -- --
Active Listings Not enough historical data for chart -- 164 -- --
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
New Listings
New ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 194 +38.6% 48 +23.1%
Dec-2012 138 +0.7% 26 -10.3%
Jan-2013 268 +23.5% 50 +2.0%
Feb-2013 295 +5.7% 66 +13.8%
Mar-2013 365 +4.6% 78 -29.7%
Apr-2013 384 +1.9% 115 +16.2%
May-2013 515 +21.2% 87 +1.2%
Jun-2013 485 +26.0% 89 +1.1%
Jul-2013 418 +4.8% 96 +33.3%
Aug-2013 364 +5.2% 89 +23.6%
Sep-2013 295 +19.9% 61 +7.0%
Oct-2013 251 -4.9% 46 -31.3%
12-Month Avg 331 +11.4% 71 +2.9%
A count of the properties that have been newly listed on the market in a given month.
212
32
264
67
251
46
October
3,038
670
3,287
759
3,640
777
Year to Date
2011 2012 2013
- 31 3%+ 109 4%4 9%+ 24 5% + 13 3%+ 10 7%+ 8 2% + 2 4%
2011 2012 2013 2011 2012 2013 2011 2012 2013
2 3% 12 8% 22 5%- 34 7%12 Month Avg 331 +11.4% 71 +2.9%
Historical New Listings by Month
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Single Family Townhouse-Condo
0
100
200
300
400
500
600
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2011 2012 2013
- 31.3%+ 109.4%- 4.9%+ 24.5% + 13.3%+ 10.7%+ 8.2% + 2.4%
2011 2012 2013 2011 2012 2013 2011 2012 2013
- 2.3% - 12.8% - 22.5%- 34.7%
Pending Sales
Pending SalesSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 182 +15.9% 44 +29.4%
Dec-2012 165 +42.2% 33 -5.7%
Jan-2013 237 +37.0% 53 +39.5%
Feb-2013 255 +8.5% 57 +9.6%
Mar-2013 330 +17.9% 76 +43.4%
Apr-2013 311 +9.5% 111 +16.8%
May-2013 356 +14.8% 86 0.0%
Jun-2013 348 +14.5% 76 -9.5%
Jul-2013 292 -1.0% 63 -6.0%
Aug-2013 237 +3.5% 64 +8.5%
Sep-2013 184 -17.5% 45 -11.8%
Oct-2013 75 -65.9% 19 -63.5%
12-Month Avg 248 +5.2% 61 +3.0%
A count of the properties on which offers have been accepted in a given month.
165
39
220
52
75
19
October
2,055
528
2,553
637
2,625
650
Year to Date
2011 2012 2013
- 63 5%+ 33 3%65 9%+ 33 3% + 20 6%+ 2 8%+ 24 2% + 2 0%
2011 2012 2013 2011 2012 2013 2011 2012 2013
1 2% 0 5% + 3 3%+ 77 3%12 Month Avg 248 +5.2% 61 +3.0%
Historical Pending Sales by Month
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Single Family Townhouse-Condo
0
100
200
300
400
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2011 2012 2013
- 63.5%+ 33.3%- 65.9%+ 33.3% + 20.6%+ 2.8%+ 24.2% + 2.0%
2011 2012 2013 2011 2012 2013 2011 2012 2013
- 1.2% - 0.5% + 3.3%+ 77.3%
Sold Listings
Sold ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 217 +29.9% 50 +51.5%
Dec-2012 175 +1.7% 49 +22.5%
Jan-2013 168 +54.1% 34 -15.0%
Feb-2013 184 +52.1% 40 +73.9%
Mar-2013 266 +16.2% 51 0.0%
Apr-2013 283 +16.9% 66 +46.7%
May-2013 327 +10.1% 101 +31.2%
Jun-2013 329 +1.2% 89 -5.3%
Jul-2013 394 +23.5% 92 +13.6%
Aug-2013 341 +14.8% 79 -8.1%
Sep-2013 244 -2.4% 80 +37.9%
Oct-2013 257 +13.2% 44 -10.2%
12-Month Avg 265 +15.6% 65 +14.5%
A count of the actual sales that closed in a given month.
170
41
227
49
257
44
October
1,966
518
2,416
604
2,793
676
Year to Date
2011 2012 2013
- 10 2%+ 19 5%+ 13 2%+ 33 5% + 16 6%+ 15 6%+ 22 9% + 11 9%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 11 8% 1 8% + 3 4%+ 36 7%12 Month Avg 265 +15.6% 65 +14.5%
Historical Sold Listings by Month
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Single Family Townhouse-Condo
0
100
200
300
400
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2011 2012 2013
- 10.2%+ 19.5%+ 13.2%+ 33.5% + 16.6%+ 15.6%+ 22.9% + 11.9%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 11.8% - 1.8% + 3.4%+ 36.7%
Median Sales Price
Median Sales PriceSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 $252,000 +2.9% $166,500 -1.9%
Dec-2012 $245,000 +4.4% $170,000 +8.0%
Jan-2013 $251,547 +6.1% $181,450 +12.0%
Feb-2013 $245,013 +6.5% $146,700 -6.0%
Mar-2013 $255,000 +3.2% $162,500 +9.8%
Apr-2013 $260,900 +6.5% $159,700 +20.1%
May-2013 $265,000 +11.8% $157,500 -1.6%
Jun-2013 $274,000 +9.6% $178,000 +21.1%
Jul-2013 $272,500 +9.9% $158,050 +2.3%
Aug-2013 $269,000 +5.5% $168,000 +15.5%
Sep-2013 $261,250 +4.7% $194,250 +31.7%
Oct-2013 $255,000 +4.1% $159,000 -3.8%
12-Month Avg* $260,000 +6.1% $167,900 +8.7%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$236,545
$132,000
$245,000
$165,200
$255,000
$159,000
October
$237,000
$152,438
$245,439
$152,250
$262,000
$167,700
Year to Date
2011 2012 2013
- 3 8%+ 25 2%+ 4 1%+ 3 6% 0 1%+ 6 7%+ 3 6% + 10 1%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 5 1% + 3 0% 0 4%- 15 9%12 Month Avg $260,000 +6.1% $167,900 +8.7%
Historical Median Sales Price by Month* Median Sales Price for all properties from November 2012 through October 2013. This is not the average of the individual figures above.
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Single Family Townhouse-Condo
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2011 2012 2013
- 3.8%+ 25.2%+ 4.1%+ 3.6% - 0.1%+ 6.7%+ 3.6% + 10.1%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 5.1% + 3.0% - 0.4%- 15.9%
Average Sales Price
Average Sales Price
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 $280,422 +1.1% $170,797 +0.6%
Dec-2012 $293,913 +7.7% $188,573 +20.4%
Jan-2013 $288,900 +7.9% $186,919 +11.2%
Feb-2013 $291,269 +16.8% $161,529 +11.3%
Mar-2013 $283,336 -1.9% $173,616 +4.1%
Apr-2013 $288,650 +4.3% $163,762 +7.7%
May-2013 $292,479 +8.6% $175,311 +5.8%
Jun-2013 $310,365 +6.1% $196,625 +20.0%
Jul-2013 $317,467 +13.1% $166,129 +5.0%
Aug-2013 $302,757 +4.4% $172,394 +11.6%
Sep-2013 $305,979 +6.2% $203,246 +28.5%
Oct-2013 $302,007 +6.3% $164,922 -13.0%
12-Month Avg* $298,210 +6.3% $177,915 +9.5%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$276,679
$138,895
$284,162
$189,530
$302,007
$164,922
October
2011 2012 2013
- 13 0%+ 36 5%+ 6 3%+ 2 7%2011 2012 2013
+ 7 1% - 20 1%
$273,259
$154,797
$281,359
$162,474
$299,862
$177,669
Year to Date
+ 9 4%+ 5 0%2011 2012 2013 2011 2012 2013
+ 6 6%+ 3 0%+ 2 9% 1 8%12 Month Avg $298,210 +6.3% $177,915 +9.5%
Historical Average Sales Price by Month* Average Sales Price for all properties from November 2012 through October 2013. This is not the average of the individual figures above.
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Single Family Townhouse-Condo
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
2011 2012 2013
- 13.0%+ 36.5%+ 6.3%+ 2.7%2011 2012 2013
+ 7.1% - 20.1%
Single Family Townhouse-Condo
+ 9.4%+ 5.0%2011 2012 2013 2011 2012 2013
+ 6.6%+ 3.0%+ 2.9% - 1.8%
Percent of List Price Received
Pct. of List Price Received
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 98.2% +1.2% 98.1% +0.8%
Dec-2012 97.4% -0.9% 97.9% +0.7%
Jan-2013 97.9% +0.1% 98.4% +2.8%
Feb-2013 98.1% -0.2% 98.4% +3.6%
Mar-2013 98.9% +0.7% 98.9% +0.7%
Apr-2013 99.0% +1.1% 98.9% +1.5%
May-2013 99.2% +0.7% 99.1% +1.1%
Jun-2013 99.3% +0.6% 99.1% +1.0%
Jul-2013 99.1% +0.2% 99.5% +1.4%
Aug-2013 99.0% +0.8% 99.1% +0.8%
Sep-2013 99.1% +0.9% 99.6% +1.3%
Oct-2013 98.7% +0.4% 98.4% +0.4%
12-Month Avg* 98.3% +0.5% 97.7% +1.2%
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.
97.9% 96.6%98.3% 98.0%98.7% 98.4%
October
97.6% 97.4%98.4% 97.8%98.9% 99.1%
Year to Date
2011 2012 2013
+ 0 4%+ 1 4%+ 0 4%+ 0 4% + 0 4%+ 0 5%+ 0 8% + 1 3%2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 1 8% + 0 2% 0 1%- 1 0%12 Month Avg 98.3% +0.5% 97.7% +1.2%
Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from November 2012 through October 2013. This is not the average of the individual figures above.
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Single Family Townhouse-Condo
94%
95%
96%
97%
98%
99%
100%
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2011 2012 2013
+ 0.4%+ 1.4%+ 0.4%+ 0.4% + 0.4%+ 0.5%+ 0.8% + 1.3%2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 1.8% + 0.2% - 0.1%- 1.0%
Days on Market Until Sale
Days on MarketSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 106 -8.6% 60 -50.0%
Dec-2012 107 -10.8% 79 -47.0%
Jan-2013 104 -25.2% 83 -43.5%
Feb-2013 117 -8.6% 123 -12.8%
Mar-2013 84 -35.4% 73 -25.5%
Apr-2013 83 -25.9% 68 -19.0%
May-2013 71 -22.8% 77 -1.3%
Jun-2013 76 -18.3% 63 -25.0%
Jul-2013 71 -14.5% 58 -36.3%
Aug-2013 78 -19.6% 64 -12.3%
Sep-2013 67 -28.0% 92 +3.4%
Oct-2013 80 -24.5% 55 -50.9%
12-Month Avg 84 -19.8% 73 -25.3%
Average number of days between when a property is listed and when an offer is accepted in a given month.
117
101106
112
80
55
October
113122
10293
8073
Year to Date
2011 2012 2013
- 50 9%+ 10 9%24 5%9 4% 23 8%21 6%9 7% 21 5%
2011 2012 2013 2011 2012 2013 2011 2012 2013
5 6% + 3 7% + 1 7%- 29 9%12 Month Avg 84 19.8% 73 25.3%
Historical Days on Market Until Sale by Month* Days on Market for all properties from November 2012 through October 2013. This is not the average of the individual figures above.
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Single Family Townhouse-Condo
50
75
100
125
150
175
200
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
Single Family Townhouse-Condo
2011 2012 2013
- 50.9%+ 10.9%- 24.5%- 9.4% - 23.8%- 21.6%- 9.7% - 21.5%
2011 2012 2013 2011 2012 2013 2011 2012 2013
- 5.6% + 3.7% + 1.7%- 29.9%
Housing Affordability Index
Affordability IndexSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Nov-2012 150 +4.2% 211 +7.7%
Dec-2012 155 +3.3% 209 +0.5%
Jan-2013 152 +2.0% 200 -2.0%
Feb-2013 152 -1.3% 231 +9.0%
Mar-2013 147 +2.8% 213 -2.7%
Apr-2013 146 -0.7% 219 -9.5%
May-2013 139 -9.2% 215 +1.4%
Jun-2013 127 -13.6% 184 -18.9%
Jul-2013 129 -14.0% 204 -7.7%
Aug-2013 129 -11.6% 192 -16.9%
Sep-2013 134 -11.3% 173 -25.4%
Oct-2013 137 -10.5% 204 -3.3%
12-Month Avg 141 -8.0% 149 -6.5%
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.
147
237
153
211
137
204
October
2011 2012 2013
3 3%11 0%10 5%+ 4 1%2011 2012 2013
+ 1 4% + 20 9%
147
212
152
226
134
195
Year to Date
13 7%+ 6 6%11 8%+ 3 4%+ 2 8% + 6 0%2011 2012 2013 2011 2012 2013 12 Month Avg 141 8.0% 149 6.5%
Historical Housing Affordability Index by Month
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single Family Townhouse-Condo
120
140
160
180
200
220
240
260
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
2011 2012 2013
- 3.3%- 11.0%- 10.5%+ 4.1%2011 2012 2013
+ 1.4% + 20.9%
Single Family Townhouse-Condo
- 13.7%+ 6.6%- 11.8%+ 3.4%+ 2.8% + 6.0%2011 2012 2013 2011 2012 2013
All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 10-2012 10-2013 Percent Change YTD-2012 YTD-2013 Percent Change
+ 9.2%
Pending Sales 272 94 - 65.4% 637 650 + 2.0%
New Listings 331 297 - 10.3% 4,046 4,417
Under Contract Not enough historical data for chart -- -- -- -- -- --
Sold Listings 276 301 + 9.1% 3,020 3,469 + 14.9%
Median Sales Price $229,950 $237,395 + 3.2% $225,938 $243,167 + 7.6%
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
+ 7.2%
Pct. of List Price Received 98.3% 98.6% + 0.6% 98.3% 98.9% + 0.6%
Average Sales Price $267,362 $281,968 + 7.2% $257,582 $276,043
Days on Market 107 76 - 21.0% 100 79 - 21.0%
Affordability Index 1,035 1,033 - 1.7% 972 956 - 1.7%
-- --
Current as of November 11, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
-- --
Months Supply Not enough historical data for chart -- 3.4 -- --
Active Listings Not enough historical data for chart -- 1,132 -- --
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
10-2010 10-2011 10-2012 10-2013
Glossary of Terms
New Listings
Pending Sales
Under Contract Activity
Sold Listings
Median Sales Price 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.
Average Sales Price
Percent of List Price Received
Days on Market Until Sale
Housing Affordability Index
Active Listings
Months Supply of Inventory
Current as of October 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13
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 sum of all home sales prices divided by total number of sales.
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.