real estate market activity 01-24-2011

8/7/2019 Real Estate Market Activity 01-24-2011

http://slidepdf.com/reader/full/real-estate-market-activity-01-24-2011 1/8

. . . . . . . . . 2

Publish Date: January 24, 2011Weekly Activity

Pending Sales . . . . . . . . . 3

The week ending January 15 marked the 11th consecutive week of year-

over-year gains in buyer activity for the MRIS region. Pending Sales were

up 14.7 percent from a year prior to 2,040 purchase agreements signed.

Over the same period, New Listings were down 15.9 percent to 3,065 new

New Listings

Active Listings

Days on Market Until Sale

Most Recent Month

. . . . . . . . . 8

Percent of Original List Price Received at Sale

. . . . . . . . . 5

Months Supply of Inventory

Housing Affordability Index

. . . . . . . . . 4

properties.

The total number of Active Listings continued its descent, falling 4.5

percent from year-ago levels. That's the fifth consecutive week of inventory

drops and may be attributed to strong purchase demand coupled with slow

listing activity.

Although December's monthly figures show slight growth in Months Supply

of Inventory, the figure stands at 6.8 months – just outside the ideal five to

six range. That's only one additional month of supply than the 5.8 monthsseen in December 2006.

Market times were up from December 2009 by six days to register in at 91

days for December 2010. Sellers, on average, received about 92.0 percent

of their original list price – which is on par with December 2007 levels.. . . . . . . . . 7

. . . . . . . . . 6

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 1/24/2011. This report may be reproduced by MRIS members. 1



New ListingsAs of January 24, 2011

Last Three Months Weekly New Listings

3,187 3,633 - 12.3%

3,261 3,245 + 0.5%

3,179 3,324 - 4.4%

3,168 3,274 - 3.2%

2,880 3,020 - 4.6%

1,775 1,931 - 8.1%2,893 2,978 - 2.9%

2,660 2,789 - 4.6%

2,345 2,209 + 6.2%

1,654 1,295 + 27.7%

1,597 1,875 - 14.8%

3,155 3,400 - 7.2%

3,065 3,644 - 15.9%

34,819 36,617 - 4.9%3-Month Total:

1/15/2011

1/8/2011

11/20/2010

11/27/201012/4/2010

12/11/2010

12/18/2010

12/25/2010

1/1/2011

10/30/2010

11/6/2010

11/13/2010

For the week

ending:

10/23/2010

One Year

Ago

One Year

Change

Current

Activity

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Current Activity

One Year Ago

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11

Current Activity

One Year Ago

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10 7/26/10 11/23/10

Historical New Listings

Compared to Last Year: Down (-)

Compared to 2003: Down (-)





Pending SalesAs of January 24, 2011

Last Three Months Weekly Pending Sales

1,872 2,144 - 12.7%

1,889 2,164 - 12.7%

2,040 1,866 + 9.3%

1,970 1,798 + 9.6%

2,096 1,831 + 14.5%

1,336 1,290 + 3.6%

1,809 1,709 + 5.9%

1,761 1,559 + 13.0%

1,801 1,472 + 22.4%

1,391 926 + 50.2%

1,269 1,047 + 21.2%

1,703 1,449 + 17.5%

2,040 1,779 + 14.7%

22,977 21,034 + 9.2%

12/18/2010

10/23/2010

12/25/2010

1/1/2011

For the week

ending:

Current

Activity

One Year

Ago

One Year

Change

3-Month Total:

10/30/2010

1/15/2011

1/8/2011

11/20/2010

11/27/2010

11/6/2010

11/13/2010

12/4/2010

12/11/2010

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

Current Activity

One Year Ago

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11

Current Activity

One Year Ago

0

1,000

2,000

3,000

4,000

5,000

1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10 7/26/10 11/23/10

Historical Pending Sales

Up (+)

Down (-)

Compared to Last Year:

Compared to 2003:





Active Listings for SaleAs of January 24, 2011

Last Three Months Weekly Inventory for Sale

67,896 64,882 + 4.6%

67,451 64,658 + 4.3%

67,005 64,626 + 3.7%

65,385 63,219 + 3.4%

64,766 63,131 + 2.6%

64,035 62,812 + 1.9%63,030 62,393 + 1.0%

62,252 61,180 + 1.8%

60,732 60,676 + 0.1%

59,846 60,111 - 0.4%

58,579 59,307 - 1.2%

57,922 58,980 - 1.8%

54,578 56,355 - 3.2%

54,241 56,822 - 4.5%

11/6/2010

One Year

Change

12/4/2010

1/1/2011

10/30/2010

11/27/2010

12/11/2010

12/18/2010

11/13/2010

1/8/2011

12/25/2010

1/15/2011

11/20/2010

10/23/2010

Inventory as of:Current

Inventory

One Year

Ago

10/16/2010

52,500

55,000

57,500

60,000

62,500

65,000

67,500

70,000

Current Inventory

One Year Ago

61,525 61,098 + 0.7%3-Month Avg:52,500

55,000

57,500

60,000

62,500

65,000

67,500

70,000

10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11

Current Inventory

One Year Ago

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

1/11/03 5/11/03 9/8/03 1/6/04 5/5/04 9/2/04 12/31/04 4/30/05 8/28/05 12/26/05 4/25/06 8/23/06 12/21/06 4/20/07 8/18/07 12/16/07 4/14/08 8/12/08 12/10/08 4/9/09 8/7/09 12/5/09 4/4/10 8/2/10 11/30/10

Historical Weekly Inventory for Sale

Even

Down (-)


Compared to 2003:





Days on Market Until Sale

86 124 - 31.0%

86 123 - 29.9%

85 119 - 28.7%

78 110 - 29.4%

74 108 - 31.2%

73 100 - 27.7%71 95 - 24.7%

76 92 - 17.2%

82 91 - 10.1%

83 90 - 7.3%

86 84 + 2.1%

91 85 + 6.5%

81 102 - 20.5%

2-2010

4-2010

3-2010

1-2010

Current

Year

One Year

Previous

One Year

ChangeMonth

5-2010

6-2010

12-Month Avg:

12-2010

8-2010

9-2010

10-2010

11-2010

7-2010

112

8591

12-2008 12-2009 12-2010

December 2010 — 91

+ 6.5%- 23.9%

U +Com ared to Last Year:

112

8591

12-2008 12-2009 12-2010

0

20

40

60

80

100

120

140

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010


+ 6.5%- 23.9%

Historical Days on Market Until Sale

Up (+)

Up (+)


Compared to 2003:





Percent of Original List Price Received at Sale

93.6% 90.2% + 3.8%

93.9% 90.0% + 4.4%

94.2% 90.4% + 4.1%

94.6% 91.3% + 3.7%

94.9% 92.2% + 2.9%

94.7% 92.9% + 2.0%

94.3% 93.4% + 0.9%

93.6% 93.8% - 0.3%

92.9% 94.1% - 1.2%

92.8% 94.1% - 1.4%

92.5% 94.4% - 2.1%

91.9% 93.9% - 2.1%

93.7% 92.6% + 1.2%

5-2010

6-2010

12-Month Avg:

12-2010

8-2010

9-2010

10-2010

11-2010

7-2010

2-2010

4-2010

3-2010

1-2010

Current

Year

One Year

Previous

One Year

ChangeMonth

90.9%

93.9%

91.9%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

12-2008 12-2009 12-2010

December 2010 — 91.9%

- 2.1%+ 3.3%

Does not account for list prices from any previouslisting contracts or seller concessions.

Historical Percent of Original List Price Received at Sale

90.9%

93.9%

91.9%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

12-2008 12-2009 12-2010

88%

90%

92%

94%

96%

98%

100%

102%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

December 2010 — 91.9%

- 2.1%+ 3.3%

Down (-)

Down (-)

Does not account for list prices from any previouslisting contracts or seller concessions.


Compared to 2003:





Housing Affordability Index

152 152 + 0.2%

149 155 - 4.4%

149 146 + 2.2%

144 146 - 1.6%

139 136 + 1.8%

132 131 + 1.3%

131 131 + 0.4%

135 134 + 0.5%

143 141 + 1.0%

144 144 - 0.3%

145 147 - 1.5%

148 144 + 2.5%

142 142 + 0.1%

5-2010

6-2010

12-Month Avg:

12-2010

8-2010

9-2010

10-2010

11-2010

7-2010

2-2010

4-2010

3-2010

1-2010

Current

Year

One Year

Previous

One Year

ChangeMonth146 144 148

12-2008 12-2009 12-2010


+ 2.5%+ 27.7%

The Housin Affordabilit Index measureshousin affordabilit for the MRIS service

Historical Housing Affordability Index

146 144 148

12-2008 12-2009 12-2010

90

100

110

120

130

140

150

160

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010


+ 2.5%+ 27.7%

Even

Up (+)

The Housing Affordability Index measures housing affordability for the MRIS serviceregion. The higher the number, the more affordable our housing is.

An HAI of 120 would mean that the median household income was 120% of thenecessary income to qualify for the median priced home under prevailing interest rates.


Compared to 2003:





Months Supply of Inventory

6.1 8.3 - 26.7%

6.1 8.2 - 24.9%

6.2 8.2 - 24.2%

6.6 8.1 - 19.5%

6.6 8.1 - 18.2%

7.0 8.0 - 11.7%

7.3 7.7 - 6.3%

7.5 7.6 - 1.2%

7.5 7.3 + 1.9%

7.6 7.2 + 5.6%

7.4 6.9 + 7.6%

6.8 6.5 + 3.4%

6.9 7.7 - 10.3%

2-2010

4-2010

1-2010

Current

Year

One Year

Previous

One Year

Change

3-2010

Month

5-2010

6-2010

12-Month Avg:

12-2010

8-2010

9-2010

10-2010

11-2010

7-2010

9.1

6.5 6.8

12-2008 12-2009 12-2010

December 2010 — 6.8 Months

+ 3.4%- 28.2%

Historical Months Supply of Inventory

9.1

6.5 6.8

12-2008 12-2009 12-2010

0

2

4

6

8

10

12

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

December 2010 — 6.8 Months

+ 3.4%- 28.2%

Up (+)

Up (+)


Compared to 2003:



real estate market activity 01-24-2011

Documents