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Content © 2016 Colorado Association of REALTORS®

Single Family and Townhouse-CondoNovember 2016

Statewide Report

Total Market Overview Report November 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Statewide Report

Key Metrics Historical Sparkbars 11-2015 11-2016 Percent Change YTD-2015 YTD-2016 Percent Change

131,946New Listings 7,127 7,531 + 5.7%

Pending / Under Contract 7,512 8,308 + 10.6% 107,109 109,458 + 2.2%

130,734 - 0.9%

+ 2.5%

+ 8.8%

+ 6.0%

+ 0.1%

Sold Listings 7,394 8,980 + 21.4% 101,625 104,192

$377,096

$310,000

99.5%

Median Sales Price $285,000 $315,000 + 10.5% $284,900

Average Sales Price $364,914 $386,129 + 5.8% $355,604

Percent of List Price Received 98.6% 98.8% + 0.2% 99.4%

Days on Market Until Sale 60 55

--

- 10.3%

Housing Affordability Index 127 113 - 11.0% 127

- 8.3% 58 52

- 9.4%

-- --

115

Current as of December 5, 2016. Percent changes calculated using year-over-year comparisons. All data from the multiple listing services in the state of Colorado. Report © 2016 ShowingTime. | 1

Months Supply of Inventory 3.3 2.2 - 33.3% -- -- --

Inventory of Active Listings 30,483 20,446 - 32.9%

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

Single Family Market Overview November 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Statewide Report


- 8.5%

--

- 13.6%

77,030 + 3.4%

+ 8.8%

$401,305 + 5.5%

$335,000

+ 0.1%

+ 2.8%

- 0.6%

80,851

98,032New Listings 5,153 5,576 + 8.2% 98,651

+ 24.2% 74,499

Pending / Under Contract 5,469 6,099 + 11.5% 78,669

Sold Listings 5,344 6,636

Average Sales Price $381,276 $411,179

Median Sales Price $307,385 $335,000



Days on Market Until Sale 60 55 - 8.3% 59

+ 9.0% $308,000

- 32.1% --

51

+ 7.8% $380,255

99.4%

--

107



Inventory of Active Listings 23,052 15,645

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

Townhouse-Condo Market Overview November 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Statewide Report


New Listings 1,718 1,720 + 0.1% 29,340

Pending / Under Contract 1,832 2,028 + 10.7% 25,602 25,401 - 0.8%

28,353 - 3.4%

- 1.1%

+ 12.1%

+ 7.5%

+ 0.2%

Sold Listings 1,848 2,093 + 13.3% 24,374 24,101

$317,860

$245,000

100.0%

Median Sales Price $230,000 $255,000 + 10.9% $218,500

Average Sales Price $332,125 $324,672 - 2.2% $295,656


Days on Market Until Sale 55 50


--

- 8.0%- 9.1% 50 46

- 11.5%

-- --

146



Inventory of Active Listings 5,249 3,639 - 30.7%

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

10-2015 2-2016 6-2016 10-2016

New Listings November 2016Statewide Report

New ListingsSingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 3,883 +0.8% -24.6% 1,254 -3.5% -27.0%

Jan-2016 6,068 -0.0% +56.3% 1,840 -4.5% +46.7%

Feb-2016 6,787 -1.7% +11.8% 2,030 +1.8% +10.3%

Mar-2016 9,306 +1.0% +37.1% 2,600 -7.5% +28.1%

Apr-2016 10,489 -4.4% +12.7% 2,857 -8.5% +9.9%

May-2016 11,145 +0.2% +6.3% 3,091 -5.8% +8.2%

Jun-2016 12,218 +6.2% +9.6% 3,327 +0.7% +7.6%

Jul-2016 10,928 -5.8% -10.6% 3,149 -4.3% -5.4%

Aug-2016 9,898 +2.0% -9.4% 2,953 +0.4% -6.2%

Sep-2016 8,541 -0.2% -13.7% 2,591 +1.2% -12.3%

Oct-2016 7,076 -9.8% -17.2% 2,195 -8.3% -15.3%

Nov-2016 5,576 +8.2% -21.2% 1,720 +0.1% -21.6%

Historical New Listings by Month


4,711

1,435

5,153

1,718

5,576

1,720

Single Family Townhouse-Condo

November

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

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 1-2016 5-2016 9-2016


94,452

26,894

98,651

29,340

98,032

28,353


Year to Date

+ 9.4% + 8.2%Nov-16Nov-15Nov-16Nov-15 Nov-15Nov-16Nov-15 Nov-16

+ 19.7% + 0.1% + 4.4% - 0.6% + 9.1% - 3.4%Nov-14 Nov-14 Nov-14Nov-14

+ 15.4%- 4.5%+ 0.4%- 10.6%

Pending / Under Contract November 2016Statewide Report

Pending / Under Contract

SingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 4,200 +5.3% -23.2% 1,340 -1.5% -26.9%

Jan-2016 5,482 +9.4% +30.5% 1,684 +4.7% +25.7%

Feb-2016 6,147 +5.0% +12.1% 1,875 +3.0% +11.3%

Mar-2016 7,510 -1.4% +22.2% 2,195 -7.9% +17.1%

Apr-2016 8,194 +1.5% +9.1% 2,339 -7.3% +6.6%

May-2016 8,561 +1.7% +4.5% 2,554 -2.7% +9.2%

Jun-2016 8,298 +0.7% -3.1% 2,599 -3.2% +1.8%

Jul-2016 8,150 +0.8% -1.8% 2,653 +0.9% +2.1%

Aug-2016 8,096 +2.7% -0.7% 2,731 +2.2% +2.9%

Sep-2016 7,122 -2.3% -12.0% 2,379 -3.4% -12.9%

Oct-2016 7,192 +6.9% +1.0% 2,364 +0.1% -0.6%

Nov-2016 6,099 +11.5% -15.2% 2,028 +10.7% -14.2%

Historical Pending / Under Contract by Month


4,900

1,627

5,469

1,832

6,099

2,028


November

0

2,000

4,000

6,000

8,000

10,000

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 1-2016 5-2016 9-2016


71,770

22,739

78,669

25,602

80,851

25,401


Year to Date


+ 12.6% + 10.7% + 9.6% + 2.8% + 12.6% - 0.8%Nov-14 Nov-14 Nov-14Nov-14

+ 24.8%- 1.7%+ 30.7%+ 3.0%

Sold Listings November 2016Statewide Report

Sold ListingsSingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 6,588 +13.9% +23.3% 2,140 +10.7% +15.8%

Jan-2016 4,466 +16.9% -32.2% 1,375 +9.5% -35.7%

Feb-2016 4,685 +7.4% +4.9% 1,532 +5.2% +11.4%

Mar-2016 6,369 +1.6% +35.9% 1,948 -3.3% +27.2%

Apr-2016 6,947 -0.2% +9.1% 2,125 -1.4% +9.1%

May-2016 7,967 +3.6% +14.7% 2,384 -1.6% +12.2%

Jun-2016 8,760 -0.8% +10.0% 2,483 -10.7% +4.2%

Jul-2016 8,017 -6.4% -8.5% 2,467 -12.2% -0.6%

Aug-2016 8,295 +3.3% +3.5% 2,745 +6.0% +11.3%

Sep-2016 7,773 +2.7% -6.3% 2,582 -1.9% -5.9%

Oct-2016 7,115 +0.9% -8.5% 2,367 -1.7% -8.3%

Nov-2016 6,636 +24.2% -6.7% 2,093 +13.3% -11.6%

Historical Sold Listings by Month


5,349

1,764

5,344

1,848

6,636

2,093


November

0

2,000

4,000

6,000

8,000

10,000

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 1-2016 5-2016 9-2016


70,126

21,838

74,499

24,374

77,030

24,101


Year to Date

Nov-16Nov-15Nov-16Nov-15 Nov-15Nov-16Nov-15 Nov-16Nov-14 Nov-14 Nov-14Nov-14

- 0.1% + 24.2% + 4.8% + 13.3% + 6.2% + 3.4% + 11.6% - 1.1%+ 22.5%- 2.2%+ 26.3%+ 1.0%

Median Sales Price November 2016Statewide Report

Median Sales Price

SingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 $309,900 +8.7% +0.8% $228,000 +14.6% -0.9%

Jan-2016 $304,000 +8.6% -1.9% $224,900 +15.0% -1.4%

Feb-2016 $315,000 +9.0% +3.6% $230,000 +15.0% +2.3%

Mar-2016 $324,955 +8.3% +3.2% $240,000 +12.7% +4.3%

Apr-2016 $329,320 +8.0% +1.3% $240,000 +11.6% 0.0%

May-2016 $339,900 +7.9% +3.2% $246,000 +10.9% +2.5%

Jun-2016 $349,850 +9.3% +2.9% $250,000 +13.6% +1.6%

Jul-2016 $340,000 +7.9% -2.8% $240,250 +10.7% -3.9%

Aug-2016 $340,000 +9.7% 0.0% $247,000 +11.9% +2.8%

Sep-2016 $335,710 +10.1% -1.3% $252,438 +13.5% +2.2%

Oct-2016 $338,000 +9.7% +0.7% $251,000 +13.0% -0.6%

Nov-2016 $335,000 +9.0% -0.9% $255,000 +10.9% +1.6%

Historical Median Sales Price by Month


$279,900

$199,900

$307,385

$230,000

$335,000

$255,000


November

$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 1-2016 5-2016 9-2016


$275,000

$190,000

$308,000

$218,500

$335,000

$245,000


Year to Date

Nov-16Nov-15Nov-16Nov-15 Nov-15Nov-16Nov-15 Nov-16Nov-14 Nov-14 Nov-14Nov-14

+ 9.8% + 9.0% + 15.1% + 10.9% + 12.0% + 8.8% + 15.0% + 12.1%+ 9.5%+ 7.1%+ 16.2%+ 12.0%

Average Sales Price November 2016Statewide Report

Average Sales Price

SingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 $390,932 +7.4% +2.5% $316,772 +6.4% -4.6%

Jan-2016 $362,454 +0.1% -7.3% $310,619 +1.0% -1.9%

Feb-2016 $374,978 +6.0% +3.5% $317,288 +2.4% +2.1%

Mar-2016 $384,652 +4.6% +2.6% $319,619 +8.0% +0.7%

Apr-2016 $391,816 +2.3% +1.9% $320,226 +10.8% +0.2%

May-2016 $399,740 +4.0% +2.0% $315,730 +6.4% -1.4%

Jun-2016 $420,456 +8.3% +5.2% $314,032 +11.2% -0.5%

Jul-2016 $404,204 +5.5% -3.9% $300,414 +8.4% -4.3%

Aug-2016 $410,973 +7.3% +1.7% $313,675 +13.3% +4.4%

Sep-2016 $415,236 +6.3% +1.0% $335,897 +11.8% +7.1%

Oct-2016 $406,414 +6.5% -2.1% $322,341 +4.1% -4.0%

Nov-2016 $411,179 +7.8% +1.2% $324,672 -2.2% +0.7%

Historical Average Sales Price by Month


$351,013

$287,154

$381,276

$332,125

$411,179

$324,672


November

$100,000

$200,000

$300,000

$400,000

$500,000

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 1-2016 5-2016 9-2016


$347,152

$271,903

$380,255

$295,656

$401,305

$317,860


Year to Date


+ 15.7% - 2.2% + 9.5% + 5.5% + 8.7% + 7.5%Nov-14 Nov-14 Nov-14Nov-14

+ 9.7%+ 7.2%+ 13.8%+ 6.3%

Percent of List Price Received November 2016Statewide Report

Pct. of List Price Received

SingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 98.4% +0.3% -0.2% 98.8% +0.4% 0.0%

Jan-2016 98.5% +0.2% +0.1% 98.8% +0.3% 0.0%

Feb-2016 98.8% +0.1% +0.3% 99.5% +0.3% +0.7%

Mar-2016 99.4% +0.2% +0.6% 100.3% +0.6% +0.8%

Apr-2016 99.8% +0.1% +0.4% 100.5% +0.1% +0.2%

May-2016 100.1% +0.2% +0.3% 100.8% +0.4% +0.3%

Jun-2016 100.1% +0.1% 0.0% 100.8% +0.2% 0.0%

Jul-2016 99.8% +0.1% -0.3% 100.4% 0.0% -0.4%

Aug-2016 99.3% -0.1% -0.5% 100.0% 0.0% -0.4%

Sep-2016 98.9% -0.1% -0.4% 99.6% +0.2% -0.4%

Oct-2016 98.9% +0.2% 0.0% 99.2% 0.0% -0.4%

Nov-2016 98.7% +0.1% -0.2% 99.2% +0.4% 0.0%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from December 2015 through November 2016. This is not the average of the individual figures above.


94%

95%

96%

97%

98%

99%

100%

101%

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 1-2016 5-2016 9-2016


98.3% 98.3%98.6% 98.8%98.7% 99.2%


November

98.6% 98.5%99.3% 99.8%99.4% 100.0%


Year to Date

+ 0.2%+ 0.4%+ 0.5%+ 0.8%+ 0.3% + 0.1%+ 0.3% + 1.3%+ 0.5%+ 0.1%+ 0.7%+ 0.1%Nov-14 Nov-15 Nov-16 Nov-14 Nov-15 Nov-16 Nov-14 Nov-15 Nov-16 Nov-14 Nov-15 Nov-16

Days on Market Until Sale November 2016Average

b fStatewide Report

Days on Market Until Sale

SingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 63 -16.0% +5.0% 56 -21.1% +1.8%

Jan-2016 68 -12.8% +7.9% 58 -12.1% +3.6%

Feb-2016 65 -14.5% -4.4% 50 -25.4% -13.8%

Mar-2016 58 -17.1% -10.8% 52 -10.3% +4.0%

Apr-2016 54 -12.9% -6.9% 45 -8.2% -13.5%

May-2016 49 -12.5% -9.3% 39 -15.2% -13.3%

Jun-2016 44 -13.7% -10.2% 41 -4.7% +5.1%

Jul-2016 41 -18.0% -6.8% 38 0.0% -7.3%

Aug-2016 45 -15.1% +9.8% 44 +2.3% +15.8%

Sep-2016 51 -7.3% +13.3% 46 -8.0% +4.5%

Oct-2016 52 -11.9% +2.0% 48 -17.2% +4.3%

Nov-2016 55 -8.3% +5.8% 50 -9.1% +4.2%

Historical Days on Market Until Sale by Month* Days on Market for all properties from December 2015 through November 2016. This is not the average of the individual figures above.


6864

605555

50


November

20

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 1-2016 5-2016 9-2016


656059

505146


Year to Date

- 11.8% - 8.3%Nov-16Nov-15Nov-16Nov-15 Nov-15Nov-16Nov-15 Nov-16

- 14.1% - 9.1% - 9.2% - 13.6% - 16.7% - 8.0%Nov-14 Nov-14 Nov-14Nov-14

- 21.1%- 4.4%- 17.9%- 5.6%

Housing Affordability Index November 2016Statewide Report

Housing Affordability Index

SingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 117 -4.9% 0.0% 159 -9.7% +1.3%

Jan-2016 117 -11.4% 0.0% 158 -16.4% -0.6%

Feb-2016 117 -8.6% 0.0% 160 -13.5% +1.3%

Mar-2016 112 -8.2% -4.3% 152 -11.1% -5.0%

Apr-2016 111 -8.3% -0.9% 152 -11.1% 0.0%

May-2016 108 -7.7% -2.7% 149 -10.8% -2.0%

Jun-2016 106 -6.2% -1.9% 149 -9.7% 0.0%

Jul-2016 109 -3.5% +2.8% 155 -6.1% +4.0%

Aug-2016 109 -6.0% 0.0% 151 -7.4% -2.6%

Sep-2016 111 -6.7% +1.8% 147 -10.4% -2.6%

Oct-2016 111 -5.9% 0.0% 150 -8.5% +2.0%

Nov-2016 107 -8.5% -3.6% 140 -10.8% -6.7%

Historical Housing Affordability Index by Month


124

173

117

157

107

140


November

126

182

117

165

107

146


Year to Date

100

125

150

175

200

225

250

275

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 1-2016 5-2016 9-2016


- 5.6% - 8.5%Nov-16Nov-15Nov-16Nov-15

- 9.2% - 10.8%Nov-14 Nov-14

- 7.1% - 8.5%Nov-16Nov-15Nov-16Nov-15

- 9.3% - 11.5%Nov-14 Nov-14

- 10.3%- 8.0%- 15.6%- 12.1%

Inventory of Active Listings November 2016Statewide Report

Active ListingsSingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 20,500 -8.7% -11.1% 4,779 -10.9% -9.0%

Jan-2016 19,007 -11.1% -7.3% 4,531 -13.8% -5.2%

Feb-2016 18,444 -12.8% -3.0% 4,465 -14.0% -1.5%

Mar-2016 19,076 -10.8% +3.4% 4,615 -13.9% +3.4%

Apr-2016 20,116 -11.8% +5.5% 4,842 -13.3% +4.9%

May-2016 21,359 -11.6% +6.2% 5,070 -14.7% +4.7%

Jun-2016 23,698 -8.5% +11.0% 5,473 -12.5% +7.9%

Jul-2016 24,774 -10.6% +4.5% 5,617 -14.4% +2.6%

Aug-2016 24,494 -11.4% -1.1% 5,405 -16.4% -3.8%

Sep-2016 21,397 -20.3% -12.6% 5,144 -16.4% -4.8%

Oct-2016 18,699 -26.7% -12.6% 4,430 -22.6% -13.9%

Nov-2016 15,645 -32.1% -16.3% 3,639 -30.7% -17.9%

Historical Inventory of Active Listings by Month


25,137

5,897

23,052

5,249

15,645

3,639


November

0

10,000

20,000

30,000

40,000

50,000

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 1-2016 5-2016 9-2016


Nov-16Nov-15Nov-14- 32.1%- 8.3%- 13.7% - 30.7%- 11.0%- 17.1%

Nov-16Nov-15Nov-14

Months Supply of Inventory November 2016Statewide Report

Months SupplySingleFamily

% Change from Prior

Year

% Change from Prior

MonthTownhouse-

Condo

% Change from Prior

Year

% Change from Prior

Month

Dec-2015 3.0 -16.7% -11.8% 2.2 -18.5% -8.3%

Jan-2016 2.8 -17.6% -6.7% 2.0 -23.1% -9.1%

Feb-2016 2.7 -18.2% -3.6% 2.0 -23.1% 0.0%

Mar-2016 2.8 -15.2% +3.7% 2.1 -19.2% +5.0%

Apr-2016 2.9 -17.1% +3.6% 2.2 -18.5% +4.8%

May-2016 3.1 -16.2% +6.9% 2.3 -20.7% +4.5%

Jun-2016 3.5 -12.5% +12.9% 2.5 -16.7% +8.7%

Jul-2016 3.6 -14.3% +2.9% 2.6 -16.1% +4.0%

Aug-2016 3.6 -14.3% 0.0% 2.5 -16.7% -3.8%

Sep-2016 3.1 -22.5% -13.9% 2.4 -14.3% -4.0%

Oct-2016 2.7 -28.9% -12.9% 2.0 -23.1% -16.7%

Nov-2016 2.2 -35.3% -18.5% 1.7 -29.2% -15.0%

Historical Months Supply of Inventory by Month


4.0

3.03.4

2.42.21.7


November

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

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 1-2016 5-2016 9-2016


Nov-16Nov-15Nov-14- 35.3%- 15.0%- 13.0% - 29.2%- 20.0%- 33.3%

Nov-16Nov-15Nov-14

Glossary of Terms November 2016A research tool provided by the Colorado Association of REALTORS®. Statewide Report

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 Market Until SaleA 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.

Inventory of 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 InventoryA 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.


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