August 2014 Activity Snapshot
One-Year Change in One-Year Change in
Single FamilySold Listings
Single FamilyDays On Market
23456789
101112131415
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Monthly Indicators
- 11.9% + 5.1% + 6.9%One-Year Change in
Most local markets continue to recover from a soft patch earlier this year. The macro trend is still positive; the micro trend involves more moderate pinching up and down the month-to-month timeline. This is not uncommon in a balanced market, but it's been so long since we've seen one that we're watching it with perhaps too much trepidation. Metrics to watch include inventory and prices, but also days on market, months' supply and percent of list price received at sale. Declines in pending and closed sales activity may reflect strong decreases at lower price points and may not indicate softening demand.
New Listings were down 14.0 percent for single family homes but increased 18.0 percent for townhouse-condo properties. Pending sales clocked in at 267 for single family homes and 95 for townhouse-condo properties.
The Median Sales Price was up 6.9 percent to $286,500 for single family homes and 4.2 percent to $175,000 for townhouse-condo properties. Months Supply of Inventory stood at 2.6 for single family units and 1.2 months for townhouse-condo units.
Sustained job growth, lower mortgage rates and a slow rise in the number of homes for sale appear to have unleashed at least some pent-up demand. Since housing demand relies heavily on an economy churning out good jobs, it's encouraging to see second quarter GDP growth revised upwards to a 4.2 percent annualized rate and stronger-than-expected job growth in recent months. Further improvements are still needed by way of wage growth and consumer confidence but recovery continues.
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
All Properties Activity Overview
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing.
Townhouse-Condo Activity Overview
Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewSold Listings and Inventory by Price RangeGlossary of Terms
New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received
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 8-2013 8-2014 Percent Change YTD-2013 YTD-2014 Percent Change
-- --
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 2
-- --
Months Supply Not enough historical data for chart -- 2.6 -- --
Active Listings Not enough historical data for chart -- 667 -- --
Affordability Index 123 120 - 2.4% 125 125 0.0%
Pct. of List Price Received 98.9% 99.1% + 0.2% 98.9% 99.2% + 0.3%
Average Sales Price $302,012 $330,295 + 9.4% $297,937 $317,725
Days on Market 78 82 + 5.1% 82 80 - 2.4%
-- --
Sold Listings 344 303 - 11.9% 2,296 2,176 - 5.2%
Median Sales Price $267,950 $286,500 + 6.9% $263,000 $275,000 + 4.6%
+ 6.6%
- 6.9%
Pending Sales 245 267 + 9.0% 2,386 2,387 + 0.0%
New Listings 364 313 - 14.0% 3,087 2,874
Under Contract Not enough historical data for chart -- -- -- --
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
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 8-2013 8-2014 Percent Change YTD-2013 YTD-2014 Percent Change
-- --
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 3
-- --
Months Supply Not enough historical data for chart -- 1.2 -- --
Active Listings Not enough historical data for chart -- 83 -- --
Affordability Index 196 196 0.0% 199 192 - 3.5%
Pct. of List Price Received 99.1% 99.2% + 0.1% 99.0% 99.4% + 0.4%
Average Sales Price $172,394 $188,864 + 9.6% $175,349 $189,653
Days on Market 64 48 - 25.0% 73 59 - 19.2%
-- --
Sold Listings 79 96 + 21.5% 554 566 + 2.2%
Median Sales Price $168,000 $175,000 + 4.2% $165,000 $179,000 + 8.5%
+ 8.2%
+ 6.1%
Pending Sales 79 95 + 20.3% 612 662 + 8.2%
New Listings 89 105 + 18.0% 672 713
Under Contract Not enough historical data for chart -- -- -- --
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
New Listings
New ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 300 +22.4% 61 +5.2%
Oct-2013 254 -3.4% 46 -31.3%
Nov-2013 199 +2.6% 45 -6.3%
Dec-2013 143 +3.6% 32 +23.1%
Jan-2014 283 +5.6% 64 +28.0%
Feb-2014 272 -7.8% 59 -10.6%
Mar-2014 333 -9.0% 99 +25.3%
Apr-2014 452 +18.3% 86 -25.2%
May-2014 421 -18.1% 86 -1.1%
Jun-2014 440 -9.1% 101 +13.5%
Jul-2014 360 -13.0% 113 +16.5%
Aug-2014 313 -14.0% 105 +18.0%
12-Month Avg 314 -4.0% 75 +3.0%
Historical New Listings by Month
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 4
A count of the properties that have been newly listed on the market in a given month.
344
72
364
89
313
105
Single Family Townhouse-Condo
August
0
100
200
300
400
500
600
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2,756
636
3,087
672
2,874
713
Single Family Townhouse-Condo
Year to Date
2012 2013 2014
+ 18.0% + 23.6% - 14.0% + 5.8% + 5.7% - 6.9% + 12.0% + 6.1%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 16.2% + 6.7% + 8.5% + 22.0%
Pending Sales
Pending SalesSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 217 -1.4% 53 +3.9%
Oct-2013 227 +3.2% 65 +25.0%
Nov-2013 199 +9.3% 48 +9.1%
Dec-2013 150 -9.6% 27 -18.2%
Jan-2014 228 -4.2% 59 +11.3%
Feb-2014 244 -4.7% 60 +5.3%
Mar-2014 333 +0.6% 96 +26.3%
Apr-2014 347 +10.9% 72 -35.7%
May-2014 317 -11.2% 80 -8.0%
Jun-2014 348 -0.3% 91 +18.2%
Jul-2014 303 +2.0% 109 +53.5%
Aug-2014 267 +9.0% 95 +20.3%
12-Month Avg 265 +0.2% 71 +8.0%
Historical Pending Sales by Month
A count of the properties on which offers have been accepted in a given month.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 5
228
59
245
79
267
95
Single Family Townhouse-Condo
August
0
100
200
300
400
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2,106
534
2,386
612
2,387
662
Single Family Townhouse-Condo
Year to Date
2012 2013 2014
+ 20.3% + 33.9% + 9.0% + 7.5% + 14.6% + 0.0% + 13.3% + 8.2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 8.1% + 20.8% + 20.0% + 40.5%
Sold Listings
Sold ListingsSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 245 -1.6% 81 +39.7%
Oct-2013 260 +15.0% 46 -6.1%
Nov-2013 204 -4.2% 54 +8.0%
Dec-2013 236 +34.1% 61 +24.5%
Jan-2014 146 -13.6% 32 -5.9%
Feb-2014 170 -7.1% 51 +27.5%
Mar-2014 233 -13.1% 61 +19.6%
Apr-2014 283 -0.4% 78 +18.2%
May-2014 360 +10.1% 76 -25.5%
Jun-2014 345 +4.9% 86 -3.4%
Jul-2014 336 -14.3% 86 -7.5%
Aug-2014 303 -11.9% 96 +21.5%
12-Month Avg 260 -1.2% 67 +6.3%
Historical Sold Listings by Month
A count of the actual sales that closed in a given month.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 6
297
86
344
79
303
96
Single Family Townhouse-Condo
August
0
100
200
300
400
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
1,935
497
2,296
554
2,176
566
Single Family Townhouse-Condo
Year to Date
2012 2013 2014
+ 21.5% - 8.1% - 11.9% + 15.8% + 11.5% - 5.2% + 18.7% + 2.2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 26.4% + 20.3% + 16.7% + 19.4%
Median Sales Price
Median Sales PriceSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 $260,000 +4.4% $195,000 +32.2%
Oct-2013 $255,000 +4.1% $159,000 -3.8%
Nov-2013 $259,450 +3.0% $167,500 +0.6%
Dec-2013 $256,945 +4.9% $186,250 +9.6%
Jan-2014 $249,050 -0.6% $184,500 +1.7%
Feb-2014 $250,725 +3.2% $179,601 +22.4%
Mar-2014 $256,000 +0.4% $160,000 -1.5%
Apr-2014 $278,000 +6.3% $180,500 +13.0%
May-2014 $286,000 +7.9% $175,000 +11.1%
Jun-2014 $276,000 +0.7% $179,500 +0.8%
Jul-2014 $289,250 +6.3% $181,150 +14.0%
Aug-2014 $286,500 +6.9% $175,000 +4.2%
12-Month Avg* $270,000 +3.9% $179,000 +9.2%
Historical Median Sales Price by Month
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
* Median Sales Price for all properties from September 2013 through August 2014. This is not the average of the individual figures above.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 7
$255,000
$145,500
$267,950
$168,000
$286,500
$175,000
Single Family Townhouse-Condo
August
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
$245,000
$152,000
$263,000
$165,000
$275,000
$179,000
Single Family Townhouse-Condo
Year to Date
2012 2013 2014
+ 4.2% + 15.5% + 6.9% + 5.1% + 8.6% + 4.6% + 7.3% + 8.5%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 8.1% + 3.4% - 1.8% - 6.4%
Average Sales Price
Average Sales Price
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 $305,424 +6.0% $203,761 +28.8%
Oct-2013 $302,442 +7.3% $165,129 -12.9%
Nov-2013 $306,012 +10.3% $185,801 +8.8%
Dec-2013 $305,645 +3.8% $201,100 +6.6%
Jan-2014 $295,825 +2.7% $205,325 +9.8%
Feb-2014 $286,294 -1.1% $187,404 +16.0%
Mar-2014 $296,832 +5.0% $176,185 +1.5%
Apr-2014 $316,262 +9.4% $192,667 +17.7%
May-2014 $337,080 +16.2% $191,299 +9.5%
Jun-2014 $314,056 +1.2% $188,810 -4.0%
Jul-2014 $330,558 +4.7% $192,246 +13.7%
Aug-2014 $330,295 +9.4% $188,864 +9.6%
12-Month Avg* $313,807 +6.6% $190,278 +8.4%
Historical Average Sales Price by Month
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
* Average Sales Price for all properties from September 2013 through August 2014. This is not the average of the individual figures above.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 8
$290,104
$154,471
$302,012
$172,394
$330,295
$188,864
Single Family Townhouse-Condo
August
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2012 2013 2014
+ 9.6% + 11.6% + 9.4% + 4.1% 2012 2013 2014
+ 6.9% - 1.5%
$279,715
$160,310
$297,937
$175,349
$317,725
$189,653
Single Family Townhouse-Condo
Year to Date
+ 8.2% + 9.4% 2012 2013 2014 2012 2013 2014
+ 6.6% + 6.5% + 3.4% + 2.5%
Percent of List Price Received
Pct. of List Price Received
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 99.0% +0.8% 99.6% +1.3%
Oct-2013 98.7% +0.4% 98.4% +0.4%
Nov-2013 98.3% +0.2% 97.6% -0.5%
Dec-2013 98.5% +1.1% 99.0% +1.1%
Jan-2014 98.0% +0.1% 98.0% -0.4%
Feb-2014 98.9% +0.8% 98.6% +0.2%
Mar-2014 98.6% -0.3% 98.9% 0.0%
Apr-2014 99.5% +0.5% 100.0% +1.1%
May-2014 99.4% +0.2% 99.9% +0.7%
Jun-2014 99.5% +0.2% 99.5% +0.4%
Jul-2014 99.6% +0.5% 99.6% +0.2%
Aug-2014 99.1% +0.2% 99.2% +0.1%
12-Month Avg* 98.7% +0.3% 98.8% +0.4%
Historical Percent of List Price Received by Month
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.
* Pct. of List Price Received for all properties from September 2013 through August 2014. This is not the average of the individual figures above.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 9
98.2% 98.3% 98.9% 99.1% 99.1% 99.2%
Single Family Townhouse-Condo
August
94%
95%
96%
97%
98%
99%
100%
101%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
98.4% 97.7% 98.9% 99.0% 99.2% 99.4%
Single Family Townhouse-Condo
Year to Date
2012 2013 2014
+ 0.1% + 0.8% + 0.2% + 0.7% + 1.3% + 0.3% + 0.5% + 0.4% 2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 0.6% + 0.8% + 0.1% + 0.6%
Days on Market Until Sale
Days on MarketSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 68 -27.7% 92 +3.4%
Oct-2013 79 -24.8% 55 -50.9%
Nov-2013 85 -19.8% 71 +18.3%
Dec-2013 99 -6.6% 104 +31.6%
Jan-2014 103 -1.0% 97 +16.9%
Feb-2014 95 -18.1% 60 -51.2%
Mar-2014 90 +7.1% 66 -9.6%
Apr-2014 76 -8.4% 64 -5.9%
May-2014 76 +7.0% 60 -22.1%
Jun-2014 80 +5.3% 56 -11.1%
Jul-2014 64 -8.6% 47 -24.2%
Aug-2014 82 +5.1% 48 -25.0%
12-Month Avg 81 -7.2% 66 -13.0%
Historical Days on Market Until Sale by Month* Days on Market for all properties from September 2013 through August 2014. This is not the average of the individual figures above.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Average number of days between when a property is listed and when an offer is accepted in a given month.
97
73 78
64
82
48
Single Family Townhouse-Condo
August
25
50
75
100
125
150
175
200
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
103
91
82 73
80
59
Single Family Townhouse-Condo
Year to Date
2012 2013 2014
- 25.0% - 12.3% + 5.1% - 19.6% - 19.8% - 2.4% - 20.4% - 19.2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
- 5.8% - 8.8% - 28.3% - 20.7%
Housing Affordability Index
Affordability IndexSingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Sep-2013 128 -13.5% 171 -31.6%
Oct-2013 131 -12.7% 210 -5.4%
Nov-2013 136 -6.8% 211 -5.0%
Dec-2013 131 -13.8% 181 -17.4%
Jan-2014 132 -9.6% 179 -10.9%
Feb-2014 133 -9.5% 186 -23.8%
Mar-2014 131 -6.4% 210 -4.1%
Apr-2014 120 -13.7% 185 -18.5%
May-2014 120 -9.1% 196 -11.7%
Jun-2014 124 +2.5% 191 +2.7%
Jul-2014 118 -3.3% 189 -10.0%
Aug-2014 120 -2.4% 196 0.0%
12-Month Avg 127 -13.6% 139 -10.2%
Historical Housing Affordability Index by Month
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.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 11
142
249
123
196
120
196
Single Family Townhouse-Condo
August
100
125
150
175
200
225
250
275
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family Townhouse-Condo
2012 2013 2014
0.0% - 21.3% - 2.4% - 13.4% 2012 2013 2014
- 0.7% + 14.7%
148
239
125
199
125
192
Single Family Townhouse-Condo
Year to Date
- 3.5% - 16.7% 0.0% - 15.5% + 4.2% + 9.6% 2012 2013 2014 2012 2013 2014
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 8-2013 8-2014 Percent Change YTD-2013 YTD-2014 Percent Change
-- --
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 12
-- --
Months Supply Not enough historical data for chart -- 2.3 -- --
Active Listings Not enough historical data for chart -- 750 -- --
Affordability Index 130 133 - 0.8% 135 134 - 0.8%
Pct. of List Price Received 99.0% 99.1% + 0.3% 98.9% 99.2% + 0.3%
Average Sales Price $277,805 $296,266 + 6.3% $274,099 $291,289
Days on Market 75 73 - 5.0% 80 76 - 5.0%
-- --
Sold Listings 423 399 - 5.7% 2,850 2,742 - 3.8%
Median Sales Price $254,000 $259,000 + 2.0% $243,000 $255,600 + 5.2%
+ 6.3%
- 4.6%
Pending Sales 324 362 + 11.7% 612 662 + 8.2%
New Listings 453 418 - 7.7% 3,759 3,587
Under Contract Not enough historical data for chart -- -- -- --
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
8-2011 8-2012 8-2013 8-2014
Sold Listings
By Price Range 8-2013 8-2014 Change 8-2013 8-2014 Change 7-2014 8-2014 Change 7-2014 8-2014 Change 8-2013 8-2014 Change 8-2013 8-2014 Change$99,999 and Below 44 24 - 45.5% 44 28 - 36.4% 1 3 + 200.0% 2 2 0.0% 27 20 - 25.9% 25 14 - 44.0%$100,000 to $199,999 488 329 - 32.6% 505 480 - 5.0% 18 23 + 27.8% 55 58 + 5.5% 326 191 - 41.4% 382 342 - 10.5%$200,000 to $299,999 1,531 1,543 + 0.8% 177 256 + 44.6% 164 142 - 13.4% 25 34 + 36.0% 1,104 1,078 - 2.4% 121 183 + 51.2%$300,000 to $399,999 634 683 + 7.7% 20 31 + 55.0% 85 74 - 12.9% 2 1 - 50.0% 495 499 + 0.8% 15 20 + 33.3%$400,000 to $499,999 246 254 + 3.3% 9 11 + 22.2% 33 31 - 6.1% 2 1 - 50.0% 182 182 0.0% 8 5 - 37.5%$500,000 to $699,999 163 207 + 27.0% 4 2 - 50.0% 28 18 - 35.7% 0 0 -- 122 148 + 21.3% 3 2 - 33.3%$700,000 to $999,999 44 63 + 43.2% 0 0 -- 6 8 + 33.3% 0 0 -- 36 46 + 27.8% 0 0 --$1,000,000 to $1,999,999 9 17 + 88.9% 1 0 - 100.0% 1 4 + 300.0% 0 0 -- 4 11 + 175.0% 0 0 --$2,000,000 and Above 1 1 0.0% 0 0 -- 0 0 -- 0 0 -- 0 1 -- 0 0 --All Price Ranges 3,160 3,121 - 1.2% 760 808 + 6.3% 336 303 - 9.8% 86 96 + 11.6% 2,296 2,176 - 5.2% 554 566 + 2.2%
Inventory of Active Listings
By Price Range 8-2013 8-2014 Change 8-2013 8-2014 Change 7-2014 8-2014 Change 7-2014 8-2014 Change$99,999 and Below -- -- -- -- -- -- -- -- -- -- -- --$100,000 to $199,999 -- -- -- -- -- -- -- -- -- -- -- --$200,000 to $299,999 -- -- -- -- -- -- -- -- -- -- -- --$300,000 to $399,999 -- -- -- -- -- -- -- -- -- -- -- --$400,000 to $499,999 -- -- -- -- -- -- -- -- -- -- -- --$500,000 to $699,999 -- -- -- -- -- -- -- -- -- -- -- --$700,000 to $999,999 -- -- -- -- -- -- -- -- -- -- -- --$1,000,000 to $1,999,999 -- -- -- -- -- -- -- -- -- -- -- --$2,000,000 and Above -- -- -- -- -- -- -- -- -- -- -- --All Price Ranges -- -- -- -- -- -- -- -- -- -- -- --
There are no year-to-date figures for inventory because it is simply a
snapshot frozen in time at the end of each month. It does not add up over a
period of months.
Current as of September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13
A measure of the number of homes available for sale at a given time.
Rolling 12 Months Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo
Not enough historical data for chart. At some point in the near future, this section should be full.
Actual sales that have closed in a given quarter.
Rolling 12 Months Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo
3,160
760
3,920 3,121
808
3,929
Singe Family Townhouse-Condo All Properties
By Property Type 8-2013 8-2014
Singe Family Townhouse-Condo All Properties
By Property Type
88
993
1,708
654 255 167 44 10 1 52
809
1,799
714 265 209 63 17 1
< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $599K $700K to $799K $1.0M to $1.9M $2.0M+
By Price Range – All Properties – Rolling 12 Months
8-2014 8-2013
0.0%
< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $599K $700K to $799K $1.0M to $1.9M $2.0M+
By Price Range – All Properties 8-2013 8-2014
- 40.9% - 18.5% + 5.3% + 9.2% + 70.0% + 3.9% + 25.1% + 43.2% - 1.2% + 6.3% + 0.2%
-- -- -- -- -- -- -- -- -- -- -- --
Glossary of Terms
New Listings
Pending Sales
Under Contract Activity
Sold Listings
Median Sales Price
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 September 7, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14
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.
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.
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