Housing Supply Overview

Transcription

1 Housing Supply Overview January 2017 Quick Facts A RESEARCH TOOL PROVIDED BY THE MULTIPLE LISTING SERVICE, INC. FOR ACTIVITY IN THE 4-COUNTY MILWAUKEE METROPOLITAN AREA + 7.9% + 3.0% + 5.3% Price Range With the Strongest Sales: Construction Status With Strongest Sales: Property Type With Strongest Sales: Pending Sales 2 Days on Market Until Sale 3 Median Sales Price Percent of Original List Price Received 4 5 Inventory of Homes for Sale 6 Months Supply of Inventory 7 Current as of February 10, All data from Metro MLS. Powered by ShowingTime 10K.

2 Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total. 4,596 4,761 17,538 18,069 14,893 15,252 2,881 2,702 3,418 3,273 3,275 3,375 2,828 3,051 1,228 1,302 3,188 3, % + 4.4% + 3.1% + 3.6% + 6.0% + 7.9% + 3.0% - 0.4% + 2.4% + 5.3% Change Change Change 2,881 2, % 2,120 2, % % 3,273 3, % 2,421 2, % % 3,275 3, % 2,661 2, % % 4,596 4, % 4,036 4, % % 1,228 1, % 1,087 1, % % 2,828 3, % 2,568 2, % % All Price Ranges 18,081 18, % 14,893 15, % 3,188 3, % Change Change Change 17,538 18, % 14,498 14, % 3,040 3, % % % % All Construction Statuses 18,081 18, % 14,893 15, % 3,188 3, % All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Powered by ShowingTime 10K. 2

3 Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average % % % % - 9.7% + 2.3% % % - 9.6% % Change Change Change % % % % % % % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % % % % All Construction Statuses % % % All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Powered by ShowingTime 10K. 3

4 Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median. $354,990 $367,500 $187,000 $194,950 $208,000 $183,000 $189,900 $144,850 $155, % + 3.5% + 4.3% + 4.0% + 7.0% Change Change Change $183,000 $189, % $195,000 $204, % $139, % $354,990 $367, % $372,800 $382, % $330,000 $347, % All Construction Statuses $187,000 $194, % $208, % $144,850 $155, % All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Powered by ShowingTime 10K. 4

5 Percent of Original List Price Received Percentage found when dividing a property s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average. 94.2% 95.3% 95.5% 96.8% 97.1% 97.3% 96.5% 96.5% 95.5% 95.8% 99.4% 100.2% 95.3% 95.5% 88.2% 89.2% 94.1% 95.2% 94.3% 94.3% + 1.1% + 1.2% + 1.4% + 0.6% + 0.8% + 0.3% + 1.2% + 0.8% + 1.1% + 1.3% Change Change Change 88.2% 89.2% + 1.1% 87.6% 88.6% + 1.1% 89.9% 91.1% + 1.3% 94.2% 95.3% + 1.2% 93.9% 95.2% + 1.4% 94.8% 95.7% + 0.9% 95.5% 96.8% + 1.4% 95.5% 96.7% + 1.3% 95.5% 97.0% + 1.6% 96.5% 97.1% + 0.6% 96.6% 97.2% + 0.6% 96.5% 96.7% + 0.2% 96.5% 97.3% + 0.8% 96.4% 97.2% + 0.8% 97.4% 98.4% + 1.0% 95.5% 95.8% + 0.3% 95.2% 95.6% + 0.4% 97.7% 98.4% + 0.7% All Price Ranges 94.3% 95.3% + 1.1% 94.3% 95.3% + 1.1% 94.3% 95.5% + 1.3% Change Change Change 94.1% 95.2% + 1.2% 94.2% 95.2% + 1.1% 93.8% 95.1% + 1.4% 99.4% 100.2% + 0.8% 98.1% 98.8% + 0.7% 102.9% 103.8% + 0.9% All Construction Statuses 94.3% 95.3% + 1.1% 94.3% 95.3% + 1.1% 94.3% 95.5% + 1.3% All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Powered by ShowingTime 10K. 5

6 Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity. 1, , ,253 1,239 4,981 4,058 4,336 3, , % % % % % - 1.1% % - 6.6% % % Change Change Change 1, % % % 1, % % % % % % % % % % % % 1,253 1, % 1,125 1, % % All Price Ranges 5,376 4, % 4,336 3, % 1, % Change Change Change 4,981 4, % 4,072 3, % % % % % All Construction Statuses 5,376 4, % 4,336 3, % 1, % All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Powered by ShowingTime 10K. 6

7 Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months % % % % % - 7.5% % % % % Change Change Change % % % % % % % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % % % % All Construction Statuses % % % All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Powered by ShowingTime 10K. 7