Housing Supply Overview

Transcription

1 Housing Supply Overview July 2018 Quick Facts A RESEARCH TOOL PROVIDED BY THE MULTIPLE LISTING SERVICE, INC. FOR ACTIVITY IN THE 4-COUNTY MILWAUKEE METROPOLITAN AREA + 0.1% + 3.8% - 8.3% Price Range With the Strongest Sales: Construction Status With Strongest Sales: Property Type With Strongest Sales: Detached 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 August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 1

2 Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total. 5,039 4,523 19,021 17,334 16,053 14,720 2,610 2,248 3,403 2,980 3,572 3,255 3,552 3,507 1,478 1,479 3,602 3, % % - 8.9% % + 0.1% - 1.3% -8.9% + 3.8% - 8.3% - 9.2% Change Change Change 2,610 2, % 1,935 1, % % 3,403 2, % 2,528 2, % % 3,572 3, % 2,756 2, % % 5,039 4, % 4,352 3, % % 1,478 1, % 1,284 1, % % 3,552 3, % 3,197 3, % % All Price Ranges 19,655 17, % 16,053 14, % 3,602 3, % Change Change Change 19,021 17, % 15,607 14, % 3,414 3, % % % % All Construction Statuses 19,655 17, % 16,053 14, % 3,602 3, % Current as of August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 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 % % % % % % % % % % Change Change Change % % % % % % % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % % % % All Construction Statuses % % % Current as of August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 3

4 Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median. $378,550 $385,000 $200,900 $211,000 $215,000 $222,500 $159,000 $168,000 $196,500 $205, % + 1.7% + 5.0% + 3.5% + 5.7% Change Change Change $196,500 $205, % $211,000 $218, % $155,000 $162, % $378,550 $385, % $389,450 $405, % $354,999 $347, % All Construction Statuses $200,900 $211, % $215,000 $222, % $159,000 $168, % Current as of August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 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. 95.8% 96.5% 97.3% 97.9% 98.1% 98.0% 97.5% 97.5% 96.2% 96.8% 100.0% 100.3% 96.6% 96.9% 96.4% 90.1% 91.1% 95.8% 96.5% 95.8% + 1.1% + 0.7% + 0.6% + 0.6% + 0.5% + 0.6% + 0.7% + 0.3% + 0.8% + 0.5% Change Change Change 90.1% 91.1% + 1.1% 89.3% 90.4% + 1.2% 92.3% 92.9% + 0.7% 95.8% 96.5% + 0.7% 95.6% 96.3% + 0.7% 96.5% 97.1% + 0.6% 97.3% 97.9% + 0.6% 97.1% 97.8% + 0.7% 97.7% 98.1% + 0.4% 97.5% 98.1% + 0.6% 97.6% 98.1% + 0.5% 97.3% 97.9% + 0.6% 97.5% 98.0% + 0.5% 97.4% 98.0% + 0.6% 98.4% 97.9% - 0.5% 96.2% 96.8% + 0.6% 96.0% 96.6% + 0.6% 98.8% 98.8% 0.0% All Price Ranges 95.9% 96.7% + 0.8% 95.8% 96.6% + 0.8% 96.4% 96.9% + 0.5% Change Change Change 95.8% 96.5% + 0.7% 95.7% 96.5% + 0.8% 96.0% 96.6% + 0.6% 100.0% 100.3% + 0.3% 98.6% 99.2% + 0.6% 103.8% 103.1% - 0.7% All Construction Statuses 95.9% 96.7% + 0.8% 95.8% 96.6% + 0.8% 96.4% 96.9% + 0.5% Current as of August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 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. 1,638 1,699 4,757 4,661 4,299 4,205 1, % % + 1.1% % % + 3.7% -2.0% + 1.6% - 2.2% + 0.5% Change Change Change % % % % % % % % % 886 1, % % % % % % 1,638 1, % 1,446 1, % % All Price Ranges 5,125 5, % 4,299 4, % % Change Change Change 4,757 4, % 4,073 3, % % % % % All Construction Statuses 5,125 5, % 4,299 4, % % Current as of August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 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 % - 7.4% + 8.3% % % + 5.5% % - 9.3% + 6.3% + 7.1% Change Change Change % % % % % % % % % % % % % % % % % % All Price Ranges % % % Change Change Change % % % % % % All Construction Statuses % % % Current as of August 10, All data comes from Metro MLS for activity in the 4-County Milwaukee Metropolitan Area. Report 2018 ShowingTime. 7