ly Market Detail - April 213 Summary Statistics April 213 April 212 Paid in Cash 1,43 1,23 14.1% 729 69 19.7% New Pending Sales 2,34 1,414 65.5% 2,91 1,917 9.1% $265, $21, 26.2% Average Sale Price $468,37 $38,82 23.% Median Days on Market 78 9-13.3% Average Percent of Original List Price Received 92.8% 89.5% 3.7% Pending 4,137 (No Data) N/A (Active Listings) 6,252 11,31-43.3% s Supply of 5.3 1.5-49.7% The number of sales transactions which closed during Economists' note : are one of the simplest yet most important indicators for the residential real estate market. When comparing across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors and their clients should also be wary of month-to-month comparisons of because of potential seasonal effects. April 213 1,43 14.1% March 213 1,266 12.2% February 213 1,12 January 213 965 December 212 1,184 November 212 1,97 October 212 1,151 September 212 1,3 August 212 1,244 July 212 1,233 June 212 1,352 May 212 1,287 April 212 1,23 9.6% 19.3% 14.3% 14.9% 21.8% -4.5% 8.6% 2.4% 13.4% 1.% 5.3% 1,5 1,3 1,1 9 7 5 3 Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 Cash Sales The number of during in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care. Cash Sales April 213 729 19.7% March 213 639 9.4% February 213 56 16.4% January 213 471 1.6% December 212 594 23.2% November 212 552 16.7% October 212 549 16.3% September 212 476-2.7% August 212 595 11.6% July 212 599 31.9% June 212 629 4.% May 212 64 8.5% April 212 69 3.7% 8 Cash Sales 6 4 2 Cash Sales as a Percentage of The percentage of during which were Cash Sales Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc. Percent of Closed Sales Paid in Cash April 213 52.% 4.9% March 213 5.5% -2.5% February 213 55.3% 6.2% January 213 48.8% -7.3% December 212 5.2% 7.8% November 212 5.3% 1.6% October 212 47.7% -4.5% September 212 46.2% 2.% August 212 47.8% 2.7% July 212 48.6% 9.6% June 212 46.5% -8.3% May 212 49.7% -1.4% April 212 49.5% -1.5% Pct. of Closed Sales Paid in Cash 61% 51% 41% 31% 21% Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 New Pending Sales The number of property listings that went from "Active" to "Pending" status during Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 June 212 May 212 April 212 New Pending Sales 2,34 2,269 1,942 1,96 1,645 1,757 1,633 1,389 1,388 1,351 1,344 1,41 1,414 65.5% 67.2% 66.7% 91.4% 77.5% 78.4% 61.7% 41.4% 24.9% 3.% 22.2% 25.8% 18.7% Pending Sales 2,9 2,4 1,9 1,4 9 4 The number of properties put onto the market during Economists' note : In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really. April 213 March 213 February 213 January 213 December 212 November 212 October 212 September 212 August 212 July 212 June 212 May 212 April 212 2,91 1,913 1,926 2,191 1,38 1,726 1,952 1,658 1,831 1,828 1,74 1,869 1,917 9.1% -3.7% -.7% 3.% -9.3% -6.1% 6.6% -6.5% -1.6% 8.4% -8.2% -.1% 1.6% 2,4 2,2 2, 1,8 1,6 1,4 1,2 Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 The median sale price reported for (i.e. 5% of sales were above and 5% of sales were below) Economists' note : is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. April 213 $265, 26.2% March 213 $249,894 28.2% February 213 $235, 27.% January 213 $218, 21.1% December 212 $229,75 2.9% November 212 $218, 18.3% October 212 $221,25 22.4% September 212 $224,4 24.7% August 212 $215, 11.7% July 212 $216,5 15.2% June 212 $225, 7.1% May 212 $25,1-4.6% April 212 $21, 5.5% $28K $26K $24K $22K $2K $18K $16K Average Sale Price The average sale price reported for (i.e. total sales in dollars divided by the number of sales) Economists' note : As noted above, we prefer over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses particularly when it is analyzed alongside the. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area. Average Sale Price April 213 $468,37 23.% March 213 $436,71 31.8% February 213 $761,754 147.5% January 213 $312,834 3.% December 212 $43,78 27.2% November 212 $34,561 2.3% October 212 $368,975 16.% September 212 $353,818 16.5% August 212 $343,275 13.7% July 212 $359,224 7.5% June 212 $4,853-5.1% May 212 $366,299-19.% April 212 $38,82 15.% Average Sale Price $79K $69K $59K $49K $39K $29K Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 Median Days on Market The median number of days that properties sold during were on the market Economists' note : Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 5% of homes selling this month took less time to sell, and 5% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. Median Days on Market April 213 78-13.3% March 213 85-6.6% February 213 87-13.9% January 213 85-13.3% December 212 85-14.1% November 212 89-7.3% October 212 85-9.6% September 212 85-11.5% August 212 9-1.% July 212 91-7.1% June 212 84-19.2% May 212 93-18.4% April 212 9-15.9% Median Days on Market 15 1 5 Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during Economists' note : The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market that has shifted from down to up, and is another lagging indicator. Avg. Pct. of Orig. List Price Received April 213 92.8% 3.7% March 213 92.4% 3.5% February 213 91.4% 3.4% January 213 91.8% 3.% December 212 91.9% 3.1% November 212 91.6% 3.% October 212 91.2% 2.6% September 212 92.4% 3.6% August 212 91.3% 2.7% July 212 9.9% 2.2% June 212 9.3% 2.8% May 212 9.1% 3.4% April 212 89.5% 2.1% Avg. Pct. of Orig. List Price Received 95% 9% 85% 8% 75% Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 (Active Listings) The number of property listings active at the end of Economists' note : There are a number of ways to calculate, so these numbers may not match up to others you see in your market. We calculate by counting the number of active listings on the last day of, and hold this number to compare with the same month the following year. April 213 6,252-43.3% March 213 6,498-43.% February 213 6,74-42.% January 213 6,751-41.9% December 212 6,764-4.1% November 212 6,619-43.4% October 212 8,558-26.5% September 212 8,949-23.5% August 212 9,399-2.5% July 212 9,769-18.7% June 212 1,1-18.% May 212 1,67-15.8% April 212 11,31-14.4% 16,1 14,1 12,1 1,1 8,1 6,1 s Supply of An estimate of the number of months it will take to deplete the current given recent sales rates Economists' note : This is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 s of. Higher numbers indicate a buyers' market, lower numbers a sellers' market. s Supply April 213 5.3-49.7% March 213 5.5-49.% February 213 5.8-47.5% January 213 5.9-47.6% December 212 5.9-45.5% November 212 5.9-48.2% October 212 7.7-33.3% September 212 8.2-3.6% August 212 8.5-29.8% July 212 8.9-29.5% June 212 9.4-29.2% May 212 1. -26.7% April 212 1.5-26.3% s Supply of 29. 24. 19. 14. 9. 4. Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 by Sale Price The number of sales transactions which closed during Economists' note : are one of the simplest yet most important indicators for the residential real estate market. When comparing across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors and their clients should also be wary of month-to-month comparisons of because of potential seasonal effects. 25 2 15 1 5 Sale Price Less than $5, 27-56.5% $5, - $99,999 123-18.5% $1, - $149,999 155-11.4% $15, - $199,999 161-1.6% $2, - $249,999 186 21.6% $25, - $299,999 156 28.9% $3, - $399,999 225 66.7% $4, - $599,999 169 36.3% $6, - $999,999 92 55.9% $1,, or more 19 55.7% 25 2 15 1 5 Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more Median Days on Market by Sale Price The median number of days that properties sold during were on the market Economists' note: Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 5% of homes selling this month took less time to sell, and 5% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. 25 Sale Price $15, - $199,999 62-28.7% $2, - $249,999 67-38.5% $25, - $299,999 Median Days on Market Less than $5, 54-1.8% $5, - $99,999 91 31.9% $1, - $149,999 7-2.8% 7-16.7% $3, - $399,999 72-26.5% $4, - $599,999 84-19.2% $6, - $999,999 11-45.7% $1,, or more 199 13.1% 25 Median Days on Market 2 15 1 5 2 15 1 5 Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 by Initial Listing Price The number of properties put onto the market during Economists' note: In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really. Initial Listing Price Less than $5, 56-18.8% $5, - $99,999 167-23.4% $1, - $149,999 174-3.1% $15, - $199,999 257 -.8% $2, - $249,999 198.5% $25, - $299,999 232 3.3% $3, - $399,999 32 33.9% $4, - $599,999 313 42.3% $6, - $999,999 171 26.7% $1,, or more 23 32.7% 35 3 25 2 15 1 5 Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 35 3 25 2 15 1 5 by Current Listing Price The number of property listings active at the end of Economists' note: There are a number of ways to calculate, so these numbers may not match up to others you see in your market. We calculate by counting the number of active listings on the last day of, and hold this number to compare with the same month the following year. Current Listing Price Less than $5, 82-73.7% $5, - $99,999 294-73.7% $1, - $149,999 34-72.5% $15, - $199,999 384-66.8% $2, - $249,999 382-58.5% $25, - $299,999 56-43.9% $3, - $399,999 818-36.% $4, - $599,999 1,23-22.6% $6, - $999,999 96-15.9% $1,, or more 1,499-15.6% 1,6 1,4 1,2 1, 8 6 4 2 Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more 1,6 1,4 1,2 1, 8 6 4 2 Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.
ly Market Detail - April 213 April 213 April 212 Traditional 1,139 877 29.9% $285, $249,95 14.% Foreclosure/REO 65 128-49.2% $193,5 $139, 39.2% Short Sale 199 227-12.3% $176,4 $159,5 1.6% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $35, Traditional Foreclosure/REO Short Sale $3, $25, $2, $15, $1, $5, $ Data released on Wednesday, May 22, 213. Next data release is Thursday, June 2, 213.