April Housing Report: With labor rates at a steady pace you can expect mortgage rates to remain low!

March 2015 Activity Snapshot

One-Year Change in One-Year Change inSingle FamilySold Listings

Single FamilyDays On Market

23456789

10111213141516

Click on desired metric to jump to that page.

Monthly Indicators

- 0.9% - 12.2% + 28.1%One-Year Change in

New Listings were down 10.8 percent for single family homes and 11.9 percent for townhouse-condo properties. Pending sales clocked in at 279 for single family homes and 97 for townhouse-condo properties.

The Median Sales Price was up 28.1 percent to $328,000 for single family homes and 40.6 percent to $225,000 for townhouse-condo properties. Days on Market decreased 12.2 percent for single family homes but increased 1.5 percent for condo properties.

On average, more people are employed and making more money than they were at this time last year. The jobs picture, as a whole, looks promising. Employment drives home-buying activity, so it is ever critical to watch labor statistics as a key indicator for the residential real estate market. Coupled with the mostly positive jobs picture, it is widely expected that mortgage rates will remain as they are for at least the first two quarters of the year.

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

Sold Listings and Inventory by Price Range

Current as of April 6, 2015. All data from IRES, LLC. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexActive ListingsMonths Supply of InventoryAll Properties Activity Overview

New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received

Glossary of Terms

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 3-2014 3-2015 Percent Change YTD-2014 YTD-2015 Percent Change

-- --

Current as of April 6, 2015. All data from IRES, LLC. Powered by 10K Research and Marketing. | 2

-- --

Months Supply 2.0 1.5 - 25.0% --

Active Listings 539 390 - 27.6% --

Affordability Index 131 111 - 15.3% 133 116 - 12.8%

Pct. of List Price Received 98.6% 99.9% + 1.3% 98.5% 99.3% + 0.8%

Avg. Sales Price $296,832 $354,538 + 19.4% $293,301 $343,283

Days on Market 90 79 - 12.2% 95 87 - 8.4%

-- --

Sold Listings 233 231 - 0.9% 549 574 + 4.6%

Median Sales Price $256,000 $328,000 + 28.1% $253,000 $314,500 + 24.3%

+ 17.0%

- 12.4%

Pending Sales 332 279 - 16.0% 804 711 - 11.6%

New Listings 332 296 - 10.8% 887 777

Under Contract Not enough historical data for chart -- -- -- --

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

Townhouse-Condo Activity OverviewKey metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.


-- --


-- --

Months Supply 1.0 0.8 - 20.0% --




Avg. Sales Price $176,185 $228,163 + 29.5% $186,634 $230,419

Days on Market 66 67 + 1.5% 71 71 0.0%

-- --

Sold Listings 61 79 + 29.5% 144 181 + 25.7%


+ 23.5%

- 0.4%

Pending Sales 96 97 + 1.0% 215 241 + 12.1%

New Listings 101 89 - 11.9% 224 223


3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Apr-2014 462 +20.9% 88 -23.5%

May-2014 425 -17.3% 86 -1.1%

Jun-2014 447 -7.6% 101 +13.5%

Jul-2014 369 -10.9% 116 +19.6%

Aug-2014 322 -11.5% 106 +19.1%

Sep-2014 273 -9.0% 64 +4.9%

Oct-2014 266 +4.7% 69 +50.0%

Nov-2014 167 -16.1% 44 -2.2%

Dec-2014 127 -11.2% 65 +103.1%

Jan-2015 208 -26.5% 63 -1.6%

Feb-2015 273 +0.4% 71 +20.3%

Mar-2015 296 -10.8% 89 -11.9%

12-Month Avg 303 -7.8% 80 +8.7%

Historical New Listings by Month


A count of the properties that have been newly listed on the market in a given month.

366

79

332

101

296

89

Single Family Townhouse-Condo

March

0

100

200

300

400

500

600

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


929

195

887

224

777

223


Year to Date

2013 2014 2015

- 11.9%+ 27.8%- 10.8%- 9.3% + 14.9%- 12.4%- 4.5% - 0.4%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 5.5% + 11.0% - 10.6%- 28.8%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Apr-2014 357 +14.1% 75 -33.0%

May-2014 319 -10.4% 81 -6.9%

Jun-2014 352 +0.9% 91 +18.2%

Jul-2014 309 +4.4% 112 +57.7%

Aug-2014 255 +4.1% 90 +13.9%

Sep-2014 268 +23.5% 63 +18.9%

Oct-2014 230 +0.9% 63 -3.1%

Nov-2014 206 +3.0% 40 -16.7%

Dec-2014 163 +8.7% 48 +84.6%

Jan-2015 183 -19.4% 70 +18.6%

Feb-2015 249 +1.6% 74 +23.3%

Mar-2015 279 -16.0% 97 +1.0%

12-Month Avg 264 +0.4% 75 +8.5%

Historical Pending Sales by Month

A count of the properties on which offers have been accepted in a given month.


331

76

332

96

279

97


March

0

100

200

300

400

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


825

186

804

215

711

241


Year to Date

2013 2014 2015

+ 1.0%+ 26.3%- 16.0%+ 0.3% + 15.6%- 11.6%- 2.5% + 12.1%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 17.8% + 20.1% + 30.1%+ 43.4%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Apr-2014 283 -0.4% 79 +19.7%

May-2014 360 +10.1% 76 -25.5%

Jun-2014 346 +5.2% 88 -1.1%

Jul-2014 337 -14.0% 87 -6.5%

Aug-2014 315 -8.4% 98 +24.1%

Sep-2014 268 +9.4% 90 +11.1%

Oct-2014 303 +16.5% 74 +60.9%

Nov-2014 209 +2.5% 42 -22.2%

Dec-2014 210 -11.0% 55 -9.8%

Jan-2015 178 +21.9% 38 +18.8%

Feb-2015 165 -2.9% 64 +25.5%

Mar-2015 231 -0.9% 79 +29.5%

12-Month Avg 267 +1.1% 73 +6.7%

Historical Sold Listings by Month

A count of the actual sales that closed in a given month.


268

51

233

61

231

79


March

0

100

200

300

400

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


620

125

549

144

574

181


Year to Date

2013 2014 2015

+ 29.5%+ 19.6%- 0.9%- 13.1% + 15.2%+ 4.6%- 11.5% + 25.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 18.1% + 35.7% + 9.6%0.0%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Apr-2014 $280,000 +7.1% $180,000 +12.7%

May-2014 $286,000 +7.9% $175,000 +11.1%

Jun-2014 $276,250 +0.8% $179,500 +0.8%

Jul-2014 $290,000 +6.6% $181,000 +13.9%

Aug-2014 $286,500 +6.9% $175,000 +4.2%

Sep-2014 $287,103 +10.4% $209,010 +7.2%

Oct-2014 $286,943 +12.5% $207,750 +30.7%

Nov-2014 $290,000 +11.8% $209,250 +24.9%

Dec-2014 $314,550 +22.4% $220,000 +18.1%

Jan-2015 $288,367 +15.8% $220,000 +19.2%

Feb-2015 $312,000 +24.4% $253,108 +40.9%

Mar-2015 $328,000 +28.1% $225,000 +40.6%

12-Month Avg* $291,217 +10.9% $195,000 +14.7%

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 April 2014 through March 2015. This is not the average of the individual figures above.


$255,000

$162,500

$256,000

$160,000

$328,000

$225,000


March

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


$251,000

$162,500

$253,000

$175,000

$314,500

$226,732


Year to Date

2013 2014 2015

+ 40.6%- 1.5%+ 28.1%+ 0.4% + 7.7%+ 24.3%+ 0.8% + 29.6%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 3.7% + 5.9% + 4.8%+ 9.8%

Average Sales Price

Avg. Sales PriceSingleFamily


Townhouse-Condo


Apr-2014 $317,729 +9.9% $192,505 +17.6%

May-2014 $337,091 +16.2% $191,299 +9.5%

Jun-2014 $314,397 +1.3% $188,195 -4.3%

Jul-2014 $330,556 +4.7% $192,105 +13.6%

Aug-2014 $328,959 +8.9% $188,734 +9.5%

Sep-2014 $327,116 +7.1% $214,168 +5.1%

Oct-2014 $325,249 +7.5% $235,057 +42.3%

Nov-2014 $324,515 +6.0% $207,503 +11.7%

Dec-2014 $344,997 +12.9% $262,504 +30.5%

Jan-2015 $332,308 +12.3% $214,305 +4.4%

Feb-2015 $339,364 +18.5% $242,771 +29.5%

Mar-2015 $354,538 +19.4% $228,163 +29.5%

12-Month Avg* $330,300 +9.6% $210,396 +15.3%

Historical Average Sales Price by Month

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

* Avg. Sales Price for all properties from April 2014 through March 2015. This is not the average of the individual figures above.


$282,818

$173,616

$296,832

$176,185

$354,538

$228,163


March

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

+ 29.5%+ 1.5%+ 19.4%+ 5.0%2013 2014 2015

- 0.6% + 4.1%

$286,160

$173,366

$293,301

$186,634

$343,283

$230,419


Year to Date

+ 23.5%+ 7.7%2013 2014 2015 2013 2014 2015

+ 17.0%+ 2.5%+ 5.5% + 6.5%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


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% 99.4% +0.3%

Jul-2014 99.6% +0.5% 99.5% +0.1%

Aug-2014 99.1% +0.2% 99.2% +0.1%

Sep-2014 98.9% -0.1% 99.7% +0.1%

Oct-2014 99.3% +0.6% 99.5% +1.1%

Nov-2014 99.1% +0.8% 98.8% +1.2%

Dec-2014 98.0% -0.5% 100.2% +1.2%

Jan-2015 98.5% +0.5% 99.7% +1.7%

Feb-2015 99.5% +0.6% 100.6% +2.0%

Mar-2015 99.9% +1.3% 102.0% +3.1%

12-Month Avg* 98.9% +0.4% 98.9% +1.0%

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 April 2014 through March 2015. This is not the average of the individual figures above.


98.9% 98.9%98.6% 98.9%99.9% 102.0%


March

94%

96%

98%

100%

102%

104%

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


98.4% 98.6%98.5% 98.6%99.3% 101.0%


Year to Date

2013 2014 2015

+ 3.1%0.0%+ 1.3%- 0.3% 0.0%+ 0.8%+ 0.1% + 2.4%2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 0.7% + 0.3% + 2.0%+ 0.7%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Apr-2014 76 -8.4% 63 -7.4%

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 81 +3.8% 47 -26.6%

Sep-2014 75 +10.3% 95 +3.3%

Oct-2014 87 +10.1% 81 +47.3%

Nov-2014 87 +2.4% 89 +25.4%

Dec-2014 85 -14.1% 104 0.0%

Jan-2015 94 -8.7% 74 -23.7%

Feb-2015 89 -6.3% 74 +23.3%

Mar-2015 79 -12.2% 67 +1.5%

12-Month Avg 80 -1.0% 69 -4.6%

Historical Days on Market Until Sale by Month* Days on Market for all properties from April 2014 through March 2015. This is not the average of the individual figures above.


Average number of days between when a property is listed and when an offer is accepted in a given month.

84

73

90

66

79

67


March

25

50

75

100

125

150

175

200

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


999295

71

87

71


Year to Date

2013 2014 2015

+ 1.5%- 9.6%- 12.2%+ 7.1% - 22.8%- 8.4%- 4.0% 0.0%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 35.9% - 25.0% - 25.8%- 25.5%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Apr-2014 119 -14.4% 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%

Sep-2014 119 -7.0% 163 -4.7%

Oct-2014 121 -7.6% 167 -20.5%

Nov-2014 120 -11.8% 166 -21.3%

Dec-2014 111 -15.3% 159 -12.2%

Jan-2015 128 -3.0% 168 -6.1%

Feb-2015 118 -11.3% 146 -21.5%

Mar-2015 111 -15.3% 162 -22.9%

12-Month Avg 119 -14.7% 130 -18.6%

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.


140

219

131

210

111

162


March

100

125

150

175

200

225

250

275

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015

- 22.9%- 4.1%- 15.3%- 6.4%2013 2014 2015

- 0.7% - 6.8%

142

219

133

192

116

161


Year to Date

- 16.1%- 12.3%- 12.8%- 6.3%- 3.4% - 2.7%2013 2014 2015 2013 2014 2015

Inventory of Active Listings

Active ListingsSingleFamily


Townhouse-Condo


Apr-2014 593 -1.3% 79 -24.0%

May-2014 657 -6.3% 82 -13.7%

Jun-2014 706 -8.2% 89 -12.7%

Jul-2014 703 -14.2% 86 -30.1%

Aug-2014 710 -16.6% 92 -28.1%

Sep-2014 657 -21.3% 88 -28.5%

Oct-2014 617 -21.1% 84 -7.7%

Nov-2014 518 -25.5% 88 +10.0%

Dec-2014 419 -29.6% 97 +26.0%

Jan-2015 414 -29.8% 81 +6.6%

Feb-2015 403 -31.2% 68 -1.4%

Mar-2015 390 -27.6% 57 -16.2%

12-Month Avg* 566 -18.8% 83 -12.8%

Historical Inventory of Active Listings by Month

The number of properties available for sale in active status at the end of a given month.

* Active Listings for all properties from April 2014 through March 2015. This is not the average of the individual figures above.


577

108

539

68

390

57


March

0

200

400

600

800

1,000

1,200

1,400

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015- 16.2%- 37.0%- 27.6%- 6.6%

2013 2014 2015- 28.6% - 42.9%

Months Supply of Inventory

Months SupplySingleFamily


Townhouse-Condo


Apr-2014 2.2 -8.3% 1.1 -35.3%

May-2014 2.5 -10.7% 1.2 -20.0%

Jun-2014 2.6 -13.3% 1.3 -18.8%

Jul-2014 2.7 -15.6% 1.3 -31.6%

Aug-2014 2.7 -15.6% 1.4 -30.0%

Sep-2014 2.5 -21.9% 1.3 -31.6%

Oct-2014 2.3 -20.7% 1.2 -14.3%

Nov-2014 1.9 -26.9% 1.3 +8.3%

Dec-2014 1.6 -27.3% 1.4 +16.7%

Jan-2015 1.5 -31.8% 1.2 +9.1%

Feb-2015 1.5 -31.8% 1.0 0.0%

Mar-2015 1.5 -25.0% 0.8 -20.0%

12-Month Avg* 2.1 -20.0% 1.2 -18.3%

Historical Months Supply of Inventory by Month* Months Supply for all properties from April 2014 through March 2015. This is not the average of the individual figures above.


The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.

2.3

1.82.0

1.0

1.5

0.8


March

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015


2013 2014 2015- 20.0%- 44.4%- 25.0%- 13.0%

2013 2014 2015- 43.9% - 52.6%

All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.


-- --


-- --

Months Supply 1.8 1.3 - 28.0% --




Avg. Sales Price $271,800 $322,333 + 16.6% $271,137 $316,225

Days on Market 85 76 - 7.8% 90 83 - 7.8%

-- --

Sold Listings 294 310 + 5.4% 693 755 + 8.9%


+ 16.6%

- 10.0%

Pending Sales 428 376 - 12.1% 215 241 + 12.1%

New Listings 433 385 - 11.1% 1,111 1,000


3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

3-2012 3-2013 3-2014 3-2015

Sold Listings

By Price Range 3-2014 3-2015 Change 3-2014 3-2015 Change 2-2015 3-2015 Change 2-2015 3-2015 Change 3-2014 3-2015 Change 3-2014 3-2015 Change$99,999 and Below 31 29 - 6.5% 38 18 - 52.6% 4 2 - 50.0% 0 2 -- 7 8 + 14.3% 4 2 - 50.0%$100,000 to $199,999 424 219 - 48.3% 521 436 - 16.3% 16 8 - 50.0% 20 30 + 50.0% 78 35 - 55.1% 86 67 - 22.1%$200,000 to $299,999 1,567 1,459 - 6.9% 212 333 + 57.1% 55 79 + 43.6% 29 32 + 10.3% 286 216 - 24.5% 48 78 + 62.5%$300,000 to $399,999 651 865 + 32.9% 25 71 + 184.0% 53 83 + 56.6% 15 14 - 6.7% 102 183 + 79.4% 3 33 + 1000.0%$400,000 to $499,999 256 319 + 24.6% 16 5 - 68.8% 13 38 + 192.3% 0 1 -- 37 68 + 83.8% 2 1 - 50.0%$500,000 to $699,999 179 215 + 20.1% 3 5 + 66.7% 19 17 - 10.5% 0 0 -- 30 48 + 60.0% 1 0 - 100.0%$700,000 to $999,999 50 80 + 60.0% 0 1 -- 5 3 - 40.0% 0 0 -- 6 13 + 116.7% 0 0 --$1,000,000 to $1,999,999 11 19 + 72.7% 0 0 -- 0 1 -- 0 0 -- 2 3 + 50.0% 0 0 --$2,000,000 and Above 1 0 - 100.0% 0 1 -- 0 0 -- 0 0 -- 1 0 - 100.0% 0 0 --All Price Ranges 3,170 3,205 + 1.1% 815 870 + 6.7% 165 231 + 40.0% 64 79 + 23.4% 549 574 + 4.6% 144 181 + 25.7%

Inventory of Active Listings

By Price Range 3-2014 3-2015 Change 3-2014 3-2015 Change 2-2015 3-2015 Change 2-2015 3-2015 Change$99,999 and Below 21 3 - 85.7% 2 0 - 100.0% 2 3 + 50.0% 0 0 --$100,000 to $199,999 69 31 - 55.1% 26 6 - 76.9% 31 31 0.0% 4 6 + 50.0%$200,000 to $299,999 114 50 - 56.1% 32 23 - 28.1% 60 50 - 16.7% 26 23 - 11.5%$300,000 to $399,999 102 88 - 13.7% 6 17 + 183.3% 102 88 - 13.7% 29 17 - 41.4%$400,000 to $499,999 81 95 + 17.3% 1 8 + 700.0% 85 95 + 11.8% 6 8 + 33.3%$500,000 to $699,999 86 71 - 17.4% 1 0 - 100.0% 70 71 + 1.4% 0 0 --$700,000 to $999,999 44 35 - 20.5% 0 1 -- 38 35 - 7.9% 1 1 0.0%$1,000,000 to $1,999,999 21 16 - 23.8% 0 2 -- 14 16 + 14.3% 2 2 0.0%$2,000,000 and Above 1 1 0.0% 0 0 -- 1 1 0.0% 0 0 --All Price Ranges 539 390 - 27.6% 68 57 - 16.2% 403 390 - 3.2% 68 57 - 16.2%

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.


A measure of the number of homes available for sale at a given time.

Year over Year Compared to Prior Month Year to DateSingle Family Townhouse-Condo Single Family Townhouse-Condo Single Family Townhouse-Condo

Actual sales that have closed in a given quarter.

Rolling 12 Months Compared to Prior Month Year to DateSingle Family Townhouse-Condo Single Family Townhouse-Condo Single Family Townhouse-Condo

3,170

815

3,9853,205

870

4,075

Singe Family Townhouse-Condo All Properties

By Property Type 3-2014 3-2015

539

68

607390

57

447

Singe Family Townhouse-Condo All Properties

By Property Type

69

945

1,779

676272 182 50 11 147

655

1,792

936324 220 81 19 1

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $699K $700K to $799K $1.0M to $1.9M $2.0M+

By Price Range – All Properties – Rolling 12 Months 3-2014 3-2015

0.0%

2169

114 102 81 8644 21 13 31 50

88 95 7135 16 1

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $699K $700K to $799K $1.0M to $1.9M $2.0M+

By Price Range – All Properties

- 31.9% - 30.7% + 0.7% + 38.5% + 72.7%+ 19.1% + 20.9% + 62.0% + 1.1% + 6.7% + 2.3%

0.0%- 85.7% - 55.1% - 56.1% - 13.7% - 23.8%- 17.4% - 20.5% - 27.6% - 16.2% - 26.4%+ 17.3%

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


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.

Date post:	21-Jul-2016
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April Housing Report: With labor rates at a steady pace you can expect mortgage rates to remain low!

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