GBRAR Market Indicators 07/2014

8/11/2019 GBRAR Market Indicators 07/2014

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Activity Overview

Key Metrics Historical Sparkbars 7-2013 7-2014 Percent Change YTD 2013 YTD 2014 Percent Change

Key metrics by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 1,212 1,251 + 3.2% 8,262 - 0.9%

Pending Sales 786 985 + 25.3% 5,403 6,012 + 11.3%

8,335

+ 3.2%

Days on Market 76 82 + 7.9% 89 87 - 2.2%

Closed Sales 839 856 + 2.0% 5,097 5,262

+ 1.2%

Average Sales Price $202,854 $196,914 - 2.9% $198,314 $199,879 + 0.8%

Median Sales Price $176,650 $182,900 + 3.5% $173,500 $175,585

Homes for Sale 4,439 4,003 - 9.8% -- --

Months Supply 6.5 5.3 - 18.5% --

Current as of August 11, 2014. All data from the Greater Baton Rouge Association of REALTORS MLS. Information deemed reliable but not guaranteed. Powered by 10K Research and Marketing. | Click for Cover Page | 2

+ 0.3%

Affordability Index 146 145 - 0.7% 149 151 + 1.3%

Pct. of List Price Received 96.7% 97.7% + 1.0% 96.9% 97.2%

--

-- --

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014


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New Listings

Prior Year Percent Change

August 2013 1,179 999 +18.0%

September 2013 1,092 919 +18.8%

October 2013 1,070 1,072 -0.2%

November 2013 811 814 -0.4%

December 2013 671 608 +10.4%

January 2014 996 1,191 -16.4%

February 2014 1,006 1,023 -1.7%

March 2014 1,129 1,213 -6.9%

April 2014 1,283 1,266 +1.3%

May 2014 1,254 1,249 +0.4%

June 2014 1,343 1,181 +13.7%July 2014 1,251 1,212 +3.2%

12-Month Avg 1,090 1,062 +2.6%

Historical New Listings by Month


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

New Listings

1,178 1,2121,251

2012 2013 2014

July

0

1,000

2,000

3,000

4,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

7,8908,335 8,262

2012 2013 2014

Year to Date

- 0.9%+ 2.9% + 3.2% + 5.6%+ 7.7% + 2.3%


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Pending Sales


August 2013 751 583 +28.8%

September 2013 610 582 +4.8%

October 2013 687 650 +5.7%

November 2013 573 538 +6.5%

December 2013 488 477 +2.3%

January 2014 669 606 +10.4%

February 2014 667 665 +0.3%

March 2014 842 875 -3.8%

April 2014 914 873 +4.7%

May 2014 961 828 +16.1%

June 2014 974 770 +26.5%July 2014 985 786 +25.3%

12-Month Avg 760 686 +10.8%

Historical Pending Sales by Month


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

Pending Sales

767 786

985

2012 2013 2014

July

0

500

1,000

1,500

2,000

2,500

3,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

4,9775,403

6,012

2012 2013 2014

Year to Date

+ 11.3%+ 2.5% + 25.3% + 8.6%+ 25.7% + 23.1%


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Closed Sales


August 2013 902 618 +46.0%

September 2013 731 698 +4.7%

October 2013 662 650 +1.8%

November 2013 588 557 +5.6%

December 2013 643 537 +19.7%

January 2014 523 479 +9.2%

February 2014 606 536 +13.1%

March 2014 657 758 -13.3%

April 2014 808 797 +1.4%

May 2014 917 836 +9.7%

June 2014 895 852 +5.0%July 2014 856 839 +2.0%

12-Month Avg 732 680 +7.6%

Historical Closed Sales by Month


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

Closed Sales

721

839 856

2012 2013 2014

July

0

500

1,000

1,500

2,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

4,423

5,097 5,262

2012 2013 2014

Year to Date

+ 3.2%+ 16.4% + 2.0% + 15.2%+ 16.5% + 18.5%


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Days on Market Until Sale


August 2013 78 104 -25.0%

September 2013 80 102 -21.6%

October 2013 85 95 -10.5%

November 2013 86 90 -4.4%

December 2013 79 86 -8.1%

January 2014 86 100 -14.0%

February 2014 94 99 -5.1%

March 2014 94 93 +1.1%

April 2014 92 91 +1.1%

May 2014 86 92 -6.5%

June 2014 81 81 0.0%July 2014 82 76 +7.9%

12-Month Avg* 85 92 -7.6%

Historical Days on Market Until Sale by Month


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

Days on Market

* Average Days on Market of all properties from August 2013 through July 201 4.

This is not the average of the individual figures above.

88

7682

2012 2013 2014

July

0

20

40

60

80

100

120

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

9889 87

2012 2013 2014

Year to Date

- 2.2%- 13.6% + 7.9% - 9.2%- 5.4% - 5.8%


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Median Sales Price


August 2013 $176,000 $170,700 +3.1%

September 2013 $169,900 $169,900 0.0%

October 2013 $170,858 $166,150 +2.8%

November 2013 $174,450 $172,900 +0.9%

December 2013 $179,500 $165,000 +8.8%

January 2014 $167,500 $162,000 +3.4%

February 2014 $164,950 $172,450 -4.3%

March 2014 $178,005 $168,048 +5.9%

April 2014 $171,443 $178,950 -4.2%

May 2014 $176,000 $173,500 +1.4%

June 2014 $185,000 $177,900 +4.0%July 2014 $182,900 $176,650 +3.5%

12-Month Med* $175,000 $171,878 +1.8%

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

* Median Sales Price of all properties from August 2013 through July 2014. This is

not the average of the individual figures above.

$171,707 $176,650$182,900

2012 2013 2014

July

$0

$50,000

$100,000

$150,000

$200,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

$165,900$173,500 $175,585

2012 2013 2014

Year to Date

+ 1.2%+ 2.9% + 3.5% + 4.6%+ 1.0% 0.0%


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Average Sales Price


August 2013 $202,850 $198,977 +1.9%

September 2013 $193,128 $197,728 -2.3%

October 2013 $197,266 $186,355 +5.9%

November 2013 $197,744 $205,357 -3.7%

December 2013 $203,204 $193,059 +5.3%

January 2014 $178,590 $174,690 +2.2%

February 2014 $193,480 $196,109 -1.3%

March 2014 $205,917 $194,552 +5.8%

April 2014 $200,839 $207,359 -3.1%

May 2014 $205,410 $197,982 +3.8%

June 2014 $208,529 $203,750 +2.3%July 2014 $196,914 $202,854 -2.9%

12-Month Avg* $199,525 $197,496 +1.0%

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

* Average Sales Price of all properties from August 2013 through July 2014. This is

not the average of the individual figures above.

$194,814$202,854 $196,914

2012 2013 2014

July

$0

$50,000

$100,000

$150,000

$200,000

$250,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

$189,350$198,314 $199,879

2012 2013 2014

Year to Date

+ 0.8%+ 4.1% - 2.9% + 4.7%+ 1.7% - 1.3%


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Percent of List Price Received


August 2013 97.3% 97.0% +0.3%

September 2013 97.3% 97.2% +0.1%

October 2013 96.5% 96.4% +0.1%

November 2013 96.7% 96.2% +0.5%

December 2013 97.1% 96.5% +0.6%

January 2014 96.8% 96.3% +0.5%

February 2014 96.4% 97.2% -0.8%

March 2014 97.1% 96.9% +0.2%

April 2014 97.1% 96.8% +0.3%

May 2014 97.4% 96.8% +0.6%

June 2014 97.6% 97.1% +0.5%July 2014 97.7% 96.7% +1.0%

12-Month Avg* 97.1% 96.8% +0.3%

Historical Percent of List Price Received by Month


Percentage found when dividing a propertys sales price by i ts 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

* Average Pct. of List Price Received for all properties from August 2013 through

July 2014. This is not the average of the individual figures above.

97.0% 96.7% 97.7%

2012 2013 2014

July

95%

96%

97%

98%

99%

100%

101%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

96.8% 96.9% 97.2%

2012 2013 2014

Year to Date

+ 0.3%- 0.3% + 1.0% + 0.1%+ 0.2% + 0.1%


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Housing Affordability Index


August 2013 145 160 -9.4%

September 2013 152 164 -7.3%

October 2013 151 166 -9.0%

November 2013 157 161 -2.5%

December 2013 145 170 -14.7%

January 2014 152 175 -13.1%

February 2014 157 160 -1.9%

March 2014 146 164 -11.0%

April 2014 151 157 -3.8%

May 2014 151 156 -3.2%

June 2014 143 144 -0.7%July 2014 145 146 -0.7%

12-Month Avg 150 150 0.0%

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.

Affordability Index

160146 145

2012 2013 2014

July

0

50

100

150

200

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

165149 151

2012 2013 2014

Year to Date

+ 1.3%- 8.8% - 0.7% - 9.7%+ 9.6% + 10.7%


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Inventory of Homes for Sale


August 2013 4,439 4,656 -4.7%

September 2013 4,525 4,519 +0.1%

October 2013 4,526 4,467 +1.3%

November 2013 4,410 4,361 +1.1%

December 2013 4,161 4,033 +3.2%

January 2014 4,115 4,213 -2.3%

February 2014 4,138 4,270 -3.1%

March 2014 4,105 4,247 -3.3%

April 2014 4,157 4,291 -3.1%

May 2014 4,133 4,367 -5.4%

June 2014 4,141 4,405 -6.0%July 2014 4,003 4,439 -9.8%

12-Month Avg* 4,238 4,356 -2.7%

Historical Inventory of Homes for Sale by Month


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

Homes for Sale

* Homes for Sale for all properties from August 2013 through July 2014. This is not

the average of the individual figures above.

4,671 4,4394,003

2012 2013 2014

July

0

1,000

2,000

3,000

4,000

5,000

6,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

- 5.0% - 9.8%- 8.6%


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Months Supply of Inventory


August 2013 6.3 7.5 -16.0%

September 2013 6.4 7.2 -11.1%

October 2013 6.4 7.0 -8.6%

November 2013 6.2 6.8 -8.8%

December 2013 5.9 6.2 -4.8%

January 2014 5.8 6.4 -9.4%

February 2014 5.8 6.5 -10.8%

March 2014 5.8 6.4 -9.4%

April 2014 5.8 6.4 -9.4%

May 2014 5.7 6.4 -10.9%

June 2014 5.6 6.4 -12.5%July 2014 5.3 6.5 -18.5%

12-Month Avg* 5.9 6.6 -10.6%

Historical Months Supply of Inventory by Month


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

Months Supply

* Months Supply for all properties from August 2013 through July 2014. This is not

the average of the individual figures above.

7.4

6.5

5.3

2012 2013 2014

July

0

5

10

15

20

25

30

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014

- 12.2% - 18.5%- 25.3%

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GBRAR Market Indicators 07/2014

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