Facts and Trends TM - Published August 2017*
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- Gillian Naomi Chase
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1 Number of Homes For Sale vs. Sold vs. Pended (May Jul. 2017) Jun. 17 For Sale % % % % Sold % % % % Pended % % % % July 2017 is a Seller's market** Home For Sale in July 2017 is 2979 units. It is up 13.7% compared to the last month and down 16.8% compared to the last year. Home Closed in July 2017 is 2663 units. It is down 14.6% compared to the last month and down 4.7% compared to the last year. Home Placed under Contract in July 2017 is 2745 units. It is down 7.9% compared to the last month and up 2% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3-6 months of inventory based on closed sales.
2 Average Price per SQFT (Sold) (May Jul. 2017) Avg. Sq. Ft. Price (Sold) Jun % % % % July 2017 Average Sold Price per Square Footage is Appreciating** Average Sold Price per Square Footage in July 2017 is $340. It is up 0.9% compared to the last month and up 13% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.
3 Avg CDOM & Sold/List Price % (May Jul. 2017) Jun. 17 Avg CDOM % % % % Sold/List Diff. % % % % % July 2017 Average Continuous Days on Market trend is Falling** Continuous Days on Market in July 2017 is 16. It is down 5.9% compared to the last month and down 15.8% compared to the last year. July 2017 Sold/List Price Ratio Remains Steady** Sold/List Price % in July 2017 is 103%. It is down 1% compared to the last month and up 1% compared to the last year. **Based on 6 month trend - Rising/Falling/Remains Steady.
4 Avg Prices & Median Price (May Jul. 2017) Jun. 17 Median % % % % Avg. Active Price Avg. Sold Price % % % % % % % % July 2017 Median Sold Price is Appreciating** Average Median Sold Price in July 2017 is $660. It is up 0.6% compared to the last month and up 20% compared to the last year. July 2017 Average For Sale Price is Depreciating** Average For Sale Price (in thousand) in July 2017 is $1159. It is down 6.7% compared to the last month and up 12.6% compared to the last year. July 2017 Average Sold Price is Neutral** Average Sold Price (in thousand) in July 2017 is $769. It is down 0.5% compared to the last month and up 13.8% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.
5 Months of Inventory Based on Pended Sales (May Jul. 2017) Months of Inventory (Pended Sales) Jun % % % % July 2017 is a Seller's market** Months of Inventory based on Pended Sales in July 2017 is 1.1. It is up 22.8% compared to the last month and down 15% compared to the last year. **Buyer's market: more than 6 months of inventory based on pended sales. Seller's market: less than 3 months of inventory based on pended sales. Neutral market: 3-6 months of inventory based on pended sales.
6 Date 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 5/17 6/17 7/17 For Sale New Listing Sold Pended Months of Inventory (Closed Sales) Months of Inventory (Pended Sales) Absorption Rate (Closed Sales) % Absorption Rate (Pended Sales) % Avg. Active Price Avg. Sold Price Avg. Sq. Ft. Price (Sold) Sold/List Diff. % Sold/Orig LP Diff. % Days on Market Avg CDOM Median
Facts and Trends TM - Published May 2017*
Number of Homes For Sale vs. Sold vs. Pended (Feb. 2016 - Apr. 2017) Mar. 17 For Sale 521 438 18.9% 521 636-18.1% 521 636-18.1% 537 474 13.3% Sold 699 783-10.7% 699 776-9.9% 1937 1881 3% 153 103 48.5%
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