Number of Homes For Sale vs. Sold vs. Pended (May. 2016 - Jul. 2017) Jun. 17 For Sale 2979 2619 13.7% 2979 3581-16.8% 2979 3581-16.8% 2897 2761 4.9% Sold 2663 3119-14.6% 2663 2795-4.7% 8542 8485 0.7% 490 505-3% Pended 2745 2980-7.9% 2745 2691 2% 8756 8648 1.2% 801 540 48.3% 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.
Average Price per SQFT (Sold) (May. 2016 - Jul. 2017) Avg. Sq. Ft. Price (Sold) Jun. 17 340 337 0.9% 340 301 13% 336 296.25 13.4% 346 340 1.8% 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.
Avg CDOM & Sold/List Price % (May. 2016 - Jul. 2017) Jun. 17 Avg CDOM 16 17-5.9% 16 19-15.8% 18 20-10% 22 14 57.1% Sold/List Diff. % 103 104-1% 103 102 1% 104 103 1% 101 105-3.8% 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.
Avg Prices & Median Price (May. 2016 - Jul. 2017) Jun. 17 Median 660 656 0.6% 660 550 20% 650 563 15.5% 651 645 0.9% Avg. Active Price Avg. Sold Price 1159 1242-6.7% 1159 1029 12.6% 1228 1068 15% 1142 1206-5.3% 769 773 0.5% 769 676 13.8% 766 671 14.2% 815 748 9% 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.
Months of Inventory Based on Pended Sales (May. 2016 - Jul. 2017) Months of Inventory (Pended Sales) Jun. 17 1.1 0.9 22.8% 1.1 1.3-15% 0.9 1.1-18% 3.6 5.1-29.3% 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.
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 2737 3241 3581 3521 3743 3154 2362 1776 1614 1485 1695 1911 2134 2619 2979 New Listing 3555 3877 3577 3188 3229 2242 1582 1055 1770 1887 2879 2875 3615 3865 3327 Sold 2612 3078 2795 2889 2584 2490 2262 2193 1560 1471 2188 2103 2760 3119 2663 Pended 3039 2918 2691 2709 2400 2317 1837 1371 1663 1777 2367 2445 3031 2980 2745 Months of Inventory (Closed Sales) 1 1.1 1.3 1.2 1.4 1.3 1 0.8 1 1 0.8 0.9 0.8 0.8 1.1 Months of Inventory (Pended Sales) 0.9 1.1 1.3 1.3 1.6 1.4 1.3 1.3 1 0.8 0.7 0.8 0.7 0.9 1.1 Absorption Rate (Closed Sales) % 95.4 95 78.1 82.1 69 78.9 95.8 123.5 96.7 99.1 129.1 110 129.3 119.1 89.4 Absorption Rate (Pended Sales) % 111 90 75.1 76.9 64.1 73.5 77.8 77.2 103 119.7 139.6 127.9 142 113.8 92.1 Avg. Active Price 1111 1074 1029 1016 1002 1035 1091 1148 1191 1291 1294 1273 1307 1242 1159 Avg. Sold Price 668 669 676 656 645 665 664 656 647 697 713 744 754 773 769 Avg. Sq. Ft. Price (Sold) 295 293 301 291 290 293 295 286 291 305 315 327 331 337 340 Sold/List Diff. % 103 103 102 101 101 101 100 100 100 102 103 104 104 104 103 Sold/Orig LP Diff. % 102 102 101 100 100 100 99 99 99 101 102 104 104 104 103 Days on Market 20 20 19 22 24 27 29 32 39 38 30 19 18 16 16 Avg CDOM 21 21 19 23 26 30 32 34 43 42 32 21 20 17 16 Median 560 579 550 553 536 556 555 553 535 578 600 630 640 656 660