ly Market Detail - May 218 Summary Statistics May 218 May 217 Paid in Cash 1,667 1,647 1.2% 888 943-5.8% $168, $159, 5.7% Average Sale Price Dollar Volume $231,288 $21,944 9.6% $385.6 Million $347.4 Million 11.% Median Percent of Original List Price Received 94.3% 93.9%.4% Median Time to Contract 45 Days 54 Days -16.7% Median Time to Sale 87 Days 97 Days -1.3% New Pending Sales New Listings 1,835 2,236 1,838 -.2% 2,166 3.2% Pending Inventory 3,33 Inventory (Active Listings) 7,9 s Supply of Inventory 5.8 3,163 4.4% 8,389-5.8% 6. -3.3% The number of sales transactions which closed during : are one of the simplest yet most important indicators for the residential real estate market. When Year-to-Date 7,241 2.4% May 218 1,667 1.2% April 218 1,631 9.5% March 218 1,524-8.9% February 218 1,252 6.9% January 218 1,167 7.3% December 217 1,338-1.2% November 217 1,244 3.6% October 217 1,23-2.1% September 217 1,12-19.% August 217 1,36-1.6% July 217 1,346-2.7% June 217 1,62-2.% May 217 1,647.1% 2, 214 215 216 217 1,5 1, 5
ly Market Detail - May 218 Cash Sales The number of during in which buyers exclusively paid in cash Cash Sales Year-to-Date 4,132-4.6% May 218 888-5.8% April 218 891-3.% March 218 89-14.2% February 218 782 4.% January 218 681.4% December 217 723-9.1% November 217 719-2.7% October 217 642-13.4% September 217 62-22.3% August 217 752-14.7% July 217 744-11.5% June 217 93-6.2% May 217 943-6.4% Cash Sales 1,2 1, 8 6 4 2 214 215 216 217 Cash Sales as a Percentage of The percentage of during which were Cash Sales Percent of Closed Sales Paid in Cash Year-to-Date 57.1% -6.7% May 218 53.3% -7.% April 218 54.6% -11.5% March 218 58.4% -5.8% February 218 62.5% -2.6% January 218 58.4% -6.3% December 217 54.% -8.% November 217 57.8% -6.% October 217 52.2% -11.4% September 217 56.3% -4.1% August 217 55.3% -4.7% July 217 55.3% -9.% June 217 56.4% -4.2% May 217 57.3% -6.4% Pct. of Paid in Cash 1% 8% 6% 4% 2% % 214 215 216 217
ly Market Detail - May 218 The median sale price reported for (i.e. 5% of sales were above and 5% of sales were below) sold Year-to-Date $16, 7.7% May 218 $168, 5.7% April 218 $161,5 8.8% March 218 $162,75 1.% February 218 $158, 6.9% January 218 $155,562 8.8% December 217 $165, 1.2% November 217 $16, 1.3% October 217 $155, 6.9% September 217 $156, 4.% August 217 $156, 7.8% July 217 $158, 9.3% June 217 $16, 7.2% May 217 $159, 11.6% $2K $15K $1K $5K $K 214 215 216 217 Average Sale Price The average sale price reported for (i.e. total sales in dollars divided by the number of sales) Sale Price does have its uses particularly when it is analyzed Average Sale Price Year-to-Date $222,759 12.7% May 218 $231,288 9.6% April 218 $226,422 15.2% March 218 $218,841 14.% February 218 $22,316 17.3% January 218 $213,193 7.7% December 217 $213,85 11.% November 217 $29,437 4.6% October 217 $195,24 9.2% September 217 $2,294 7.2% August 217 $199,64 8.1% July 217 $27,723 12.2% June 217 $214,677 14.% May 217 $21,944 8.4% Average Sale Price $25K $2K $15K $1K $5K $K 214 215 216 217
ly Market Detail - May 218 Dollar Volume The sum of the sale prices for all sales which closed during Dollar Volume Year-to-Date $1.6 Billion 15.5% May 218 $385.6 Million 11.% April 218 $369.3 Million 26.2% March 218 $333.5 Million 3.8% February 218 $275.8 Million 25.4% January 218 $248.8 Million 15.6% December 217 $286.1 Million 9.7% November 217 $26.5 Million 8.4% October 217 $24.1 Million 6.9% September 217 $22.7 Million -13.1% August 217 $271.5 Million -3.4% July 217 $279.6 Million 9.2% June 217 $343.9 Million 11.7% May 217 $347.4 Million 8.5% $5 M 214 215 216 217 Volume Dollar $4 M $3 M $2 M $1 M $ Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during lagging Med. Pct. of Orig. List Price Received Year-to-Date 94.3%.4% May 218 94.3%.4% April 218 94.5%.7% March 218 94.1%.2% February 218 94.4%.2% January 218 94.1%.5% December 217 94.2%.4% November 217 94.3%.2% October 217 94.% -.2% September 217 94.3%.3% August 217 94.3%.4% July 217 94.5%.7% June 217 94.1%.3% May 217 93.9%.% Med. Pct. of Orig. List Price Received 1% 8% 6% 4% 2% % 214 215 216 217
ly Market Detail - May 218 Median Time to Contract The median number of days between the listing date and contract date for all during Median Time to Contract Year-to-Date 51 Days -1.5% May 218 45 Days -16.7% April 218 48 Days -12.7% March 218 52 Days -14.8% February 218 57 Days -12.3% January 218 55 Days 3.8% December 217 51 Days -12.1% November 217 62 Days -3.1% October 217 58 Days.% September 217 51 Days -21.5% August 217 57 Days -3.4% July 217 57 Days -9.5% June 217 58 Days -3.3% May 217 54 Days -1.8% Median Time to Contract 8 6 4 2 214 215 216 217 Median Time to Sale The median number of days between the listing date and closing date for all during more Median less Median Time to Sale Year-to-Date 93 Days -7.% May 218 87 Days -1.3% April 218 88 Days -9.3% March 218 94 Days -1.5% February 218 98 Days -6.7% January 218 97 Days -1.% December 217 93 Days -7.9% November 217 14 Days -1.9% October 217 14 Days 1.% September 217 1 Days -1.7% August 217 11 Days -1.9% July 217 1 Days -8.3% June 217 1 Days -5.7% May 217 97 Days -1.% Median Time to Sale 12 1 8 6 4 2 214 215 216 217
ly Market Detail - May 218 New Pending Sales The number of listed properties that went under contract during New Pending Sales Year-to-Date 9,182.9% May 218 1,835 -.2% April 218 1,932 8.5% March 218 1,918-7.2% February 218 1,724-5.1% January 218 1,773 1.8% December 217 1,325-2.9% November 217 1,483 6.2% October 217 1,615 8.5% September 217 995-37.5% August 217 1,786 3.8% July 217 1,582-6.7% June 217 1,74-4.2% May 217 1,838 2.6% 2,5 214 215 216 217 Pending Sales 2, 1,5 1, 5 New Listings The number of properties put onto the market during of value and in the most recent cycle, rising prices have freed up new New Listings Year-to-Date 11,874 3.8% May 218 2,236 3.2% April 218 2,265 8.8% March 218 2,416 2.8% February 218 2,396 7.8% January 218 2,561-2.1% December 217 1,672-4.1% November 217 2,43 -.9% October 217 2,168 16.5% September 217 1,272-34.1% August 217 2,74-1.9% July 217 1,879 -.8% June 217 2,91 5.4% May 217 2,166 4.8% New Listings 3, 2,5 2, 1,5 1, 5 214 215 216 217
ly Market Detail - May 218 Inventory (Active Listings) The number of property listings active at the end of Inventory YTD (ly Avg) 8,142-6.5% May 218 7,9-5.8% April 218 8,74-4.9% March 218 8,338-4.7% February 218 8,322-7.% January 218 8,74-9.8% December 217 7,62-8.1% November 217 7,847-7.8% October 217 7,699-6.7% September 217 7,644-6.4% August 217 7,76-6.3% July 217 7,886-4.9% June 217 8,178-5.4% May 217 8,389-8.8% Inventory 12, 1, 8, 6, 4, 2, 214 215 216 217 s Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates s Supply YTD (ly Avg) 6. -3.2% May 218 5.8-3.3% April 218 5.9-3.3% March 218 6.1-1.6% February 218 6.1-4.7% January 218 5.9-7.8% December 217 5.6-6.7% November 217 5.8-4.9% October 217 5.7-3.4% September 217 5.6-3.4% August 217 5.6-3.4% July 217 5.7-3.4% June 217 5.9-3.3% May 217 6. -7.7% s Supply of Inventory 8. 6. 4. 2.. 214 215 216 217
Median Time to Contract ly Market Detail - May 218 by Sale Price The number of sales transactions which closed during : important indicators 4 35 3 25 2 15 1 5 3 25 2 15 1 5 Less than $5, Less than $5, May 217 May 218 $5, - $99,999 $5, - $99,999 $1, - $149,999 $1, - $149,999 $15, - $199,999 May 217 May 218 $15, - $199,999 simplest yet $2, - $249,999 $2, - $249,999 $25, - $299,999 Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all during $25, - $299,999 Sale Price Less than $5, 64-34.7% $5, - $99,999 299-2.9% $1, - $149,999 357-1.4% $15, - $199,999 271-1.1% $2, - $249,999 197-3.9% $25, - $299,999 171 29.5% $3, - $399,999 151 18.% $4, - $599,999 87 29.9% $6, - $999,999 44-8.3% $1,, or more 26 4.% $3, - $399,999 Sale Price $5, - $99,999 47 Days -13.% $1, - $149,999 Median Time to Contract Less than $5, 57 Days -12.3% 42 Days -16.% $15, - $199,999 39 Days -11.4% $2, - $249,999 41 Days -4.7% $25, - $299,999 41 Days 24.2% $3, - $399,999 44 Days -45.7% $4, - $599,999 93 Days -2.5% $6, - $999,999 112 Days 23.1% $1,, or more 55 Days -77.2% $3, - $399,999 $4, - $599,999 $4, - $599,999 $6, - $999,999 $6, - $999,999 $1,, or more $1,, or more 4 35 3 25 2 15 1 5 3 25 2 15 1 5
New Listings Inventory ly Market Detail - May 218 New Listings by Initial Listing Price The number of properties put onto the market during : value and 5 45 4 35 3 25 2 15 1 5 1,6 1,4 1,2 1, 8 6 4 2 Less than $5, Less than $5, new May 217 May 218 $5, - $99,999 $5, - $99,999 $1, - $149,999 $1, - $149,999 $15, - $199,999 May 217 May 218 $15, - $199,999 $2, - $249,999 Inventory by Current Listing Price The number of property listings active at the end of $2, - $249,999 $25, - $299,999 $25, - $299,999 Initial Listing Price New Listings Less than $5, 45-5.% $5, - $99,999 326-9.4% $1, - $149,999 46 4.8% $15, - $199,999 37.% $2, - $249,999 247 3.8% $25, - $299,999 276 41.5% $3, - $399,999 235 7.8% $4, - $599,999 137 16.1% $6, - $999,999 91 9.6% $1,, or more 49-1.9% $3, - $399,999 Current Listing Price Inventory Less than $5, 138-49.1% $5, - $99,999 1,137-19.% $1, - $149,999 1,273-7.4% $15, - $199,999 1,79-3.2% $2, - $249,999 816.4% $25, - $299,999 743 5.4% $3, - $399,999 917-2.4% $4, - $599,999 765.7% $6, - $999,999 564 2.2% $1,, or more 468 3.1% $3, - $399,999 $4, - $599,999 $4, - $599,999 $6, - $999,999 $6, - $999,999 $1,, or more $1,, or more 5 45 4 35 3 25 2 15 1 5 1,6 1,4 1,2 1, 8 6 4 2
ly Distressed Market - May 218 May 218 May 217 Traditional 1,611 1,547 4.1% $171, $16, 6.9% Foreclosure/REO 42 86-51.2% $11,954 $116,825-12.7% Short Sale 14 14.% $141,75 $156, -9.1% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $18, 214 215 216 217 Traditional Foreclosure/REO Short Sale $16, $14, $12, $1, $8, $6, $4, $2, $ 214 215 216 217