ly Market Detail - June 218 Summary Statistics June 218 June 217 Paid in Cash 1,335 1,346 -.8% 286 33-5.6% $355, $335, 6.% Average Sale Price Dollar Volume $598,494 $57,82 18.% $799. Million $682.5 Million 17.1% Median Percent of Original List Price Received 95.7% 95.5%.2% Median Time to Contract 43 Days 48 Days -1.4% Median Time to Sale 94 Days 1 Days -6.% New Pending Sales 1,364 1,745 1,471-7.3% 1,696 2.9% Pending Inventory 2,794 Inventory (Active Listings) 6,26 s Supply of Inventory 6. 2,878-2.9% 6,52 2.5% 5.4 11.1% 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 June 218 6,581 1,335-4.6% -.8% May 218 1,23-8.5% April 218 1,217 2.1% March 218 1,14-13.5% February 218 82-6.9% January 218 875 2.1% December 217 1,65 -.7% November 217 947-7.6% October 217 993 -.4% September 217 684-35.8% August 217 1,73-13.4% July 217 1,117-1.% June 217 1,346 3.9% 1,5 214 215 216 217 1, 5
ly Market Detail - June 218 Cash Sales The number of during in which buyers exclusively paid in cash Cash Sales Year-to-Date 1,621-9.9% June 218 286-5.6% May 218 314-5.1% April 218 274-6.8% March 218 248-29.1% February 218 238-17.6% January 218 261 12.5% December 217 261-1.% November 217 227-24.8% October 217 221-25.3% September 217 185-39.1% August 217 251-21.3% July 217 259-18.8% June 217 33-2.9% Cash Sales 6 5 4 3 2 1 214 215 216 217 Cash Sales as a Percentage of The percentage of during which were Cash Sales Percent of Closed Sales Paid in Cash Year-to-Date 24.6% -5.7% June 218 21.4% -4.9% May 218 25.5% 3.7% April 218 22.5% -8.9% March 218 22.5% -17.9% February 218 29.% -11.6% January 218 29.8% 1.% December 217 24.5% -9.6% November 217 24.% -18.6% October 217 22.3% -24.9% September 217 27.% -5.3% August 217 23.4% -8.9% July 217 23.2% -18.% June 217 22.5% -24.% Pct. of Paid in Cash 6% 5% 4% 3% 2% 1% % 214 215 216 217
ly Market Detail - June 218 The median sale price reported for (i.e. 5% of sales were above and 5% of sales were below) sold Year-to-Date $345, 7.3% June 218 $355, 6.% May 218 $35, 7.7% April 218 $345, 7.8% March 218 $348, 8.1% February 218 $332,5 3.6% January 218 $33, 6.5% December 217 $332,85 9.1% November 217 $33, 6.5% October 217 $34, 9.7% September 217 $335, 6.5% August 217 $337,5 12.5% July 217 $335, 12.% June 217 $335, 6.3% $4K $3K $2K $1K $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 $538,11 8.9% June 218 $598,494 18.% May 218 $547,64 13.% April 218 $52,378 2.8% March 218 $535,462 13.% February 218 $531,889 -.1% January 218 $465,672.6% December 217 $55,896 18.2% November 217 $484,69 7.% October 217 $484,815 5.% September 217 $477,15 3.% August 217 $466,553 1.6% July 217 $487,782 1.7% June 217 $57,82.7% Average Sale Price $7K $6K $5K $4K $3K $2K $1K $K 214 215 216 217
ly Market Detail - June 218 Dollar Volume The sum of the sale prices for all sales which closed during Dollar Volume Year-to-Date $3.5 Billion 3.9% June 218 $799. Million 17.1% May 218 $673.6 Million 3.4% April 218 $633.3 Million 4.9% March 218 $591.2 Million -2.3% February 218 $436.1 Million -7.% January 218 $47.5 Million 2.7% December 217 $538.8 Million 17.4% November 217 $459. Million -1.2% October 217 $481.4 Million 4.6% September 217 $326.4 Million -33.9% August 217 $5.6 Million -12.% July 217 $544.9 Million.7% June 217 $682.5 Million 4.6% $1 B 214 215 216 217 Volume Dollar $8 M $6 M $4 M $2 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 95.6%.4% June 218 95.7%.2% May 218 96.%.5% April 218 95.8%.7% March 218 95.4%.1% February 218 95.4%.5% January 218 95.%.5% December 217 95.6% -.1% November 217 95.4% -.1% October 217 95.4%.1% September 217 95.1% -.6% August 217 95.5% -.5% July 217 95.6% -.1% June 217 95.5%.% Med. Pct. of Orig. List Price Received 12% 1% 8% 6% 4% 2% % 214 215 216 217
ly Market Detail - June 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 46 Days -11.5% June 218 43 Days -1.4% May 218 44 Days -8.3% April 218 45 Days -8.2% March 218 49 Days -3.9% February 218 46 Days -24.6% January 218 47 Days -23.% December 217 43 Days -14.% November 217 55 Days 1.% October 217 47 Days -6.% September 217 41 Days -8.9% August 217 45 Days 4.7% July 217 41 Days -12.8% June 217 48 Days 2.1% 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 95 Days -8.7% June 218 94 Days -6.% May 218 92 Days -6.1% April 218 9 Days -1.9% March 218 95 Days -9.5% February 218 94 Days -16.1% January 218 98 Days -13.3% December 217 97 Days -8.5% November 217 18 Days.9% October 217 12 Days -1.9% September 217 92 Days -8.9% August 217 96 Days -5.% July 217 92 Days -8.9% June 217 1 Days -5.7% Median Time to Sale 14 12 1 8 6 4 2 214 215 216 217
ly Market Detail - June 218 New Pending Sales The number of listed properties that went under contract during New Pending Sales Year-to-Date 8,354-6.8% June 218 1,364-7.3% May 218 1,457-6.7% April 218 1,531 1.2% March 218 1,43-19.% February 218 1,323-5.2% January 218 1,276-1.2% December 217 1,31-4.4% November 217 1,199.4% October 217 1,239 2.3% September 217 752-47.2% August 217 1,433 3.8% July 217 1,226-6.6% June 217 1,471-5.3% 2, 214 215 216 217 Pending Sales 1,5 1, 5 The number of properties put onto the market during of value and in the most recent cycle, rising prices have freed up new Year-to-Date 11,44 4.1% June 218 1,745 2.9% May 218 1,881 -.4% April 218 1,865 14.4% March 218 1,865-3.6% February 218 1,775 11.3% January 218 1,913 2.2% December 217 1,271 7.9% November 217 1,584 1.6% October 217 1,76 9.3% September 217 967-44.7% August 217 1,876 5.2% July 217 1,772 9.2% June 217 1,696-8.9% 2,5 214 215 216 217 2, 1,5 1, 5
ly Market Detail - June 218 Inventory (Active Listings) The number of property listings active at the end of Inventory YTD (ly Avg) 6,38.% June 218 6,26 2.5% May 218 6,219.4% April 218 6,39 2.1% March 218 6,517 2.5% February 218 6,342-2.3% January 218 6,255-5.1% December 217 5,969-4.% November 217 6,191-6.3% October 217 6,152-4.8% September 217 6,6-4.8% August 217 6,268-1.2% July 217 6,187-1.8% June 217 6,52-3.8% Inventory 7, 6, 5, 4, 3, 2, 1, 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. 5.3% June 218 6. 11.1% May 218 6. 7.1% April 218 6. 7.1% March 218 6.2 6.9% February 218 6. 1.7% January 218 5.9-1.7% December 217 5.6-1.8% November 217 5.8-3.3% October 217 5.7-3.4% September 217 5.7-1.7% August 217 5.7.% July 217 5.5-3.5% June 217 5.4-3.6% s Supply of Inventory 7. 6. 5. 4. 3. 2. 1.. 214 215 216 217
Median Time to Contract ly Market Detail - June 218 by Sale Price The number of sales transactions which closed during : important indicators 4 35 3 25 2 15 1 5 2 18 16 14 12 1 8 6 4 2 Less than $5, Less than $5, June 217 June 218 $5, - $99,999 $5, - $99,999 $1, - $149,999 $1, - $149,999 $15, - $199,999 June 217 June 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 $1, - $149,999 24-44.2% $15, - $199,999 57-47.2% $2, - $249,999 127-24.4% $25, - $299,999 216 11.3% $3, - $399,999 379 14.2% $4, - $599,999 251 9.6% $6, - $999,999 144 1.4% $1,, or more 124 17.% Sale Price $15, - $199,999 33 Days 13.8% $2, - $249,999 24 Days -11.1% $25, - $299,999 Median Time to Contract Less than $5, 18 Days -45.5% $5, - $99,999 66 Days 164.% $1, - $149,999 Less than $5, 8-2.% $5, - $99,999 5-64.3% $3, - $399,999 33 Days 3.1% 25 Days -32.4% $3, - $399,999 37 Days -14.% $4, - $599,999 57 Days -16.2% $6, - $999,999 68 Days -24.4% $1,, or more 93 Days -45.9% $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 2 18 16 14 12 1 8 6 4 2
ly Market Detail - June 218 Inventory by Initial Listing Price The number of properties put onto the market during : value and 6 5 4 3 2 1 2, 1,8 1,6 1,4 1,2 1, 8 6 4 2 Less than $5, Less than $5, new June 217 June 218 $5, - $99,999 $5, - $99,999 $1, - $149,999 $1, - $149,999 $15, - $199,999 June 217 June 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 $5, - $99,999 8-63.6% $1, - $149,999 33-31.3% $15, - $199,999 78-13.3% $2, - $249,999 137-13.3% $25, - $299,999 231 9.5% $3, - $399,999 485 28.% $4, - $599,999 384 6.4% $6, - $999,999 187-11.4% $1,, or more 199-6.6% Current Listing Price Inventory Less than $5, 3.% $3, - $399,999 Less than $5, 4 1.% $5, - $99,999 8-6.% $1, - $149,999 55-14.1% $15, - $199,999 118-18.6% $2, - $249,999 26-2.5% $25, - $299,999 414-1.% $3, - $399,999 1,69 12.3% $4, - $599,999 1,513 13.1% $6, - $999,999 1,94-3.2% $1,, or more 1,725.1% $3, - $399,999 $4, - $599,999 $4, - $599,999 $6, - $999,999 $6, - $999,999 $1,, or more $1,, or more 6 5 4 3 2 1 2, 1,8 1,6 1,4 1,2 1, 8 6 4 2
ly Distressed Market - June 218 June 218 June 217 Traditional 1,241 1,215 2.1% $36, $349, 3.2% Foreclosure/REO 56 89-37.1% $273,5 $241,5 13.3% Short Sale 38 42-9.5% $251, $241,5 3.9% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $4, 214 215 216 217 Traditional Foreclosure/REO Short Sale $35, $3, $25, $2, $15, $1, $5, $ 214 215 216 217