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% Pended 788 796-1% 788 834-5.5% 2171 2258-3.9% 248 203 22.2% April 2017 is a Seller's market** Home For Sale in April 2017 is 521 units. It is up 18.9% compared to the last month and down 18.1% compared to the last year. Home Closed in April 2017 is 699 units. It is down 10.7% compared to the last month and down 9.9% compared to the last year. Home Placed under Contract in April 2017 is 788 units. It is down 1% compared to the last month and down 5.5% 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) (Feb. 2016 - Apr. 2017) Avg. Sq. Ft. Price (Sold) Mar. 17 404 386 4.7% 404 355 13.8% 392.03 348.89 12.4% 405 405 0% April 2017 Average Sold Price per Square Footage is Appreciating** Average Sold Price per Square Footage in April 2017 is $404. It is up 4.7% compared to the last month and up 13.8% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.
Avg CDOM & Sold/List Price % (Feb. 2016 - Apr. 2017) Mar. 17 Avg CDOM 15 23-34.8% 15 18-16.7% 22 21 4.8% 16 16 0% Sold/List Diff. % 106 105 1% 106 104 1.9% 105 104 1% 107 104 2.9% April 2017 Average Continuous Days on Market trend is Falling** Continuous Days on Market in April 2017 is 15. It is down 34.8% compared to the last month and down 16.7% compared to the last year. April 2017 Sold/List Price Ratio is Rising** Sold/List Price % in April 2017 is 106%. It is up 1% compared to the last month and up 1.9% compared to the last year. **Based on 6 month trend - Rising/Falling/Remains Steady.
Avg Prices & Median Price (Feb. 2016 - Apr. 2017) Mar. 17 Median 700 680 2.9% 700 620 12.9% 690 620 11.3% 760 720 5.6% Avg. Active Price Avg. Sold Price 1364 1438-5.1% 1364 1070 27.5% 1409 1108 27.2% 1395 1406 0.8% 818 763 7.2% 818 716 14.2% 787 701 12.3% 819 836-2% April 2017 Median Sold Price is Appreciating** Average Median Sold Price in April 2017 is $700. It is up 2.9% compared to the last month and up 12.9% compared to the last year. April 2017 Average For Sale Price is Neutral** Average For Sale Price (in thousand) in April 2017 is $1364. It is down 5.1% compared to the last month and up 27.5% compared to the last year. April 2017 Average Sold Price is Appreciating** Average Sold Price (in thousand) in April 2017 is $818. It is up 7.2% compared to the last month and up 14.2% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.
Months of Inventory Based on Pended Sales (Feb. 2016 - Apr. 2017) Months of Inventory (Pended Sales) Mar. 17 0.7 0.6 18.2% 0.7 0.8-13.1% 0.6 0.7-13.4% 2.2 2.3-4.3% April 2017 is a Seller's market** Months of Inventory based on Pended Sales in April 2017 is 0.7. It is up 18.2% compared to the last month and down 13.1% 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 2/16 3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 For Sale 494 535 636 633 688 833 801 966 804 560 399 421 394 438 521 New Listing 670 976 1031 1101 1154 1113 1002 1160 795 521 337 586 640 940 907 Sold 436 669 776 858 1018 881 936 802 829 779 696 506 455 783 699 Pended 603 821 834 984 973 818 869 807 803 613 425 495 587 796 788 Months of Inventory (Closed Sales) 1.1 0.8 0.8 0.7 0.7 0.9 0.9 1.2 1 0.7 0.6 0.8 0.9 0.6 0.7 Months of Inventory (Pended Sales) 0.8 0.7 0.8 0.6 0.7 1 0.9 1.2 1 0.9 0.9 0.9 0.7 0.6 0.7 Absorption Rate (Closed Sales) % 88.3 125 122 135.5 148 105.8 116.9 83 103.1 139.1 174.4 120.2 115.5 178.8 134.2 Absorption Rate (Pended Sales) % 122.1 153.5 131.1 155.5 141.4 98.2 108.5 83.5 99.9 109.5 106.5 117.6 149 181.7 151.2 Avg. Active Price 1130 1132 1070 1177 1180 1073 1111 1068 1099 1254 1332 1306 1436 1438 1364 Avg. Sold Price 683 696 716 703 732 754 685 699 698 690 704 692 781 763 818 Avg. Sq. Ft. Price (Sold) 344 345 355 349 353 372 354 348 350 348 361 360 384 386 404 Sold/List Diff. % 103 105 104 105 104 103 103 102 102 101 101 101 103 105 106 Sold/Orig LP Diff. % 103 104 103 104 104 102 102 101 101 100 100 100 101 104 106 Days on Market 24 18 18 14 15 17 16 19 17 21 23 28 31 22 13 Avg CDOM 28 21 18 16 17 17 16 21 22 22 26 30 33 23 15 Median 625 608 620 625 650 630 610 608 605 607 639 626 680 680 700