ga realtors stats may 2012
TRANSCRIPT
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7/28/2019 GA Realtors Stats May 2012
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Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE GEORGIA ASSOCIATION OF REALTORS
May 2012
2 Market Overview
3 New Listings
4 Pending Sales
5 Closed Sales
6 Days On Market Until Sale7 Median Sales Price
8 Average Sales Price
9
10 Housing Affordability Index
11 Inventory of Homes for Sale
12 Months Supply of Inventory
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Powered by 10K Research and Marketing. | 1
Quick Facts
+ 3.0% + 1.8% - 31.4%
Change inClosed Sales
Change inMedian Sales Price
Change inInventory
Click on desired metric to jump to that page.
Spring has brought both change and clarity to our local market. Some sellers
are seeing competing bids on their properties which have led to modest price
gains. Buyers have fewer options from which to choose in many submarkets.
Headlines and sound bites can often mask regional variability. With fewerdistressed properties selling, prices are effectively melting up due to less
downward pressure. May looked pretty good all around.
New Listings in the state of Georgia decreased 13.4 percent to 11,972. Pending
Sales were up 32.5 percent to 10,117. Inventory levels shrank 31.4 percent to
49,049 units.
Prices moved higher. The Median Sales Price increased 1.8 percent to
$109,900. Days on Market was down 7.6 percent to 85 days. The supply-
demand balance stabilized as Months Supply of Inventory was down 44.0
percent to 6.7 months.
In economic news, May's jobs report was disappointing, and there's a growing
concern about the pace of domestic growth. Last month was also unsettling for
investors, prompting some to hunt for better returns in the housing market. This
forces other consumers up the price ladder. In politics, the Senate approved a
60-day National Flood Insurance Program extension. But with campaign season
upon us, major housing-related bills or policy shifts are unlikely.
Percent of Original List Price Received
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7/28/2019 GA Realtors Stats May 2012
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Market OverviewKey market metrics for the current month and year-to-date.
Key Metrics Historical Sparklines 5-2011 5-2012 + / YTD 2011 YTD 2012 + /
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 2
224
--
-- --
--
--Months Supply
of Homes for Sale
219
- 31.4%
- 44.0%
49,049
6.712.0
Inventory of Homes for Sale
- 0.3%
$105,600 $98,000
+ 2.7%
- 7.6% 95 91 - 4.7%
- 7.2%
+ 3.7% 88.2% 90.6%
30,132
New Listings
Pending Sales
Closed Sales
- 13.5%
7,634 10,117 + 32.5% 34,638 41,629 + 20.2%
62,18613,830 11,972 - 13.4% 71,891
7,453
89.1%
7,675 + 3.0%
92.4%
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of Original
List Price Received
+ 1.8%
$151,786 + 0.6%
Housing Affordability Index
34,164 + 13.4%
220
71,511
92 85
238 + 6.5%
--
$146,343 $139,627 - 4.6%
$107,950 $109,900
$152,740
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
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New ListingsA count of the properties that have been newly listed on the market in a given month.
Month Prior Year
Current
Year+ /
June 15,552 13,900 -10.6%
July 15,063 11,994 -20.4%
August 14,574 12,892 -11.5%
September 13,102 11,510 -12.2%
October 12,846 11,326 -11.8%
November 11,325 9,766 -13.8%
December 11,392 8,700 -23.6%
January 14,215 12,011 -15.5%
February 13,439 11,759 -12.5%
March 16,204 13,427 -17.1%April 14,203 13,017 -8.4%
May 13,830 11,972 -13.4%
12-Month Avg 13,812 11,856 -14.2%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 3
14,281 13,830
11,972
2010 2011 2012
May
5,000
7,500
10,000
12,500
15,000
17,500
20,000
22,500
25,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical New Listing Activity
78,538
71,891
62,186
2010 2011 2012
Year To Date
-13.5%-3.2% -13.4% -8.5%
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Pending SalesA count of the properties on which contracts have been accepted in a given month.
Month Prior Year
Current
Year+ /
June 6,128 7,993 +30.4%
July 6,100 7,121 +16.7%
August 6,213 7,933 +27.7%
September 5,759 6,872 +19.3%
October 5,354 6,567 +22.7%
November 4,922 6,059 +23.1%
December 4,766 5,791 +21.5%
January 5,407 6,809 +25.9%
February 6,390 7,559 +18.3%
March 7,928 8,541 +7.7%April 7,279 8,603 +18.2%
May 7,634 10,117 +32.5%
12-Month Avg 6,157 7,497 +22.0%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 4
5,238
7,634
10,117
2010 2011 2012
May
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Pending Sales Activity
34,423 34,638
41,629
2010 2011 2012
Year To Date
+20.2%+45.7% +32.5% +0.6%
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Closed SalesA count of the actual sales that have closed in a given month.
Month Prior Year
Current
Year+ /
June 7,892 8,355 +5.9%
July 6,156 7,335 +19.2%
August 6,185 7,874 +27.3%
September 5,933 7,391 +24.6%
October 5,586 6,744 +20.7%
November 5,132 6,057 +18.0%
December 5,854 6,774 +15.7%
January 4,074 5,484 +34.6%
February 4,893 6,180 +26.3%
March 6,955 7,654 +10.1%April 6,757 7,171 +6.1%
May 7,453 7,675 +3.0%
12-Month Avg 6,073 7,058 +17.6%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 5
7,295 7,4537,675
2010 2011 2012
May
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Closed Sales Activity
31,066 30,132
34,164
2010 2011 2012
Year To Date
+13.4%+2.2% +3.0% -3.0%
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Days on Market Until SaleAverage number of days between when a property is listed and when an offer is accepted in a given month.
Month Prior Year
Current
Year+ /
June 89 96 +7.7%
July 88 98 +11.1%
August 87 96 +10.2%
September 91 99 +8.8%
October 90 98 +8.9%
November 91 96 +5.8%
December 96 97 +1.0%
January 97 94 -2.8%
February 101 96 -5.1%
March 95 92 -3.2%April 94 89 -5.6%
May 92 85 -7.6%
12-Month Avg 92 95 +2.4%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 6
8992
85
2010 2011 2012
May
75
80
85
90
95
100
105
110
115
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Days on Market Until Sale
92 95 91
2010 2011 2012
Year To Date
-4.7%+4.3% -7.6% +3.3%
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Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.
Month Prior Year
Current
Year+ /
June $125,000 $110,000 -12.0%
July $124,000 $113,950 -8.1%
August $115,000 $105,100 -8.6%
September $115,000 $95,000 -17.4%
October $112,000 $93,200 -16.8%
November $113,800 $96,000 -15.6%
December $117,000 $96,525 -17.5%
January $107,500 $87,000 -19.1%
February $102,500 $87,000 -15.1%
March $106,000 $99,000 -6.6%April $105,139 $105,000 -0.1%
May $107,950 $109,900 +1.8%
12-Month Med $113,500 $100,000 -11.9%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 7
$127,000
$107,950 $109,900
2010 2011 2012
May
$80,000
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Median Sales Price
$120,000
$105,600$98,000
2010 2011 2012
Year To Date
-7.2%-15.0% +1.8% -12.0%
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Average Sales PriceAverage sales price for all closed sales, not accounting for seller concessions, in a given month.
Month Prior Year
Current
Year+ /
June $162,386 $156,912 -3.4%
July $164,251 $157,697 -4.0%
August $153,999 $145,464 -5.5%
September $151,586 $135,959 -10.3%
October $149,890 $133,986 -10.6%
November $149,451 $136,258 -8.8%
December $157,588 $137,440 -12.8%
January $145,788 $126,381 -13.3%
February $141,755 $127,549 -10.0%
March $144,054 $139,228 -3.3%April $146,342 $146,478 +0.1%
May $151,786 $152,740 +0.6%
12-Month Avg $152,071 $142,255 -6.5%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 8
$162,293$151,786 $152,740
2010 2011 2012
May
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Average Sales Price
$153,358$146,343
$139,627
2010 2011 2012
Year To Date
- 4.6%- 6.5% + 0.6% - 4.6%
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Percent of Original List Price Received
Month Prior Year
Current
Year+ /
June 91.7% 89.3% -2.6%
July 90.7% 89.2% -1.6%
August 89.6% 88.7% -0.9%
September 88.4% 88.8% +0.5%
October 88.3% 88.8% +0.5%
November 88.0% 89.2% +1.4%
December 87.7% 89.2% +1.6%
January 87.4% 89.2% +2.1%
February 87.4% 89.0% +1.9%
March 87.9% 90.3% +2.7%April 88.7% 91.5% +3.1%
May 89.1% 92.4% +3.7%
12-Month Avg 88.9% 89.7% +0.9%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Percentage found when dividing a propertys sales price by its original list price, then taking the average for all properties sold in a given month,
not accounting for seller concessions.
91.5% 89.1%92.4%
2010 2011 2012
May
84%
86%
88%
90%
92%
94%
96%
98%
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Percent of Original List Price Received
90.7% 88.2% 90.6%
2010 2011 2012
Year To Date
+2.7%-2.6% +3.7% -2.7%
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Housing Affordability Index
Month Prior Year
Current
Year+ /
June 199 220 +10.4%
July 199 214 +8.0%
August 215 230 +6.8%
September 218 249 +14.3%
October 220 255 +15.9%
November 220 250 +13.7%
December 213 249 +17.2%
January 218 259 +18.7%
February 224 259 +15.6%
March 220 236 +7.5%April 221 225 +2.0%
May 220 219 -0.3%
12-Month Avg 215 239 +10.8%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 10
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates.A higher number means greater affordability.
195
220 219
2010 2011 2012
May
90
110
130
150
170
190
210
230
250
270
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Housing Affordability Index
204
224238
2010 2011 2012
Year To Date
+6.5%+12.8% -0.3% +9.8%
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Inventory of Homes for SaleThe number of properties available for sale in active status at the end of a given month..
Month Prior Year
Current
Year+ /
June 78,824 70,512 -10.5%
July 78,753 67,814 -13.9%
August 78,346 65,380 -16.5%
September 77,144 63,404 -17.8%
October 75,103 61,090 -18.7%
November 73,919 58,790 -20.5%
December 72,393 55,933 -22.7%
January 70,668 53,878 -23.8%
February 70,904 52,697 -25.7%
March 71,723 52,432 -26.9%April 72,142 52,237 -27.6%
May 71,511 49,049 -31.4%
12-Month Avg 74,286 58,601 -21.3%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 11
76,61371,511
49,049
2010 2011 2012
May
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Inventory of Homes for Sale
-31.4%-6.7%
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Months Supply of InventoryThe inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Month Prior Year
Current
Year+ /
June 11.8 11.5 -2.7%
July 12.0 10.7 -10.3%
August 12.1 10.2 -15.4%
September 12.0 9.7 -19.5%
October 11.9 9.2 -22.6%
November 12.0 8.7 -27.0%
December 11.8 8.2 -30.3%
January 11.5 7.8 -32.3%
February 11.6 7.5 -35.2%
March 11.7 7.4 -36.9%April 11.7 7.3 -38.1%
May 12.0 6.7 -44.0%
12-Month Avg 11.8 8.7 -26.1%
Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 12
11.212.0
6.7
2010 2011 2012
May
2
4
6
8
10
12
14
16
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Months Supply of Inventory
-44.0%+7.4%