real estate market activity sept_2011

8/4/2019 Real Estate Market Activity Sept_2011

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A RESEARCH TOOL PROVIDED BY REALESTATE BUSINESS INTELLIGENCE AN MRIS COMPANY

For Week Ending September 17, 2011 Quick FactsData current as of September 26, 2011

- 15.6% + 8.6%

Weekly Market

Activity Report

- 20.7%

Change in Change in Change inBuyer activity kicked up a notch from the same week in September 2010. Buyers

Metrics by Week

New Listings 2

Pending Sales 3

Inventory of Homes for Sale 4

Metrics by Month

Days on Market Until Sale 5

Median Sales Price 6

Percent of Original List Price Received 7

Housing Affordability Index 8Months Supply of Inventory

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All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of September 26, 2011. Powered by 10K Research and Marketing. | 1

Click on desired metric to jump to that page.

New Listings Pending Sales Inventory

,

market than last year. This combination is driving down inventory levels. That trend,

should it continue, will lead to the stabilization of other indicators. With the Fed's

recent reaffirmation of low interest rates, the finance environment should remain

favorable.

In the Mid-Atlantic region, for the week ending September 17:

New Listings decreased 15.6% to 3,232

Pending Sales increased 8.6% to 2,079

Inventory decreased 20.7% to 55,398

For the month of August:

Median Sales Price decreased 1.8% to $275,000

Days on Market increased 13.0% to 86

Percent of Original List Price Received decreased 0.8% to 92.9%


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New ListingsA count of the properties that have been newly listed on the market in a given month.

For the

Week Ending

Current

Activity

One Year

Ago+/-

6/25/2011 3,520 4,176 - 15.7%

7/2/2011 3,224 3,924 - 17.8%

7/9/2011 3,183 3,991 - 20.2%

7/16/2011 3,579 4,112 - 13.0%

7/23/2011 3,335 3,910 - 14.7%

7/30/2011 3,130 3,947 - 20.7%

8/6/2011 3,336 4,018 - 17.0%

8/13/2011 3,065 3,739 - 18.0%

8/20/2011 3,029 3,519 - 13.9%

8/27/2011 2,680 3,467 - 22.7%

9/3/2011 2,883 3,778 - 23.7%

9/10/2011 2,889 3,828 - 24.5%2,750

3,000

3,250

3,500

3,750

4,000

4,250

4,500

Last Three Months Current Activi ty One Year Ago

9/17/2011 3,232 3,831 - 15.6%3-Month Total 41,085 50,240 - 18.2%

All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of September 26, 2011. Powered by 10K Research and Marketing. | Click for Cover | 2

2,500

6/25/11 7/2/11 7/9/11 7/16/11 7/23/11 7/30/11 8/6/11 8/13/11 8/20/11 8/27/11 9/3/11 9/10/11 9/17/11

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical New Listing Activity


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Pending SalesA count of the properties on which contracts have been accepted in a given month.

For the

Week Ending

Current

Activity

One Year

Ago+/-

6/25/2011 2,258 2,000 + 12.9%

7/2/2011 2,455 2,164 + 13.4%

7/9/2011 1,839 1,674 + 9.9%

7/16/2011 2,306 1,947 + 18.4%

7/23/2011 2,275 1,995 + 14.0%

7/30/2011 2,301 1,927 + 19.4%

8/6/2011 2,350 2,054 + 14.4%

8/13/2011 2,179 1,896 + 14.9%

8/20/2011 2,229 1,882 + 18.4%

8/27/2011 2,104 1,696 + 24.1%

9/3/2011 1,983 1,857 + 6.8%

9/10/2011 1,820 1,493 + 21.9%

1,600

1,800

2,000

2,200

2,400

2,600

Last Three Months Current Activi ty One Year Ago

9/17/2011 2,079 1,914 + 8.6%3-Month Total 28,178 24,499 + 15.0%


1,400

6/25/11 7/2/11 7/9/11 7/16/11 7/23/11 7/30/11 8/6/11 8/13/11 8/20/11 8/27/11 9/3/11 9/10/11 9/17/11

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Pending Sales Activity


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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.

For the

Week Ending

Current

Activity

One Year

Ago+/-

6/25/2011 62,675 68,996 - 9.2%

7/2/2011 62,588 69,583 - 10.1%

7/9/2011 61,204 68,883 - 11.1%

7/16/2011 61,327 69,465 - 11.7%

7/23/2011 61,141 69,700 - 12.3%

7/30/2011 60,662 70,045 - 13.4%

8/6/2011 59,380 69,565 - 14.6%

8/13/2011 58,967 69,824 - 15.5%

8/20/2011 58,410 69,919 - 16.5%

8/27/2011 57,882 69,980 - 17.3%

9/3/2011 57,133 69,918 - 18.3%

9/10/2011 55,911 69,376 - 19.4%56,000

58,000

60,000

62,000

64,000

66,000

68,000

70,000

72,000

Last Three Months Current Activity One Year Ago

9/17/2011 55,398 69,886 - 20.7%3-Month Avg 59,437 69,626 - 14.6%


54,000

6/25/11 7/2/11 7/9/11 7/16/11 7/23/11 7/30/11 8/6/11 8/13/11 8/20/11 8/27/11 9/3/11 9/10/11 9/17/11

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Inventory Activity


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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.

MonthCurrent

Activity

One Year

Previous+/-

September 81 91 - 10.6%

October 83 90 - 7.8%

November 85 84 + 1.2%

December 90 85 + 5.4%

January 97 86 + 13.0%

February 100 86 + 16.9%

March 101 85 + 19.2%

April 99 78 + 27.2%

May 89 74 + 20.5%

June 84 72 + 16.0%

July 84 71 + 18.3%

August 86 76 + 13.0%

August

92

76

86

+18.1%-24.9%

12-Month Avg 89 81 + 10.6%


20

40

60

80

100

120

140

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Days on Market Until Sale

2009 2010 2011


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Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.

MonthCurrent

Activity

One Year

Previous+/-

September $265,000 $260,000 + 1.9%

October $265,000 $255,000 + 3.9%

November $268,000 $255,000 + 5.1%

December $260,000 $260,000 0.0%

January $239,000 $245,000 - 2.4%

February $235,000 $250,000 - 6.0%

March $245,000 $250,000 - 2.0%

April $250,000$260,000 - 3.8%

May $268,000 $268,278 - 0.1%

June $284,988 $280,000 + 1.8%

July $276,000 $285,000 - 3.2%

August $275,000 $280,040 - 1.8%

August

$275,000 $280,040 $275,000

-2.5%+1.8%

12-Month Avg $262,000 $264,013 - 0.8%


$225,000

$250,000

$275,000

$300,000

$325,000

$350,000

$375,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Median Sales Price

2009 2010 2011


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Percent of Original List Price Received

MonthCurrent

Activity

One Year

Previous+/-

September 93.0% 94.1% - 1.2%

October 92.8% 94.1% - 1.4%

November 92.5% 94.4% - 2.0%

December 92.0% 93.9% - 2.0%

January 91.5% 93.6% - 2.3%

February 91.4% 93.9% - 2.7%

March 91.9% 94.2% - 2.4%

April 92.4%94.7% - 2.4%

May 93.0% 94.9% - 2.0%

June 93.4% 94.8% - 1.4%

July 93.1% 94.3% - 1.3%

August 92.9% 93.6% - 0.8%

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.

August93.8% 93.6% 92.9%

-1.3%+0.9%

12-Month Avg 92.6% 94.3% - 1.8%


88.0%

90.0%

92.0%

94.0%

96.0%

98.0%

100.0%

102.0%

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Percent of Original List Price Received

2009 2010 2011


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Housing Affordability Index

MonthCurrent

Activity

One Year

Previous+/-

September 160 153 + 4.5%

October 161 156 + 3.3%

November 161 159 + 1.2%

December 163 151 + 8.0%

January 189 162 + 17.1%

February 191 159 + 20.5%

March 186 159 + 17.0%

April 184 153 + 20.1%

May 176 149 + 18.2%

June 169 147 + 14.6%

July 173 148 + 17.0%

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.

August

145152

179

+16.3%+6.2%

August 179 152 + 17.3%12-Month Avg 174 154 + 13.2%


80

100

120

140

160

180

200

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Housing Affordability Index

2009 2010 2011


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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.

MonthCurrent

Activity

One Year

Previous+/-

September 7.7 7.4 + 3.9%

October 7.9 7.2 + 8.8%

November 7.8 6.9 + 12.7%

December 7.3 6.6 + 11.4%

January 6.7 6.1 + 10.5%

February 6.7 6.2 + 7.8%

March 6.5 6.2 + 5.0%

April 6.9 6.6 + 4.8%

May 7.5 6.7 + 11.5%

June 7.3 7.1 + 3.0%

July 7.1 7.3 - 3.7%

August 6.7 7.6 - 11.6%

August

7.6 7.6

6.7

-6.6%-5.4%

12-Month Avg 7.2 6.8 + 5.0%


0

2

4

6

8

10

12

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Months Supply of Inventory

2009 2010 2011

real estate market activity sept_2011

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