september housing report

August 2013 Monthly Snapshot

One-Year Change in One-Year Change in

Single FamilySold Listings

Single FamilyDays On Market

2

Monthly Indicators

+ 11.8% - 19.6% + 5.1%One-Year Change in

Strong demand for a limited supply of homes for sale has seemingly outweighed higher mortgage rates, at least for the time being. The idea that mortgage rates may rise further is likely spurring some of this demand. The dream of homeownership is very much intact, but buyers should be prepared with competitive offers, since every measure of market health is pointing upwards.

New Listings were up 2.3 percent for single family homes and 23.6 percent for

Single FamillyMedian Sales Price

Residential real estate activity in Area 9, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

Single Family Activity Overview 23456789

101112131415

Click on desired metric to jump to that page.

New Listings were up 2.3 percent for single family homes and 23.6 percent for townhouse-condo properties. Pending Sales decreased 67.7 percent for single family homes and 52.5 percent for townhouse-condo properties.

The Median Sales Price was up 5.1 percent to $267,950 for single family homes and 15.8 percent to $168,500 for townhouse-condo properties. Months Supply of Inventory came in at 4.1 months for single family units and 3.3 months for townhouse-condo units.

Eyes continue to fixate on the Federal Reserve and its policy inclinations related to stimulus tapering. Labor market growth is positive but still tepid. Things like gas prices, stock market shifts and global economics have a tendency to sway consumer sentiment. At the moment, U.S. housing continues to be a bright spot.

Single Family Activity Overview

All Properties Activity Overview

Current as of September 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewGlossary of TermsMonths Supply of Inventory

New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received

Single Family Activity OverviewKey metrics for Single Family by report month and for year-to-date (YTD) starting from the first of the year.

Key Metrics Historical Sparkbars 8-2012 8-2013 Percent Change YTD-2012 YTD-2013 Percent Change

-- --

Sold Listings 297 332 + 11.8% 1,939 2,278 + 17.5%

Median Sales Price $255,000 $267,950 + 5.1% $245,000 $263,000 + 7.3%

+ 10.4%

Pending Sales 229 74 - 67.7% 2,110 2,130 + 0.9%

New Listings 346 354 + 2.3% 2,777 3,067

Under Contract Not enough historical data for chart -- -- -- --

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

-- --

Current as of September 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14

-- --

Months Supply Not enough historical data for chart -- 4.1 -- --

Active Listings Not enough historical data for chart -- 1,077 -- --

Affordability Index 146 129 - 11.6% 151 131 - 13.2%

Pct. of List Price Received 98.2% 99.0% + 0.8% 98.4% 98.9% + 1.0%

Average Sales Price $290,104 $300,817 + 3.7% $280,164 $298,024

Days on Market 97 78 - 19.6% 103 82 - 20.4%

+ 6.4%

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

Townhouse-Condo Activity OverviewKey metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.


-- --

Sold Listings 86 78 - 9.3% 497 547 + 10.1%


+ 5.5%

Pending Sales 59 28 - 52.5% 532 530 - 0.4%

New Listings 72 89 + 23.6% 635 670


8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

-- --


-- --


Active Listings Not enough historical data for chart -- 205 -- --

Affordability Index 231 192 - 16.9% 223 195 - 12.6%



Days on Market 73 63 - 13.7% 91 72 - 20.9%

+ 9.1%

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Sep-2012 246 +0.8% 57 +9.6%

Oct-2012 264 +24.5% 66 +106.3%

Nov-2012 194 +38.6% 48 +23.1%

Dec-2012 138 +0.7% 26 -10.3%

Jan-2013 267 +23.0% 50 +2.0%

Feb-2013 293 +5.0% 67 +15.5%

Mar-2013 365 +4.6% 78 -29.7%

Apr-2013 383 +1.6% 115 +16.2%

May-2013 506 +19.1% 87 +1.2%

Jun-2013 475 +23.4% 89 +1.1%

Jul-2013 411 +3.0% 95 +31.9%

Aug-2013 354 +2.3% 89 +23.6%

12-Month Avg 326 +11.4% 72 +10.2%

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

296

59

346

72

354

89

August

2,582

586

2,777

635

3,067

670

Year to Date

2011 2012 2013

+ 23 6%+ 22 0%+ 2 3%+ 16 9% + 8 4%+ 10 4%+ 7 6% + 5 5%

2011 2012 2013 2011 2012 2013 2011 2012 2013

4 5% 13 4% 22 6%+ 11 3%12 Month Avg 326 +11.4% 72 +10.2%

Historical New Listings by Month


Single Family Townhouse-Condo

0

100

200

300

400

500

600

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

+ 23.6%+ 22.0%+ 2.3%+ 16.9% + 8.4%+ 10.4%+ 7.6% + 5.5%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 4.5% - 13.4% - 22.6%+ 11.3%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Sep-2012 223 +51.7% 51 +15.9%

Oct-2012 220 +33.3% 51 +30.8%

Nov-2012 179 +14.0% 44 +29.4%

Dec-2012 164 +41.4% 33 -5.7%

Jan-2013 235 +35.8% 53 +39.5%

Feb-2013 248 +5.5% 53 +1.9%

Mar-2013 326 +16.4% 75 +41.5%

Apr-2013 296 +4.2% 105 +10.5%

May-2013 337 +8.7% 82 -4.7%

Jun-2013 305 +0.3% 68 -18.1%

Jul-2013 85 -71.2% 21 -68.2%

Aug-2013 74 -67.7% 28 -52.5%

12-Month Avg 243 +8.3% 59 +3.7%

A count of the properties on which offers have been accepted in a given month.

211

42

229

5974

28

August

1,743

445

2,110

532

2,130

530

Year to Date

2011 2012 2013

- 52 5%+ 40 5%67 7%+ 8 5% + 19 6%+ 0 9%+ 21 1% 0 4%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 13 4% + 0 4% 4 3%- 10 6%12 Month Avg 243 +8.3% 59 +3.7%

Historical Pending Sales by Month



0

100

200

300

400

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 52.5%+ 40.5%- 67.7%+ 8.5% + 19.6%+ 0.9%+ 21.1% - 0.4%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 13.4% + 0.4% - 4.3%- 10.6%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Sep-2012 250 +33.7% 58 +13.7%

Oct-2012 227 +33.5% 49 +19.5%

Nov-2012 217 +29.9% 50 +51.5%

Dec-2012 175 +1.7% 49 +22.5%

Jan-2013 168 +54.1% 34 -15.0%

Feb-2013 184 +52.1% 40 +73.9%

Mar-2013 265 +15.7% 51 0.0%

Apr-2013 282 +16.5% 66 +46.7%

May-2013 327 +10.1% 100 +29.9%

Jun-2013 324 -0.3% 88 -6.4%

Jul-2013 391 +22.6% 90 +11.1%

Aug-2013 332 +11.8% 78 -9.3%

12-Month Avg 262 +19.4% 63 +13.7%

A count of the actual sales that closed in a given month.

235

72

297

86

332

78

August

1,609

426

1,939

497

2,278

547

Year to Date

2011 2012 2013

- 9 3%+ 19 4%+ 11 8%+ 26 4% + 16 7%+ 17 5%+ 20 5% + 10 1%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 35 1% 4 8% 1 6%+ 38 5%12 Month Avg 262 +19.4% 63 +13.7%

Historical Sold Listings by Month



0

100

200

300

400

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 9.3%+ 19.4%+ 11.8%+ 26.4% + 16.7%+ 17.5%+ 20.5% + 10.1%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 35.1% - 4.8% - 1.6%+ 38.5%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Sep-2012 $249,500 +4.0% $147,500 +3.7%

Oct-2012 $245,000 +3.6% $165,200 +25.2%

Nov-2012 $252,000 +2.9% $166,500 -1.9%

Dec-2012 $245,000 +4.4% $170,000 +8.0%

Jan-2013 $251,547 +6.1% $181,450 +12.0%

Feb-2013 $245,013 +6.5% $146,700 -6.0%

Mar-2013 $255,000 +3.2% $162,500 +9.8%

Apr-2013 $260,450 +6.3% $159,700 +20.1%

May-2013 $265,000 +11.8% $157,500 -1.6%

Jun-2013 $273,250 +9.3% $178,000 +21.1%

Jul-2013 $271,750 +9.6% $156,600 +1.4%

Aug-2013 $267,950 +5.1% $168,500 +15.8%

12-Month Avg* $259,892 +6.5% $163,900 +7.8%

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$236,000

$155,500

$255,000

$145,500

$267,950

$168,500

August

$237,000

$154,857

$245,000

$152,000

$263,000

$165,000

Year to Date

2011 2012 2013

+ 15 8%- 6 4%+ 5 1%+ 8 1% 1 8%+ 7 3%+ 3 4% + 8 6%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 0 1% + 3 0% + 0 9%+ 4 0%12 Month Avg $259,892 +6.5% $163,900 +7.8%

Historical Median Sales Price by Month* Median Sales Price for all properties from September 2012 through August 2013. This is not the average of the individual figures above.



$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

+ 15.8%- 6.4%+ 5.1%+ 8.1% - 1.8%+ 7.3%+ 3.4% + 8.6%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 0.1% + 3.0% + 0.9%+ 4.0%

Average Sales Price

Average Sales Price

SingleFamily


Townhouse-Condo


Sep-2012 $288,082 -1.9% $158,163 +2.5%

Oct-2012 $284,162 +2.7% $189,530 +36.5%

Nov-2012 $280,422 +1.1% $170,797 +0.6%

Dec-2012 $293,913 +7.7% $188,573 +20.4%

Jan-2013 $288,900 +7.9% $186,919 +11.2%

Feb-2013 $291,269 +16.8% $161,529 +11.3%

Mar-2013 $283,424 -1.9% $173,616 +4.1%

Apr-2013 $288,553 +4.2% $163,762 +7.7%

May-2013 $292,479 +8.6% $175,014 +5.6%

Jun-2013 $310,527 +6.2% $197,450 +20.5%

Jul-2013 $313,784 +11.8% $165,288 +4.4%

Aug-2013 $300,817 +3.7% $172,700 +11.8%

12-Month Avg* $294,791 +5.2% $175,223 +10.4%

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$271,415

$156,768

$290,104

$154,471

$300,817

$172,700

August

2011 2012 2013

+ 11 8%- 1 5%+ 3 7%+ 6 9%2011 2012 2013

+ 0 8% + 2 4%

$270,512

$156,394

$280,164

$160,310

$298,024

$174,959

Year to Date

+ 9 1%+ 2 5%2011 2012 2013 2011 2012 2013

+ 6 4%+ 3 6%+ 2 5% 1 3%12 Month Avg $294,791 +5.2% $175,223 +10.4%

Historical Average Sales Price by Month* Average Sales Price for all properties from September 2012 through August 2013. This is not the average of the individual figures above.



$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013

+ 11.8%- 1.5%+ 3.7%+ 6.9%2011 2012 2013

+ 0.8% + 2.4%


+ 9.1%+ 2.5%2011 2012 2013 2011 2012 2013

+ 6.4%+ 3.6%+ 2.5% - 1.3%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


Sep-2012 98.2% +0.9% 98.3% +2.2%

Oct-2012 98.3% +0.4% 98.0% +1.4%

Nov-2012 98.2% +1.2% 98.1% +0.8%

Dec-2012 97.4% -0.9% 97.9% +0.7%

Jan-2013 97.9% +0.1% 98.4% +2.8%

Feb-2013 98.1% -0.2% 98.4% +3.6%

Mar-2013 98.9% +0.7% 98.9% +0.7%

Apr-2013 99.0% +1.1% 98.9% +1.5%

May-2013 99.2% +0.7% 99.2% +1.2%

Jun-2013 99.3% +0.6% 99.2% +1.1%

Jul-2013 99.1% +0.2% 99.5% +1.4%

Aug-2013 99.0% +0.8% 99.1% +0.8%

12-Month Avg* 98.2% +0.5% 97.5% +1.3%

Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

97.6% 97.7%98.2% 98.3%99.0% 99.1%

August

97.6% 97.6%98.4% 97.7%98.9% 99.0%

Year to Date

2011 2012 2013

+ 0 8%+ 0 6%+ 0 8%+ 0 6% + 0 1%+ 0 5%+ 0 8% + 1 3%2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 0 3% + 0 1% 0 0%+ 0 7%12 Month Avg 98.2% +0.5% 97.5% +1.3%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from September 2012 through August 2013. This is not the average of the individual figures above.



94%

95%

96%

97%

98%

99%

100%

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

+ 0.8%+ 0.6%+ 0.8%+ 0.6% + 0.1%+ 0.5%+ 0.8% + 1.3%2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 0.3% + 0.1% 0.0%+ 0.7%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Sep-2012 93 -16.2% 89 -10.1%

Oct-2012 106 -9.4% 112 +10.9%

Nov-2012 106 -8.6% 60 -50.0%

Dec-2012 107 -10.8% 79 -47.0%

Jan-2013 104 -25.2% 83 -43.5%

Feb-2013 117 -8.6% 123 -12.8%

Mar-2013 84 -35.4% 73 -25.5%

Apr-2013 84 -25.0% 68 -19.0%

May-2013 71 -22.8% 78 0.0%

Jun-2013 76 -18.3% 60 -28.6%

Jul-2013 71 -14.5% 59 -35.2%

Aug-2013 78 -19.6% 63 -13.7%

12-Month Avg 88 -17.7% 75 -22.6%

Average number of days between when a property is listed and when an offer is accepted in a given month.

103

9297

7378

63

August

113

127

103

9182

72

Year to Date

2011 2012 2013

- 13 7%- 20 7%19 6%5 8% 28 3%20 4%8 8% 20 9%

2011 2012 2013 2011 2012 2013 2011 2012 2013

13 4% + 4 6% + 5 8%- 32 4%12 Month Avg 88 17.7% 75 22.6%

Historical Days on Market Until Sale by Month* Days on Market for all properties from September 2012 through August 2013. This is not the average of the individual figures above.



50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 13.7%- 20.7%- 19.6%- 5.8% - 28.3%- 20.4%- 8.8% - 20.9%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 13.4% + 4.6% + 5.8%- 32.4%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Sep-2012 151 +2.7% 232 +2.7%

Oct-2012 153 +4.1% 211 -11.0%

Nov-2012 150 +4.2% 211 +7.7%

Dec-2012 155 +3.3% 209 +0.5%

Jan-2013 152 +2.0% 200 -2.0%

Feb-2013 152 -1.3% 231 +9.0%

Mar-2013 147 +2.8% 213 -2.7%

Apr-2013 146 -0.7% 219 -9.5%

May-2013 139 -9.2% 215 +1.4%

Jun-2013 128 -12.9% 184 -18.9%

Jul-2013 129 -14.0% 206 -6.8%

Aug-2013 129 -11.6% 192 -16.9%

12-Month Avg 144 -12.9% 148 -12.6%

This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

147

207

146

231

129

192

August

2011 2012 2013

16 9%+ 11 6%11 6%0 7%2011 2012 2013

+ 5 8% + 2 0%

146

208

151

223

131

195

Year to Date

12 6%+ 7 2%13 2%+ 3 4%+ 2 8% + 5 1%2011 2012 2013 2011 2012 2013 12 Month Avg 144 12.9% 148 12.6%

Historical Housing Affordability Index by Month



120

140

160

180

200

220

240

260

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013

- 16.9%+ 11.6%- 11.6%- 0.7%2011 2012 2013

+ 5.8% + 2.0%


- 12.6%+ 7.2%- 13.2%+ 3.4%+ 2.8% + 5.1%2011 2012 2013 2011 2012 2013

All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.


-- --

Sold Listings 383 410 + 7.0% 2,436 2,825 + 16.0%


+ 9.5%

Pending Sales 288 102 - 64.6% 532 530 - 0.4%

New Listings 418 443 + 6.0% 3,412 3,737


8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

-- --


-- --


Active Listings Not enough historical data for chart -- 1,282 -- --

Affordability Index 1,032 1,030 - 1.5% 984 969 - 1.5%



Days on Market 91 75 - 20.8% 101 80 - 20.8%

+ 7.2%

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

8-2010 8-2011 8-2012 8-2013

Glossary of Terms

New Listings

Pending Sales

Under Contract Activity

Sold Listings

Median Sales Price A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

A research tool provided by the Colorado Association of REALTORS®

A measure of how much new supply is coming onto the market from sellers (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).

A count of all the listings that went into pending status during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand.

A count of all listings Under Contract during the reported period. Listings that go Under Contract are counted each day. There is no maximum number of times a listing can be counted as Under Contract. For example, if a listing goes into Under Contract, out of Under Contract, then back into Under Contract all in one reported period, this listing would be counted twice.

A measure of home sales that were closed to completion during the report period.

Average Sales Price

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Active Listings

Months Supply of Inventory

Current as of July 16, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13

A sum of all home sales prices divided by total number of sales.

A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

A sum of all home sales prices divided by total number of sales.

A measure of how affordable a region’s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and average income by county.

A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.

A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale.

september housing report

Documents

single family homes

single family units

percent change ytd

percent changes

townhousecondo properties

historical data

townhousecondo units

singlefamily properties