statewide report single family and townhouse-condo … · 2016. 11. 17. · single family market...

Content © 2016 Colorado Association of REALTORS®

Single Family and Townhouse-Condo

October 2016

Statewide Report

Total Market Overview Report October 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Statewide Report

Key Metrics Historical Sparkbars 10-2015 10-2016 Percent Change YTD-2015 YTD-2016 Percent Change

Current as of November 15, 2016. Percent changes calculated using year-over-year comparisons. All data from the multiple listing services in the state of Colorado. Report © 2016 ShowingTime. | 1

Months Supply of Inventory 3.7 2.5 - 32.4% -- -- --

Inventory of Active Listings 33,438 23,809 - 28.8%

- 5.5%

-- --

121

--

- 12.1%

Housing Affordability Index 128 119 - 7.0% 128

- 11.7% 58 51

98.9% + 0.1% 99.4%

Days on Market Until Sale 60 53

95,690

$375,643

$310,000

99.5%

Median Sales Price $285,000 $314,900 + 10.5% $284,000

Average Sales Price $359,709 $380,706 + 5.8% $354,874

Percent of List Price Received 98.8%

Sold Listings 9,704 9,756 + 0.5% 94,231 + 1.5%

+ 9.2%

+ 5.9%

+ 0.1%

102,559 + 3.0%

124,213 - 0.5%

Pending / Under Contract 9,343 10,279 + 10.0% 99,599

124,857New Listings 10,604 9,664 - 8.9%9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

Single Family Market Overview October 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Statewide Report




Inventory of Active Listings 25,526 18,334

+ 9.0% $308,000

- 28.2% --

51

+ 6.3% $380,176

99.4%

--

113

Days on Market Until Sale 59 52 - 11.9% 59


Percent of List Price Received 98.7% 98.9% + 0.2% 99.4%

Average Sales Price $381,471 $405,346

Median Sales Price $308,000 $335,783

+ 1.1% 69,155


Sold Listings 7,049 7,130

New Listings 7,855 7,139 - 9.1% 93,532

+ 3.7%

- 0.2%

75,929

93,371

70,865 + 2.5%

+ 8.1%

$399,428 + 5.1%

$333,000

0.0%

- 4.2%

--

- 13.6%

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

Townhouse-Condo Market Overview October 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Statewide Report




Inventory of Active Listings 5,731 4,233 - 26.1%

- 7.8%

-- --

154

--

- 8.0%- 15.5% 50 46


99.2% 0.0% 99.9%

Days on Market Until Sale 58 49

22,030

$317,128

$244,783

100.0%

Median Sales Price $222,075 $251,100 + 13.1% $217,500

Average Sales Price $309,623 $321,673 + 3.9% $292,665

Percent of List Price Received 99.2%

Sold Listings 2,409 2,372 - 1.5% 22,526 - 2.2%

+ 12.5%

+ 8.4%

+ 0.1%

23,644 - 0.5%

26,746 - 3.2%


New Listings 2,395 2,198 - 8.2% 27,6279-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

9-2015 1-2016 5-2016 9-2016

New Listings October 2016Statewide Report

New Listings

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 5,170 +9.7% -34.2% 1,717 +19.7% -28.3%

Dec-2015 3,889 +1.0% -24.8% 1,255 -3.5% -26.9%

Jan-2016 6,078 +0.1% +56.3% 1,843 -4.3% +46.9%

Feb-2016 6,834 -1.0% +12.4% 2,032 +1.8% +10.3%

Mar-2016 9,397 +2.0% +37.5% 2,609 -7.2% +28.4%

Apr-2016 10,593 -3.5% +12.7% 2,861 -8.3% +9.7%

May-2016 11,265 +1.2% +6.3% 3,099 -5.5% +8.3%

Jun-2016 12,343 +7.3% +9.6% 3,343 +1.2% +7.9%

Jul-2016 11,045 -4.9% -10.5% 3,160 -4.0% -5.5%

Aug-2016 10,033 +3.4% -9.2% 2,966 +0.9% -6.1%

Sep-2016 8,644 +0.9% -13.8% 2,635 +2.8% -11.2%

Oct-2016 7,139 -9.1% -17.4% 2,198 -8.2% -16.6%

Historical New Listings by Month


7,057

2,130

7,855

2,395

7,139

2,198

Single Family Townhouse-Condo

October

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


89,743

25,459

93,532

27,627

93,371

26,746


Year to Date

+ 11.3% - 9.1%

Oct-16Oct-15Oct-16Oct-15 Oct-15Oct-16Oct-15 Oct-16

+ 12.4% - 8.2% + 4.2% - 0.2% + 8.5% - 3.2%

Oct-14 Oct-14 Oct-14Oct-14

+ 16.4%- 4.2%+ 23.4%- 4.0%

Pending / Under Contract October 2016Statewide Report

Pending /

Under

Contract

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 5,472 +11.7% -18.7% 1,831 +12.5% -22.4%

Dec-2015 4,201 +5.4% -23.2% 1,340 -1.5% -26.8%

Jan-2016 5,484 +9.4% +30.5% 1,682 +4.5% +25.5%

Feb-2016 6,168 +5.3% +12.5% 1,874 +2.9% +11.4%

Mar-2016 7,565 -0.6% +22.6% 2,202 -7.5% +17.5%

Apr-2016 8,290 +2.7% +9.6% 2,345 -7.1% +6.5%

May-2016 8,656 +2.9% +4.4% 2,564 -2.3% +9.3%

Jun-2016 8,420 +2.1% -2.7% 2,606 -2.9% +1.6%

Jul-2016 8,252 +2.1% -2.0% 2,673 +1.7% +2.6%

Aug-2016 8,226 +4.3% -0.3% 2,757 +3.1% +3.1%

Sep-2016 7,293 +0.1% -11.3% 2,470 +0.3% -10.4%

Oct-2016 7,575 +12.5% +3.9% 2,471 +4.7% +0.0%

Historical Pending / Under Contract by Month


6,283

2,074

6,731

2,361

7,575

2,471


October

0

2,000

4,000

6,000

8,000

10,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


66,871

21,113

73,201

23,771

75,929

23,644


Year to Date

+ 7.1% + 12.5%


+ 13.8% + 4.7% + 9.5% + 3.7% + 12.6% - 0.5%


+ 24.4%- 2.0%+ 31.3%+ 7.0%

Sold Listings October 2016Statewide Report

Sold Listings

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 5,343 -0.1% -24.2% 1,848 +4.8% -23.3%

Dec-2015 6,588 +13.9% +23.3% 2,140 +10.7% +15.8%

Jan-2016 4,466 +16.9% -32.2% 1,374 +9.4% -35.8%

Feb-2016 4,685 +7.4% +4.9% 1,529 +5.0% +11.3%

Mar-2016 6,368 +1.6% +35.9% 1,949 -3.3% +27.5%

Apr-2016 6,966 +0.1% +9.4% 2,126 -1.4% +9.1%

May-2016 8,083 +5.1% +16.0% 2,386 -1.5% +12.2%

Jun-2016 8,851 +0.2% +9.5% 2,488 -10.5% +4.3%

Jul-2016 8,113 -5.3% -8.3% 2,464 -12.3% -1.0%

Aug-2016 8,361 +4.1% +3.1% 2,751 +6.3% +11.6%

Sep-2016 7,842 +3.6% -6.2% 2,591 -1.5% -5.8%

Oct-2016 7,130 +1.1% -9.1% 2,372 -1.5% -8.5%

Historical Sold Listings by Month


6,893

2,397

7,049

2,409

7,130

2,372


October

0

2,000

4,000

6,000

8,000

10,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


64,777

20,073

69,155

22,526

70,865

22,030


Year to Date

Oct-16Oct-15Oct-16Oct-15 Oct-15Oct-16Oct-15 Oct-16Oct-14 Oct-14 Oct-14Oct-14

+ 2.3% + 1.1% + 0.5% - 1.5% + 6.8% + 2.5% + 12.2% - 2.2%+ 22.2%- 2.5%+ 38.2%+ 8.5%

Median Sales Price October 2016Statewide Report

Median Sales

Price

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 $307,270 +9.8% -0.2% $230,000 +15.1% +3.6%

Dec-2015 $309,900 +8.7% +0.9% $228,000 +14.6% -0.9%

Jan-2016 $304,000 +8.6% -1.9% $224,900 +15.0% -1.4%

Feb-2016 $315,000 +9.0% +3.6% $230,000 +15.0% +2.3%

Mar-2016 $324,910 +8.3% +3.1% $239,884 +12.6% +4.3%

Apr-2016 $329,000 +7.9% +1.3% $240,000 +11.6% +0.0%

May-2016 $337,500 +7.1% +2.6% $246,000 +10.9% +2.5%

Jun-2016 $348,000 +8.7% +3.1% $249,950 +13.6% +1.6%

Jul-2016 $340,000 +7.9% -2.3% $241,480 +11.3% -3.4%

Aug-2016 $340,000 +9.7% 0.0% $246,000 +11.5% +1.9%

Sep-2016 $335,000 +9.8% -1.5% $252,500 +13.5% +2.6%

Oct-2016 $335,783 +9.0% +0.2% $251,100 +13.1% -0.6%

Historical Median Sales Price by Month


$275,000

$200,000

$308,000

$222,075

$335,783

$251,100


October

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


$275,000

$189,900

$308,000

$217,500

$333,000

$244,783


Year to Date

Oct-16Oct-15Oct-16Oct-15 Oct-15Oct-16Oct-15 Oct-16Oct-14 Oct-14 Oct-14Oct-14

+ 12.0% + 9.0% + 11.0% + 13.1% + 12.0% + 8.1% + 14.5% + 12.5%+ 9.1%+ 6.9%+ 12.4%+ 8.1%

Average Sales Price October 2016Statewide Report

Average Sales

Price

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 $381,242 +8.6% -0.1% $332,125 +15.7% +7.3%

Dec-2015 $390,932 +7.4% +2.5% $316,772 +6.4% -4.6%

Jan-2016 $362,454 +0.1% -7.3% $310,739 +1.0% -1.9%

Feb-2016 $374,978 +6.0% +3.5% $317,332 +2.4% +2.1%

Mar-2016 $384,623 +4.6% +2.6% $319,553 +8.0% +0.7%

Apr-2016 $391,458 +2.2% +1.8% $320,149 +10.8% +0.2%

May-2016 $397,907 +3.5% +1.6% $315,670 +6.4% -1.4%

Jun-2016 $418,808 +7.9% +5.3% $313,841 +11.2% -0.6%

Jul-2016 $402,783 +5.1% -3.8% $301,272 +8.7% -4.0%

Aug-2016 $409,791 +7.0% +1.7% $313,171 +13.1% +3.9%

Sep-2016 $413,991 +5.9% +1.0% $335,693 +11.7% +7.2%

Oct-2016 $405,346 +6.3% -2.1% $321,673 +3.9% -4.2%

Historical Average Sales Price by Month


$352,006

$288,477

$381,471

$309,623

$405,346

$321,673


October

$100,000

$200,000

$300,000

$400,000

$500,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


$346,834

$270,559

$380,176

$292,665

$399,428

$317,128


Year to Date

+ 8.4% + 6.3%


+ 7.3% + 3.9% + 9.6% + 5.1% + 8.2% + 8.4%


+ 9.3%+ 7.3%+ 11.0%+ 6.7%

Percent of List Price Received October 2016Statewide Report

Pct. of List

Price

Received

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 98.5% +0.2% -0.2% 98.8% +0.5% -0.4%

Dec-2015 98.4% +0.3% -0.1% 98.8% +0.4% 0.0%

Jan-2016 98.5% +0.2% +0.1% 98.7% +0.2% -0.1%

Feb-2016 98.8% +0.1% +0.3% 99.5% +0.3% +0.8%

Mar-2016 99.4% +0.2% +0.6% 100.3% +0.6% +0.8%

Apr-2016 99.8% +0.1% +0.4% 100.5% +0.1% +0.2%

May-2016 100.1% +0.2% +0.3% 100.8% +0.4% +0.3%

Jun-2016 100.1% +0.1% 0.0% 100.8% +0.2% 0.0%

Jul-2016 99.8% +0.1% -0.3% 100.4% 0.0% -0.4%

Aug-2016 99.3% -0.1% -0.5% 100.0% 0.0% -0.4%

Sep-2016 98.9% -0.1% -0.4% 99.6% +0.2% -0.4%

Oct-2016 98.9% +0.2% 0.0% 99.2% 0.0% -0.4%

Historical Percent of List Price Received by Month

* Pct. of List Price Received for all properties from November 2015 through October 2016. This is not the average of the individual figures above.


94%

95%

96%

97%

98%

99%

100%

101%

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


98.4% 98.4%98.7% 99.2%98.9% 99.2%


October

98.6% 98.5%99.4% 99.9%99.4% 100.0%


Year to Date

+ 0.1%0.0%+ 0.8%+ 0.9%+ 0.4% + 0.2%+ 0.3% + 1.4%+ 0.5%0.0%+ 0.8%+ 0.1%

Oct-14 Oct-15 Oct-16 Oct-14 Oct-15 Oct-16 Oct-14 Oct-15 Oct-16 Oct-14 Oct-15 Oct-16

Days on Market Until Sale October 2016Average

b fStatewide Report

Days on

Market Until

Sale

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 60 -11.8% +1.7% 55 -14.1% -5.2%

Dec-2015 63 -16.0% +5.0% 56 -21.1% +1.8%

Jan-2016 68 -12.8% +7.9% 58 -12.1% +3.6%

Feb-2016 65 -14.5% -4.4% 50 -25.4% -13.8%

Mar-2016 58 -17.1% -10.8% 52 -10.3% +4.0%

Apr-2016 54 -12.9% -6.9% 45 -8.2% -13.5%

May-2016 49 -12.5% -9.3% 39 -15.2% -13.3%

Jun-2016 44 -13.7% -10.2% 41 -4.7% +5.1%

Jul-2016 41 -18.0% -6.8% 39 +2.6% -4.9%

Aug-2016 45 -15.1% +9.8% 44 +2.3% +12.8%

Sep-2016 52 -5.5% +15.6% 47 -6.0% +6.8%

Oct-2016 52 -11.9% 0.0% 49 -15.5% +4.3%

Historical Days on Market Until Sale by Month

* Days on Market for all properties from November 2015 through October 2016. This is not the average of the individual figures above.


68 66

59 58

5249


October

20

40

60

80

100

120

140

160

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


65

6059

5051

46


Year to Date

- 13.2% - 11.9%


- 12.1% - 15.5% - 9.2% - 13.6% - 16.7% - 8.0%


- 21.1%- 4.4%- 7.0%- 1.4%

Housing Affordability Index October 2016Statewide Report

Housing

Affordability

Index

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 117 -5.6% -0.8% 157 -9.2% -4.3%

Dec-2015 117 -4.9% 0.0% 159 -9.7% +1.3%

Jan-2016 117 -11.4% 0.0% 158 -16.4% -0.6%

Feb-2016 117 -8.6% 0.0% 160 -13.5% +1.3%

Mar-2016 112 -8.2% -4.3% 152 -11.1% -5.0%

Apr-2016 111 -8.3% -0.9% 152 -11.1% 0.0%

May-2016 109 -6.8% -1.8% 149 -10.8% -2.0%

Jun-2016 107 -5.3% -1.8% 149 -9.7% 0.0%

Jul-2016 109 -3.5% +1.9% 154 -6.7% +3.4%

Aug-2016 109 -6.0% 0.0% 151 -7.4% -1.9%

Sep-2016 111 -6.7% +1.8% 147 -10.4% -2.6%

Oct-2016 112 -5.1% +0.9% 150 -8.5% +2.0%

Historical Housing Affordability Index by Month


126

173

118

164

112

150


October

126

182

118

167

113

154


Year to Date

100

125

150

175

200

225

250

275

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


- 6.3% - 5.1%

Oct-16Oct-15Oct-16Oct-15

- 5.2% - 8.5%

Oct-14 Oct-14

- 6.3% - 4.2%

Oct-16Oct-15Oct-16Oct-15

- 8.2% - 7.8%

Oct-14 Oct-14

- 5.2%- 3.1%- 8.0%- 3.8%

Inventory of Active Listings October 2016Statewide Report

Active Listings

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 23,088 -8.1% -9.6% 5,255 -10.9% -8.3%

Dec-2015 20,538 -8.5% -11.0% 4,785 -10.9% -8.9%

Jan-2016 19,052 -10.9% -7.2% 4,539 -13.7% -5.1%

Feb-2016 18,514 -12.5% -2.8% 4,476 -13.8% -1.4%

Mar-2016 19,182 -10.3% +3.6% 4,627 -13.7% +3.4%

Apr-2016 20,228 -11.3% +5.5% 4,851 -13.1% +4.8%

May-2016 21,490 -11.0% +6.2% 5,073 -14.7% +4.6%

Jun-2016 23,810 -8.1% +10.8% 5,477 -12.5% +8.0%

Jul-2016 24,873 -10.3% +4.5% 5,609 -14.6% +2.4%

Aug-2016 24,556 -11.2% -1.3% 5,372 -17.0% -4.2%

Sep-2016 21,338 -20.5% -13.1% 5,053 -18.0% -5.9%

Oct-2016 18,334 -28.2% -14.1% 4,233 -26.1% -16.2%

Historical Inventory of Active Listings by Month


27,766

6,540

25,526

5,731

18,334

4,233


October

0

10,000

20,000

30,000

40,000

50,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


Oct-16Oct-15Oct-14- 28.2%- 8.1%- 11.3% - 26.1%- 12.4%- 11.9%

Oct-16Oct-15Oct-14

Months Supply of Inventory October 2016Statewide Report

Months Supply

Single

Family

% Change

from Prior

Year

% Change

from Prior

Month

Townhouse-

Condo

% Change

from Prior

Year

% Change

from Prior

Month

Nov-2015 3.5 -12.5% -7.9% 2.4 -20.0% -7.7%

Dec-2015 3.0 -14.3% -14.3% 2.2 -18.5% -8.3%

Jan-2016 2.8 -17.6% -6.7% 2.0 -23.1% -9.1%

Feb-2016 2.7 -18.2% -3.6% 2.0 -23.1% 0.0%

Mar-2016 2.8 -15.2% +3.7% 2.1 -19.2% +5.0%

Apr-2016 3.0 -14.3% +7.1% 2.2 -18.5% +4.8%

May-2016 3.1 -16.2% +3.3% 2.3 -20.7% +4.5%

Jun-2016 3.5 -12.5% +12.9% 2.5 -16.7% +8.7%

Jul-2016 3.6 -14.3% +2.9% 2.6 -16.1% +4.0%

Aug-2016 3.6 -14.3% 0.0% 2.5 -16.7% -3.8%

Sep-2016 3.1 -22.5% -13.9% 2.3 -17.9% -8.0%

Oct-2016 2.7 -28.9% -12.9% 2.0 -23.1% -13.0%

Historical Months Supply of Inventory by Month


4.4

3.43.8

2.62.7

2.0


October

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


Oct-16Oct-15Oct-14- 28.9%- 13.6%- 10.2% - 23.1%- 23.5%- 27.7%

Oct-16Oct-15Oct-14

Glossary of Terms October 2016A research tool provided by the Colorado Association of REALTORS®. Statewide Report

New Listings

A measure of how much new supply is coming onto the market from sellers.

Pending/Under Contract

A count of all the listings that went into Pending / Under Contract during the reported period. Pending / Under Contract listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending / Under Contract, out of Pending / Under Contract, then back into Pending / Under Contract 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.

Sold Listings

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

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.

Average Sales Price

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

Percent of List Price Received

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

Days on Market Until Sale

A measure of how long it takes homes to sell, on average.

Housing Affordability Index

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.

Inventory of Active Listings

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.

Months Supply of Inventory

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.


statewide report single family and townhouse-condo … · 2016. 11. 17. · single family market...

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