For Sale vs. Sold
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DEC. 2016 is a Seller's market*
Home For Sale in December 2016: 10470 units. • Down 16% compared to the last month • Down 14.6% compared to the last year Home Closed in December 2016: 6290 units. • Down 7.4% compared to the last month • Up 2.9% compared to the last year Home Placed under Contract in December 2016: 4920 units. • Down 13.9% compared to the last month • Up 23.4% 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 Square Foot
December 2016 Average Sold Price per Square Footage is Depreciating*
Average Sold Price per Square Footage in December 2016:$212
• Down 1.4% compared to the last month
• Up 8.7% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Average Sold Price per Square Footage in December 2016:$212
• Down 1.4% compared to the last month
• Up 8.7% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Continuous Days On Market
December 2016 Average Continuous Days on Market trend is Rising*
Continuous Days on Market in December 2016: 51
• Up 6.3% compared to the last month
• Down 19% compared to the last year
December 2016 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in December 2016: 98%
• 0% compared to the last month
• Up 1% compared to the last year
*Based on 6 month trend - Rising/Falling/Remains Steady
Continuous Days on Market in December 2016: 51
• Up 6.3% compared to the last month
• Down 19% compared to the last year
December 2016 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in December 2016: 98%
• 0% compared to the last month
• Up 1% compared to the last year
*Based on 6 month trend - Rising/Falling/Remains Steady
Months of Inventory - Based on closed sales
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December 2016 is a Seller's market*
Months of Inventory based on Closed Sales in December 2016: 1.7 • Down 5.4% compared to the last month • Down 15% 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 |
Absorption Charts - FEB.
DEFINITION of 'Absorption Rate' The rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time.
Read more: Absorption Rate Definition | Investopedia http://www.investopedia.com/terms/a/absorption-rate.asp#ixzz3zLSUYaD4
Read more: Absorption Rate Definition | Investopedia http://www.investopedia.com/terms/a/absorption-rate.asp#ixzz3zLSUYaD4
