The Market-at-a-Glance section contains an overall summary of the trends.
A recap of the current market indicators are as follows:
1. Resale Listings – 20,162
a. The May listing count decreased by 897 (-4.3%) from the April count.
2. Resale Sales – 8,445
a. Resale sales volume is down from this month in 2011 by -1,366 (-13.9%).
b. Resale sales volume is down from this month in 2010 by -622.
c. Resale sales volume is down -839 sales from this month in 2009.
d. Resale sales volume is up 2,808 from this month in 2008.
e. Resale sales volume is up 2,650 from this month in 2007.
f. Resale sales volume is up 887 from this month in 2006.
g. Resale sales volume is down -1,445 from this month in 2005.
3. Median Resale Sales Price – $145,000
a. The median May sales price increased $7,000 from April.
b. The median sales price is $110,000 below the peak level in June 2007.
c. The appreciation rate for the last thirty eight months, April 2009 (when prices first hit bottom) to present, is 8.1% on an annualized basis.
4. New Home Market
a. The number of New Home specs on June 15th decreased by 45 from the May 16th count to 656. The record level was in October 2006 at 4,692.
b. The number of New Home subdivisions this month decreased by 26 to 356.
The general press is reporting housing market information that is six to nine months old.
Copyright ©2012 – This information is compiled and written by Ultimate Information Systems, Inc.
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