In-Depth Analysis

November 2010

Market-at-a-Glance

The Market-at-a-Glance section contains an overall summary of the trends described in our detailed articles.

A recap of the current market indicators are as follows:

1. Resale Listings – 45,252

a. The October listing count increased by 50 (.1%) from the September count.

2. Resale Sales – 6,581

a. Resale sales volume is down from this month in 2009 by -1,540 (-19.0%)

b. Resale sales volume is up from this month in 2008 by 1,197.

c. Resale sales volume is up 3.129 sales from this month in 2007.

d. Resale sales volume is up 1,012 from this month in 2006.

e. Resale sales volume is down -1,465 from this month in 2005 (the 2005 figure was inflated by speculator activity).

f. Resale sales volume is down -1,592 from this month in 2004.

g. Resale sales volume is up 40 from this month in 2003.

3. Median Resale Sales Price - $120,000

a. The median October sales price increased $500 from September.

b. The median sales price is $135,000 below the June 2007 level.

c. The appreciation rate for the last eighteen months (April 2009 to present) is 2.7% on an annualized basis.

4. New Home Market

a. The number of New Home specs on November 15th decreased by 70 from the October 15th count to 1,527. The record level was in October 2006 at 4,692.

b. The number of New Home subdivisions this month increased by six to 489.

5. REO – The percentage of resale properties sold which were Lender Owned decreased .2% to 42.3%.

The general press is reporting housing market information that is six to nine months old. The In-Depth Analysis Newsletter provides current information that you need to serve your buyers and sellers and to help them understand what is happening in today’s market.

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