Quarterly Market Report

Posted by Steph Kaye on Friday, March 14th, 2014 at 11:13am.

 Quarterly Market Report

 

 

Original Price vs Sold Price

In November 2013 the orginal price caught up to the sold price. By February of 2014, however, the sales prices were approx $25,000 lower than the original price.


DOM Median vs Average

The number of days it takes to sell a home in today's market has almost doubled since October 2013.
 
 

Historic Count of Active Listings

The number of active listings dropped significantly from October 2013 to January 2014.
 


Historic Count of Sales by Month

 
On average, the number of home sales from January to February is fairly consistant except for 2014 where the number of homes sales decreased significantly.
 


Historic Sales Price Trend

 
 
From January 2006 until January 2009 we saw a steady decrease in the sales price of homes on average. Beginning in January 2009, however,  sales prices began to increase again.
 
 
Historic Sales x Price Range

 
So far this year the number of sold homes priced under $300,000 was quite a bit lower then the homes sold in the same price range in 2013. The number of homes sold above $300,000 has remained about the same.
 
 
Months of Inventory

 
Inventory in 2013 was down compared to previous years but was back up to about 5.5 months by January of 2014.
 
 
Sale Price/List Price Ratio

 
Back in July of 2013 home sellers were getting 100% of asking price on average. By January of 2014, however, sellers were receiving approx. 98% of their asking price.

4 Responses to "Quarterly Market Report"

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Posted on Sunday, March 16th, 2014 at 2:05pm.

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Real Estate Market Update March 2014 wrote: [...]Links

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Posted on Thursday, March 20th, 2014 at 5:58pm.

Fannie Mae Extends Deadline for Incentive Program wrote: [...] Possible 4.2 Million Home-Buyers in 2014?
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Posted on Saturday, March 29th, 2014 at 2:10pm.

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