Housing Market Report- December 2015

Good afternoon and Happy Friday. I hope that you had a fantastic New Year and my best to you and yours in 2016!!! It is the first part of the month and you know what that means. It’s time to do the numbers.

Although all of the numbers for 2015 are not in from various data agencies, 2015 was a great year for the housing market both locally and nationally. Here is a rundown of some important numbers for Washington County:

Absorption Rate (inventory in months) 16.52% DECREASE from 2014

Average Sale Price 3.56% INCREASE from 2014

Sold Listings 15.4% INCREASE from 2014

New Listings 4.7% DECREASE from 2014

A rise in sales and a reduction in new listings sharply diminished the amount of inventory on the market and helped to push prices up. Although prices increased, they did so at a stable rate.

Looking at 2016, the variables that will affect supply and demand will be rising interest rates, new housing developments, and increased prices among others. See the full report below and please let me know if you have questions about the these numbers or a specific area within the market.

Best, David Alderman

Painted Hills Realty

Summary Statistics

Dec-15

Dec-14

% Chg

2015 YTD

2014 YTD

% Chg

Absorption Rate

4.85

6.49

-25.27

5.61

6.72

-16.52

Average List Price

$401,181

$360,475

11.29

$327,297

$315,261

3.82

Median List Price

$299,900

$269,000

11.49

$257,500

$249,000

3.41

Average Sale Price

$248,833

$262,838

-5.33

$252,604

$243,931

3.56

Median Sale Price

$219,000

$233,476

-6.20

$220,000

$209,900

4.81

Average CDOM

-10.23

N/A

Median CDOM

-15.22

-10.91

Sold Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	11	4	175.0	73	62	17.7
50,000-99,999	14	17	-17.6	207	242	-14.5
100,000-149,999	44	49	-10.2	625	594	5.2
150,000-199,999	69	54	27.8	822	760	8.2
200,000-249,999	57	46	23.9	720	580	24.1
250,000-349,999	70	61	14.8	946	747	26.6
350,000-449,999	36	34	5.9	392	317	23.7
450,000-549,999	10	19	-47.4	152	119	27.7
550,000-649,999	8	4	100.0	78	68	14.7
650,000-749,999	2	2	0.0	36	29	24.1
750,000-999,999	3	5	-40.0	41	27	51.9
1,000,000-1,499,999	0	1	-100.0	11	8	37.5
1,500,000-1,999,999	0	0	0.0	3	2	50.0
2,000,000-2,499,999	0	0	0.0	0	2	-100.0
2,500,000-2,999,999	0	0	0.0	1	1	0.0
3,000,000+	0	0	0.0	0	1	-100.0
Totals	324	296	9.5	4107	3559	15.4

Pending Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	6	3	100.0	67	64	4.7
50,000-99,999	14	11	27.3	226	239	-5.4
100,000-149,999	43	44	-2.3	637	625	1.9
150,000-199,999	45	44	2.3	889	773	15.0
200,000-249,999	42	42	0.0	737	616	19.6
250,000-349,999	50	43	16.3	963	818	17.7
350,000-449,999	25	23	8.7	437	352	24.1
450,000-549,999	16	6	166.7	172	134	28.4
550,000-649,999	2	2	0.0	81	61	32.8
650,000-749,999	1	0	N/A	37	32	15.6
750,000-999,999	3	3	0.0	46	47	-2.1
1,000,000-1,499,999	0	2	-100.0	11	15	-26.7
1,500,000-1,999,999	1	2	-50.0	6	6	0.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	0	0	0.0	2	2	0.0
3,000,000+	0	1	-100.0	0	3	-100.0
Totals	248	226	9.7	4312	3788	13.8

Active Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	32	35	-8.6	124	133	-6.8
50,000-99,999	90	98	-8.2	420	499	-15.8
100,000-149,999	114	203	-43.8	920	1077	-14.6
150,000-199,999	160	293	-45.4	1295	1382	-6.3
200,000-249,999	226	276	-18.1	1264	1283	-1.5
250,000-349,999	411	434	-5.3	1924	1909	0.8
350,000-449,999	248	263	-5.7	1020	984	3.7
450,000-549,999	132	112	17.9	492	422	16.6
550,000-649,999	73	69	5.8	271	251	8.0
650,000-749,999	48	44	9.1	154	147	4.8
750,000-999,999	63	65	-3.1	211	196	7.7
1,000,000-1,499,999	23	35	-34.3	88	118	-25.4
1,500,000-1,999,999	23	13	76.9	49	43	14.0
2,000,000-2,499,999	7	3	133.3	16	9	77.8
2,500,000-2,999,999	6	6	0.0	15	12	25.0
3,000,000+	9	10	-10.0	21	21	0.0
Totals	1665	1959	-15.0	8284	8486	-2.4

New Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	4	5	-20.0	88	106	-17.0
50,000-99,999	15	24	-37.5	324	382	-15.2
100,000-149,999	29	44	-34.1	732	888	-17.6
150,000-199,999	62	52	19.2	1030	1122	-8.2
200,000-249,999	61	49	24.5	1004	1037	-3.2
250,000-349,999	83	81	2.5	1507	1523	-1.1
350,000-449,999	40	37	8.1	787	781	0.8
450,000-549,999	21	20	5.0	381	329	15.8
550,000-649,999	8	10	-20.0	204	194	5.2
650,000-749,999	8	8	0.0	111	114	-2.6
750,000-999,999	8	9	-11.1	149	150	-0.7
1,000,000-1,499,999	4	7	-42.9	56	83	-32.5
1,500,000-1,999,999	1	3	-66.7	38	28	35.7
2,000,000-2,499,999	0	0	0.0	13	5	160.0
2,500,000-2,999,999	0	0	0.0	10	6	66.7
3,000,000+	0	2	-100.0	10	16	-37.5
Totals	344	351	-2.0	6444	6764	-4.7

2015 Housing Market Report

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