October Housing Market Report

Good morning and HAPPY FRIDAY! It is the first week of the month and you know what that means. It is time to do the numbers. Another strong month to start Quarter 4 as our inventory level dipped even lower to 5.1 which is the lowest it has been all year. Surprisingly, SOLD listings dropped this month by 11% most of which was in the $350,000 and below market. This could mark the beginning of our seasonal slowdown for the holidays or may just be a hiccup for the month in an otherwise strong sales year.

Average sale price year to date compared to last year - Up 4.41

Absorption rate (Inventory Level) year to date compared to last year - Down 14.71%

Sold listings year to date compared to last year - Up 16.4%

What does this mean for you? Buyers may have slowed down a bit for the holidays but demand is still high and homes are selling quickly when they are priced correctly. If you would like information about a particular neighborhood or area in the county, please call or email me for more information and see the full report below. HAVE A GREAT WEEKEND!

Dave :)

Summary Statistics

Oct-15

Oct-14

% Chg

2015 YTD

2014 YTD

% Chg

Absorption Rate

5.1

7.32

-30.33

5.74

6.73

-14.71

Average List Price

$395,351

$356,309

10.96

$329,155

$315,151

4.44

Median List Price

$299,900

$265,000

13.17

$259,000

$248,270

4.32

Average Sale Price

$259,404

$235,842

9.99

$251,271

$240,657

4.41

Median Sale Price

$217,748

$213,503

1.99

$220,000

$207,428

6.06

Average CDOM

103

-16.50

N/A

Median CDOM

-24.00

-10.71

Sold Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	10	6	66.7	59	51	15.7
50,000-99,999	15	21	-28.6	180	209	-13.9
100,000-149,999	46	65	-29.2	545	506	7.7
150,000-199,999	59	75	-21.3	695	651	6.8
200,000-249,999	51	60	-15.0	595	490	21.4
250,000-349,999	71	85	-16.5	815	633	28.8
350,000-449,999	38	25	52.0	325	254	28.0
450,000-549,999	10	9	11.1	127	89	42.7
550,000-649,999	5	5	0.0	62	53	17.0
650,000-749,999	2	5	-60.0	31	25	24.0
750,000-999,999	8	1	700.0	35	18	94.4
1,000,000-1,499,999	1	1	0.0	10	6	66.7
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	0	1	-100.0
3,000,000+	0	0	0.0	0	1	-100.0
Totals	316	358	-11.7	3482	2991	16.4

Pending Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	6	3	100.0	55	53	3.8
50,000-99,999	16	18	-11.1	199	214	-7.0
100,000-149,999	49	51	-3.9	568	535	6.2
150,000-199,999	80	59	35.6	779	678	14.9
200,000-249,999	75	60	25.0	648	535	21.1
250,000-349,999	75	76	-1.3	843	711	18.6
350,000-449,999	33	38	-13.2	372	295	26.1
450,000-549,999	7	17	-58.8	141	109	29.4
550,000-649,999	9	8	12.5	74	52	42.3
650,000-749,999	2	3	-33.3	34	30	13.3
750,000-999,999	0	5	-100.0	39	35	11.4
1,000,000-1,499,999	0	1	-100.0	10	11	-9.1
1,500,000-1,999,999	0	0	0.0	5	4	25.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	1	0	N/A	1	2	-50.0
3,000,000+	0	0	0.0	0	2	-100.0
Totals	353	339	4.1	3769	3267	15.4

Active Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	31	41	-24.4	113	123	-8.1
50,000-99,999	79	97	-18.6	378	457	-17.3
100,000-149,999	156	238	-34.5	864	982	-12.0
150,000-199,999	184	298	-38.3	1166	1263	-7.7
200,000-249,999	227	324	-29.9	1129	1177	-4.1
250,000-349,999	409	482	-15.1	1739	1747	-0.5
350,000-449,999	273	274	-0.4	925	894	3.5
450,000-549,999	141	121	16.5	452	381	18.6
550,000-649,999	75	83	-9.6	251	230	9.1
650,000-749,999	50	41	22.0	142	135	5.2
750,000-999,999	71	72	-1.4	189	176	7.4
1,000,000-1,499,999	26	36	-27.8	82	107	-23.4
1,500,000-1,999,999	21	16	31.3	44	39	12.8
2,000,000-2,499,999	4	3	33.3	13	8	62.5
2,500,000-2,999,999	8	7	14.3	16	12	33.3
3,000,000+	9	9	0.0	21	18	16.7
Totals	1764	2142	-17.6	7524	7749	-2.9

New Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	5	12	-58.3	77	96	-19.8
50,000-99,999	26	22	18.2	281	338	-16.9
100,000-149,999	46	70	-34.3	672	792	-15.2
150,000-199,999	75	92	-18.5	894	1002	-10.8
200,000-249,999	93	102	-8.8	868	929	-6.6
250,000-349,999	120	156	-23.1	1317	1360	-3.2
350,000-449,999	59	66	-10.6	693	691	0.3
450,000-549,999	33	38	-13.2	338	287	17.8
550,000-649,999	16	20	-20.0	182	173	5.2
650,000-749,999	8	9	-11.1	98	102	-3.9
750,000-999,999	10	11	-9.1	127	129	-1.6
1,000,000-1,499,999	1	4	-75.0	48	70	-31.4
1,500,000-1,999,999	2	1	100.0	32	24	33.3
2,000,000-2,499,999	1	0	N/A	10	4	150.0
2,500,000-2,999,999	2	1	100.0	10	6	66.7
3,000,000+	1	2	-50.0	10	13	-23.1
Totals	498	606	-17.8	5657	6016	-6.0

October Market Report

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