| Trends at a Glance | |||
| (Single-family Homes) | |||
| Data | Jan 11 | Dec 10 | Jan 10 |
| Median Price: | $190,000 | $205,000 | $219,995 |
| Average Price: | $310,274 | $322,935 | $355,423 |
| Home Sales: | 474 | 589 | 468 |
| Sale/List Price Ratio: | 92.8% | 93.5% | 92.7% |
| Days on Market: | 102 | 101 | 96 |
The median price for single-family, re-sale homes dropped 7.3% from December and was down 13.6% year-over-year.
The median price for condos, on the other hand, jumped 22% from December, but were down 16.1% year-over-year.
Sales of single-family, re-sale homes and re-sale condos fell last month from December, which is normal for January, but were up 1.3% compared to last January. Condo sales were off 15.4% year-over-year.
Bank-owned property continues to dominate the home market, with 42.1% of all home sales being bank-owned.
flattened out for homes in January, staying at -7%. Sales momentum for condos peaked in June at +30% and is now down to +13%. (See charts below)
sales momentum by using a 12-month moving average to eliminate seasonality. By comparing this year’s 12-month moving average to last year’s, we get a percentage showing market momentum.
the blue area shows momentum for home sales while the red line shows momentum for the median price.
for homes dropped to +12% in January, while pricing momentum for condos dropped 2 points to -16%.
The sales price to list price ratio for homes was 92.8% last month. To put that in perspective, the median ratio since January 1999 is 95.4%. For condos, the sales price to list price ratio was 93.1%. The median for condos is 95.6%.
Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call.
The chart below shows the breakdown of home sales between normal sales, bank-owned sales and short sales, since January 2009.
The median price for the under $500,000 segment of the market was down 5.4% year-over-year. This segment constituted 86.1% of sales last month.
By contrast, the $500,000 to $1,000,000 segment of the market was 11% of sales. The median price was down 1.1% year-over-year.
The million dollar plus market was 3% of total sales last month. The median price for this segment of the market was up 21.1% year-over-year. See our Annual Report for year-end numbers.
The graphs below show monthly prices and sales since 2003. We have used a three month moving average to smooth out monthly fluctuations yet retain seasonal flow.
These graphs are big. Please click on the graph to expand it. Then, use your back button to return to this page.
For full details see the tables below and the Monthly Trends section which breaks out each city's statistics. That menu is at the left.
Also, check out our Annual Trends section for charts and graphs for the past eight years.
The following table provides the median price, the average price and the number of units sold for residential re-sale single family homes.
The tables on this page are xml files and use javascript for viewing.
This table provides the median price, the average price and the number of units sold for residential re-sale condominiums.
If we can help you devise a strategy, call or click buyer or seller. To keep on top of the market, subscribe to this report and you will be notified by e-mail when it is updated each month.
Trend charts for individual cities can be reached by clicking on the City Trends menu to the left.
For detailed information on a specific neighborhood or country club, give Greg Bauer a call at (800) 975-7720, or fill out the appropriate form:Buyers or Sellers.
For our opinion of what your home will sell for in today's market, call or e-mail us.