Академический Документы
Профессиональный Документы
Культура Документы
MONTH
MEDIAN CLOSE PRICE
PRICE
AVERAGE CLOSE PRICE AVERAGE PRICE PER SQFT
DEMAND
REO CLOSING
Thousands
DATE Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 TRENDS
CHANGE
CHANGE
$220,775 $216,100 $215,750 $212,000 $214,150 $215,250 $217,000 $208,000 $221,300 $237,000 $242,000 $255,000 $237,500 +$2,648
-$4,675 -$350 -$3,750 $2,150 $1,100 $1,750 -$9,000 $13,300 $15,700 $5,000 $13,000 -$17,500 +$468
$250,333 $258,480 $255,787 $257,515 $250,781 $254,133 $254,514 $256,079 $260,883 $275,540 $292,651 $297,213 $277,934 +$3,203
$8,147 -$2,693 $1,727 -$6,734 $3,352 $381 $1,565 $4,804 $14,658 $17,110 $4,563 -$19,279 -$57
$90 $93 $93 $93 $92 $93 $92 $94 $96 $98 $103 $102 $101 +$.94
1,185 1,178 969 863 766 742 537 585 886 1,142 1,270 1,277 1,287 +18
CLOSINGS
537
19 4 43 38 5 49 6 10 172
31 60 63 34 51 33 66 39 43
11 25 13 14 12 13 18 14 13
The Ratio Of Sellers To Buyers measures the number of units of supply relative to the number of units closing per month (demand). All other things being equal, the smaller this number, the tighter the county market. Weeks Supply Given Demand is the ABSORPTION RATEthe number of weeks required to exhaust current supply given current demand. This is an indicator of the relationship of supply to demand expressed in time (weeks). The ABSORPTION RATE is interchangeable with the Ratio Of Sellers To Buyers as a measure of supply demand conditions. The surge in price continues unabated but at a slower pace than last month. The ratio of supply to demand declined slightly. This ensures a continued up tempo for median and average price. REO has weakened from last month (about 3% of total demand). As the market continues to move into the summer, expect activity to increase and speed up slowly in a predictable pattern of rising prices, rising demand, and lagging supply. Supply issues are dampening demand. Take note of the Ratio Of Sellers To Buyers. The current average value is 1.5, signaling a very tight market. Plano takes first place for tightness of market tied with Wylie, while Celina remains the loosest. Celina is in a range of demand/supply that price increases may be hindered. All cities should be considered relatively tight (except Celina in the short run). Observe the History Table. All pricing trends are green and elevated, which implies demand/supply conditions that strongly favor the seller. Note that closings in July are more than last year in the same month. In terms of the trending of the growth of average price per square foot , Collin County is 2nd at $.94 PSQFT gain per month (behind Dallas County), a moderate bump from last month. MCR TIP:. As the market tightens, percent selling will increase but will never rise to 100% (in mass markets).
BELIEVED ACCURATE BUT NOT GUARANTEED