December Market Statistics

Sales of single-family, re-sale homes ended the year off 0.4% year-over-year in December.

Home inventory continues to be abysmal. It was off 77.2% from last December.

The median price for homes jumped 28.8% year-over-year. The median price has been higher than the year before for the past eleven months. The sales price to list price ratio has been over 100% for the past ten months: 102.6%.

The average price for homes was up 27.2% year-over-year.

Pending home sales were down 29.8% year-over-year, portending a slow start to 2013.

Sales momentum…

for homes rose 0.6 of a point to +4.6.

Pricing momentum…

has been on the up-swing the past ten months. It rose 2.1 points to +11.3.

Condo Statistics…

The median price for condos was up 32.3% year-over-year. That’s ten straight months of double-digit gains.

Sales were off 19.5%, while pending sales fell 36.4%.

Condo inventory was down 85.8% from last December.

NOVEMBER MARKET STATISTICS

Sales of single-family, re-sale homes were up 5.6% year-over-year in November. Home inventory continues to be abysmal. It was off 73% from last November. The median price for homes jumped 23.4% year-over-year. The median price has been higher than the year before for the past ten months. The sales price to list price ratio has been over 100% for the past nine months. The average price for homes was up 19.2% year-over-year. Pending home sales were down 6.9% year-over-year.

SALES MOMENTUM…
for homes rose 0.8 of a point to +4.

PRICING MOMENTUM…
has been on the up-swing the past nine months. It rose 1.8 points to +9.2.

CONDO STATISTICS… The median price for condos was up 43.6% year-over-year. That’s nine straight months of double-digit gains. Sales were off 4.5%, while pending sales fell 10.5%.

OCTOBER MARKET STATISTICS

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Sales of single-family, re-sale homes bounced up last month, rising 18% year-over-year.
Home inventory continues to be abysmal. It was off 41.6% from last October.
The median price for homes jumped 27.5% year-over-year. The median price has been higher than the year before for the past nine months. The sales price to list price ratio has been over 100% for the past eight months.

The average price for homes was up 27.3% year-over-year.
Pending home sales were down 3.1% year-over-year.

SEPTEMBER MARKET STATISTICS

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Sales of single-family, re-sale homes continued to drop last month, falling 4.6% year-over-year.
Home inventory was off 32.6% from last September.
The median price for homes rose 19.1% year-over-year. The median price has been higher than the year before for the past eight months. The sales price to list price ratio has been over 100% for the past seven months.

The average price for homes was up 18.6% year-over-year.
Pending home sales were up 8.7% year-over-year.