Active Listings: 18,755 vs 14,664 September 2012 & about a 1500 unit jump from last month. We currently are at a 2.6 month supply of all homes on the market. Equity sales make up 90.7% of sales (17,016 units); Short Sales are at 4.5% (850 units); REO sales 4.4% (829 units) and HUD .3% (60 units)
Closed Sales in August 2013: 7,119 (vs 7,582 in August 2012 & 8,738 in August 2011) Equity listings 80.5% (5,734 units); Short Sales 10.1% (722 units); REO 6.2% (442 units); HUD 3.1% (221 units)
Market Insights:
- Inventory is increasing at a faster rate than last year. It is expected to continue as rates and prices rise.
- Supply is up in every price range and the market is 'normal' in the $450K to $1 million range.
- It is getting more and more competitive for buyers out there.
| Price | Active | Sold | Supply |
| <$150K | 4,640 (24.7%) | 2,656 (37.3%) | 1.7 Months |
| $150,001 to $300K | 7,185 (38.3%) | 3330 (46.8%) | 2.2 Months |
| $300,001 to $450K | 3,099 (16.5%) | 996 (14.0%) | 3.1 Months |
| $450,001 to $600K | 1,331 (7.1%) | 305 (4.3%) | 4.4 Months |
| $600,001 to $750K | 668 (3.6%) | 117 (1.6%) | 5.7 Months |
| $750,001 to $1 Mil | 685 (3.7%) | 97 (1.4%) | 7.1 Months |
* Sold numbers in price ranges have been averaged over the past 2 months for a more accurate picture of the market.
For information on homes above $1,000,000 contact me direct 480-577-4041.
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