The October ’13 Housing Reports are now online! Check them out here: https://teamwoodall.com/real-estate-information/local-housing-statistics/. This month saw the launch of a BRAND NEW format for the Housing Reports. This fresh look isn’t purely cosmetic either as the Housing Reports now include the following new features:
- Pricing Heat Map – A heat map that shows the area and year over year median price change.
- Market Conditions Scale – Indicates if the current market is a buyer, seller or balanced market (based on months of inventory). compares to same time last year.
- Home Sales – Shows YTD home sales as compared to YTD last year.
- Properties Under Contract – Compares new properties under contract YTD vs YTD last year.
- Mortgage Rates – Shows trend in 30 year fixed mortgage rates.
- Monthly Payment – Shows what the monthly payment would be on a median priced home now, vs same time last year vs market peak (2006).
- Price Banded Market Conditions – We’ve made a few improvements from old reports on this page. First, we’ve added a 3 month trend in months of inventory (MOI), in addition to current months of inventory. The trend is calculated by averaging active inventory for the last 3 months and dividing by the 3 month average in home sales. Second, we have added a color-coded market conditions description to each price band, whether that price banded in a sellers, slightly sellers, balanced, slightly buyers or buyers market – based on the 3 month trend in MOI.
- Distressed vs Non Distressed – Shows the YTD percentage of distressed property sales vs YTD last year. Distressed includes both REO and short sales.
- Market Performance – Compares YTD change in units and $ volume of Long Realty, the whole market and the average of non-Long Realty companies
- Market Share – Shows a 12 month market share trend.
Enjoy these new Housing Reports and let us know your feedback on the new layout.
Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.
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