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Weekly Activity
The week ending January 15 marked the 11th consecutive week of year- New Listings ......... 2
over-year gains in buyer activity for the MRIS region. Pending Sales were
up 14.7 percent from a year prior to 2,040 purchase agreements signed.
p
Over the same period, New Listingsg were down 15.9 percent
p to 3,065 new
Pending Sales ......... 3
properties.
Active Listings ......... 4
The total number of Active Listings continued its descent, falling 4.5
percent from year-ago levels. That's the fifth consecutive week of inventory
drops and may be attributed to strong purchase demand coupled with slow Most Recent Month
listing activity.
Although December's monthly figures show slight growth in Months Supply Days on Market Until Sale ......... 5
of Inventory, the figure stands at 6.8 months – just outside the ideal five to
six range. That's only one additional month of supply than the 5.8 months
seen in December 2006. Percent of Original List Price Received at Sale ......... 6
Market times were up from December 2009 by six days to register in at 91
days for December 2010. Sellers, on average, received about 92.0 percent Housing Affordability Index ......... 7
of their original list price – which is on par with December 2007 levels.
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10 7/26/10 11/23/10
4,000
3,000
2,000
1,000
0
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10 7/26/10 11/23/10
80,000
70,000
60,000
50,000
40,000
30,000
20,000
1/11/03 5/11/03 9/8/03 1/6/04 5/5/04 9/2/04 12/31/04 4/30/05 8/28/05 12/26/05 4/25/06 8/23/06 12/21/06 4/20/07 8/18/07 12/16/07 4/14/08 8/12/08 12/10/08 4/9/09 8/7/09 12/5/09 4/4/10 8/2/10 11/30/10
120
100
80
60
40
20
100%
98%
96%
94%
92%
90%
88%
150
140
130
120
110
100
90
C d to
Compared t Last
L t Year:
Y Up (+)
Historical Months Supply of Inventory Compared to 2003: Up (+)
12
10