condo market stats
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Condo Market StatisticsLake of the Ozarks, Missouri
October 2011
0
20
40
60
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14
24
2926
44
48
60
5553
57
36
22
13
2729
42
3841
50
59
5053
35 35
15
22
28
43
54
48 48
71
59
Chart 1
201120102009
Condo Units Sold
Condo Units Sold Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201120102009
15 22 28 43 54 48 48 71 59
13 27 29 42 38 41 50 59 50 53 35 35
14 24 29 26 44 48 60 55 53 57 36 22
Condo Units Sold
<100,000
100,000-150,000
150,000-200,000
200,000-250,000
250,000-300,000
300,000-350,000
350,000-400,000
400,000-500,000
500,000-600,000
600,000+
0 10 20 30 40
0
18
24
40
26.4
40.8
23.647
19.721
17.959
22.708
Chart 1
Month's Inventory
October 2011 Condo Absorption Rates
Understanding Absorption Rates How long will it take to absorb the current number of homes and condos listed? This is expressed as Absorption Rate (AR). The AR is
calculated on the numbers of like-kind properties (this is an apples to apples comparison) that have sold in the last 12-month period. Once you have the number of listings sold, you divide by twelve to give you a per month number absorbed by the market or Absorption Rate. Then you take the number currently on the market and divide by the Absorption Rate and that gives you the number of months it
will take to sell everything currently on the market. This does not count any new listings that hit the market. Of course, if the market gets better, or worse, this figure will change.
Price Active Sold Past/Yr Sold/Month Month's Inventory<100,000 123 65 5.41666666666667 22.7076923076923
100,000-150,000 220 147 12.25 17.9591836734694
150,000-200,000 212 129 10.75 19.7209302325581
200,000-250,000 134 68 5.66666666666667 23.6470588235294
250,000-300,000 85 25 2.08333333333333 40.8
300,000-350,000 33 15 1.25 26.4
350,000-400,000 20 6 0.5 40
400,000-500,000 6 3 0.25 24
500,000-600,000 3 2 0.166666666666667 18
600,000+ 2 0 0 0
Total 838 460
October 2011 Condo Absorption Rates
$120,000
$135,000
$150,000
$165,000
$180,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$148,750
$180,000
$172,000
$162,000
$140,000
$144,950
$163,850
$155,000 $155,000
$170,000$167,500
$161,500
$149,950$152,000
$172,000
$166,950 $166,750
$156,550$159,000
$144,000$146,250
$140,000
$174,000
$149,500
$134,900
$158,000
$149,000
$140,000
$164,000
$139,000
$143,750
$160,000
$154,450
Chart 1
201120102009
Condo Median Sell Price
Condo Median Sell
Price Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec201120102009
$134,900 $158,000 $149,000 $140,000 $164,000 $139,000 $143,750 $160,000 $154,450
$149,950 $152,000 $172,000 $166,950 $166,750 $156,550 $159,000 $144,000 $146,250 $140,000 $174,000 $149,500
$148,750 $180,000 $172,000 $162,000 $140,000 $144,950 $163,850 $155,000 $155,000 $170,000 $167,500 $161,500
Condo Median Sell Price
100
150
200
250
300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
166158
218
151
165
155
169
221
260
203
272
196
144
182
163156
238
283
248
148
189
206
192
205
154
199
180
257
221
200
230
220
180
Chart 1
201120102009
Condo Average DOM
Condo Avg DOM
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201120102009
154 199 180 257 221 200 230 220 180
144 182 163 156 238 283 248 148 189 206 192 205
166 158 218 151 165 155 169 221 260 203 272 196
Condo Average DOM
90.00%
92.25%
94.50%
96.75%
99.00%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
95.14%
96.37%
97.95% 97.88%
97.08%
95.91%
96.58%
96.04%
96.83%
96.23%
95.48%
98.69%
93.54%
95.89%
97.87%
94.80%
96.25%
93.94%
96.19%
95.03%
94.56%94.21%
91.67%
94.47%
96.18%
94.20%
93.39%
95.24%
94.34%
95.10% 95.15%
94.28%
95.35%
Chart 1
201120102009
Condos List to Sell Ratio
Condo List-Sell Ratio Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011
2010
2009
96.18% 94.20% 93.39% 95.24% 94.34% 95.10% 95.15% 94.28% 95.35%
93.54% 95.89% 97.87% 94.80% 96.25% 93.94% 96.19% 95.03% 94.56% 94.21% 91.67% 94.47%
95.14% 96.37% 97.95% 97.88% 97.08% 95.91% 96.58% 96.04% 96.83% 96.23% 95.48% 98.69%
Condos List to Sell Ratio
© 2011 Prudential Financial, Inc. and its related entities. An independently owned and operated broker member of Prudential Real Estate A!liates, Inc., a Prudential Financial company. Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license. Equal Housing Opportunity.
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