ga realtors stats may 2012

7/28/2019 GA Realtors Stats May 2012

1/12

Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE GEORGIA ASSOCIATION OF REALTORS

May 2012

2 Market Overview

3 New Listings

4 Pending Sales

5 Closed Sales

6 Days On Market Until Sale7 Median Sales Price

8 Average Sales Price

9

10 Housing Affordability Index

11 Inventory of Homes for Sale

12 Months Supply of Inventory

Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Powered by 10K Research and Marketing. | 1

Quick Facts

+ 3.0% + 1.8% - 31.4%

Change inClosed Sales

Change inMedian Sales Price

Change inInventory

Click on desired metric to jump to that page.

Spring has brought both change and clarity to our local market. Some sellers

are seeing competing bids on their properties which have led to modest price

gains. Buyers have fewer options from which to choose in many submarkets.

Headlines and sound bites can often mask regional variability. With fewerdistressed properties selling, prices are effectively melting up due to less

downward pressure. May looked pretty good all around.

New Listings in the state of Georgia decreased 13.4 percent to 11,972. Pending

Sales were up 32.5 percent to 10,117. Inventory levels shrank 31.4 percent to

49,049 units.

Prices moved higher. The Median Sales Price increased 1.8 percent to

$109,900. Days on Market was down 7.6 percent to 85 days. The supply-

demand balance stabilized as Months Supply of Inventory was down 44.0

percent to 6.7 months.

In economic news, May's jobs report was disappointing, and there's a growing

concern about the pace of domestic growth. Last month was also unsettling for

investors, prompting some to hunt for better returns in the housing market. This

forces other consumers up the price ladder. In politics, the Senate approved a

60-day National Flood Insurance Program extension. But with campaign season

upon us, major housing-related bills or policy shifts are unlikely.

Percent of Original List Price Received


2/12

Market OverviewKey market metrics for the current month and year-to-date.

Key Metrics Historical Sparklines 5-2011 5-2012 + / YTD 2011 YTD 2012 + /

Data comes from the Georgia MLS, Columbus Board of REALTORS, Savannah MLS and Greater Augusta Association of REALTORS. Provided by the Georgia Association of REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

224

--

-- --

--

--Months Supply

of Homes for Sale

219

- 31.4%

- 44.0%

49,049

6.712.0

Inventory of Homes for Sale

- 0.3%

$105,600 $98,000

+ 2.7%

- 7.6% 95 91 - 4.7%

- 7.2%

+ 3.7% 88.2% 90.6%

30,132

New Listings

Pending Sales

Closed Sales

- 13.5%

7,634 10,117 + 32.5% 34,638 41,629 + 20.2%

62,18613,830 11,972 - 13.4% 71,891

7,453

89.1%

7,675 + 3.0%

92.4%

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of Original

List Price Received

+ 1.8%

$151,786 + 0.6%

Housing Affordability Index

34,164 + 13.4%

220

71,511

92 85

238 + 6.5%

--

$146,343 $139,627 - 4.6%

$107,950 $109,900

$152,740

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012

5-2009 5-2010 5-2011 5-2012


3/12

New ListingsA count of the properties that have been newly listed on the market in a given month.

Month Prior Year

Current

Year+ /

June 15,552 13,900 -10.6%

July 15,063 11,994 -20.4%

August 14,574 12,892 -11.5%

September 13,102 11,510 -12.2%

October 12,846 11,326 -11.8%

November 11,325 9,766 -13.8%

December 11,392 8,700 -23.6%

January 14,215 12,011 -15.5%

February 13,439 11,759 -12.5%

March 16,204 13,427 -17.1%April 14,203 13,017 -8.4%

May 13,830 11,972 -13.4%

12-Month Avg 13,812 11,856 -14.2%


14,281 13,830

11,972

2010 2011 2012

May

5,000

7,500

10,000

12,500

15,000

17,500

20,000

22,500

25,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical New Listing Activity

78,538

71,891

62,186

2010 2011 2012

Year To Date

-13.5%-3.2% -13.4% -8.5%


4/12

Pending SalesA count of the properties on which contracts have been accepted in a given month.

Month Prior Year

Current

Year+ /

June 6,128 7,993 +30.4%

July 6,100 7,121 +16.7%

August 6,213 7,933 +27.7%

September 5,759 6,872 +19.3%

October 5,354 6,567 +22.7%

November 4,922 6,059 +23.1%

December 4,766 5,791 +21.5%

January 5,407 6,809 +25.9%

February 6,390 7,559 +18.3%

March 7,928 8,541 +7.7%April 7,279 8,603 +18.2%

May 7,634 10,117 +32.5%

12-Month Avg 6,157 7,497 +22.0%


5,238

7,634

10,117

2010 2011 2012

May

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Pending Sales Activity

34,423 34,638

41,629

2010 2011 2012

Year To Date

+20.2%+45.7% +32.5% +0.6%


5/12

Closed SalesA count of the actual sales that have closed in a given month.

Month Prior Year

Current

Year+ /

June 7,892 8,355 +5.9%

July 6,156 7,335 +19.2%

August 6,185 7,874 +27.3%

September 5,933 7,391 +24.6%

October 5,586 6,744 +20.7%

November 5,132 6,057 +18.0%

December 5,854 6,774 +15.7%

January 4,074 5,484 +34.6%

February 4,893 6,180 +26.3%

March 6,955 7,654 +10.1%April 6,757 7,171 +6.1%

May 7,453 7,675 +3.0%

12-Month Avg 6,073 7,058 +17.6%


7,295 7,4537,675

2010 2011 2012

May

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Closed Sales Activity

31,066 30,132

34,164

2010 2011 2012

Year To Date

+13.4%+2.2% +3.0% -3.0%


6/12

Days on Market Until SaleAverage number of days between when a property is listed and when an offer is accepted in a given month.

Month Prior Year

Current

Year+ /

June 89 96 +7.7%

July 88 98 +11.1%

August 87 96 +10.2%

September 91 99 +8.8%

October 90 98 +8.9%

November 91 96 +5.8%

December 96 97 +1.0%

January 97 94 -2.8%

February 101 96 -5.1%

March 95 92 -3.2%April 94 89 -5.6%

May 92 85 -7.6%

12-Month Avg 92 95 +2.4%


8992

85

2010 2011 2012

May

75

80

85

90

95

100

105

110

115

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Days on Market Until Sale

92 95 91

2010 2011 2012

Year To Date

-4.7%+4.3% -7.6% +3.3%


7/12

Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.

Month Prior Year

Current

Year+ /

June $125,000 $110,000 -12.0%

July $124,000 $113,950 -8.1%

August $115,000 $105,100 -8.6%

September $115,000 $95,000 -17.4%

October $112,000 $93,200 -16.8%

November $113,800 $96,000 -15.6%

December $117,000 $96,525 -17.5%

January $107,500 $87,000 -19.1%

February $102,500 $87,000 -15.1%

March $106,000 $99,000 -6.6%April $105,139 $105,000 -0.1%

May $107,950 $109,900 +1.8%

12-Month Med $113,500 $100,000 -11.9%


$127,000

$107,950 $109,900

2010 2011 2012

May

$80,000

$90,000

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Median Sales Price

$120,000

$105,600$98,000

2010 2011 2012

Year To Date

-7.2%-15.0% +1.8% -12.0%


8/12

Average Sales PriceAverage sales price for all closed sales, not accounting for seller concessions, in a given month.

Month Prior Year

Current

Year+ /

June $162,386 $156,912 -3.4%

July $164,251 $157,697 -4.0%

August $153,999 $145,464 -5.5%

September $151,586 $135,959 -10.3%

October $149,890 $133,986 -10.6%

November $149,451 $136,258 -8.8%

December $157,588 $137,440 -12.8%

January $145,788 $126,381 -13.3%

February $141,755 $127,549 -10.0%

March $144,054 $139,228 -3.3%April $146,342 $146,478 +0.1%

May $151,786 $152,740 +0.6%

12-Month Avg $152,071 $142,255 -6.5%


$162,293$151,786 $152,740

2010 2011 2012

May

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Average Sales Price

$153,358$146,343

$139,627

2010 2011 2012

Year To Date

- 4.6%- 6.5% + 0.6% - 4.6%


9/12

Percent of Original List Price Received

Month Prior Year

Current

Year+ /

June 91.7% 89.3% -2.6%

July 90.7% 89.2% -1.6%

August 89.6% 88.7% -0.9%

September 88.4% 88.8% +0.5%

October 88.3% 88.8% +0.5%

November 88.0% 89.2% +1.4%

December 87.7% 89.2% +1.6%

January 87.4% 89.2% +2.1%

February 87.4% 89.0% +1.9%

March 87.9% 90.3% +2.7%April 88.7% 91.5% +3.1%

May 89.1% 92.4% +3.7%

12-Month Avg 88.9% 89.7% +0.9%


Percentage found when dividing a propertys sales price by its original list price, then taking the average for all properties sold in a given month,

not accounting for seller concessions.

91.5% 89.1%92.4%

2010 2011 2012

May

84%

86%

88%

90%

92%

94%

96%

98%

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Percent of Original List Price Received

90.7% 88.2% 90.6%

2010 2011 2012

Year To Date

+2.7%-2.6% +3.7% -2.7%


10/12

Housing Affordability Index

Month Prior Year

Current

Year+ /

June 199 220 +10.4%

July 199 214 +8.0%

August 215 230 +6.8%

September 218 249 +14.3%

October 220 255 +15.9%

November 220 250 +13.7%

December 213 249 +17.2%

January 218 259 +18.7%

February 224 259 +15.6%

March 220 236 +7.5%April 221 225 +2.0%

May 220 219 -0.3%

12-Month Avg 215 239 +10.8%


This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary

to qualify for the median-priced home under prevailing interest rates.A higher number means greater affordability.

195

220 219

2010 2011 2012

May

90

110

130

150

170

190

210

230

250

270

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Housing Affordability Index

204

224238

2010 2011 2012

Year To Date

+6.5%+12.8% -0.3% +9.8%


11/12

Inventory of Homes for SaleThe number of properties available for sale in active status at the end of a given month..

Month Prior Year

Current

Year+ /

June 78,824 70,512 -10.5%

July 78,753 67,814 -13.9%

August 78,346 65,380 -16.5%

September 77,144 63,404 -17.8%

October 75,103 61,090 -18.7%

November 73,919 58,790 -20.5%

December 72,393 55,933 -22.7%

January 70,668 53,878 -23.8%

February 70,904 52,697 -25.7%

March 71,723 52,432 -26.9%April 72,142 52,237 -27.6%

May 71,511 49,049 -31.4%

12-Month Avg 74,286 58,601 -21.3%


76,61371,511

49,049

2010 2011 2012

May

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Inventory of Homes for Sale

-31.4%-6.7%


12/12

Months Supply of InventoryThe inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

Month Prior Year

Current

Year+ /

June 11.8 11.5 -2.7%

July 12.0 10.7 -10.3%

August 12.1 10.2 -15.4%

September 12.0 9.7 -19.5%

October 11.9 9.2 -22.6%

November 12.0 8.7 -27.0%

December 11.8 8.2 -30.3%

January 11.5 7.8 -32.3%

February 11.6 7.5 -35.2%

March 11.7 7.4 -36.9%April 11.7 7.3 -38.1%

May 12.0 6.7 -44.0%

12-Month Avg 11.8 8.7 -26.1%


11.212.0

6.7

2010 2011 2012

May

2

4

6

8

10

12

14

16

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Months Supply of Inventory

-44.0%+7.4%

ga realtors stats may 2012

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