ADA County Real Estate News

15 07 2015
 JUNE 2015 Inside Scoop – Ada County
If you like to keep score 12 vs. 7 :o)
(I am only counting an item as “Positive” if the first part is in bold)
Positive News in in Bold
 
1.  Sales are UP 14% from last month, 28% up from this same month last year.  Wow! Chart A3
 
3.  Distressed sales were unchanged this month.  Short Sales were 1% of the total sales this month.  Record high 01/12 23%.  REO sales were 2%.  Record High 12/10 at 40%. That makes 3% of the sales “distressed” this month.  Record high was 12/10 at 61%  A distant memory!  Chart A42
 
4.  Short Sales closing success % UP – 17% this month.  12/10 high of 22%.  Record Low 11/14 at 9%.  A53.
 
5.  The dollar volume was UP 20% from last month and 39% up from this same month last year.  Wow! Chart A5 
 
6.  Year to date sales units up 19% from a year ago Chart A4.  The year to date dollar volume is 28% higher this year.  Much bigger price increases this year cp. to 2014!  Chart A6.  
7.  Median Price up for a home sold this month  – $230,000.  This is 1% up from last month; and a 6% increase from this same month last year!    Chart A10
 
9.  Resale Median up this month – $218,250.  This is up 2% from last month; and a 9% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
14.  Single Month Measurement of Inventory Supply is down.  So demand is outpacing supply!  This month’s 2.4 from 2.6 month’s of inventory last month.  This is a calculation of single month snaps – inventory for a particular month divided by that month’s sales – no averaging.  January 2009 set the all time new record high at 16.7 months of inventory.  . .Record low 05/13 at 2.3!  Chart A26.
 
15.  Two Month Rolling Average of Inventory Supply is down.  Keep an eye on chart A28, especially the county wide number that I have put in bold!  This correlates the number of buyers with the available inventory using a “2 month rolling average” to calculate the sales.    This month’s 2.6 from 2.8 last month.  This is a critical benchmark number.  Last year at this time it was 3.4.  Chart A28
 
16.  New Construction Two Month Rolling Average of Inventory Supply is down.  Selling odds, using a “2 month rolling average” for sales is 5.0 from 6.0 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 5.1 month inventory supply.  September 2005 was the peak of the seller’s market at 1.3.  Charts A30
17.  Resale Two Month Rolling Average of Inventory Supply is down.  Selling odds, using a “2 month rolling average” for sales is 2.1 from 2.2 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.1 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
 
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