ADA County Real Estate News

22 02 2016
JANUARY 2012 Inside Scoop – Ada County
If you like to keep score 8 vs. 11 :o(
(I am only counting an item as “Positive” if the first part is in bold)
Positive News in in Bold
 
1.  Sales are down 17% from last month, and 13% up from this same month last year.  Chart A3
2.  Pending sales are up 22% from last month, and are up 17% from a year ago.  Chart A47, A48, & A49.
5.  The dollar volume was down 20% from last month and 10% up from this same month last year in dollar volume of sales.  Chart A5
6.  Year to date sales up for 2011  13% more units than a year ago Chart A4.  The year to date dollar volume is 10% higher this year.    Chart A6.  
 
7.  Median Price down for a home sold this month  – $139,000.  This is 5% down from last month; and a 3% increase from this same month last year.   Chart A7
 
10.  Affordability up.  Jan. 2005 when I started tracking Affordability it took 19% of a median income to buy a median priced resale home at the then current Freddie Mac interest rate PITI.  06/06 was the high (most Unaffordable!) at 30%  Record for the most “affordable month” 01/12 10.9%  Charts A39, A40, and A41.
11.  Inventory is Down 2% from last month and 28% lower than last year at this time.  Charts A16 & A17
12.  New Construction inventory down slightly. – 557 from 559 last month –  Last year at this time there were 575 new homes for sale.  New Construction inventory has dropped for 47 of the last 64 months since reaching a high of 1890 September 2006.  Record low was 12/10 at 503.  Chart A19
13.  Resale inventory down. – 1374 from 1414 last month.   Last year at this time there were 2121 resale homes for sale.  July 2008 was the all time record high at 3920!   July 2005 was the low point in resale inventory at 657.    Chart A21
 
16.  New Construction Two Month Rolling Average of Inventory Supply is up slightly.  Selling odds, using a “2 month rolling average” for sales is 7.9 from 7.8 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time it was 10.4.  September 2005 was the peak of the seller’s market at 1.3.  Charts A29 & A30
 
17.  Resale Two Month Rolling Average of Inventory Supply is up slightly.  Selling odds, using a “2 month rolling average” for sales is 3.8 from 3.5 last month.  February 2009 set a record high of 15.6. Last year at this time there were 5.5 months of inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A31 & A32
 
18.  Final Sales Discount is down.  From the last asking price to final sales price, 1.8% from 2.3% last month.  Record low – 11/11 1.7%.  Last year at this time it was 1.8%.  Chart 43
 
19.  Future Business Forecast is way UP from last month.  A54.  144%  – so closings next month should be UP from this month’s level.  Last year at this time it was 148%.
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