ADA County Real Estate

16 12 2015
 November 2015 Inside Scoop – Ada County
If you like to keep score 11 vs. 8 :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 21% from last month, 18% 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 – 14% this month.  12/10 high of 22%.  Record Low 11/14 at 9%.  A53.
 
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  – $240,300.  This is 5% up from last month; and a 12% increase from this same month last year!    Chart A10
 
8.  New Construction Median price up this month – $334,164.  This is up 8% from last month; and a 16% increase from this same month last year.  Big swings in new construction stats since we are dealing with such small numbers of houses sold!  Chart A9
 
9.  Resale Median up this month – $213,900.  This is up 2% from last month; and a 8% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
11.  Inventory is down 13% from last month and 16% lower than last year at this time.  This is a very significant number.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
13.  Resale inventory is down. – 1122 from 1453 last month.   Last year at this time there were 1462 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
 
15.  Two Month Rolling Average of Inventory Supply is unchanged.  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 2.8 from 2.8 last month.  This is a critical benchmark number.  Last year at this time it was 3.9.  Chart A28
 
18.  Final Sales Discount is unchanged.  From the last asking price to final sales price, 0.9% from 0.9% last month.  Record low – 06/13 .6%.  Last year at this time it was 1.7%.  Chart 43
 
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ADA County Real Estate News

9 11 2015
 October 2015 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 0% from last month, 21% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are down 4% from last month, up 34% from a year ago.  Wow, this is huge!  Chart A47, A48, & A49.
 
3.  Distressed sales were down 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
 
6.  Year to date sales units up 19% from a year ago Chart A4.  The year to date dollar volume is 29% higher this year.  Much bigger price increases this year cp. to 2014!  Chart A6.  
7.  Median Price down for a home sold this month  – $229,800.  This is 0% down from last month; and a 10% increase from this same month last year!    Chart A10
 
10.  Resale Affordability unchanged from last month- now 16%.  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 at 10.9%.   Charts A39, A40, and A41.
 
11.  Inventory is down 8% from last month and 13% lower than last year at this time.  This is a very significant number.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
13.  Resale inventory is down. – 1453 from 1672 last month.   Last year at this time there were 1761 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
 
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 2.8 from 2.9 last month.  This is a critical benchmark number.  Last year at this time it was 4.0.  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 5.3 from 5.7 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 6.7 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 2.2 from 2.4 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.3 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
 
 




ADA County Real Estate News

8 10 2015
 September 2015 Inside Scoop – Ada County
If you like to keep score 6 vs. 13 :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 3% from last month, 27% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are down 4% from last month, up 31% from a year ago.  Wow, this is huge!  Chart A47, A48, & A49.
 
4.  Short Sales closing success % UP – 18% this month.  12/10 high of 22%.  Record Low 11/14 at 9%.  A53.
 
5.  The dollar volume was down 4% from last month and 39% up from this same month last year.  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 down for a home sold this month  – $230,000.  This is 1% down from last month; and a 12% increase from this same month last year!    Chart A10
10.  Resale Affordability unchanged from last month- now 16%.  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 at 10.9%.   Charts A39, A40, and A41.
 
11.  Inventory is down 0% from last month and 15% lower than last year at this time.  This is a very significant number.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
12.  New Construction inventory up. – 783 from 752 last month.  Last year at this time there were 870 new homes for sale.  Record high 09/06 at 1890!  Record low  06/13 at 494 but it has surged up since then.  I have only been tracking it since January of 2005; so 6/13 is at least a 9 year low for New Construction inventory in Ada County! Chart A19
 
13.  Resale inventory is down. – 1672 from 1709 last month.   Last year at this time there were 2024 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.  Selling odds, using a “2 month rolling average” for sales is 5.7 from 5.1 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 7.0 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 up.  Selling odds, using a “2 month rolling average” for sales is 2.4 from 2.2 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.5 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
18.  Final Sales Discount is unchanged.  From the last asking price to final sales price, 1.1% from 1.1% last month.  Record low – 06/13 .6%.  Last year at this time it was 1.5%.  Chart 43
 
 
 




ADA COUNTY REAL ESTATE NEWS

9 09 2015
GUST 2015 Inside Scoop – Ada County
If you like to keep score 6 vs. 13 :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 15% from last month, 13% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are down 4% from last month, up 41% from a year ago.  Wow, this is huge!  Chart A47, A48, & A49.
 
5.  The dollar volume was down 17% from last month and 18% up from this same month last year.  Chart A5 
 
6.  Year to date sales units up 18% from a year ago Chart A4.  The year to date dollar volume is 27% higher this year.  Much bigger price increases this year cp. to 2014!  Chart A6.  
7.  Median Price up for a home sold this month  – $232,000.  This is 1% up from last month; and a 6% increase from this same month last year!    Chart A10
 
8.  New Construction Median price up this month – $349,642.  This is up 22% from last month; and a 17% increase from this same month last year.  Big swings in new construction stats since we are dealing with such small numbers of houses sold!  Chart A9
 
10.  Resale Affordability unchanged from last month- now 17%.  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 at 10.9%.   Charts A39, A40, and A41.
 
11.  Inventory is down 2% from last month and 18% lower than last year at this time.  This is a very significant number.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
12.  New Construction inventory up. – 752 from 749 last month.  Last year at this time there were 818 new homes for sale.  New Construction inventory has dropped for 64 of the last 107 months since reaching a high of 1890 September 2006.  Record low  0613 at 494 but it has surged up since then.  I have only been tracking it since January of 2005; so 6/13 is at least a 9 year low for New Construction inventory in Ada County! Chart A19
 
13.  Resale inventory is down. – 1709 from 1760 last month.   Last year at this time there were 2172 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
17.  Resale Two Month Rolling Average of Inventory Supply is up.  Selling odds, using a “2 month rolling average” for sales is 2.2 from 2.0 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.3 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
 
 




ADA County Real Estate News

27 08 2015
  JULY 2015 Inside Scoop – Ada County
If you like to keep score 10 vs. 9 :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 3% from last month, 21% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are down 7% from last month, up 32% from a year ago.   Chart A47, A48, & A49.
 
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.
  
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  – $230,812.  This is 0% up from last month; and a 9% increase from this same month last year!    Chart A10
 
9.  Resale Median up this month – $220,000.  This is up 1% from last month; and a 13% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
10.  Resale Affordability unchanged from last month- now 17%.  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 at 10.9%.   Charts A39, A40, and A41.
 
11.  Inventory is up 1% from last month and 13% lower than last year at this time.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
12.  New Construction inventory down. – 749 from 770 last month.  Last year at this time there were 782 new homes for sale.  New Construction inventory has dropped for 64 of the last 106 months since reaching a high of 1890 September 2006.  Record low  0613 at 494 but it has surged up since then.  I have only been tracking it since January of 2005; so 6/13 is at least a 9 year low for New Construction inventory in Ada County! Chart A19.
 
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 2.4 from 2.6 last month.  This is a critical benchmark number.  Last year at this time it was 3.5.  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 4.5 from 5.0 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 4.9 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 2.0 from 2.1 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.2 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
18.  Final Sales Discount is unchanged.  From the last asking price to final sales price, 1% from 1% last month.  Record low – 06/13 .6%.  Last year at this time it was 1.2%.  Chart 43
 
 




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
 
 




ADA County Real Estate News

23 06 2015
 MAY 2015 Inside Scoop – Ada County
If you like to keep score 15 vs. 4 :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 12% from last month, 14% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are UP 3% from last month, up 34% from a year ago. Wow!!! This is strong!  Chart A47, A48, & A49.
 
3.  Distressed sales were down 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%  (I just had to go back and double check that it seemed so high and now just a distant memory!!!)  Chart A42
 
4.  Short Sales closing success % UP – 14% this month.  12/10 high of 22%.  Record Low 11/14 at 9%.  A53.
 
5.  The dollar volume was UP 15% from last month and 20% up from this same month last year.  Chart A5 
 
6.  Year to date sales units up 16% from a year ago Chart A4.  The year to date dollar volume is 24% higher this year.  Much bigger price increases this year cp. to 2014!  Chart A6.  
7.  Median Price up for a home sold this month  – $228,000.  This is 5% upfrom last month; and a 9% increase from this same month last year!    Chart A10
 
8.  New Construction Median price up this month – $298,250.  This is up 7% from last month; and a 3% decrease from this same month last year.  Big swings in new construction stats since we are dealing with such small numbers of houses sold!  Chart A9
 
9.  Resale Median up this month – $215,000.  This is up 3% from last month; and a 10% 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 2.6 from 2.8 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 2.8 from 3.0 last month.  This is a critical benchmark number.  Last year at this time it was 3.6.  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 6.0 from 6.2 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 6.2 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 2.2 from 2.4 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
 
18.  Final Sales Discount is down.  From the last asking price to final sales price, .8% from 1.0% last month.  Record low – 06/13 .6%.  Last year at this time it was .6%.  Chart 43
 
19.  Future Business Forecast is above 100%.  A54.  104%  – so closings next month will be above this month’s level.  Last year at this time it was 94%.
 
 




ADA County Real Estate News

19 05 2015
 APRIL 2015 Inside Scoop – Ada County
If you like to keep score 11 vs. 8 :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 15% from last month, 22% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are UP 16% from last month, up 25% from a year ago. Wow!!! This is strong!  Chart A47, A48, & A49.
 
3.  Distressed sales were down this month.  Short Sales were 1% of the total sales this month.  Record high 01/12 23%.  REO sales were 4%.  Record High 12/10 at 40%. That makes 4% of the sales (with rounding) “distressed” this month.  Record high was 12/10 at 61%.  Chart A42
 
5.  The dollar volume was UP 11% from last month and 30% up from this same month last year.  Chart A5 
 
6.  Year to date sales units up 16% from a year ago Chart A4.  The year to date dollar volume is 27% higher this year.  Here come the price increases!  Chart A6.  
9.  Resale Median down this month – $208,500.  This is down 1% from last month; and a 10% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
10.  Resale Affordability improved from last month- now 15%.  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 at 10.9%.   Charts A39, A40, and A41.
 
11.  Inventory is up 8% from last month and 7% lower than last year at this time.  Watch this, if it stays below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
14.  Single Month Measurement of Inventory Supply is down.  So demand is outpacing supply!  This month’s 2.8 from 3.0 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 3.0 from 3.5 last month.  This is a critical benchmark number.  Last year at this time it was 3.9.  Chart A28
17.  Resale Two Month Rolling Average of Inventory Supply is down.  Selling odds, using a “2 month rolling average” for sales is 2.4 from 2.8 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.3 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
18.  Final Sales Discount is down.  From the last asking price to final sales price, 1.0% from 1.2% last month.  Record low – 06/13 .6%.  Last year at this time it was .6%.  Chart 43
 
19.  Future Business Forecast is above 100%.  A54.  124%  – so closings next month will be above this month’s level.  Last year at this time it was 117%.
 
 
 
 




ADA County Real Estate News

8 04 2015
MARCH 2015 Inside Scoop – Ada County
If you like to keep score 14 vs. 5 :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 38% from last month, 21% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are UP 24% from last month, up 20% from a year ago. This is strong!  Chart A47, A48, & A49.
 
3.  Distressed sales were down this month.  Short Sales were 2% of the total sales this month.  Record high 01/12 23%.  REO sales were 4%.  Record High 12/10 at 40%. That makes 6% of the sales “distressed” this month.  Record high was 12/10 at 61%.  Chart A42
 
4.  Short Sales closing success % UP – 20% this month.  12/10 high of 22%.  Record Low 11/14 at 9%.  A53.
 
5.  The dollar volume was UP 44% from last month and 34% up from this same month last year.  Chart A5 
 
6.  Year to date sales units up 15% from a year ago Chart A4.  The year to date dollar volume is 25% higher this year.  At the class on 2.18 didn’t we all say that prices in 2015 would rise at a greater rate than 2014!  Chart A6.  
7.  Median Price UP for a home sold this month  – $222,700.  This is 1% up from last month; and a 12% increase from this same month last year!    Chart A10
9.  Resale Median UP this month – $210,000.  This is up 7% from last month; and a 16% 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 3.0 from 3.8 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 3.5 from 4.2 last month.  This is a critical benchmark number.  Last year at this time it was 4.4.  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 6.1 from 7.1 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 6.6 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 2,8 from 3.4 last month.  February 2009 set a record high of 15.6. Last year at this time there were 3.8 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
18.  Final Sales Discount is down.  From the last asking price to final sales price, 1.2% from 1.5% last month.  Record low – 06/13 .6%.  Last year at this time it was 1.1%.  Chart 43
 
19.  Future Business Forecast is above 100%.  A54.  133%  – so closings next month will be above this month’s level.  Last year at this time it was 122%.
 
 




ADA County Real Estate News

17 03 2015
FEBRUARY 2015 Inside Scoop – Ada County
If you like to keep score 9 vs. 10 :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 22% from last month, 23% up from this same month last year.  Wow! Chart A3
 
2.  Pending sales are UP 21% from last month, up 13% from a year ago. This is strong!  Chart A47, A48, & A49.
 
3.  Distressed sales were down this month.  Short Sales were 3% of the total sales this month.  Record high 01/12 23%.  REO sales were 5%.  Record High 12/10 at 40%. That makes 8% of the sales “distressed” this month.  Record high was 12/10 at 61%.  
 
5.  The dollar volume was UP 22% from last month and 37% up from this same month last year.  Chart A5 
 
6.  Year to date sales units up 12% from a year ago Chart A4.  The year to date dollar volume is 22% higher this year.  At the class on 2.18 didn’t we all say that prices in 2015 would rise at a greater rate than 2014!  Chart A6.  
9.  Resale Median UP this month – $196,750.  This is up 2% from last month; and a 16% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
11.  Inventory is up 2% from last month and 6% lower than last year at this time.  Watch this, if it stays below last year’s levels price increases will heat up again.  Well they already have!  Charts A16 & A17
 
12.  New Construction inventory down. – 725 from 793 last month.  Last year at this time there were 743 new homes for sale.  So the inventory increase is on the resale side.  New Construction inventory has dropped for 63 of the last 101 months since reaching a high of 1890 September 2006.  Record low  0613 at 494 but it has surged up since then – Builders Beware!  I have only been tracking it since January of 2005; so 6/13 is at least a 9 year low for New Construction inventory in Ada County! Chart A19
 
14.  Single Month Measurement of Inventory Supply is down.  This month’s 3.8 from 4.6 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.
 
17.  Resale Two Month Rolling Average of Inventory Supply is up.  Selling odds, using a “2 month rolling average” for sales is 3.4 from 2.8 last month.  February 2009 set a record high of 15.6. Last year at this time there were 4.3 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
19.  Future Business Forecast is above 100%.  A54.  135%  – so closings next month will be above this month’s level.  Last year at this time it was 122%.