Coldwell Banker Premier Realty

Looking at October Single Family Metrics

home prices move sideways again
Posted by John McClelland on November 11, 2016 in  home prices  single family homes

With a relatively balanced supply-demand picture, single family home prices traded sideways once again. For most of 2016, prices moved little with just two months accounting for most of the year's increase. Underlying fundamentals continue to improve so we are very comfortable with prices at these levels.

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Despite have a relatively low level of available supply, which in now less than three months, we are observing very little price pressure outside of a few key areas. When price does not rise against this low level of supply, it indicates that demand is moderate. However, homes that are priced close to the neighborhood comps and are getting offers, it's just not the furious level of activity we experienced over a much of the recovery. While home prices have trended sideways, underlying fundamentals in the regio... read more
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Quick Facts:

  • Distressed homes are a small fraction of current inventory.
  • Months-of-supply is about three months.
  • The sale price – list price ratio is about 98%.

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