A M. Appraisals Blog

The U.S. housing market has continued to cool, as rising mortgage rates and record- high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans delayed, many are turning to the rental market, where competition has intensified due to increased demand.

New Listings were down 16.2 percent to 1,621. Pending Sales decreased 14.5 percent to 1,306. Inventory grew 32.6 percent to 1,982 units.

Prices moved higher as Median Sales Price was up 20.0 percent to $274,818. Days on Market increased 23.5 percent to 21 days. Months Supply of Inventory was up 36.4 percent to 1.5 months, indicating that supply increased relative to demand.

At a time of year when homebuying activity is typically very strong, soaring homeownership costs have caused home sales to decline nationwide for the fifth consecutive month, with existing-home sales falling 5.4% month-to-month and 14.2% year-over-year as of last measure, according to NAR. But there is a bright spot. Inventory of existing homes has continued to climb this summer, with 1.26 million homes available at the beginning of July, equivalent to a 3 months’ supply. And despite the summer slowdown, homes are still selling quickly, with the typical home staying on market an average of 14 days.

 
MEDIAN SALES PRICES







Here is a link to current market activity for the COLUMBIA MLS market by area for November 2019:

https://files.constantcontact.com/b2ef073b701/93375195-04f3-46ac-9155-f198447b006c.pdf

		New Listings			Sold Listings
Area	Available Inventory	New	Avg List Price	Pending	Sales	Avg Sale Price	% SP/LP	Avg DOM	Withdrawn	Expired
Area 001	2,741	2,120	172,852	1,554	1,458	156,201	96.68	72	438	288
Area 002	1,684	1,293	151,041	1,019	966	141,544	96.67	80	243	145
Area 003	945	681	114,569	393	381	105,612	92.83	93	198	158
Area 004	5,183	3,945	215,988	2,667	2,496	192,386	97.59	87	881	591
Area 005	816	619	190,630	382	357	175,269	94.95	83	170	92
Area 006	612	461	319,646	356	339	309,684	94.79	72	123	39
Area 007	1,006	724	210,521	446	413	202,178	94.72	85	191	135
Area 008	860	607	154,197	485	472	144,275	96.28	94	155	83
Area 009	132	85	132,790	61	56	102,517	91.05	126	29	15
Area 010	405	297	105,879	201	206	101,896	95.81	75	67	70
Area 011	3,764	2,970	217,486	2,258	2,195	203,445	98.58	76	504	351
Area 012	432	305	176,982	230	213	165,028	94.92	105	78	42
Area 014	895	722	252,953	522	481	236,341	98.43	75	130	77
Area 015	25	20	238,485	11	10	136,340	93.38	81	3	5
Area 020	328	235	600,161	147	133	562,340	94.32	121	69	40
Area 021	165	107	493,516	53	49	308,569	93.96	136	29	39
Area 022	69	46	302,587	30	30	270,912	94.39	156	13	15
Area 023	202	144	569,605	80	73	538,923	94.63	125	37	31
Area 024	6	5	259,700	1	2	47,450	100	18	1	2
Area 030	943	709	181,737	538	531	168,390	98.16	86	129	92
Area 031	744	467	219,597	282	265	167,245	93.50	134	123	112
Area 040	97	73	115,780	42	40	85,391	96.70	69	21	9
Area 050	100	70	223,669	40	28	153,225	96.03	76	18	20
Area 060	178	119	191,052	53	43	128,763	93.28	139	37	39
Area 070	23	14	154,225	7	7	143,975	97.54	100	3	8
Area 080	85	62	186,504	40	40	111,515	90.63	117	13	15
Area 090	430	298	120,386	210	208	122,368	93.37	107	63	64
Area 100	346	213	207,066	128	115	167,127	91.30	151	68	50
Area 110	266	199	164,003	96	79	98,016	92.32	96	52	51
Residential	29,717	17,610	208,939	1,341	11,686	185,682	96.67	85	3,886	2,678
Auction	236	212	87,012	14	106	79,462	91.12	77	50	30
Commercial-Indust	897	415	346,503	18	90	268,527	86.10	225	118	220
Lots and Acreage	6,464	2,869	135,341	146	841	80,719	87.04	276	742	1,496
Multi Family	318	180	207,335	15	84	173,676	91.63	119	35	55
Proposed Construction	146	49	231,261	0	0	0	0	0	41	22
Rental	3,235	1,834	1,404	19	5	32,046	3,751.44	27	386	81

Month	Year	Units Listed	Listed Volume	Listed Average	Units Sold	Sold Volume	Sold Average	Average DOM
Jan	2013	1414	256,316,027	181,270	542	86,286,387	159,199	117
Feb	2013	1386	246,788,506	178,058	578	86,372,999	149,434	120
Mar	2013	1544	307,099,099	198,898	755	127,439,376	168,793	119
Apr	2013	1623	308,757,282	190,238	782	129,314,222	165,363	116
May	2013	1519	302,085,265	198,871	957	167,001,867	174,505	107
Jun	2013	1394	273,111,101	195,919	956	166,252,994	173,904	101
Jul	2013	1491	275,446,246	184,739	939	160,892,614	171,344	109
Aug	2013	1420	254,128,552	178,963	988	166,020,137	168,036	97
Sep	2013	1191	212,491,830	178,414	775	128,779,954	166,167	104
Oct	2013	1387	267,246,488	192,679	741	123,355,959	166,472	112
Nov	2013	1173	220,172,782	187,700	627	108,659,658	173,300	104
Dec	2013	913	167,586,077	183,555	673	115,124,134	171,061	107
Totals:		16455	3,091,229,255	187,860	9313	1,565,500,301	168,098	109

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Total Listed:16455	Sold Units:9313	Remaining Units:7142	Inventory Accum.:9.20 *
Min Sold Price: $1	Average Sold Price: $168,098	Median Sold Price: $143,500	Max Sold Price: $1,590,000
Min List Price: $0	Average List Price: $187,859	Median List Price: $150,000	Max List Price: $2,999,000
* Inventory Accumulation (in months) = (# Remaining Units)/(# Sold Units/# Months)

Month	Year	Units Listed	Listed Volume	Listed Average	Units Sold	Sold Volume	Sold Average	Average DOM
Jan	2012	1403	235,975,094	168,193	425	71,699,367	168,704	115
Feb	2012	1335	237,298,420	177,751	462	69,656,568	150,771	127
Mar	2012	1562	292,045,270	186,968	637	98,502,300	154,634	123
Apr	2012	1427	269,460,024	188,829	646	103,534,643	160,270	126
May	2012	1437	264,098,052	183,784	729	115,706,070	158,718	119
Jun	2012	1309	241,868,212	184,773	725	122,780,737	169,352	112
Jul	2012	1357	238,808,252	175,982	730	120,514,562	165,088	113
Aug	2012	1406	255,475,474	181,703	792	129,193,790	163,123	120
Sep	2012	1164	204,049,833	175,300	595	100,500,379	168,908	111
Oct	2012	1255	219,674,643	175,039	687	109,601,544	159,536	113
Nov	2012	1022	185,014,878	181,032	616	94,038,171	152,659	116
Dec	2012	756	123,711,602	163,639	580	94,774,794	163,404	113
Totals:		15433	2,767,479,754	179,322	7624	1,230,502,925	161,399	117

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Total Listed:15433	Sold Units:7624	Remaining Units:7809	Inventory Accum.:12.29 *
Min Sold Price: $555	Average Sold Price: $161,398	Median Sold Price: $139,000	Max Sold Price: $1,451,000
Min List Price: $0	Average List Price: $179,322	Median List Price: $141,875	Max List Price: $12,500,000

Month	Year	Units Listed	Listed Volume	Listed Average	Units Sold	Sold Volume	Sold Average	Average DOM
Jan	2012	1399	249,456,654	178,310	415	68,709,068	165,564	114
Totals:		1399	249,456,654	178,311	415	68,709,068	165,564	114

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Total Listed:1399	Sold Units:415	Remaining Units:984	Inventory Accum.:2.37 *
Min Sold Price: $6,750	Average Sold Price: $165,564	Median Sold Price: $139,000	Max Sold Price: $960,000
Min List Price: $5,000	Average List Price: $178,310	Median List Price: $140,000	Max List Price: $2,300,000
* Inventory Accumulation (in months) = (# Remaining Units)/(# Sold Units/# Months)

Home Sales Report
	Sold Residential Listings

	1/01/2011  - 12/12/2011
	Area(s) = All

Price Class	0-2 Bedrm	3 Bedrm	4+ Bedrm	SF Total	0-1 Bedrm	2 Bedrm	3+ Bedrm	Condo Total	Total Units
Price Class	0-2 Bedrm	3 Bedrm	4+ Bedrm	SF Total	0-1 Bedrm	2 Bedrm	3+ Bedrm	Condo Total	Total Units
29,999 or Under	66	216	39	321	2	23	4	29	350
30,000 - 39,999	16	112	30	158	0	4	4	8	166
40,000 - 49,999	15	91	29	135	2	5	0	7	142
50,000 - 59,999	15	93	16	124	4	5	2	11	135
60,000 - 69,999	26	99	19	144	3	9	2	14	158
70,000 - 79,999	36	96	22	154	1	4	2	7	161
80,000 - 89,999	46	145	26	217	2	10	2	14	231
90,000 - 99,999	28	190	45	263	0	1	2	3	266
100,000 - 119,999	74	431	97	602	3	4	3	10	612
120,000 - 139,999	57	489	153	699	4	10	8	22	721
140,000 - 159,999	40	327	241	608	1	12	2	15	623
160,000 - 179,999	25	195	240	460	3	6	3	12	472
180,000 - 199,999	13	110	165	288	0	5	0	5	293
200,000 - 249,999	22	166	392	580	0	12	5	17	597
250,000 - 299,999	9	83	271	363	0	8	2	10	373
300,000 - 399,999	5	92	258	355	0	2	2	4	359
400,000 - 499,999	3	16	96	115	0	0	2	2	117
500,000 - 749,999	1	18	79	98	0	0	0	0	98
750,000 - 999,999	0	0	18	18	0	0	0	0	18
1,000,000 and Over	0	1	5	6	0	0	0	0	6
Total Units:	497	2970	2241	5708	25	120	45	190	5898
Total $: (x1000)	53199	384337	515095	952632	2293	14069	6507	22870	975502
Median $: (x1000)	100	120	199	141	85	90	128	107	140000
Average $: (x1000)	107	129	229	166	91	117	144	120	165395

Days on Market	SF	Condo	Res Total
Days on Market	SF	Condo	Res Total
0 - 30	1376	52	1428
31 - 60	861	26	887
61 - 90	734	21	755
91 - 120	631	12	643
121+	2211	81	2292

Financing	SF	Condo	Res Total
Financing	SF	Condo	Res Total
Assume	0	0	0
Cash	1174	103	1277
CONV	2100	77	2177
FHA	1486	9	1495
FLB	2	0	2
FMHA/RECD	4	0	4
Land Contract	5	0	5
Lease/Purchase	4	0	4
Other	80	1	81
Owner Financed	25	1	26
SHA	10	0	10
TRADE/EXCH	1	0	1
VA	678	1	679

	Home Sales Report
	Current Active Listings

Price Class	0-2 Bedrm	3 Bedrm	4+ Bedrm	SF Total	0-1 Bedrm	2 Bedrm	3+ Bedrm	Condo Total	Total Units
Price Class	0-2 Bedrm	3 Bedrm	4+ Bedrm	SF Total	0-1 Bedrm	2 Bedrm	3+ Bedrm	Condo Total	Total Units
29,999 or Under	43	45	6	94	9	14	7	30	124
30,000 - 39,999	38	51	8	97	1	24	6	31	128
40,000 - 49,999	28	43	9	80	0	18	6	24	104
50,000 - 59,999	34	91	12	137	4	10	1	15	152
60,000 - 69,999	36	95	26	157	8	8	0	16	173
70,000 - 79,999	41	141	25	207	9	10	6	25	232
80,000 - 89,999	66	156	26	248	3	20	2	25	273
90,000 - 99,999	44	195	26	265	4	9	2	15	280
100,000 - 119,999	86	495	84	665	8	17	5	30	695
120,000 - 139,999	81	501	143	725	4	16	7	27	752
140,000 - 159,999	36	318	219	573	4	7	7	18	591
160,000 - 179,999	29	216	218	463	3	6	5	14	477
180,000 - 199,999	24	171	203	398	4	18	1	23	421
200,000 - 249,999	44	227	372	643	1	14	9	24	667
250,000 - 299,999	24	157	249	430	2	10	5	17	447
300,000 - 399,999	18	153	307	478	2	4	4	10	488
400,000 - 499,999	6	51	154	211	0	2	2	4	215
500,000 - 749,999	5	38	149	192	0	1	0	1	193
750,000 - 999,999	1	9	63	73	0	0	0	0	73
1,000,000 and Over	1	1	40	42	0	0	0	0	42
Total Units:	685	3154	2339	6178	66	208	75	349	6527
Total $: (x1000)	88181	501093	684567	1273842	6980	24828	10914	42724	1316566
Median $: (x1000)	104	129	224	155	89	89	125	99	151990
Average $: (x1000)	128	158	292	206	105	119	145	122	201884

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