Tuesday, December 20, 2011

Positive Real Estate Stats For Triangle Area Housing

Latest Stats from TMLS Period Ending 11-30-2011
The below chart depicts month to month comparison (2010 over 2011)
for total home closed in TMLS
You will see the last 5 months have been positive

YEAR
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2010
1,112
1,180
1,846
2,331
2,537
2,724
1,696
1,593
1,498
1,336
1,316
1,513
2011
1,082
1,161
1,612
1,816
1,857
2,191
1,842
1,972
1,677
1,495
1,425

Change
-2.4%
-1.5%
-12.8%
-22.1%
-26.8%
-19.6%
8.5%
23.7%
11.6%
11.7%
8.3%



This next chart depicts the number of homes pending in TMLS month over
month...You will find the past 7 months has been positive
With November 2011 being up 11% in Pending Activity... December should be
a good closing month and follow the above tracking for Total Closed in TMLS


JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2010
1,545
1,781
2,546
2,856
1,650
1,796
1,477
1,545
1,414
1,398
1,382
1,145
2011
1,185
1,385
1,768
1,889
1,927
1,974
1,848
1,829
1,583
1,504
1,532

Change
23.9%
22.0%
30.5%
33.7%
17.6%
13.0%
29.6%
22.1%
15.9%
9.3%
11.0%



This index measures housing affordability for the region.
An index of 120 means the median household income was 120% of what
is necessary to qualify for the median-priced home under prevailing
interest rates. A higher number means greater affordability.


JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
2010
173
184
173
173
171
165
168
175
176
177
175
2011
177
181
180
181
178
178
179
188
195
192
190



Days On Market- This chart shows month over month 2010 vs 2011
This is the only chart where a negative percentage is a positive indicator

JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
108
106
104
99
100
99
103
110
107
110
111
111
128
121
131
128
126
118
129
126
130
126
130

18.6%
14.4%
25.7%
28.3%
26.2%
19.5%
24.8%
15.0%
21.9%
14.2%
17.3%



The Average Sale Price for TMLS fell 9.4% in November to $218,865.00
The Median Sales Price for TMLS fell 5.8% in November to $185,300.00


TMLS Violations:
The most violations fines and warnings for TMLS in November 2012 were ranked as follows
1.      Failure to submit correct number of photos in the time required
2.      Branded Virtual Tours
3.      Basement Information Missing
4.      Inaccurate Tax Value

All in all positive numbers for the past few months…the numbers tend to show we are in a slow recovery...Slow and steady wins the race! Pricing is still lagging but with an increase in closed and pending sales there is much to be thankful for.
Eddie Brown ©2011
www.ICU-Coaching.com

Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market.