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.