Median home price change expectations decreased from 3.3 % in August to 3.1 %, remaining within the narrow 3.0 % to 3.3 % band observed over the last 12 months, and staying well below the readings in the previous two years.
Median home price change expectations was steady at 3.7 percent, remaining somewhat below average 2013 and early 2014 levels
Not exact matches
(1) employment growth, sourced from the Bureau of Labor Statistics Economic Summaries in August 2016, with the percentage representing the employment
change from June 2015 to June 2016 in each city; (2) population growth, based on and sourced from the 2014 and 2015 Census, with the percentage representing the
change in population from 2014 to 2015; (3) increase in
home values, based on Zillow Home Value, with the percentage representing the change in median home values for single - family homes from June 2015 to June 2016, sourced August 2016; (4) years to pay off property, which was based using the median home value for July 2016 and the median rent for a single - family residence for July 2016, both sourced from Zillow; median rent was multiplied by 12 to obtain yearly rent and then home value was divided by yearly rent to determine how many years it would take for the home to be paid off from rental income using current home values and rent prices for each c
home values, based on Zillow
Home Value, with the percentage representing the change in median home values for single - family homes from June 2015 to June 2016, sourced August 2016; (4) years to pay off property, which was based using the median home value for July 2016 and the median rent for a single - family residence for July 2016, both sourced from Zillow; median rent was multiplied by 12 to obtain yearly rent and then home value was divided by yearly rent to determine how many years it would take for the home to be paid off from rental income using current home values and rent prices for each c
Home Value, with the percentage representing the
change in
median home values for single - family homes from June 2015 to June 2016, sourced August 2016; (4) years to pay off property, which was based using the median home value for July 2016 and the median rent for a single - family residence for July 2016, both sourced from Zillow; median rent was multiplied by 12 to obtain yearly rent and then home value was divided by yearly rent to determine how many years it would take for the home to be paid off from rental income using current home values and rent prices for each c
home values for single - family
homes from June 2015 to June 2016, sourced August 2016; (4) years to pay off property, which was based using the
median home value for July 2016 and the median rent for a single - family residence for July 2016, both sourced from Zillow; median rent was multiplied by 12 to obtain yearly rent and then home value was divided by yearly rent to determine how many years it would take for the home to be paid off from rental income using current home values and rent prices for each c
home value for July 2016 and the
median rent for a single - family residence for July 2016, both sourced from Zillow;
median rent was multiplied by 12 to obtain yearly rent and then
home value was divided by yearly rent to determine how many years it would take for the home to be paid off from rental income using current home values and rent prices for each c
home value was divided by yearly rent to determine how many years it would take for the
home to be paid off from rental income using current home values and rent prices for each c
home to be paid off from rental income using current
home values and rent prices for each c
home values and rent
prices for each city.
The ratio of the state's
median home price to its
median income (3.82) hasn't
changed since last year, but our analysis shows that its foreclosure rate and burglary rate have fallen.
Regional
median home prices include rural areas and samples of many smaller metros that are not included in this report; the regional percentage
changes do not necessarily parallel
changes in the larger metro areas.
Regional
median home prices are from a separate sampling that includes rural areas and portions of some smaller metros that are not included in this report; the regional percentage
changes do not necessarily parallel
changes in the larger metro areas.
NAR reviewed data on homeownership rates1,
changes in single - family
median home prices and a measure of inequality (the Gini Index) between 2010 and 2013 to estimate wealth and income inequality in 100 of the largest metropolitan statistical areas2 across the U.S.
Median price measurement reflects the types of
homes that are selling during the quarter and can be skewed at times by
changes in the sales mix.
The lowest
median expected
home price change was 3.02 percent in the Midwest.
Yun expects the
median existing -
home price to remain near $ 170,000 over the next two years, which would mark four consecutive years of essentially no meaningful
price change.
Results from the December 2013 survey find that the
median expected
home price change one - year ahead was 3.88 percent.
Methodology: realtor.com ® examined key housing indicators including: search rank,
median list
price, year - over-year
change in inventory,
median age of inventory and unemployment rates across 146 markets and evaluated the metrics against the needs and desires of the typical first - time
home buyer.
CATEGORIES 2016 2015
CHANGE Total
homes under contract (pending sales) 8,903 10,366 -14 % Total closed sales 8,510 9,751 -13 %
Median closed price (month / month) $ 320,000 $ 308,000 4 % Total active listings (inventory) 5,946 4,426 34 % Average days on market 89 78 14 % Single - family closed sales 4,268 4,640 -8 % Single - family median closed price (month / month) $ 400,000 $ 385,000 4 % Single - family inventory 3,015 2,434 24 % Condominium closed sales 4,242 5,111 -17 % Condominium median closed price (month / month) $ 253,000 $ 250,000 1 % Condominium inventory 2,931 1,99
Median closed
price (month / month) $ 320,000 $ 308,000 4 % Total active listings (inventory) 5,946 4,426 34 % Average days on market 89 78 14 % Single - family closed sales 4,268 4,640 -8 % Single - family
median closed price (month / month) $ 400,000 $ 385,000 4 % Single - family inventory 3,015 2,434 24 % Condominium closed sales 4,242 5,111 -17 % Condominium median closed price (month / month) $ 253,000 $ 250,000 1 % Condominium inventory 2,931 1,99
median closed
price (month / month) $ 400,000 $ 385,000 4 % Single - family inventory 3,015 2,434 24 % Condominium closed sales 4,242 5,111 -17 % Condominium
median closed price (month / month) $ 253,000 $ 250,000 1 % Condominium inventory 2,931 1,99
median closed
price (month / month) $ 253,000 $ 250,000 1 % Condominium inventory 2,931 1,992 47 %
Naples, Fla. (October 20, 2016)-- The Naples Area Board of REALTORS ® (NABOR ®) released its Third Quarter 2016 Market Report, which tracks
home listings and sales within Collier County (excluding Marco Island), and it showed overall inventory increased 40 percent with little
change in
median closed
prices.
The
median price for single - family
homes that
changed hands in March increased 10.6 percent over March 2016 and is now $ 234,900.
CATEGORIES September 2016 September 2015
CHANGE Total
homes under contract (pending sales) 661 749 -12 % Total closed sales 566 703 -19 %
Median closed price $ 318,000 $ 310,000 3 % Total active listings (inventory) 5,044 3,606 40 % Average days on market 92 79 16 % Single - family closed sales 301 381 -21 % Single - family median closed price $ 378,000 $ 375,000 1 % Single - family inventory 2,669 2,049 30 % Condominium closed sales 265 322 -18 % Condominium median closed price $ 245,000 $ 235,000 4 % Condominium inventory 2,375 1,55
Median closed
price $ 318,000 $ 310,000 3 % Total active listings (inventory) 5,044 3,606 40 % Average days on market 92 79 16 % Single - family closed sales 301 381 -21 % Single - family
median closed price $ 378,000 $ 375,000 1 % Single - family inventory 2,669 2,049 30 % Condominium closed sales 265 322 -18 % Condominium median closed price $ 245,000 $ 235,000 4 % Condominium inventory 2,375 1,55
median closed
price $ 378,000 $ 375,000 1 % Single - family inventory 2,669 2,049 30 % Condominium closed sales 265 322 -18 % Condominium
median closed price $ 245,000 $ 235,000 4 % Condominium inventory 2,375 1,55
median closed
price $ 245,000 $ 235,000 4 % Condominium inventory 2,375 1,557 53 %
The
median price for single - family
homes that
changed hands in February increased 12.0 percent over February 2016 and is now $ 223,100.
I, however, displayed the
median sale
prices for whole zip codes, not the
change in
prices for individual
homes.
With the
median home price of existing
homes at $ 246,800 in December 2017 (cumulative
change of 60 percent since January 2012), and with fewer inventory of
homes for sale at their lowest level since January 1999 (3.2 months» supply), REALTORS ® expect
prices to continue to appreciate in the next 12 months.
-- Indexing the
price exemption threshold to annual
changes in the
median MLS
home price by provincial development regions.
With regard to longer - term expectations, the average (
median) expected annualized
change in
home prices over the next five years was only 2.9 percent (2.4 percent
median).
Since last year, the perceived likelihood of a severe decline of among owners for a severe decline after a year
changed little but for renters, the
median short - term
home price expectations declined from 3.7 percent to 3.1 percent.
Expectations differed by region, with the highest
median expected
home price change of 4.77 % in the South.
The
median price for single - family
homes that
changed hands in July increased 4.7 percent over July 2016 and is now $ 240,000.
The
median price for single - family
homes that
changed hands in January increased 8.8 percent over January 2016 and is now $ 216,500.
The lowest
median expected
home price change was 3.02 % in the Midwest.
The
median sales
price is the point at which half of
homes sold for more and half sold for less; it is influenced by the types of
homes selling as well as a general
change in values.
Similarly, little
change is forecast for aggregate
home prices with several indicators, including NAR's
median prices, showing recent signs of stabilization.