STATE OF THE MARKET

JANUARY 27, 2015 12:30 PM

+

+5.7%

(+322)

# Sold Whole Market

+ 5.7%

Resale Market?

New Construction ?

+14.5%

- 14.1%

(+332)

5996

4431

1565

EXISTING HOMES SALEBY THE NUMBERS

18% - Below $50,000

(+ 561)

78% - Below $180,000

28% Foreclosure Sales

Median $/S.F. - $73/S.F.-1.83%

(Avg $72,000 at avg $45/s.f.)

Median Price - $117,000Median S.F. - 1636 s.f.

-1.75%

-0.67%

78% of all SalesResidential Sales are

Below $180,000

6 Months

We are selling 368 Resales/Month!

3,412 Houses for Sale Today

3,412 Houses for Sale todaySelling 368 Houses/Month

3,412/368 = 9.27 Months

6 Months is a Balanced Mkt368 X 6 = 2,172 Houses

3,412 – 2,172 = 1,213 Too Much!

56% Too Many Houses!

3,412 Actives

368 SalesPer Month

56% Too Much!

SUPPLY DEMAND

Residential ResalePrices

Avg $/S.F.

2014 - $73

2013 - $73

2012 - $75

2011 - $76

2010 - $80

DAYS ON MARKET

Top 50% DOM Bottom 50% DOM

25

61

166

1238

<4% $Price >

NEW CONSTRUCTINBY THE NUMBERS

(- 252)

93% - Below $300,000

83% - Between 160k and $300k

Median $/S.F. - $89/S.F.+0.04%

Median Price - $216,000Median S.F - 2409 s.f.

+1.69%

+1.30%

93% of All New Construction Sales happen Below $300,000

New ConstructionPrices2014 $89

2015

The Important Numbers!

Existing Supply!

56% Too Much!

Land Costs

Development Costs

Material & Labor

New Construction

RealtyTrac – Gen Y (1980)

Great Prices! Historic Low

Interest Rates!