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Subscribe by EmailSEPTEMBER 2012 LOCAL MARKET REPORT
18. September 2012 12:54Read this article in your language IT | EN | DE | ES
During the past 12 months 19,176 homes have sold, a 10.5% increase from the previous 12 month period.
In August there were 1,925 homes sold, a 5% increase from the previous month's levels.
The following chart shows the total number of homes for sale by month for the past 2 years. There
are currently 11,300 homes for sale, which is 16% lower than the same time last year .
The monthly average price for homes sold continues to hold steady, up almost 17% from the January lows. Year to date the average price of homes sold is up 1.7% from the same time period last year.
Positive signs of a housing recovery exist on a national level according to NAHB
List of Improving Housing Markets Expands to 99 in September
September 10, 2012 - The number of improving housing markets across the country rose to 99 in September, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released today. This is up from 80 metros that were listed as improving in August and includes representatives from 33 states as well as the District of Columbia.
The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Markets added to the list in September include such geographically diverse locations as Tucson, Ariz.; Jacksonville, Fla.; Springfield, Ill.; Greenville, N.C.; and Bend, Ore.
“This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next.”
Current Absorption
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Absorption rates continue to trend downwards towards a more balanced market between buyers and sellers.
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Although all absorption levels are lower across the board, there continues to be a large disparity
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between inventory levels in the lower price points and those for more expensive properties.
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*Market Data courtesy of REIN, analysis by Rose and Womble. Deemed accurate but not guaranteed. Copyright 2012 All Rights Reserved
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