Team Price > Search > Market Statistics > January 2013

Published February 19, 2012 / Team Price Real Estate

The idea of doing data analysis is about as exciting to some as renewing a driver's license. Sometimes watching monthly figures can feel like watching grass grow. Try to ignore the confusion of high school statistics class – those regressions and cotangents can't hurt you anymore. The number crunching is done for you, so let the trend be your friend. And for the first time since 2006, the numbers are largely positive. Let's look at the cheat sheet.

Prices rallied higher.

  • The Median Sales Price increased 10.4 percent to $195,000.
  • Days on Market was down 22.2 percent to 65 days.
  • Absorption rates improved as Months Supply of Inventory was down 42.3 percent to 2.6 months.

Detailed Market Report (PDF)

It's important to watch the economy, since job growth directly fuels home purchases and since the housing industry generates jobs. The economy has added about 6.1 million jobs over the past 35 months, a sluggish but encouraging trend. Interest rates are slowly moving higher in some regions, though the affordability picture remains extremely attractive.

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