Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next month. For the monthly period ending October 15, we are currently recording a sales $/SF of $162.00 averaged for all areas and types across the ARMLS database. This is up 0.2% or 37 cents from the $161.63 we now measure for September 15. Our forecast range midpoint was $162.13, with a 90% confidence range of $158.89 to $165.37. The actual result was just a little lower than the mid-point, but only by 13 cents or 0.08%. On October 15 the pending listings for all areas & types
Rates are still historically low. The chart below from Freddie Mac shows the average 30 year interest rate was 6.04% as recently as November
Seller Concessions Spike on Listings Sold Between $200K-$250K...Price Reductions up 27% on Active Li
Seller Concessions Spike on Listings Sold Between $200K-$250K Price Reductions up 27% on Active Listings Between $250K-$400K
Mortimer Farms' annual Pumpkin Fest & Corn Maze Sept. 28th-Oct. 28th 2018.
Starting with the basic ARMLS numbers for October 1, 2018 and comparing them with October 1, 2017 for all areas & types: Active Listings (excluding UCB): 16,819 versus 18,161 last year - down 7.4% - but up 3.7% from 16,222 last month Active Listings (including UCB): 20,303 versus 21,783 last year - down 6.8% - but up 2.4% compared with 19,831 last month Pending Listings: 5,195 versus 5,766 last year - down 9.9% - and down 1.3% from 5,262 last month Under Contract Listings (including Pending, CCBS & UCB): 8,679 versus 9,388 last year - down 7.6% - and down 2.2% from 8,255 last month Monthly Sales: 7,048 versus 7,509 last year - down 6.1% - and down 14.6% from 8,548 last month Monthly Average
