MLS - Data Derived Market Conditions Analysis
Inventory Analysis Prior 7-12 Months Prior 4-6 Months Current 3 Months
Total # of Comparable Sales (Settled) 509 175 204
Absorption Rate (Total Sales/Months) 84.83 58.33 68
Total #2 of Comparable Active Listings 247 162 245
Months of Housing Supply (Total Listings/Ab. Ratio) 2.91 2.78 3.6
Median Sale & List Price, DOM, List/Sale Ratio Prior 7-12 Months Prior 4-6 Months Current 3 Months
Median Comparable Sales Price $179000
$180000
$185000
Median Comparable Sale Days on Market 16
29
13
Median Comparable List Price $179000
$182250
$199900
Median Comparable Listings Days on Market 27
29
9
Median Sale Price as % of List Price 100%
99.97%
100%

Market Conditions Trend Graph

REO & SHORT SALE ANALYSIS FOR PRIOR SIX MONTHS
Report ID: 13039 Effective Date of Data: 5/9/2015 Total Active, Pending and Closed Sales in Sample:  624
Total Closed Sales: 379 Total Pending Sales: 151 Total REO/Foreclosure Resales: 50 Total Short Sales: 35
Current Active Listings: 94 Total "Short Sale" Listings: 13 Total REO/Foreclosure Listings: 6
 

Suggested Text for 1004MC section (modify when necessary):

"Are foreclosure sales (REO sales) a factor in the market?"

Search for improvements similar to the Subject that have closed escrow within the prior six months or are currently under contract of sale revealed 379 closed sales and 151 pending sales. Of these, 50 were found to be REO/foreclosure resales which equates to approximately 9.43% ± of all sales. Short sales are also noted in this market and account for 6.6% of total sales. Analysis reveals 94 active listings within the research area. 6 were found to be REO/foreclosure listings. This equates to approximately 6.38% ± of all listings. It is further noted that 13 active listings are offered as "Short-Sales". When REO listings are combined with the number of listings offered "Short Sales", the resulting ratio indicates that approximately 20.21% ± are distressed offerings.

ABSORPTION ANALYSIS
Data to complete the top of page 2 in the URAR
There are 245 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 115900 to $ 575000
There are 888 comparable sales in the subject neighborhood within the past twelve months ranging sale in price from $ 54000 to $ 550000

Research Parameters for the number of Current Active Listings combined with Pending Sales and Comparable Sales for the prior twelve months noted at the top of Page 2 of the URAR was for improvements that featured between 672 Sq. Ft. and 3492 Sq. Ft. of Living Area and constructed between 1940 and 2014.

Data indicates that there is an approximate 3 month supply of listings (rounded).

 
1004MC Record Set Overview

LOW, HIGH AND AVERAGE CHARACTERISTICS
Report ID: 13039 Effective Date of Data: 5/9/2015 Total Records in Sample:  1429
Total Sales  Closed: 888   Pending: 151 Total REO/Foreclosure Resales: 112 Total Short Sales: 80
Current Active Listings: 94 Total "Short Sale" Listings: 13 Total REO/Foreclosure Listings: 6
Total Temp Off Mkt: 11 Total Withdrawn/Canc or Dupe: 207 Total Expired: 78
Minimum Improvement Size: 672 SF Maximum Improvement Size: 3492 SF Average Improvement Size: 1422 SF
Minimum Year Built: 1940 Maximum Year Built: 2014 Average Year Built: 1973
Minimum Site Size: 131 SF Maximum Site Size: 156816000 SF Average Site Size: 117840.735729 SF
Minimum Sales Price: $54000 Maximum Sale Price: $550000 Average Sale Size: $190768