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November 2012 Monthly Indicators

November 2012 Monthly Indicators

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Published by: Sheila Newton Team on Dec 21, 2012
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Monthly Indicators
November 2012Quick Facts
 
 A RESEARCH TOOL PROVIDED BY THE
WESTERN UPSTATE ASSOCIATION OF REALTORS®
+ 3.9%
Change in
Median Sales Price
This November, there was a lot to be thankful for. Home buyers were thankfulfor historically low mortgage rates and still-affordable prices. Sellers werethankful for increased sales, less competition and faster market times. Bothparties can be thankful for the slow yet steady economic recovery. Challengespersist, to be sure, going into 2013, but there's more reason for optimism than'
- 7.0%
Change in
Inventory 
+ 7.2%
Change in
Closed Sales
23456789101112
 All data from the Western Upstate Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1
Click on desired metric to jump to that page.
. .New Listings in the Western Upstate region decreased 6.0 percent to 421.Pending Sales were down 28.8 percent to 141. Inventory levels shrank 7.0percent to 3,695 units.Prices moved higher. The Median Sales Price increased 3.9 percent to$135,000. Days on Market was up 10.2 percent to 187 days. Absorption ratesimproved as Months Supply of Inventory was down 8.4 percent to 15.4 months.There are three primary avenues to housing recovery: better marketfundamentals, improved market composition and more jobs. Many communitiesare enjoying better fundamentals, such as higher demand and less supply. Butmany areas are also experiencing a lower overall share of distressed salesactivity. In the month ahead, continue to watch hiring and unemploymenttrends.
 
Market Overview
Key MetricsHistorical Sparklines11-201111-2012+ / YTD 2011YTD 2012+ /
169
1872,704
+ 3.7%181
194
- 2.8%+ 7.2%2,607- 4.7%198
141
- 28.8%2,652
2,711
+ 2.2%
6,266
448
421
- 6.0%6,574
Key market metrics for the current month and year-to-date figures.
+ 10.2%169
164
New ListingsPending SalesClosed SalesDays on Market Until Sale
11-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-2012
1783,975
195
--$164,302
$168,912
$129,950
$135,000
Percent of List Price Received
$178,53292.6%+ 2.8%+ 1.6%
+ 3.9%$124,000
$126,000
+ 1.0%+ 0.7%92.3%
93.3%
Months Supply of Homes for Sale
 $173,394
- 2.9%
93.3%
Housing Affordability IndexInventory of Homes for Sale
16.8
185
----+ 4.0%- 7.0%- 8.4%+ 5.7%184------
3,69515.4
Median Sales Price Average Sales Price
11-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-201211-2009 11-2010 11-2011 11-2012
 
New Listings
 
MonthPrior YearCurrent Year+ / –December
418
353
-15.6%
January 
602
647
+7.5%
February 
663
583
-12.1%
March
811
654
-19.4%
 April
639
656
+2.7%
May 
645
584
-9.5%
June
628
597
-4.9%
July 
527
533
+1.1%
 August
601
582
-3.2%
September
536
483
-9.9%
October
474
526
+11.0%
November
448
421
-6.0%
A count of the properties that have been newly listed on the market in a given month.
472448421
November
7,9206,5746,266
Year To Date
-4.7%-5.1% -6.0%-17.0%
12-Month Avg 583 552 -5.3%
2010 2011 2012
1503004506007509001,0501-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical New Listing Activity
2010 2011 2012

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