The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 08/01/07 - 08/31/09
KEY INFORMATION Aug-07
Aug-09
Median Price Change
Percent Change
For Sale
274,900
173,000
-101,900
-37.1
Under Contract
250,000
125,000
-125,000
-50.0
Sold
249,900
125,000
-124,900
-50.0
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...
All MLS:
Arizona Regional MLS
BrokerMetricsÂŽ
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
1 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
Lot Size: All Sq Ft:
All
09/01/09
The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 08/01/07 - 08/31/09
Time Period
FOR SALE Median $ # Properties
UNDER CONTRACT Median $ # Properties
SOLD Median $ # Properties
EXPIRED Median $ # Properties
NEW LISTINGS Median $ # Properties
Aug-09
173,000
49,874
125,000
7,864
125,000
7,124
189,900
4,520
142,900
11,897
Jul-09
174,900
51,620
125,000
8,476
125,000
9,057
199,900
5,150
140,000
12,800
Jun-09
175,000
54,148
129,000
9,970
125,000
9,269
204,900
5,358
139,900
12,626
May-09
178,075
57,051
126,800
9,511
119,000
9,212
210,000
6,018
144,900
10,946
Apr-09
174,900
63,036
120,000
10,629
115,000
8,494
196,450
6,302
146,000
11,176
Mar-09
169,900
68,383
119,900
9,341
119,500
7,571
179,900
7,182
139,000
14,320
Feb-09
170,000
68,171
121,500
7,116
124,900
5,427
175,000
6,992
149,900
12,728
Jan-09
175,000
70,357
128,640
5,834
130,000
4,687
199,000
9,080
159,600
13,812
Dec-08
175,900
69,535
135,000
4,972
143,000
5,486
199,000
8,018
137,500
11,954
Nov-08
185,000
69,286
145,000
4,408
150,000
4,330
207,000
7,297
154,900
12,457
Oct-08
190,000
69,757
150,000
5,009
164,000
5,342
215,000
7,919
159,900
14,678
Sep-08
199,900
68,600
165,000
5,358
170,637
6,071
220,000
8,163
169,000
14,295
Aug-08
209,000
67,775
174,900
5,560
185,000
5,571
229,000
7,910
174,900
13,588
Jul-08
218,500
70,229
187,900
6,988
190,200
5,881
233,500
9,054
179,900
13,527
Jun-08
225,000
72,330
199,900
6,200
200,000
5,679
245,000
9,428
189,900
13,559
May-08
234,900
73,540
209,900
5,811
209,000
5,580
249,900
8,958
200,000
13,062
Apr-08
239,620
74,991
216,200
5,611
214,200
4,798
249,000
8,902
218,000
13,827
Mar-08
245,000
74,336
219,900
4,712
214,000
4,269
259,000
8,460
220,000
13,520
Feb-08
249,900
72,921
224,900
3,996
217,000
3,404
256,419
8,109
229,900
13,069
Jan-08
250,000
72,668
225,000
3,575
225,000
2,866
259,000
9,241
236,080
16,060
Dec-07
256,905
70,227
238,990
2,853
232,699
3,354
265,000
10,766
234,900
8,976
Nov-07
259,900
73,457
244,900
3,214
238,000
3,303
269,900
8,992
240,000
11,670
Oct-07
265,000
75,536
244,973
3,482
236,000
3,423
275,000
10,267
249,900
14,262
Sep-07
269,900
73,942
249,900
3,174
240,000
3,373
279,900
9,494
250,000
12,921
Aug-07
274,900
74,316
250,000
3,725
249,900
4,301
285,000
9,570
255,550
14,844
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
09/01/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 08/01/07 - 08/31/09
KEY INFORMATION Aug-07
Aug-09
Change
Percent Change
3,725
7,864
4,139
111.1
New
14,844
11,897
-2,947
-19.9
Residual Inventory
47,098
28,719
-18,379
-39.0
Under Contract
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
Lot Size: All Sq Ft:
All
09/01/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 08/01/07 - 08/31/09 Time Period
# Properties Under Contract
# New Properties Listed
# Residual Inventory Properties
Under Contract / New %
Under Contract / Residual Inventory %
Aug-09
7,864
11,897
28,719
66.10
27.38
Jul-09
8,476
12,800
28,387
66.22
29.86
Jun-09
9,970
12,626
29,504
78.96
33.79
May-09
9,511
10,946
33,054
86.89
28.77
Apr-09
10,629
11,176
37,182
95.11
28.59
Mar-09
9,341
14,320
40,102
65.23
23.29
Feb-09
7,116
12,728
43,082
55.91
16.52
Jan-09
5,834
13,812
43,227
42.24
13.50
Dec-08
4,972
11,954
45,971
41.59
10.82
Nov-08
4,408
12,457
46,309
35.39
9.52
Oct-08
5,009
14,678
43,816
34.13
11.43
Sep-08
5,358
14,295
42,382
37.48
12.64
Aug-08
5,560
13,588
42,317
40.92
13.14
Jul-08
6,988
13,527
42,356
51.66
16.50
Jun-08
6,200
13,559
44,514
45.73
13.93
May-08
5,811
13,062
46,867
44.49
12.40
Apr-08
5,611
13,827
47,792
40.58
11.74
Mar-08
4,712
13,520
48,581
34.85
9.70
Feb-08
3,996
13,069
48,586
30.58
8.22
Jan-08
3,575
16,060
44,863
22.26
7.97
Dec-07
2,853
8,976
48,095
31.78
5.93
Nov-07
3,214
11,670
50,231
27.54
6.40
Oct-07
3,482
14,262
48,370
24.41
7.20
Sep-07
3,174
12,921
49,049
24.56
6.47
Aug-07
3,725
14,844
47,098
25.09
7.91
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
09/01/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 08/01/07 - 08/31/09
KEY INFORMATION Aug-07
Aug-09
Change
Percent Change
MSI
16.4
4.8
-11.6
-70.9
DOM
96
58
-38
-39.8
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
Lot Size: All Sq Ft:
All
09/01/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 08/01/07 - 08/31/09 Time Period
Months Supply of Inventory
NAR MSI
# Properties For Sale Last Day of Month
# Properties Under Contract
Under Contract Average DOM
# Properties Sold
Aug-09
4.8
5.3
37,491
7,864
58
7,124
Jul-09
4.5
4.2
37,994
8,476
64
9,057
Jun-09
3.9
4.2
38,820
9,970
76
9,269
May-09
4.4
4.5
41,522
9,511
84
9,212
Apr-09
4.3
5.4
46,105
10,629
82
8,494
Mar-09
5.6
6.8
51,860
9,341
84
7,571
Feb-09
7.6
10.0
54,063
7,116
85
5,427
Jan-09
9.5
11.8
55,443
5,834
82
4,687
Dec-08
11.4
10.3
56,545
4,972
73
5,486
Nov-08
13.1
13.3
57,581
4,408
70
4,330
Oct-08
11.3
10.6
56,829
5,009
68
5,342
Sep-08
10.3
9.1
55,079
5,358
73
6,071
Aug-08
9.8
9.7
54,305
5,560
77
5,571
Jul-08
7.8
9.2
54,187
6,988
86
5,881
Jun-08
9.1
10.0
56,702
6,200
94
5,679
May-08
10.1
10.5
58,771
5,811
96
5,580
Apr-08
10.8
12.6
60,478
5,611
98
4,798
Mar-08
13.0
14.3
61,164
4,712
102
4,269
Feb-08
15.2
17.9
60,816
3,996
100
3,404
Jan-08
16.7
20.9
59,852
3,575
106
2,866
Dec-07
19.8
16.9
56,608
2,853
110
3,354
Nov-07
19.1
18.5
61,251
3,214
98
3,303
Oct-07
17.7
18.1
61,787
3,482
97
3,423
Sep-07
19.3
18.2
61,274
3,174
95
3,373
Aug-07
16.4
14.2
61,021
3,725
96
4,301
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
09/01/09
The Melcher Agency
Market Dynamics Average Days on Market for Under Contract Properties 2 Years (Monthly) 08/01/07 - 08/31/09
KEY INFORMATION Aug-07
Aug-09
Change
Percent Change
MSI
16.4
4.8
-11.6
-70.9
DOM
96
58
-38
-39.8
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...
All MLS:
Arizona Regional MLS
BrokerMetricsÂŽ
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
1 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
Lot Size: All Sq Ft:
All
09/01/09
Market Dynamics
The Melcher Agency
Average Days on Market for Under Contract Properties 2 Years (Monthly) 08/01/07 - 08/31/09 Time Period
Under Contract Average DOM
Months Supply of Inventory
# Properties For Sale Last Day of Month
# Properties Under Contract
Aug-09
58
4.8
37,491
7,864
Jul-09
64
4.5
37,994
8,476
Jun-09
76
3.9
38,820
9,970
May-09
84
4.4
41,522
9,511
Apr-09
82
4.3
46,105
10,629
Mar-09
84
5.6
51,860
9,341
Feb-09
85
7.6
54,063
7,116
Jan-09
82
9.5
55,443
5,834
Dec-08
73
11.4
56,545
4,972
Nov-08
70
13.1
57,581
4,408
Oct-08
68
11.3
56,829
5,009
Sep-08
73
10.3
55,079
5,358
Aug-08
77
9.8
54,305
5,560
Jul-08
86
7.8
54,187
6,988
Jun-08
94
9.1
56,702
6,200
May-08
96
10.1
58,771
5,811
Apr-08
98
10.8
60,478
5,611
Mar-08
102
13.0
61,164
4,712
Feb-08
100
15.2
60,816
3,996
Jan-08
106
16.7
59,852
3,575
Dec-07
110
19.8
56,608
2,853
Nov-07
98
19.1
61,251
3,214
Oct-07
97
17.7
61,787
3,482
Sep-07
95
19.3
61,274
3,174
Aug-07
96
16.4
61,021
3,725
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
09/01/09