The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 07/01/07 - 07/31/09
KEY INFORMATION Jul-07
Jul-09
Median Price Change
Percent Change
For Sale
282,000
179,900
-102,100
-36.2
Under Contract
259,900
124,900
-135,000
-51.9
Sold
260,000
127,000
-133,000
-51.2
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
08/03/09
The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 07/01/07 - 07/31/09
Time Period
FOR SALE Median $ # Properties
UNDER CONTRACT Median $ # Properties
SOLD Median $ # Properties
EXPIRED Median $ # Properties
NEW LISTINGS Median $ # Properties
Jul-09
179,900
49,490
124,900
8,408
127,000
8,895
199,900
5,290
145,000
12,108
Jun-09
179,900
52,433
129,900
9,880
125,830
9,160
215,000
5,171
142,900
12,321
May-09
181,000
55,150
127,900
9,273
120,000
9,106
219,900
5,765
147,900
10,716
Apr-09
179,000
60,881
120,990
10,395
116,000
8,368
199,900
6,052
149,900
10,866
Mar-09
174,900
66,141
120,000
9,167
120,000
7,431
182,000
6,959
139,900
13,971
Feb-09
175,000
65,943
122,500
6,968
125,000
5,317
179,500
6,805
149,900
12,381
Jan-09
179,000
68,061
129,900
5,707
130,000
4,605
199,900
8,792
160,000
13,440
Dec-08
179,900
67,265
137,500
4,887
144,000
5,408
199,900
7,757
139,000
11,668
Nov-08
189,900
67,018
147,500
4,339
152,000
4,264
210,000
7,082
157,000
12,141
Oct-08
195,900
67,456
152,000
4,940
165,000
5,263
219,000
7,639
161,900
14,336
Sep-08
200,000
66,290
167,262
5,278
172,500
5,981
225,000
7,892
169,900
13,929
Aug-08
213,500
65,529
175,000
5,484
186,000
5,496
232,000
7,684
175,000
13,261
Jul-08
220,000
67,966
189,000
6,901
192,700
5,798
238,950
8,797
181,966
13,196
Jun-08
229,900
70,039
199,900
6,107
204,900
5,572
249,800
9,162
192,000
13,250
May-08
239,000
71,178
210,000
5,690
210,000
5,445
252,000
8,699
205,000
12,746
Apr-08
244,900
72,532
219,900
5,480
217,000
4,666
249,900
8,620
219,900
13,457
Mar-08
249,900
71,898
224,878
4,575
217,950
4,132
260,000
8,248
224,900
13,174
Feb-08
250,000
70,464
226,677
3,873
220,000
3,288
260,000
7,867
232,272
12,700
Jan-08
255,500
70,163
229,900
3,448
227,350
2,780
260,000
8,951
239,999
15,540
Dec-07
260,000
67,833
239,900
2,779
235,000
3,254
269,900
10,431
239,000
8,706
Nov-07
265,000
70,956
249,900
3,103
241,838
3,192
274,945
8,726
245,250
11,284
Oct-07
269,900
73,018
249,600
3,368
240,000
3,312
279,900
9,978
250,000
13,834
Sep-07
274,999
71,497
250,000
3,072
243,000
3,261
284,000
9,241
255,000
12,515
Aug-07
279,000
71,920
255,000
3,603
250,000
4,165
289,000
9,335
259,900
14,423
Jul-07
282,000
70,158
259,900
4,101
260,000
4,552
295,000
8,560
264,900
13,467
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
08/03/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 07/01/07 - 07/31/09
KEY INFORMATION Jul-07
Jul-09
# Units Change
For Sale
70,158
49,490
-20,668
-29.5
Under Contract
4,101
8,408
4,307
105.0
Sold
4,552
8,895
4,343
95.4
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Percent Change
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
08/03/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 07/01/07 - 07/31/09
Time Period
FOR SALE # Properties Average DOM
UNDER CONTRACT # Properties Average DOM
SOLD # Properties Average DOM
EXPIRED # Properties Average DOM
NEW LISTINGS # Properties
Jul-09
49,490
122
8,408
62
8,895
73
5,290
163
12,108
Jun-09
52,433
125
9,880
77
9,160
85
5,171
171
12,321
May-09
55,150
129
9,273
84
9,106
81
5,765
162
10,716
Apr-09
60,881
125
10,395
82
8,368
83
6,052
157
10,866
Mar-09
66,141
121
9,167
83
7,431
85
6,959
150
13,971
Feb-09
65,943
121
6,968
84
5,317
82
6,805
144
12,381
Jan-09
68,061
124
5,707
81
4,605
73
8,792
167
13,440
Dec-08
67,265
124
4,887
73
5,408
72
7,757
158
11,668
Nov-08
67,018
119
4,339
69
4,264
69
7,082
151
12,141
Oct-08
67,456
116
4,940
68
5,263
73
7,639
148
14,336
Sep-08
66,290
116
5,278
73
5,981
73
7,892
152
13,929
Aug-08
65,529
118
5,484
76
5,496
81
7,684
153
13,261
Jul-08
67,966
118
6,901
85
5,798
91
8,797
150
13,196
Jun-08
70,039
120
6,107
94
5,572
99
9,162
159
13,250
May-08
71,178
120
5,690
96
5,445
97
8,699
152
12,746
Apr-08
72,532
118
5,480
97
4,666
103
8,620
151
13,457
Mar-08
71,898
119
4,575
101
4,132
99
8,248
154
13,174
Feb-08
70,464
117
3,873
99
3,288
103
7,867
148
12,700
Jan-08
70,163
117
3,448
106
2,780
108
8,951
144
15,540
Dec-07
67,833
124
2,779
110
3,254
103
10,431
162
8,706
Nov-07
70,956
115
3,103
98
3,192
95
8,726
140
11,284
Oct-07
73,018
110
3,368
97
3,312
97
9,978
140
13,834
Sep-07
71,497
109
3,072
95
3,261
94
9,241
138
12,515
Aug-07
71,920
105
3,603
96
4,165
92
9,335
133
14,423
Jul-07
70,158
104
4,101
96
4,552
94
8,560
133
13,467
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
08/03/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 07/01/07 - 07/31/09
KEY INFORMATION Jul-07
Jul-09
Change
Percent Change
4,101
8,408
4,307
105.0
New
13,467
12,108
-1,359
-10.1
Residual Inventory
44,949
27,052
-17,897
-39.8
Under Contract
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
08/03/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 07/01/07 - 07/31/09 Time Period
# Properties Under Contract
# New Properties Listed
# Residual Inventory Properties
Under Contract / New %
Under Contract / Residual Inventory %
Jul-09
8,408
12,108
27,052
69.44
31.08
Jun-09
9,880
12,321
28,322
80.19
34.88
May-09
9,273
10,716
31,814
86.53
29.15
Apr-09
10,395
10,866
35,777
95.67
29.05
Mar-09
9,167
13,971
38,561
65.61
23.77
Feb-09
6,968
12,381
41,505
56.28
16.79
Jan-09
5,707
13,440
41,685
42.46
13.69
Dec-08
4,887
11,668
44,313
41.88
11.03
Nov-08
4,339
12,141
44,625
35.74
9.72
Oct-08
4,940
14,336
42,193
34.46
11.71
Sep-08
5,278
13,929
40,763
37.89
12.95
Aug-08
5,484
13,261
40,685
41.35
13.48
Jul-08
6,901
13,196
40,747
52.30
16.94
Jun-08
6,107
13,250
42,878
46.09
14.24
May-08
5,690
12,746
45,186
44.64
12.59
Apr-08
5,480
13,457
46,093
40.72
11.89
Mar-08
4,575
13,174
46,823
34.73
9.77
Feb-08
3,873
12,700
46,842
30.50
8.27
Jan-08
3,448
15,540
43,269
22.19
7.97
Dec-07
2,779
8,706
46,362
31.92
5.99
Nov-07
3,103
11,284
48,475
27.50
6.40
Oct-07
3,368
13,834
46,642
24.35
7.22
Sep-07
3,072
12,515
47,347
24.55
6.49
Aug-07
3,603
14,423
45,458
24.98
7.93
Jul-07
4,101
13,467
44,949
30.45
9.12
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
08/03/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 07/01/07 - 07/31/09
KEY INFORMATION Jul-07
Jul-09
Change
Percent Change
MSI
14.0
4.3
-9.8
-69.6
DOM
96
62
-34
-35.5
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
08/03/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 07/01/07 - 07/31/09 Time Period
Months Supply of Inventory
NAR MSI
# Properties For Sale Last Day of Month
# Properties Under Contract
Under Contract Average DOM
# Properties Sold
Jul-09
4.3
4.0
35,792
8,408
62
8,895
Jun-09
3.8
4.1
37,382
9,880
77
9,160
May-09
4.3
4.4
40,112
9,273
84
9,106
Apr-09
4.3
5.3
44,434
10,395
82
8,368
Mar-09
5.5
6.7
50,015
9,167
83
7,431
Feb-09
7.5
9.8
52,170
6,968
84
5,317
Jan-09
9.4
11.6
53,562
5,707
81
4,605
Dec-08
11.2
10.1
54,621
4,887
73
5,408
Nov-08
12.8
13.0
55,597
4,339
69
4,264
Oct-08
11.1
10.4
54,877
4,940
68
5,263
Sep-08
10.1
8.9
53,120
5,278
73
5,981
Aug-08
9.5
9.5
52,361
5,484
76
5,496
Jul-08
7.6
9.0
52,268
6,901
85
5,798
Jun-08
9.0
9.8
54,770
6,107
94
5,572
May-08
10.0
10.4
56,789
5,690
96
5,445
Apr-08
10.7
12.5
58,432
5,480
97
4,666
Mar-08
12.9
14.3
59,075
4,575
101
4,132
Feb-08
15.2
17.9
58,724
3,873
99
3,288
Jan-08
16.8
20.8
57,764
3,448
106
2,780
Dec-07
19.7
16.8
54,623
2,779
110
3,254
Nov-07
19.1
18.5
59,127
3,103
98
3,192
Oct-07
17.7
18.0
59,672
3,368
97
3,312
Sep-07
19.3
18.1
59,184
3,072
95
3,261
Aug-07
16.4
14.2
58,982
3,603
96
4,165
Jul-07
14.0
12.6
57,497
4,101
96
4,552
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
08/03/09