The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 05/01/07 - 05/31/09
KEY INFORMATION May-07
May-09
Change
Percent Change
MSI
10.5
3.7
-6.8
-64.5
NAR MSI
10.0
4.2
-5.8
-58.2
89
84
-5
-5.6
DOM MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, 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
06/01/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 05/01/07 - 05/31/09 Time Period
Months Supply of Inventory
NAR MSI
# Properties For Sale Last Day of Month
# Properties Under Contract
Under Contract Average DOM
# Properties Sold
May-09
3.7
4.2
38,236
10,272
84
9,162
Apr-09
4.2
5.3
44,460
10,697
82
8,436
Mar-09
5.4
6.7
50,331
9,258
83
7,502
Feb-09
7.4
9.8
52,535
7,108
85
5,350
Jan-09
8.8
11.7
53,995
6,122
84
4,629
Dec-08
10.9
10.2
55,428
5,085
78
5,424
Nov-08
14.4
13.2
56,539
3,919
70
4,277
Oct-08
11.6
10.5
55,339
4,766
66
5,293
Sep-08
10.4
8.9
53,378
5,128
71
6,015
Aug-08
10.1
9.5
52,456
5,205
75
5,512
Jul-08
7.1
9.0
52,101
7,356
85
5,808
Jun-08
8.8
9.7
54,538
6,190
93
5,604
May-08
9.8
10.2
56,246
5,734
96
5,498
Apr-08
10.4
12.3
57,721
5,530
97
4,711
Mar-08
12.7
14.0
58,327
4,595
101
4,156
Feb-08
14.8
17.5
58,065
3,918
99
3,320
Jan-08
16.5
20.5
57,317
3,475
106
2,800
Dec-07
19.5
16.7
54,399
2,785
110
3,262
Nov-07
18.8
18.3
58,954
3,141
98
3,228
Oct-07
17.6
17.9
59,573
3,391
97
3,335
Sep-07
19.1
18.0
59,148
3,098
95
3,292
Aug-07
16.2
14.0
58,942
3,643
96
4,206
Jul-07
14.0
12.6
57,485
4,120
96
4,576
Jun-07
12.2
10.7
56,714
4,654
92
5,288
May-07
10.5
10.0
56,280
5,360
89
5,639
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
06/01/09
The Melcher Agency
Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 05/01/07 - 05/31/09
KEY INFORMATION May-07
May-09
Price Change
Percent Change
Average
356,303
165,090
-191,213
-53.7
Median
259,900
120,000
-139,900
-53.8
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, 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
06/01/09
The Melcher Agency
Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 05/01/07 - 05/31/09
Time Period
# Properties Sold
Sold Average $
Sold Median $
Average $ - Median $
Median $ as % of Average $
Sold Avg DOM
May-09
9,162
165,090
120,000
45,090
72.7
82
Apr-09
8,436
160,381
116,495
43,886
72.6
83
Mar-09
7,502
159,829
120,000
39,829
75.1
85
Feb-09
5,350
173,299
125,000
48,299
72.1
84
Jan-09
4,629
181,099
130,000
51,099
71.8
77
Dec-08
5,424
191,709
144,000
47,709
75.1
74
Nov-08
4,277
204,848
151,500
53,348
74.0
69
Oct-08
5,293
212,900
165,000
47,900
77.5
71
Sep-08
6,015
219,671
172,000
47,671
78.3
72
Aug-08
5,512
239,197
185,900
53,297
77.7
82
Jul-08
5,808
251,005
192,700
58,305
76.8
91
Jun-08
5,604
267,155
203,275
63,880
76.1
99
May-08
5,498
273,517
210,000
63,517
76.8
97
Apr-08
4,711
282,427
215,000
67,427
76.1
103
Mar-08
4,156
298,874
215,490
83,384
72.1
99
Feb-08
3,320
298,160
220,000
78,160
73.8
104
Jan-08
2,800
317,589
226,450
91,139
71.3
108
Dec-07
3,262
317,882
235,000
82,882
73.9
103
Nov-07
3,228
324,994
240,000
84,994
73.8
95
Oct-07
3,335
327,980
239,284
88,696
73.0
97
Sep-07
3,292
310,878
242,000
68,878
77.8
94
Aug-07
4,206
348,789
250,000
98,789
71.7
92
Jul-07
4,576
348,489
259,695
88,794
74.5
94
Jun-07
5,288
355,314
260,000
95,314
73.2
90
May-07
5,639
356,303
259,900
96,403
72.9
90
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
06/01/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 05/01/07 - 05/31/09
KEY INFORMATION May-07
May-09
Change
Percent Change
5,360
10,272
4,912
91.6
New
14,493
10,274
-4,219
-29.1
Residual Inventory
42,881
30,766
-12,115
-28.3
Under Contract
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, 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
06/01/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 05/01/07 - 05/31/09 Time Period
# Properties Under Contract
# New Properties Listed
# Residual Inventory Properties
Under Contract / New %
Under Contract / Residual Inventory %
May-09
10,272
10,274
30,766
99.98
33.39
Apr-09
10,697
10,936
35,779
97.81
29.90
Mar-09
9,258
14,065
38,817
65.82
23.85
Feb-09
7,108
12,477
41,782
56.97
17.01
Jan-09
6,122
13,528
42,029
45.25
14.57
Dec-08
5,085
11,746
44,951
43.29
11.31
Nov-08
3,919
12,225
45,379
32.06
8.64
Oct-08
4,766
14,411
42,544
33.07
11.20
Sep-08
5,128
14,004
40,945
36.62
12.52
Aug-08
5,205
13,330
40,718
39.05
12.78
Jul-08
7,356
13,253
40,623
55.50
18.11
Jun-08
6,190
13,314
42,654
46.49
14.51
May-08
5,734
12,808
44,693
44.77
12.83
Apr-08
5,530
13,528
45,517
40.88
12.15
Mar-08
4,595
13,247
46,264
34.69
9.93
Feb-08
3,918
12,766
46,492
30.69
8.43
Jan-08
3,475
15,661
43,073
22.19
8.07
Dec-07
2,785
8,763
46,258
31.78
6.02
Nov-07
3,141
11,357
48,431
27.66
6.49
Oct-07
3,391
13,922
46,631
24.36
7.27
Sep-07
3,098
12,596
47,316
24.60
6.55
Aug-07
3,643
14,494
45,431
25.13
8.02
Jul-07
4,120
13,540
44,924
30.43
9.17
Jun-07
4,654
13,976
43,768
33.30
10.63
May-07
5,360
14,493
42,881
36.98
12.50
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
06/01/09
The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 05/01/07 - 05/31/09
KEY INFORMATION May-07
May-09
Median Price Change
Percent Change
For Sale
290,000
185,000
-105,000
-36.2
Under Contract
264,509
125,000
-139,509
-52.7
Sold
259,900
120,000
-139,900
-53.8
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, 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
06/01/09
The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 05/01/07 - 05/31/09
Time Period
FOR SALE Median $ # Properties
UNDER CONTRACT Median $ # Properties
SOLD Median $ # Properties
EXPIRED Median $ # Properties
NEW LISTINGS Median $ # Properties
May-09
185,000
54,733
125,000
10,272
120,000
9,162
209,900
6,230
149,900
10,274
Apr-09
179,900
61,267
120,000
10,697
116,495
8,436
199,900
6,115
149,994
10,936
Mar-09
174,900
66,598
120,000
9,258
120,000
7,502
180,000
7,013
140,000
14,065
Feb-09
175,000
66,471
122,500
7,108
125,000
5,350
179,000
6,834
150,000
12,477
Jan-09
179,000
68,953
129,900
6,122
130,000
4,629
199,900
8,837
160,725
13,528
Dec-08
179,900
68,282
139,900
5,085
144,000
5,424
199,900
7,796
139,000
11,746
Nov-08
189,500
67,562
145,000
3,919
151,500
4,277
210,000
7,116
157,000
12,225
Oct-08
195,000
67,787
150,000
4,766
165,000
5,293
217,105
7,691
162,000
14,411
Sep-08
200,000
66,453
169,000
5,128
172,000
6,015
225,000
7,957
169,900
14,004
Aug-08
213,942
65,472
175,000
5,205
185,900
5,512
230,000
7,778
175,000
13,330
Jul-08
220,000
68,153
187,350
7,356
192,700
5,808
238,000
8,773
181,500
13,253
Jun-08
229,900
69,004
199,900
6,190
203,275
5,604
249,000
9,219
190,900
13,314
May-08
239,000
70,800
209,900
5,734
210,000
5,498
250,000
8,739
205,000
12,808
Apr-08
244,500
70,795
219,000
5,530
215,000
4,711
249,900
8,673
219,900
13,528
Mar-08
249,800
70,646
221,900
4,595
215,490
4,156
259,900
8,282
224,000
13,247
Feb-08
250,000
69,267
225,000
3,918
220,000
3,320
259,900
7,916
230,000
12,766
Jan-08
255,000
69,287
229,900
3,475
226,450
2,800
259,990
8,996
239,900
15,661
Dec-07
259,900
67,082
239,900
2,785
235,000
3,262
269,500
10,477
237,900
8,763
Nov-07
265,000
70,278
249,500
3,141
240,000
3,228
274,900
8,751
245,000
11,357
Oct-07
269,900
72,370
249,000
3,391
239,284
3,335
279,900
10,019
250,000
13,922
Sep-07
274,900
70,916
249,900
3,098
242,000
3,292
282,000
9,276
254,900
12,596
Aug-07
278,000
71,189
254,900
3,643
250,000
4,206
289,000
9,374
259,900
14,494
Jul-07
280,000
69,375
259,900
4,120
259,695
4,576
295,000
8,606
264,814
13,540
Jun-07
288,900
69,295
264,900
4,654
260,000
5,288
299,900
8,886
269,000
13,976
May-07
290,000
68,690
264,509
5,360
259,900
5,639
300,000
8,140
275,000
14,493
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
06/01/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 05/01/07 - 05/31/09
KEY INFORMATION May-07
May-09
# Units Change
Percent Change
For Sale
68,690
54,733
-13,957
-20.3
Under Contract
5,360
10,272
4,912
91.6
Sold
5,639
9,162
3,523
62.5
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, 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
06/01/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 05/01/07 - 05/31/09
Time Period
FOR SALE # Properties Average DOM
UNDER CONTRACT # Properties Average DOM
SOLD # Properties Average DOM
EXPIRED # Properties Average DOM
NEW LISTINGS # Properties
May-09
54,733
130
10,272
84
9,162
82
6,230
156
10,274
Apr-09
61,267
125
10,697
82
8,436
83
6,115
157
10,936
Mar-09
66,598
121
9,258
83
7,502
85
7,013
150
14,065
Feb-09
66,471
121
7,108
85
5,350
84
6,834
144
12,477
Jan-09
68,953
124
6,122
84
4,629
77
8,837
167
13,528
Dec-08
68,282
124
5,085
78
5,424
74
7,796
158
11,746
Nov-08
67,562
119
3,919
70
4,277
69
7,116
151
12,225
Oct-08
67,787
116
4,766
66
5,293
71
7,691
148
14,411
Sep-08
66,453
116
5,128
71
6,015
72
7,957
152
14,004
Aug-08
65,472
118
5,205
75
5,512
82
7,778
154
13,330
Jul-08
68,153
118
7,356
85
5,808
91
8,773
150
13,253
Jun-08
69,004
119
6,190
93
5,604
99
9,219
159
13,314
May-08
70,800
120
5,734
96
5,498
97
8,739
152
12,808
Apr-08
70,795
117
5,530
97
4,711
103
8,673
151
13,528
Mar-08
70,646
118
4,595
101
4,156
99
8,282
154
13,247
Feb-08
69,267
117
3,918
99
3,320
104
7,916
148
12,766
Jan-08
69,287
117
3,475
106
2,800
108
8,996
144
15,661
Dec-07
67,082
124
2,785
110
3,262
103
10,477
162
8,763
Nov-07
70,278
115
3,141
98
3,228
95
8,751
140
11,357
Oct-07
72,370
110
3,391
97
3,335
97
10,019
140
13,922
Sep-07
70,916
108
3,098
95
3,292
94
9,276
138
12,596
Aug-07
71,189
105
3,643
96
4,206
92
9,374
133
14,494
Jul-07
69,375
103
4,120
96
4,576
94
8,606
133
13,540
Jun-07
69,295
101
4,654
92
5,288
90
8,886
134
13,976
May-07
68,690
99
5,360
89
5,639
90
8,140
130
14,493
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
06/01/09