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Local Market Review: November Bounces Back

Published Monday, December 21, 2015

Housing data released by MIBOR today shows positive closed sales, pending sales, prices and new listing activity in November reversing trend from some slight dips and less aggressive growth in October. Closed sales increased 3.5 percent in November compared to November 2014, rose 0.7 percent in the quarterly comparison and 8.6 percent over the last 12 months. Pending sales increased 14.8 percent in the monthly comparison of November 2015 to the same period last year. In the quarter ending in November, pending sales rose 11.7 percent. New listings, a metric that has been through yo-yo effect all year, increased an impressive 11.7 percent in November.

Sale prices increased. The average sales price increased by 4.2 percent in November and rose 3.0 percent in the three-month review. Median sales price increased 5.5 percent in November and 3.6 percent for the quarter ending in November.

Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on December 16.

To download the Monthly Indicators report, click here. To view the one-page county reports, click here.

Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please click here