Montgomery Area Residential Real Estate: Annual Trends Report
Montgomery Area Residential Real Estate: Annual Trends Report Market Indicators Total Residential Sales
Annual Trends Last Year
Montgomery residential sales for the vs. Previous Year year of 2014 totaled 3,861 units, vs. 5-Yr Avg representing an increase of 296 transactions when compared to 3,565 vs. Peak units that were sold in the year of 2013.
vs. Trough
ACRE Commentary
3,861 3,565 3,202
8.3% 20.6%
2005 2011
6,173 2,774
-37.5% 39.2%
2013 2012 2011 2010 2009 5- Year Avg: 3- Year Avg:
Median Sales Price
Montgomery Annual: Total Residential Sales
2014 2013 09-'13
6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,704 3,000 2,500
Historical Home Sales
“Compared to historical data, annnual sales are 22.6% above the 3year annual average and 20.6% above the 5-year annual average."
The median selling price in Montgomery for the year of 2014 was $136,575, a 2.4 percent increase from the year of 2013's median selling price of $133,438.
Infographs
Last Year
vs. Previous Year vs. 5-Yr Avg
2014 2013 09-'13
6,173
3,861
Graph: 2001-2014 (Per Annum)
3,565 3,112 2,774 3,152 3,405 3,202 3,150
136,575 133,438 128,407
Montgomery Annual: Median Residential Price
2.4% 6.4%
160,000 150,000
142,676
140,000
136,575
130,000 120,000
Median Peak Trough
2006 2001
142,676 107,038
-4.3% 27.6%
110,000 100,000 107,038 90,000
ACRE Commentary “Compared to historical data to the right, the annual median price is 5.9% above the 3-year annual average and 6.4% above the 5year annual average."
Historical Median Selling Price
2013 133,438
Graph: 2001-2014 (Per Annum)
2012 126,801 2011 126,567 2010 127,279 2009 127,951 5- Year Avg: 128,407 3- Year Avg: 128,935
Available online: acre.culverhouse.ua.edu
Report Compliments of:
ACRE Corporate Cabinet
Page 1 of 3 ©ACRE 2015
Market Indicators Average Sales Prices The average selling price in Montgomery for the year of 2014 was $152,013, a 2.5 percent increase from the year of 2013’s average selling price of $148,281.
Annual Trends Last Year
vs. Previous Year vs. 5-Yr Avg
Infographs Montgomery Annual: Average Selling Price
2014 2013
152,013 148,281
2.5%
175,000
09-'13
144,972
4.9%
165,000
165,904 152,013
155,000 145,000
142,796
135,000
Average Peak Trough
2006 2001
165,904 122,730
-8.4% 23.9%
125,000 115,000122,730 105,000
ACRE Commentary
Historical Average Selling Price
“Compared to historical data to the right, the annual average price is 4.4% above the 3-year annual average and 4.9% above the 5-year annual average."
2013 2012 2011 2010 2009 5-Year Avg: 3- Year Avg:
Days on Market (DOM) The average number of days on the market in the year of 2014 was 134, representing a increase of 15.0 percent from 117 days on market in the year of 2013.
Last Year
vs. Previous Year vs. 5-Yr Avg
2014 2013 09-'13
Graph: 2001-2014 (Per Annum)
148,281 143,274 145,458 145,049 142,796 144,972 145,671
134 117 101
Montgomery Annual: Average Days on Market
15.0% 32.7%
134
140 130 120 110
108
100
DOM Peak Trough
2014 2006
134 74
0.3% 81.6%
100
90 80 70
74
60
ACRE Commentary “The 5-year DOM average (’09-’13) for the year is 101 days, 33 days lower than the current results. Compared to historical data to the right, the annual DOM is 32.7% above the 5-year annual average, and 26.4% above the 3-year average."
Available online: acre.culverhouse.ua.edu
Historical Average DOM
2013 2012 2011 2010 2009 5-Year Avg:
117 100 102 94 94 101
3-Year Avg:
106
Report Compliments of:
ACRE Corporate Cabinet
Graph: 2001-2014 (Per Annum)
Page 2 of 3 ©ACRE 2015
Market Indicators
Annual Trends
Homes Listed for Sale
Last Year
Montgomery's average number of residential units available for sale in the year of 2014 decreased by 41 units, when compared year of 2013.
vs. Previous Year vs. 5-Yr Avg
Infographs
2014 2013 09-'13
2,803 2,844 2,991
-1.4% -6.3%
2008 2005
3,372 1,782
-16.9% 57.3%
Montgomery Annual: Total Homes Listed
3,600
3,372
3,400 3,200
Inventory Peak Trough
3,000 2,800 2,600 2,400
2,803
2,375
2,200 2,000 1,800 1,600
ACRE Commentary
Graph: 2001-2014
Historical Total Homes Listed
2013 “The 5-year inventory average (’09-’13) is 2,991 units, 188 units higher than current results. Compared to historical data to the right, the number of homes 2012 listed for sale are 6.3% below the 5-year annual average, and 2.7% below the 32011 year annual average." 2010 2009 5-Year Avg: 3-Year Avg:
2,844 2,805 2,997 3,213 3,096 2,991 2,882
(Per Annum)
Montgomery Annual: Inventory to Sales Ratio
Inventory-to-Sales Ratio Definition: The inventory for sale divided by the current annual sales volume equals the number of months of supply (Market considered to be in balance at approximately 6 months).
Last Year
vs. Previous Year vs. 5-Yr Avg I/S Ratio Peak Trough
16.0
2014 2013 09-'13
8.9 9.7 11.7
-8.2% -23.8%
2011 2005
13.4 3.5
-33.4% 155.2%
13.4
14.0 12.0 10.0 8.0
7.9 8.9
6.0 4.0 2.0
ACRE Commentary
Historical I/S Ratio
“Compared to historical data to the right, the annual supply is 21.9% below the 3-year annual average and 23.8% below the 5-year annual average."
2013 2012 2011 2010 2009 5-Year Avg: 3- Year Avg:
9.7 11.0 13.4 13.0 11.4
Graph: 2001-2014 (Per Annum)
11.7 11.4
NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS® or their Multiple Listing Service. The Alabama Center for Real Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc. The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for Real Estate's homepage www.acre.cba.ua.edu.
Available online: acre.culverhouse.ua.edu
Report Compliments of:
ACRE Corporate Cabinet
Page 3 of 3 ©ACRE 2015
Annual Trends Last Year
Montgomery residential sales for the vs. Previous Year year of 2014 totaled 3,861 units, vs. 5-Yr Avg representing an increase of 296 transactions when compared to 3,565 vs. Peak units that were sold in the year of 2013.
vs. Trough
ACRE Commentary
3,861 3,565 3,202
8.3% 20.6%
2005 2011
6,173 2,774
-37.5% 39.2%
2013 2012 2011 2010 2009 5- Year Avg: 3- Year Avg:
Median Sales Price
Montgomery Annual: Total Residential Sales
2014 2013 09-'13
6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,704 3,000 2,500
Historical Home Sales
“Compared to historical data, annnual sales are 22.6% above the 3year annual average and 20.6% above the 5-year annual average."
The median selling price in Montgomery for the year of 2014 was $136,575, a 2.4 percent increase from the year of 2013's median selling price of $133,438.
Infographs
Last Year
vs. Previous Year vs. 5-Yr Avg
2014 2013 09-'13
6,173
3,861
Graph: 2001-2014 (Per Annum)
3,565 3,112 2,774 3,152 3,405 3,202 3,150
136,575 133,438 128,407
Montgomery Annual: Median Residential Price
2.4% 6.4%
160,000 150,000
142,676
140,000
136,575
130,000 120,000
Median Peak Trough
2006 2001
142,676 107,038
-4.3% 27.6%
110,000 100,000 107,038 90,000
ACRE Commentary “Compared to historical data to the right, the annual median price is 5.9% above the 3-year annual average and 6.4% above the 5year annual average."
Historical Median Selling Price
2013 133,438
Graph: 2001-2014 (Per Annum)
2012 126,801 2011 126,567 2010 127,279 2009 127,951 5- Year Avg: 128,407 3- Year Avg: 128,935
Available online: acre.culverhouse.ua.edu
Report Compliments of:
ACRE Corporate Cabinet
Page 1 of 3 ©ACRE 2015
Market Indicators Average Sales Prices The average selling price in Montgomery for the year of 2014 was $152,013, a 2.5 percent increase from the year of 2013’s average selling price of $148,281.
Annual Trends Last Year
vs. Previous Year vs. 5-Yr Avg
Infographs Montgomery Annual: Average Selling Price
2014 2013
152,013 148,281
2.5%
175,000
09-'13
144,972
4.9%
165,000
165,904 152,013
155,000 145,000
142,796
135,000
Average Peak Trough
2006 2001
165,904 122,730
-8.4% 23.9%
125,000 115,000122,730 105,000
ACRE Commentary
Historical Average Selling Price
“Compared to historical data to the right, the annual average price is 4.4% above the 3-year annual average and 4.9% above the 5-year annual average."
2013 2012 2011 2010 2009 5-Year Avg: 3- Year Avg:
Days on Market (DOM) The average number of days on the market in the year of 2014 was 134, representing a increase of 15.0 percent from 117 days on market in the year of 2013.
Last Year
vs. Previous Year vs. 5-Yr Avg
2014 2013 09-'13
Graph: 2001-2014 (Per Annum)
148,281 143,274 145,458 145,049 142,796 144,972 145,671
134 117 101
Montgomery Annual: Average Days on Market
15.0% 32.7%
134
140 130 120 110
108
100
DOM Peak Trough
2014 2006
134 74
0.3% 81.6%
100
90 80 70
74
60
ACRE Commentary “The 5-year DOM average (’09-’13) for the year is 101 days, 33 days lower than the current results. Compared to historical data to the right, the annual DOM is 32.7% above the 5-year annual average, and 26.4% above the 3-year average."
Available online: acre.culverhouse.ua.edu
Historical Average DOM
2013 2012 2011 2010 2009 5-Year Avg:
117 100 102 94 94 101
3-Year Avg:
106
Report Compliments of:
ACRE Corporate Cabinet
Graph: 2001-2014 (Per Annum)
Page 2 of 3 ©ACRE 2015
Market Indicators
Annual Trends
Homes Listed for Sale
Last Year
Montgomery's average number of residential units available for sale in the year of 2014 decreased by 41 units, when compared year of 2013.
vs. Previous Year vs. 5-Yr Avg
Infographs
2014 2013 09-'13
2,803 2,844 2,991
-1.4% -6.3%
2008 2005
3,372 1,782
-16.9% 57.3%
Montgomery Annual: Total Homes Listed
3,600
3,372
3,400 3,200
Inventory Peak Trough
3,000 2,800 2,600 2,400
2,803
2,375
2,200 2,000 1,800 1,600
ACRE Commentary
Graph: 2001-2014
Historical Total Homes Listed
2013 “The 5-year inventory average (’09-’13) is 2,991 units, 188 units higher than current results. Compared to historical data to the right, the number of homes 2012 listed for sale are 6.3% below the 5-year annual average, and 2.7% below the 32011 year annual average." 2010 2009 5-Year Avg: 3-Year Avg:
2,844 2,805 2,997 3,213 3,096 2,991 2,882
(Per Annum)
Montgomery Annual: Inventory to Sales Ratio
Inventory-to-Sales Ratio Definition: The inventory for sale divided by the current annual sales volume equals the number of months of supply (Market considered to be in balance at approximately 6 months).
Last Year
vs. Previous Year vs. 5-Yr Avg I/S Ratio Peak Trough
16.0
2014 2013 09-'13
8.9 9.7 11.7
-8.2% -23.8%
2011 2005
13.4 3.5
-33.4% 155.2%
13.4
14.0 12.0 10.0 8.0
7.9 8.9
6.0 4.0 2.0
ACRE Commentary
Historical I/S Ratio
“Compared to historical data to the right, the annual supply is 21.9% below the 3-year annual average and 23.8% below the 5-year annual average."
2013 2012 2011 2010 2009 5-Year Avg: 3- Year Avg:
9.7 11.0 13.4 13.0 11.4
Graph: 2001-2014 (Per Annum)
11.7 11.4
NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS® or their Multiple Listing Service. The Alabama Center for Real Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc. The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for Real Estate's homepage www.acre.cba.ua.edu.
Available online: acre.culverhouse.ua.edu
Report Compliments of:
ACRE Corporate Cabinet
Page 3 of 3 ©ACRE 2015
