Gwinnett County Real Estate Market Report April – May 2008
April Numbers - Updated <ul><li>2498 New Listings </li></ul><ul><li>598 Sold Listings </li></ul><ul><li>847 Listings Pendi...
April Numbers - Updated <ul><li>*Listings Pending may have closed in April, may have closed in May, may close in some othe...
May Numbers - Preliminary <ul><li>2149 New Listings </li></ul><ul><li>365 Sold Listings </li></ul><ul><li>755 Listings Pen...
May Numbers - Preliminary <ul><li>*While all of these numbers are subject to revision next month, the Sold Listings tend t...
Days on Market (DoM)
Conclusions <ul><li>Days on Market usually drop in April, May and June.  I expect to see mid-90 DoM for May and June. </li...
New, Pending & Sold Listings
Conclusions <ul><li>I expect to see May Sales come in around 650 units. </li></ul><ul><li>Look for New Listings to slow.  ...
April Absorption Rates <ul><li>9788 Listings on the market in Gwinnett County at the end of April, and sales averaged over...
May Absorption Rates <ul><li>9931 Listings on the market in Gwinnett County at the end of May, and sales averaged over 12,...
Conclusions <ul><li>While the May numbers aren’t final, they are still showing a strengthening of the market. </li></ul><u...
New/Sold Ratio <ul><li>This ratio compares new listings and sold listings for a given month.  It is useful to sellers in d...
New/Sold Ratio <ul><li>In April, 24% as many homes sold as were listed during the month.  This means that on average, for ...
New/Sold Ratio
Conclusion <ul><li>The weakness of the N/S% shows that few homes are priced attractively to Buyers. </li></ul><ul><li>This...
Average Sales Price <ul><li>April - $222,934  Down 10.2% from April, 2007.  </li></ul><ul><li>May - $227,010  Down 6.3% fr...
Average Sales Price <ul><li>Average prices may be volatile, affected by strong or weak sales of homes priced in particular...
List Price/Sales Price Ratio <ul><li>April – 96.33%  </li></ul><ul><li>May – 96.01% </li></ul><ul><li>Over the last few ye...
Conclusion <ul><li>List/Sale Price % gives an indication of Buyer strength.  </li></ul><ul><li>It also shows whether Selle...
Upcoming SlideShare
Loading in...5
×

Gwinnett County Real Estate Market Report 6 08

1,276

Published on

This is my market report for real estate in Gwinnett County, GA for April and May, 2008

Published in: Business, Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,276
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Gwinnett County Real Estate Market Report 6 08

  1. 1. Gwinnett County Real Estate Market Report April – May 2008
  2. 2. April Numbers - Updated <ul><li>2498 New Listings </li></ul><ul><li>598 Sold Listings </li></ul><ul><li>847 Listings Pending </li></ul><ul><li>Average 97 Days on Market for Sold Listings </li></ul>
  3. 3. April Numbers - Updated <ul><li>*Listings Pending may have closed in April, may have closed in May, may close in some other month, or may fail to close. But, there IS overlap with Sold Listings. </li></ul>
  4. 4. May Numbers - Preliminary <ul><li>2149 New Listings </li></ul><ul><li>365 Sold Listings </li></ul><ul><li>755 Listings Pending </li></ul><ul><li>Average 95 Days on Market for Sold Listings </li></ul>
  5. 5. May Numbers - Preliminary <ul><li>*While all of these numbers are subject to revision next month, the Sold Listings tend to have the most radical revision. I am estimating 650 closed sales for May. </li></ul>
  6. 6. Days on Market (DoM)
  7. 7. Conclusions <ul><li>Days on Market usually drop in April, May and June. I expect to see mid-90 DoM for May and June. </li></ul><ul><li>If DoM drops further, or continues to decline in July, that could signal strength. </li></ul>
  8. 8. New, Pending & Sold Listings
  9. 9. Conclusions <ul><li>I expect to see May Sales come in around 650 units. </li></ul><ul><li>Look for New Listings to slow. If coupled with increase in Pendings and Solds, that is a signal of strength. </li></ul>
  10. 10. April Absorption Rates <ul><li>9788 Listings on the market in Gwinnett County at the end of April, and sales averaged over 12, 6 and 3 month periods. </li></ul><ul><li>12 month average: 13.5 months inventory </li></ul><ul><li>6 month average: 18.0 months inventory </li></ul><ul><li>3 month average: 17.5 months inventory </li></ul>
  11. 11. May Absorption Rates <ul><li>9931 Listings on the market in Gwinnett County at the end of May, and sales averaged over 12, 6 and 3 month periods. </li></ul><ul><li>12 month average: 14.9 months inventory </li></ul><ul><li>6 month average: 19.7 months inventory </li></ul><ul><li>3 month average: 19.5 months inventory </li></ul>
  12. 12. Conclusions <ul><li>While the May numbers aren’t final, they are still showing a strengthening of the market. </li></ul><ul><li>Look for the 3 month average Absorption Rate to drop under 17 months. </li></ul><ul><li>If this happens, it will be a clear sign of strength. </li></ul>
  13. 13. New/Sold Ratio <ul><li>This ratio compares new listings and sold listings for a given month. It is useful to sellers in determining a pricing strategy. </li></ul>
  14. 14. New/Sold Ratio <ul><li>In April, 24% as many homes sold as were listed during the month. This means that on average, for each 4 homes that were put up for sale, 1 sold. </li></ul><ul><li>In May, early numbers point to 17% (1:6) </li></ul>
  15. 15. New/Sold Ratio
  16. 16. Conclusion <ul><li>The weakness of the N/S% shows that few homes are priced attractively to Buyers. </li></ul><ul><li>This number tops around 67% </li></ul><ul><li>Anything under 33% is very weak. </li></ul><ul><li>Look for the mid 30s this summer. </li></ul>
  17. 17. Average Sales Price <ul><li>April - $222,934 Down 10.2% from April, 2007. </li></ul><ul><li>May - $227,010 Down 6.3% from May, 2007 </li></ul>
  18. 18. Average Sales Price <ul><li>Average prices may be volatile, affected by strong or weak sales of homes priced in particular ranges. </li></ul><ul><li>This number doesn’t really give an indication of market direction except in the broadest sense. </li></ul>
  19. 19. List Price/Sales Price Ratio <ul><li>April – 96.33% </li></ul><ul><li>May – 96.01% </li></ul><ul><li>Over the last few years Sale Prices generally held between 97% and 98.5%, although there have been some dips into the high 96% range in the last few months. </li></ul>
  20. 20. Conclusion <ul><li>List/Sale Price % gives an indication of Buyer strength. </li></ul><ul><li>It also shows whether Sellers are being realistic with pricing. </li></ul><ul><li>The indications are also very general. </li></ul>

×