Tag Archives: DOM

Median escrow period increases by three weeks — Days to contract now less than a week

Last week I read a story from HousingWire that discussed the impact that the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule (TRID) is having on the time to close a mortgage loan — namely that the length of time … Continue reading

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Houses moving faster

According to a recent Bloomberg Businessweek article properties for sale in the U.S. in September had been listed for an average of 95 days, down from 107 days a year earlier – for a drop of 11 percent. [See Listings … Continue reading

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September median sales price, units sold, DOM, and inventory

September’s median sales price of $175,000 receded slightly from August’s $175,500. Despite the slight decrease, September’s median sold price is up 17 percent year-over-year. Sold price per square foot similarly leveled off in September. September’s $98.43/sq.ft. was down slightly from … Continue reading

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August median sold price, units, DOM, $/sq.ft.

August’s median sales price jumped up more than 6 percent over July’s median sold price. The median is now at $175,500 and up a whopping 30 percent year-to-date, and up 14 percent year-over-year. These are incredible gains. And as I … Continue reading

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November median sold price, units, DOM, $/sq.ft.

I usually wait until we’re at least a week into a new month before I post the median numbers for the prior month, but with a few readers commenting that this blog’s activity has been waning of late, I decided … Continue reading

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August median sold price, units, DOM, $/sq.ft.

August saw a very nice 3.3 percent jump in the median sold price – $155,000 compared to July’s $150,000. The sold price per square foot also increased a healthy 4.4 percent, coming in at $91.32/sq.ft. August also saw very strong … Continue reading

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July median sold price, units, DOM, $/sq.ft.

July sales continue to be strong, units-wise.  Units sold are still hovering around 500/month; 490 to be precise (but will probably hit 500 by the time all the sales for July have finally been entered into the MLS).  490 units … Continue reading

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February median sold price, units, DOM, and $/sq.ft.

February’s median sold price recovered a bit from the dramatic drop we saw in January’s median.  [Recall, that January’s median fell below $160,000 – a level not seen since April 2001].  February’s median sold price was $162,000 – a 1.3 … Continue reading

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