RED REPORT NOVEMBER 2015

2015 YTD Closings 10% Higher than 2014, but November Closings 8% Lower than Last November…

DOWN 8% November 2015 vs November 2014 (annual monthly comparison)
DOWN 20% November 2015 from October 2015 (one month change)
UP 10% Year to Date Closings- 2015 vs 2014
Total Inventories are down 10% for November 2015 verses November 2014.

YEAR TO DATE PRICES AND CLOSINGS CONTINUE HIGHER THAN LAST YEAR…

YEAR TO DATE: TOTAL 4 COUNTIES CLOSINGS UP 10%.

Rutherford Closings  DOWN 1%

Average Closed Prices UP 9%

Average Sales Price – $211,325

NOVEMBER 2015 VS NOVEMBER 2014 CLOSINGS DOWN 8%.

Williamson Closings DOWN 11%

Average Closed Prices UP 2%

Average Sales Price – $456,046

Davidson Closings DOWN 4%

Average Closed Prices UP 11%

Average Sales Price – $298,158

Wilson Closings DOWN 25%

Average Closed Prices UP 2%

Average Sales Price – $263,066

 

CLOSINGS

  • Rutherford Closings down 21%
  • Williamson Closings down 16%
  • Davidson Closings down 24%
  • Wilson Closings down 13%
  • Total 4 Counties are down 20%.

PENDED

Pendings appear to be showing the season changes we expect

  • Rutherford pended 371 which is down 18%
  • Williamson pended 357 which is down 2%
  • Davidson pended 775 which is down 11%
  • Wilson pended 199 which is down 1%

BACK IN TIME…

November 2006 vs November 2015 YTD

  • 2015 Closings are 7% lower
  • 2015 Closed Prices are 23% higher at $311,306 & 8% higher than 2014.
  • 2015 Inventory is 21% lower at 6,130
  • Days on Market for 2015 are 56 Days vs 59 Days in 2006. 2014 was 67 Days.
  • Closed Prices for 2015 are 98.62% of List Prices, 2006 was 100.56% & 2014 was 98.01%

Download a full PDF version here ==> RedReport-pdf-11-15



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