May 2009 Real Estate Statistics Report
Full Real Estate Stats for This Month
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May 2009 Real Estate Market Statistics
Hey everyone... we're well into the 2 quarter of 2009 and the real estate market is starting to show signs of improvement in some areas. Inventories are shrinking in some areas (and not in others)... and some of the "early mover" markets like cities in California and Las Vegas are slowly but surely starting to show signs of the bottom. Anyhow, nothing big has changed since last month. Unemployment is still pretty high in a lot of areas, but Denver, Colorado is starting to show great signs of being one of the early turnaround cities with unemployment starting to improve and more buyers entering the market. Enjoy the May 2009 real estate stats report and get out there and start investing! - Trevor Trevor Mauch The REI Brain dot Com http://www.thereibrain.com
nd
Florida and California are Night and Day
California’s excess resale supply (homes for sale) is starting to come back in balance, while Florida’s supply is completely out of whack. At 10.2 months of supply, the U.S. still has 42% more inventory than normal, but supply is nearing historical norms in California, while supply is often 23X the norm in Florida.
Driven primarily by great affordability and the additional state tax credit of $10,000, California markets have less than 10 months of supply on the market. Specifically, the most exciting story appears to be San Diego and Orange County, which are maintaining 5 months or less. Phoenix and Denver also have less than 10 months of supply on the market.
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On the other hand, Florida is still hugely oversupplied, with most markets currently maintaining more than 16 months of supply, and some actually suffocating under more than 21 months of supply! Chicago is also weighed down by more than 16 months of supply on the market. Not Ready to Call a Bottom In California While California’s supply is returning to norm, its economy is not. The state is virtually broke and will surely be raising taxes and reducing spending. With heavy job losses already occurring, a housing rebound in 2009 is virtually impossible. Job losses will put upward pressure on the months of supply by eliminating potential buyers from the market and adding extra foreclosures. We also believe that there is significant pent-up demand by home sellers, which will also put upward pressure on months of supply.
Conclusion We are often asked what is the most important variable to track to monitor the housing market. The answer is that there isn’t one, and that what we are paying closest attention to fluctuates over time. Right now, we are focused on job growth and mortgage terms. If job growth returns while mortgage terms and other conditions remain “as is”, home prices are likely to stabilize. This is the most current available data for all variables and markets.
State Metro Area*
Employment Statistics Affordability NF Payroll 1212Total Employment Month Month Permits / 1-Yr Median Housing Housing S. Fam. Total Peak 1-Yr Growth Unemp Home Costs / Cycle Permits Permits Permits Growth Rate Rate Price Income Barometer
Permits Statistics
Alabama AnnistonOxford Auburn-
160 680
224 798
48% 36%
(1,500) (1,000)
(2.8%) 9.2% $87,083 18% (1.8%) 7.4% $134,965 26%
0.0 0.0
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Opelika Birmingham 1,951 Decatur 146 Dothan 341 Florence 150 Huntsville 2,226 Mobile 1,161 Montgomery 504 Tuscaloosa 450 Alaska Anchorage 274 Arizona Flagstaff 237 Phoenix 10,835 Prescott 473 Tucson 2,364 Yuma 741 Arkansas Fayetteville 1,008 Fort Smith 481 Little Rock 1,689 California Bakersfield 1,237 Chico 460 El Centro 241 Fresno 2,023 Hanford 228 Los Angeles 2,743 (D) Madera 188 Merced 177 Modesto 341 Monterey 180 Napa 188 Oakland (D) 1,648 Orange County 1,211 (D) Redding 341 Riverside-San 5,111 Bernardino Sacramento 3,701 San Diego 2,164 San Francisco 476 (D) San Jose 832 San Luis 432
2,780 146 343 214 3,120 1,955 504 941 424 239 15,790 594 2,495 782 2,051 721 3,111 1,819 517 466 2,503 365
36% 16% 46% 27% 62% 70% 19% 36% 5% 18% 23% 13% 19% 29% 27% 55% 54% 21% 26% 21% 34% 27%
(16,200) (2,900) (2,000) (800) (4,800) (2,100) (3,900) (1,400) 1,700
(3.1%) (4.9%) (3.2%) (1.4%) (2.2%) (1.1%) (2.2%) (1.4%) 1.0%
8.3% 9.1% 8.0% 9.4% 6.8% 8.9% 8.8% 8.0%
$139,094 $99,804 $91,692 $94,993 $125,704 $123,650 $121,530 $124,857
23% 20% 19% 19% 18% 25% 21% 25%
0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0 2.8 0.0 0.0 2.1 4.4 0.0 0.0 0.0 0.0 1.2 0.0 0.9 1.4 1.4 0.8 0.0 0.0 0.1 1.4 0.0 3.0 0.4 0.0 0.0 1.2 2.7 0.9 4.4
8.1% $191,560 21% 6.6% 7.2% 8.8% 7.0% 15.3% $197,217 $120,000 $158,161 $169,900 $143,250 35% 18% 30% 31% 31%
(3,100) (4.8%) (136,000) (7.1%) (5,300) (8.4%) (18,600) (4.8%) (5,400) (9.5%) (2,400) (2,100) (4,700) (2,500) (2,900) (2,400) (8,900) (700)
(1.2%) 5.4% $109,957 16% (1.7%) 7.3% $77,803 14% (1.3%) 5.5% $124,254 18% (1.1%) (3.9%) (5.1%) (2.9%) (1.9%) 15.9% 13.3% 25.1% 17.0% 16.7% $117,500 $181,500 $109,500 $140,000 $127,500 21% 35% 23% 26% 23%
10,202 15% 245 177 379 381 202 3,496 2,281 515 7,912 5,094 4,751 2,796 2,899 525 11% 5% 6% 14% 20% 15% 9% 22% 14% 21% 11% 42% 29% 15%
(149,400) (3.6%) 11.3% $296,000 44% (100) (2,100) (4,900) (3,600) (3,400) (43,000) (0.3%) (3.6%) (3.1%) (2.8%) (5.3%) (4.1%) 15.3% 20.4% 17.5% 15.7% 9.0% 10.2% $129,000 $104,500 $135,000 $209,000 $326,500 $240,000 26% 20% 22% 30% 39% 27%
(71,900) (4.8%) 8.5% $431,500 47% (2,700) (4.4%) 16.8% $160,000 29%
(82,800) (6.6%) 12.9% $162,000 24% (45,400) (5.1%) 11.3% $186,000 25% (44,600) (3.4%) 9.3% $317,750 41% (36,600) (3.7%) 8.5% $600,000 64% (36,700) (4.0%) 11.0% $415,000 40% (3,900) (3.7%) 8.7% $360,000 57%
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Obispo Santa Barbara 193 Santa Cruz 166 Santa Rosa 519 Stockton 672 Vallejo349 Fairfield Ventura 314 Visalia1,143 Porterville Yuba-Sutter 194 Colorado Boulder 273 Colorado 1,421 Springs Denver 3,457 Fort Collins 542 Grand Junction 586 Greeley 736 Pueblo 334 Connecticut Bridgeport 547 Hartford 967 New Haven 525 Delaware Dover 722 Wilmington 913 (D) District of Columbia Washington 7,507 D.C. (D) Florida Daytona Beach 886 Fort 717 Lauderdale (D) Fort Myers 1,059 Fort Walton 322 Beach Gainesville 348 Jacksonville 4,406 Lakeland 1,905 Melbourne 1,133 Miami (D) 764 Naples 643 Ocala 843 Orlando 4,410
257 268 581 681 588 533 1,244 196 1,088 1,851 6,908 994 602 879 371 1,523 1,494 812 722 1,134
9% 19% 10% 10% 9% 7% 35% 6% 21% 17% 24% 27% 29% 20% 26% 29% 14% 11% 33% 18%
(2,800) (3,900) (9,300) (4,500) (4,600)
(1.6%) (4.2%) (4.9%) (2.2%)
8.5% 13.6% 9.8% 16.4%
$247,500 $385,000 $315,000 $150,000
36% 48% 40% 23%
0.0 0.5 1.0 0.0 0.0 1.3 0.4 0.3 2.3 0.1 1.3 0.6 0.8 0.1 0.0 0.0 0.0 0.6 5.8 0.6
(3.7%) 10.9% $182,000 23%
(13,900) (4.7%) 9.6% $350,000 38% (3,200) (1,500) (4,700) (8,700) (46,400) (300) 1,300 (1,200) (1,200) (2.8%) 17.7% $132,500 25% (3.7%) 19.5% $145,000 26% (2.8%) 6.3% $305,000 32% (3.4%) 8.6% $170,000 21% (3.7%) (0.2%) 2.0% (1.5%) (2.0%) 8.2% 6.8% 8.2% 8.7% 9.1% $195,000 $209,900 $160,190 $145,050 $84,779 23% 25% 25% 18% 15%
(13,300) (3.2%) 7.2% $367,201 35% (13,700) (2.5%) 7.8% $220,159 26% (5,500) (2.0%) 7.6% $231,464 30% (3,400) (5.2%) 7.7% $205,077 33%
(14,300) (4.1%) 8.2% $198,059 27%
10,490 28% 1,060 1,858 1,330 1,052 817 6,764 2,567 1,565 2,626 865 875 8,375 13% 10% 5% 28% 25% 27% 20% 16% 10% 11% 12% 23%
(19,500) (0.8%) 6.1% $261,588 24% (8,200) (4.8%) 10.4% $115,000 22%
0.0 0.8 2.2 0.0 0.0 1.6 3.5 2.1 0.0 3.4 0.7 1.6 1.8
(36,900) (4.7%) 8.5% $197,000 30% (22,000) (9.7%) 12.2% $90,000 14% (2,700) (2,800) (26,100) (10,700) (10,700) (50,000) (8,700) (5,600) (62,600) (3.2%) 7.0% $165,892 24% (2.1%) (4.1%) (5.0%) (5.0%) (4.7%) (6.6%) (5.3%) (5.7%) 6.2% 9.3% 10.5% 10.1% 7.8% 9.4% 12.2% 9.9% $156,433 $158,750 $115,000 $111,950 $193,000 $191,500 $110,000 $150,000 34% 25% 22% 19% 36% 27% 21% 24%
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Panama City 360 Pensacola 963 Port St. Lucie 665 Sarasota 1,453 Tallahassee 796 Tampa 4,416 West Palm 979 Beach (D) Georgia Albany 205 Athens 437 Atlanta 8,962 Augusta 1,719 Columbus 815 Dalton 182 Gainesville 286 Macon 521 Savannah 1,360 Valdosta 613 Warner Robins 627 Hawaii Honolulu 738 Idaho Boise City 1,868 Coeur D'Alene 641 Illinois Bloomington 269 Champaign393 Urbana Chicago (D) 4,698 Decatur 163 Lake-Kenosha 809 (D) Peoria 715 Rockford 329 Springfield 246 Indiana Bloomington 284 Elkhart-Goshen276 Evansville 557 Fort Wayne 734 Gary (D) 1,065 Indianapolis 3,999 Lafayette 486 Muncie 65 South Bend 344
650 1,051 904 1,797 1,047 9,366 1,599 262 487 13,735 1,785 1,067 259 610 587 1,800 733 953 1,417 2,317 714 449 901
12% 16% 8% 12% 24% 25% 7% 21% 21% 19% 33% 48% 24% 23% 31% 37% 50% 45% 29% 20% 27% 26% 41%
(3,100) (6,600) (8,000) (21,900) (4,700) (60,200)
(4.0%) (3.9%) (6.0%) (7.8%) (2.6%) (4.8%)
9.0% 9.2% 11.9% 10.9% 6.8% 10.4%
$165,480 $132,804 $120,000 $145,000 $136,808 $128,750
28% 23% 20% 24% 26% 23%
2.9 0.0 0.1 0.6 0.0 1.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 0.0 0.0 3.6 0.0 2.2 0.0 0.9 0.1 0.2 0.0 3.0 3.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
(26,500) (4.7%) 9.9% $206,000 30% (2,500) (3.9%) (1,400) (1.6%) (115,900) (4.7%) (3,100) (1.4%) (1,500) (1.2%) (6,500) (8.6%) (2,200) (2.8%) (2,400) (2.4%) (3,900) (2.4%) (500) (0.9%) (1,500) (2.6%) 8.2% 6.8% 9.1% 8.8% 8.4% 13.7% 8.7% 8.6% 7.5% 7.4% 6.8% $87,777 $131,756 $131,218 $110,809 $104,140 $94,901 $136,646 $93,856 $141,006 $103,976 $94,384 19% 26% 17% 19% 19% 18% 23% 18% 24% 23% 15%
(11,500) (2.5%) 5.8% $559,949 65% (18,400) (6.8%) 8.6% $155,808 22% 0 0.0% 8.6% $158,962 26% 400 2,200 0.4% 1.9% 6.3% $158,443 24% 6.9% $134,826 24%
10,494 24% 442 74% 899 879 436 553 548 426 804 979 1,268 6,605 592 69 792 14% 45% 17% 36% 45% 26% 37% 27% 27% 38% 32% 12% 40%
(142,700) (3.7%) 9.3% $185,000 25% (1,100) (2.0%) 9.8% $82,052 16% (8,900) (100) (4,200) (700) (900) (16,100) (5,800) (3,200) (6,000) (28,300) 100 (900) (3,200) (2.3%) 9.7% $234,705 26% (0.1%) 8.9% $117,369 19% (2.7%) 13.5% $110,347 18% (0.6%) 6.8% $102,919 17% (1.1%) (12.9%) (3.3%) (1.5%) (2.1%) (3.1%) 0.1% (1.7%) (2.3%) 7.1% 18.8% 9.1% 11.0% 10.5% 8.7% 8.7% 10.6% 11.5% $119,500 $104,333 $87,921 $87,820 $116,414 $104,022 $105,874 $73,107 $80,885 23% 17% 16% 15% 18% 15% 20% 16% 14%
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Terre Haute 139 Iowa Cedar Rapids 681 Davenport 395 Des Moines 1,624 Dubuque 208 Iowa City 612 Sioux City 138 Waterloo 337 Kansas Topeka 401 Wichita 1,635 Kentucky Bowling Green 320 Lexington 1,380 Louisville 2,242 Louisiana Alexandria 353 Baton Rouge 2,422 Houma 517 Lafayette 738 Lake Charles 834 Monroe 279 New Orleans 2,348 Shreveport 927 Maine Bangor 268 Portland 1,020 Maryland Baltimore 2,825 Bethesda (D) 1,452 Hagerstown 811 Salisbury 191 Massachusetts Barnstable 373 Town Boston (D) 1,024 Cambridge (D) 1,053 Michigan Ann Arbor 257 Battle Creek 41 Detroit (D) 474 Flint 134 Grand Rapids 895 Holland 426 Jackson 90
224 902 442 2,478 226 837 146 347 426 2,331 515 2,856 3,246 405 3,314 815 934 971 298 4,032 1,155 371 1,200 4,732 2,034 939 305 490 3,653 1,986 316 41 834 175 941 596 180
33% 44% 29% 39% 26% 49% 12% 41% 31% 51% 37% 56% 36% 43% 37% 68% 18% 65% 25% 30% 38% 37% 21% 24% 17% 23% 24% 10% 35% 27% 11% 7% 13% 5% 19% 22% 18%
(2,000) (1,200) (900) (2,900) (1,600) (700) (1,400) (1,000) 100 (1,000)
(2.8%) 10.9% $72,498 15% (0.9%) (0.5%) (0.9%) (2.9%) (0.8%) (1.9%) (1.1%) 5.4% 7.4% 5.2% 6.5% 3.6% 5.0% 5.2% $134,894 $98,281 $145,998 $109,269 $142,024 $84,042 $103,719 22% 17% 20% 18% 23% 15% 18%
0.0 2.7 0.8 0.2 0.0 0.0 0.0 2.5 0.5 1.5 0.1 1.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 0.0 0.5 5.7 3.0 0.0 0.0 0.0 1.2 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.6
0.1% 6.7% $104,700 17% (0.3%) 6.7% $117,011 19%
(2,400) (3.9%) 9.9% $105,581 21% (7,200) (2.8%) 8.1% $136,407 25% (18,300) (3.0%) 10.2% $122,287 23% (700) 1,400 1,500 (600) (1,200) (200) (1,100) (1,500) (1,300) (4,700) (32,400) 1,200 (2,400) (1,900) (2,100) (1.0%) 0.4% 1.5% (0.4%) (1.3%) (0.3%) (0.2%) (0.8%) 5.7% 5.2% 3.6% 4.1% 5.2% 6.1% 5.3% 6.4% $89,424 $155,586 $110,255 $124,206 $102,850 $98,956 $152,178 $138,501 17% 24% 17% 21% 17% 19% 23% 25%
(2.0%) 8.1% $116,622 21% (2.5%) 7.1% $204,645 28% (2.5%) 0.2% (2.4%) (3.4%) 7.4% 5.2% 9.9% 9.4% $235,278 $322,500 $165,198 $135,459 29% 29% 23% 24%
(2.3%) 10.3% $294,618 37%
(41,900) (2.5%) 6.8% $312,920 36% (62,900) (2.5%) 7.4% $340,279 34% (8,000) (3,400) (43,800) (6,000) (20,200) (7,400) (2,900) (4.1%) (5.8%) (5.7%) (4.2%) (5.2%) (6.6%) (5.1%) 7.9% 11.8% 14.9% 15.3% 11.3% 12.6% 13.4% $158,015 $80,458 $81,697 $80,559 $83,039 $129,494 $90,057 21% 14% 15% 15% 14% 18% 17%
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Kalamazoo 409 Lansing 244 Muskegon 159 Niles 184 Saginaw 131 Warren (D) 1,240 Minnesota Duluth 576 Minneapolis 3,876 Rochester 415 St. Cloud 356 Mississippi Gulfport-Biloxi 1,741 Hattiesburg 178 Jackson 1,631 Pascagoula 514 Missouri Columbia 472 Jefferson City 228 Joplin 186 Kansas City 2,165 Springfield 812 St. Joseph 94 St. Louis 4,113 Montana Billings 480 Missoula 274 Nebraska Lincoln 617 Omaha 3,026 Nevada Las Vegas 5,205 Reno 779 New Hampshire Manchester 381 New Jersey Atlantic City 617 Camden (D) 1,551 Edison (D) 2,584 Newark-Union 1,699 (D) Trenton 312 Vineland 298 New Mexico Albuquerque 1,668 Las Cruces 856
591 351 178 243 153 1,402 708 5,556 599 655 3,075 714 1,681 636 578 249 287 3,920 1,836 106 5,135 494 352 755 4,062
24% 11% 18% 30% 16% 7% 41% 20% 30% 33% 56% 63% 37% 36% 25% 22% 39% 21% 36% 25% 28% 34% 31% 28% 61%
(5,800) (7,000) (3,000) (2,700) (3,600) (91,500) (3,500) (64,500) (700) (2,100) (3,300) (1,100) (4,600) (1,300) (300) (1,300) (700) (11,600) (4,400) (1,400) (31,700) (3,300) (2,800) (1,700) (7,100)
(4.0%) (3.1%) (4.8%) (4.2%) (4.2%) (8.0%) (2.7%) (3.6%) (0.7%) (2.1%) (3.0%) (1.8%) (1.8%) (2.2%) (0.3%) (1.6%) (0.9%) (1.1%) (2.2%) (2.4%) (2.3%)
10.5% 10.6% 14.9% 12.4% 12.7% 13.4% 10.0% 8.4% 7.3% 9.8% 7.8% 6.9% 7.4% 8.4% 6.1% 7.9% 7.6% 8.2% 8.4% 8.5% 9.4%
$107,521 $80,503 $84,562 $113,925 $43,485 $142,944 $108,672 $155,200 $128,162 $127,641 $125,754 $92,422 $125,677 $102,866 $138,216 $103,454 $80,021 $133,530 $116,796 $84,790 $168,761
19% 13% 16% 21% 9% 18% 20% 19% 17% 20% 24% 20% 23% 18% 26% 18% 18% 19% 23% 16% 27%
0.0 0.0 0.0 0.9 0.0 0.0 4.4 0.0 0.0 0.4 0.6 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.8 0.0 4.6 0.0 0.9 0.0 0.0 0.0 0.0 0.0 3.8 2.6 5.4 3.6 3.3 3.3 2.2 0.0
(4.1%) 4.8% $127,554 20% (5.0%) 6.6% $172,803 30% (1.0%) 4.6% $130,349 20% (1.5%) 5.1% $128,277 18%
11,217 29% 1,807 29% 649 716 2,325 4,267 3,408 406 306 2,102 1,123 9% 18% 28% 18% 37% 11% 42% 24% 45%
(47,900) (5.2%) 10.4% $146,600 21% (16,100) (7.5%) 11.2% $199,000 28% (200) (0.2%) 6.5% $215,802 21%
(7,300) (5.0%) 11.6% $206,842 33% (21,200) (3.9%) 8.7% $193,619 26% (43,200) (4.2%) 8.2% $322,869 37% (27,600) (2.7%) 8.3% $352,503 43% (3,600) (1,200) (7,700) 0 (1.5%) 7.4% $249,150 32% (1.9%) 12.2% $143,849 26% (2.0%) 6.3% $206,250 32% 0.0% 6.1% $109,081 22%
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Santa Fe 120 New York Albany 1,162 Binghamton 265 Buffalo 947 Glens Falls 314 Ithaca 105 Kingston 260 Nassau (D) 1,541 New York (D) 1,890 Poughkeepsie 891 Rochester 1,340 Syracuse 843 Utica-Rome 240 North Carolina Asheville 1,476 Burlington 577 Charlotte 5,763 Durham 1,827 Fayetteville 1,400 Greensboro 1,681 Greenville 504 Hickory 775 Raleigh-Cary 5,352 Rocky Mount 310 Wilmington 2,208 Winston-Salem 1,136 North Dakota Bismarck 471 Fargo 840 Grand Forks 163 Ohio Akron 772 Canton 342 Cincinnati 2,987 Cleveland 2,011 Columbus 2,450 Dayton 935 Lima 125 Mansfield 77 Springfield 79 Toledo 610 Youngstown 334 Oklahoma Oklahoma City 3,272 Tulsa 2,603
120 1,935 265 1,543 355 130 512 2,265 35,975 1,766 1,807 1,007 268 2,502 581 10,234 2,255 1,990 2,763 1,070 795 9,555 314 2,611 1,325 669 1,258 323 897 416 3,599 2,354 4,046 1,075 134 103 109 1,034 479 3,609 3,337
9% 36% 20% 33% 22% 20% 36% 20% 87% 34% 35% 29% 20% 58% 29% 41% 35% 46% 43% 42% 33% 54% 31% 28% 30% 61% 45% 48% 22% 27% 23% 29% 24% 26% 27% 17% 16% 25% 25% 17% 27%
(1,100)
(1.7%) 5.2% $230,334 31% 7.3% 8.6% 9.2% 9.4% 5.7% 7.8% 7.3% 8.2% 7.8% 8.3% 8.5% 8.3% 9.4% 11.8% 11.4% 7.6% 9.1% 11.3% 10.5% 15.4% 8.6% 14.1% 10.2% 10.2% $189,499 $106,529 $105,199 $145,132 $155,770 $214,699 $346,847 $430,667 $221,575 $111,009 $112,448 $102,183 $171,511 $106,217 $145,000 $165,718 $102,382 $132,671 $103,582 $105,413 $200,000 $91,852 $189,997 $117,435 28% 20% 19% 27% 29% 33% 33% 63% 27% 19% 20% 21% 32% 20% 22% 27% 19% 24% 21% 20% 27% 18% 33% 20%
0.0 2.8 1.8 0.8 2.3 2.5 2.7 3.1 3.8 0.9 0.7 1.4 1.7 2.5 0.0 1.0 0.6 0.0 0.0 0.0 0.0 1.9 0.0 1.8 0.0 3.0 0.0 0.0 0.8 0.1 0.0 0.1 0.8 0.2 0.0 0.0 0.0 0.2 0.0 0.0 0.0
(7,300) (1.6%) (2,000) (1.8%) (11,100) (2.0%) (300) (0.6%) (100) (0.2%) (1,400) (2.2%) (27,900) (2.2%) (121,000) (2.3%) (3,500) (1.4%) (2,200) (0.4%) (2,400) (0.7%) (400) (0.3%) (9,200) (3,300) (53,100) (5,800) (2,700) (23,800) (3,000) (13,400) (18,600) (4,100) (6,400) (8,000) 400 (700) 0 (11,200) (3,900) (28,100) (39,300) (14,400) (12,400) (900) (1,500) (600) (17,800) (9,800) (2,500) (4,100) (5.2%) (5.4%) (6.1%) (2.0%) (2.1%) (6.4%) (3.8%) (8.3%) (3.6%) (6.2%) (4.4%) (3.6%)
0.7% 4.7% $155,511 20% (0.6%) 5.1% $136,671 20% 0.0% 5.5% $118,533 19% (3.3%) (2.3%) (2.7%) (3.7%) (1.5%) (3.1%) (1.7%) (2.7%) (1.1%) (5.6%) (4.2%) 9.8% 11.0% 9.0% 8.7% 8.1% 11.1% 12.2% 13.3% 10.4% 12.1% 12.8% $98,700 $86,649 $105,000 $93,912 $126,700 $94,091 $87,986 $86,861 $90,191 $80,966 $63,212 16% 15% 15% 14% 18% 15% 14% 16% 15% 13% 11%
(0.4%) 5.6% $123,731 18% (0.9%) 6.3% $130,167 19%
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Oregon Bend Eugene Medford Portland Salem Pennsylvania Allentown Altoona Erie Harrisburg Johnstown Lancaster Philadelphia (D) Pittsburgh Reading Scranton State College Williamsport York Rhode Island Providence South Carolina Anderson Charleston Columbia Florence Greenville Myrtle Beach Spartanburg South Dakota Rapid City Sioux Falls Tennessee Chattanooga Clarksville Jackson Johnson City Kingsport Knoxville Memphis Nashville Texas Abilene Amarillo
578 517 340 3,553 531 1,362 148 239 1,272 98 1,079 3,855 3,053 519 605 350 96 1,145 1,248 448 3,143 2,949 405 1,962 1,555 868 403 873 1,162 1,039 283 533 534 1,738 1,908 4,821 183 444
653 623 416 6,021 694 1,578 164 412 1,487 247 1,425 5,109 3,406 565 643 435 168 1,221 1,475 539 4,334 4,108 576 2,343 2,509 868 421 1,824 1,345 1,302 339 606 624 2,343 2,856 7,248 183 702
15% 23% 20% 30% 21% 29% 33% 41% 40% 66% 39% 29% 48% 26% 30% 39% 32% 39% 13% 28% 40% 51% 44% 42% 21% 31% 31% 72% 35% 41% 30% 42% 41% 36% 26% 40% 9% 19%
(2,600) (9,300) (3,300) (43,700) (4,000) (7,900) (1,700) (2,300) (8,200) (1,600) (6,800)
(3.8%) (5.9%) (4.1%) (4.2%) (2.6%) (2.3%) (2.8%) (1.7%) (2.5%) (2.6%) (2.9%)
17.0% 14.1% 14.8% 11.8% 12.4% 8.7% 7.7% 8.8% 7.2% 8.9% 7.3%
$187,501 $197,437 $171,708 $240,000 $177,602 $230,344 $98,175 $93,826 $147,219 $79,720 $167,803
26% 34% 30% 33% 28% 33% 18% 18% 22% 18% 24%
1.1 4.6 1.3 5.1 4.6 5.3 0.0 0.0 2.0 0.8 2.3 3.2 0.0 3.6 2.2 2.8 1.4 2.3 0.0 0.0 1.4 0.2 0.0 2.5 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 3.4 2.1
(41,700) (2.2%) 7.8% $204,325 28% (20,200) (5,600) (6,600) (1,100) (2,100) (4,200) (1.8%) (3.2%) (2.5%) (1.5%) (3.9%) (2.3%) 7.6% 8.8% 9.2% 5.8% 9.4% 8.1% $114,716 $152,738 $123,166 $162,354 $111,324 $160,345 20% 23% 23% 30% 22% 23%
(24,300) (4.3%) 11.4% $209,207 30% (2,600) (9,200) (4,800) (1,700) (8,800) (7,900) (5,700) (300) (700) (6,300) (3,400) (2,100) (2,900) (4,100) (11,300) (13,900) (27,500) 0 (500) (4.0%) (3.1%) (1.3%) (1.9%) (2.7%) (6.4%) (4.4%) 11.9% 9.1% 8.8% 12.0% 9.8% 12.8% 11.6% $101,150 $193,000 $125,000 $117,742 $135,000 $173,398 $121,055 17% 29% 19% 21% 23% 29% 21%
(0.5%) 5.3% $121,209 19% (0.5%) 5.1% $141,866 19% (2.5%) (4.0%) (3.4%) (3.5%) (3.3%) (3.4%) (2.2%) (3.6%) 9.1% 9.8% 9.8% 9.0% 8.9% 8.2% 9.1% 8.8% $123,379 $98,658 $87,318 $110,902 $112,020 $138,292 $102,652 $139,000 23% 18% 19% 25% 25% 25% 19% 22%
0.0% 5.2% $106,400 20% (0.4%) 4.4% $121,200 21%
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Austin 6,722 Beaumont 1,082 Brownsville 905 College Station 787 Corpus Christi 1,076 Dallas (D) 10,566 El Paso 2,711 Fort Worth (D) 6,357 Houston 24,556 Killeen 1,700 Laredo 652 Longview 195 Lubbock 939 McAllen 2,936 Midland 415 Odessa 206 San Antonio 5,609 Texarkana 292 Tyler 225 Waco 421 Wichita Falls 159 Utah Ogden1,308 Clearfield Provo-Orem 963 Salt Lake City 1,608 St. George 590 Virginia Charlottesville 710 Harrisonburg 551 Lynchburg 819 Richmond 3,255 Roanoke 565 Virginia Beach 2,848 Winchester 373 Washington Bellingham 489 Bremerton 592 Kennewick 961 Olympia 1,107 Seattle (D) 4,042 Spokane 1,032 Tacoma (D) 1,528 Yakima 553 West Virginia Charleston 321
9,453 2,045 1,164 2,031 1,110 23,032 3,531 8,944 37,763 2,062 1,078 218 967 3,299 415 668 8,909 328 313 699 161 1,710 1,153 4,621 631 812 1,028 831 3,865 565 4,862 373 535 647 1,003 1,257 10,891 2,072 2,173 696 600
36% 76% 30% 57% 18% 31% 55% 23% 50% 45% 45% 14% 23% 35% 11% 32% 40% 39% 11% 23% 18% 33% 18% 37% 16% 31% 79% 45% 34% 29% 21% 21% 21% 25% 31% 39% 39% 47% 32% 57% 71%
3,300 (4,000) (2,600) (1,400) (2,300) (35,400) (2,300) (3,400) (14,400) 2,300 600 (700) 100 300 1,600 2,100 (1,500) 0 800 (100) (1,600) (5,300)
0.4% (2.4%) (2.0%) (1.5%) (1.3%) (1.7%) (0.8%) (0.4%) (0.6%) 1.8% 0.7% (0.7%) 0.1% 0.1% 2.3% 3.4% (0.2%) 0.0% 0.8% (0.1%) (2.6%)
6.2% 8.8% 9.1% 4.8% 6.2% 7.1% 8.2% 6.8% 6.5% 5.9% 7.5% 6.2% 4.4% 9.5% 4.3% 6.2% 5.9% 5.5% 6.7% 6.0% 6.6%
$179,400 $137,400 $83,300 $151,200 $122,200 $148,600 $133,500 $107,800 $145,000 $117,947 $88,254 $119,400 $108,600 $94,700 $128,217 $138,000 $144,300 $77,205 $126,800 $98,800 $89,500
25% 24% 21% 30% 24% 20% 30% 15% 21% 20% 20% 22% 21% 23% 21% 25% 24% 14% 22% 20% 18%
1.8 4.7 3.6 2.8 2.3 0.9 4.3 0.5 1.5 1.8 0.0 2.6 0.0 0.2 2.6 3.8 2.9 0.0 1.2 0.3 0.0 1.3 1.6 5.4 0.0 0.6 2.1 0.0 3.1 0.0 3.5 0.0 3.2 4.0 2.5 5.5 4.7 3.9 3.1 0.0 0.0
(2.6%) 5.5% $145,319 22%
(6,800) (3.6%) 5.1% $164,003 27% (17,000) (2.6%) 5.2% $208,605 33% (2,600) (5.0%) 7.1% $158,541 30% (2,500) (1,400) 200 (21,900) (3,100) (6,800) (2,600) (2,400) (4,400) 200 0 (55,200) (6,100) (6,400) (3,000) (800) (2.4%) (2.2%) 0.2% (3.5%) (1.9%) (0.9%) (4.6%) (2.8%) (5.1%) 0.2% 0.0% (3.8%) (2.8%) (2.3%) (3.8%) 5.7% 6.4% 7.6% 7.8% 7.3% 6.9% 8.7% 8.8% 8.5% 8.8% 8.3% 8.4% 10.4% 10.4% 10.4% $215,429 $172,783 $136,251 $200,000 $141,316 $205,921 $143,540 $222,191 $240,000 $160,227 $237,750 $339,950 $162,500 $230,000 $134,175 31% 30% 25% 30% 24% 30% 22% 36% 30% 23% 31% 39% 27% 30% 23%
(0.5%) 6.5% $124,522 22%
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Huntington Morgantown Parkersburg Wheeling Wisconsin Appleton Eau Claire Green Bay Janesville La Crosse Madison Milwaukee OshkoshNeenah Racine Sheboygan Wausau Wyoming Cheyenne
101 34 131 36 475 314 540 235 289 739 1,105 387 255 96 238 155
153 162 191 36 663 441 824 256 356 1,705 2,092 507 404 167 514 181
24% 61% 44% 12% 30% 31% 27% 20% 42% 28% 24% 35% 32% 23% 37% 21%
(1,100) 700 (400) (600) (3,000) (2,100) (3,700) (4,100) (1,900) (8,300) (35,800) (1,000) (2,400) (2,000) (2,500) (100)
(0.9%) 1.1% (0.6%) (0.9%) (2.6%) (2.5%) (2.2%) (6.0%) (2.5%) (2.4%) (4.2%)
7.7% 4.8% 9.1% 8.5% 9.3% 8.7% 9.2% 13.5% 7.4% 6.4% 9.0%
$84,234 $118,979 $84,879 $76,135 $124,359 $113,058 $143,519 $111,882 $118,304 $219,715 $193,204
18% 22% 15% 14% 18% 20% 23% 19% 21% 31% 30%
0.0 0.0 0.0 0.0 1.5 1.6 2.5 1.5 0.6 4.0 3.8 0.0 2.8 2.6 1.1 0.0
(1.1%) 8.4% $112,407 18% (3.0%) 10.7% $141,868 22% (3.2%) 9.9% $125,116 21% (3.5%) 9.4% $117,859 18% (0.2%) 5.5% $118,858 17%
* The government defines metro areas and includes metro divisions within some areas. In these instances, we report at the more detailed division level, because that is what most of our clients use for decision making. For example, we report on the Los Angeles and Orange County divisions separately, rather than the Los Angeles MSA, which includes both Los Angeles and Orange counties. We also use the more colloquial names used by business people, so we refer to the "Santa AnaAnaheim-Irvine" division as "Orange County." For the government definitions, visit: http://www.census.gov/population/www/metroareas/lists/2007/List1.txt
About John Burns Real Estate Consulting This May 2009 real estate stats report is as provided by our friends at John Burns Consulting.
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