Jan. Real Estate Stats

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Local Market Update – January 2018

This is a research tool provided by Realcomp.

Wayne County
Residential January Year to Date
Key Metrics 2017 2018 % Change Thru 1-2017 Thru 1-2018 % Change
New Listings 1,875 1,778 - 5.2% 1,875 1,778 - 5.2%
Pending Sales 1,262 1,436 + 13.8% 1,262 1,436 + 13.8%
Closed Sales 1,215 1,222 + 0.6% 1,215 1,222 + 0.6%
Days on Market Until Sale 47 41 - 12.8% 47 41 - 12.8%
Median Sales Price* $102,000 $116,000 + 13.7% $102,000 $116,000 + 13.7%
Average Sales Price* $132,244 $147,612 + 11.6% $132,244 $147,612 + 11.6%
Percent of List Price Received* 95.9% 95.8% - 0.1% 95.9% 95.8% - 0.1%
Inventory of Homes for Sale 4,748 3,566 - 24.9% –– –– ––
Months Supply of Inventory 3.2 2.2 - 31.3% –– –– ––

Condo January Year to Date


Key Metrics 2017 2018 % Change Thru 1-2017 Thru 1-2018 % Change
New Listings 192 200 + 4.2% 192 200 + 4.2%
Pending Sales 174 189 + 8.6% 174 189 + 8.6%
Closed Sales 127 153 + 20.5% 127 153 + 20.5%
Days on Market Until Sale 43 54 + 25.6% 43 54 + 25.6%
Median Sales Price* $142,500 $152,000 + 6.7% $142,500 $152,000 + 6.7%
Average Sales Price* $172,017 $179,574 + 4.4% $172,017 $179,574 + 4.4%
Percent of List Price Received* 95.9% 97.0% + 1.1% 95.9% 97.0% + 1.1%
Inventory of Homes for Sale 385 274 - 28.8% –– –– ––
Months Supply of Inventory 2.0 1.4 - 30.0% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Residential Median Sales Price - Condo


Rolling 12-Month Calculation All MLS Rolling 12-Month Calculation All MLS
Wayne County Wayne County
$175,000 $160,000

$150,000
$140,000

$125,000
$120,000

$100,000
$100,000
$75,000

$80,000
$50,000

$60,000
$25,000

$0 $40,000
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of February 1, 2018. All data from Realcomp II Ltd. Report © 2018 ShowingTime.