As of January 1, there were 976 active listings in our market area and 221 sales pending with an average price of $121,915. 2592 properties were sold and closed in 2011, of which 481 were foreclosures and 24 were short sales. The current absorption rate is 5.0 months, with an average days on the market of 81. 4489 listings were input during 2011.

*Market Area includes Shawnee, Douglas, Jackson, Jefferson, Osage, Pottawatomie and Wabaunsee Counties

As of 10-31-11, there were 1226 active (for sale) properties listed on the market, with an average list price of $142,193. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of October 2011 were 4045,compared to 4324 for the same period in 2010 and 4112 in 2009.

The absorption rate for the current inventory of single family units is 7.0 months, compared to 8.0 months in 2010. In 2009, we were at 4.7 months, and in 2008 we were at 5.7 months.  Average days on the market (DOM) for sold units was 80 for 2011 at the end of October compared to 76 in 2010, 70 in 2009 and 71 in 2008. As of October 31, there were 259 sales pending (sold, but not yet closed), with an average LIST price of $132,972. (This would be the LIST price at the time the property went from an “active” to “pending” status and would not account for any price reductions, etc. The actual sold price is not available until after the transaction closes).

YTD through October, 2011, 600 closed sales were reported as foreclosure properties, 19 short sales (lender agrees to take less than seller owes) and 19 non-arms length (non traditional) transactions. All these make the YTD total distressed sales as 638, or 26% of total sales.

July solds (transactions actually closed) were down by 14 units, or about 6% vs June. Year to date (YTD) through July for 2011 had 1340 units sold, up 31 units or about 2% from the same period last year. (There were 1318 during this period in 2010, 1117 in 2009, and 1370 in 2008.)

As of 07-31-11, there were 1423 active (for sale) properties listed on the market, with an average list price of $143,900.

Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of July 2011 were 2994,compared to 3125 for the same period in 2775 and 3127 in 2009.

The absorption rate for the current inventory of single family units is 6.0 months, compared to 6.5 months in 2010. In 2009, we were at 4.3 months, and in 2008 we were at 4.1 months.

Average days on the market (DOM) for sold units was 75 for 2011 at the end of July compared to 76 in 2010, 66 in 2009 and 66 in 2008. As of July 31, there were 355 sales pending (sold, but not yet closed), with an average LIST price of $126,297. (This would be the LIST price at the time the property went from an “active” to “pending” status and would not account for any price reductions, etc. The actual sold price is not available until after the transaction closes).

YTD through July, 2011, 313 closed sales were reported as foreclosure properties, 13 short sales (lender agrees to take less than seller owes) and 14 non-arms length (non traditional) transactions.

June solds (transactions actually closed) were down by 7 units, or about 3% vs May. Year to date (YTD) through June for 2011 had 1124 units sold, down 194 units or about 14.7% from the same period last year. (There were 1117 during this period in 2009, and 1370 in 2008.)

As of 06-30-11, there were 1427 active (for sale) properties listed on the market, with an average list price of $146,105. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of June 2011 were 2574, compared to 2646 for the same period in 2010 and 2361 in 2009.

The absorption rate for the current inventory of single family units is 5.8 months, compared to 4.7 months in 2010. In 2009, we were at 4.7 months, and in 2008 we were at 4.8 months.

Average days on the market (DOM) for sold units was 81 for 2011 at the end of June compared to 76 in 2010, 76 in 2009 and 76 in 2008. As of June 30, there were 306 sales pending (sold, but not yet closed), with an average LIST price of $128,530. (This would be the LIST price at the time the property went from an “active” to “pending” status and would not account for any price reductions, etc. The actual sold price is not available until after the transaction closes).

YTD through June, 2011, 280 closed sales were reported as foreclosure properties, 10 short sales (lender agrees to take less than seller owes) and 8 non-arms length (non traditional) transactions.

As of 05-31-11, there were 1417 active (for sale) properties listed on the market, with an average list price of $145,415. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of May 2011 were 2012, compared to 2212 for the same period in 2010 and 1899 in 2009.

The absorption rate for the current inventory of single family units is 5.4 months, compared to 4.6 months in 2010. In 2009, we were at 5.4 months, and in 2008 we were at 5.0 months.

Average days on the market (DOM) for sold units was 81 for 2011 at the end of May compared to 75 in 2010, 79 in 2009 and 76 in 2008. As of May 31, there were 366 sales pending (sold, but not yet closed).

YTD through May, 2011, 226 closed sales were reported as foreclosure properties, 7 short sales (lender agrees to take less than seller owes) and 6 non-arms length (non traditional) transactions.

April solds (transactions actually closed) were up by 35 units, or about 16% vs March.  Year to date (YTD) through April for 2011 had 717 units sold, down 57 units or about 7% from the same period last year. (There were 634 during this period in 2009, and 832 in 2008.) This is undoubtedly attributable mostly to the $8000 & $6500 tax credits that were available last year.

As of 04-30-11, there were 1366 active (for sale) properties listed on the market, with an average list price of $143,403.  Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of April 2011 were 1658, compared to 1860 for the same period in 2010 and 1478 in 2009.

The absorption rate for the current inventory of single family units is 5.8 months, compared to 4.9 months in 2010. In 2009, we were at 6.5 months, and in 2008 we were at 5.2 months.

Average days on the market (DOM) for sold units was 85 for 2011 at the end of April compared to 81 in 2010, 81 in 2009 and 78 in 2008. As of April 30, there were 370 sales pending (sold, but not yet closed).

YTD through April, 2011, 250 closed sales were reported as foreclosure properties, 6 short sales (lender agrees to take less than seller owes) and 6 non-arms length (non traditional) transactions.

Year to date (YTD) through March for 2011 had 469 units sold, down 6 units or about 1% from the same period last year. (There were 445 during this period in 2009, and 571 in 2008.)

As of 03-31-11, there were 1305 active (for sale) properties listed on the market, with an average list price of $141,792. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of March 2011 were 1170, compared to 1270 for the same period in 2010 and 1045 in 2009.

The absorption rate for the current inventory of single family units is 6.6 months, compared to 5.8 months in 2010. In 2009, we were at 5.6 months, and in 2008 we were at 5.9 months.

Average days on the market (DOM) for sold units was 88 for 2011 at the end of March compared to 84 in 2010, 76 in 2009 and 77 in 2008. As of March 31, 2011, there were 343 sales pending (sold, but not yet closed).

YTD through March, 111 closed sales were reported as foreclosure properties, 6 short sales (lender agrees to take less than seller owes) and 3 non-arms length (non traditional) transactions.

February solds (transactions actually closed) were up by 33 units, or about 30% vs January.  This is very common at this time of year, as more buyers enter the market place, and some sellers still think it might not yet be time to put their home on the market.  I do feel the activity picking up and the energy rising – in my own business, through the office, and through my colleagues throughout the city.

Year to date (YTD) through February for 2011 had 253 units sold, up 17 units or about 7% from the same period last year. (There were 236 during this period in 2010, and 238 in 2009.)

As of 02-28-11, there were 1346 active (for sale) properties listed on the market, with an average list price of $135,879. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of February 2011 were 690, compared to 703 for the same period in 2010 and 672 in 2009.

The absorption rate for the current inventory of single family units is 9.4 months, compared to 9.1 months in 2010. In 2009, we were at 7.3 months, and in 2008 we were at 5.7 months.

Average days on the market (DOM) for sold units was 83 for 2011 at the end of February compared to 73 in 2010, 83 in 2009 and 83 in 2008. As of February 28, 2011, there were 238 sales pending (sold, but not yet closed).

YTD through February, 83 closed sales were reported as foreclosure properties, 2 short sales (lender agrees to take less than seller owes) and 3 non-arms length (non traditional) transactions.

The numbers are in for January, and my analysis is in line with the top economists that I follow – we’re on the road to a slow….but SURE….housing stablization in Topeka. When you look at these numbers, remember what kind of weather we had in January!

Year to date (YTD) through January for 2011 had 110 units sold, up 16 units or about 17% from the same period last year. (There were 94 during this period in 2010, and 84 in 2009.) The average sale price of the solds (YTD) was $107,957 compared to $109,051 in 2010.

As of 01-31-11, there were 1362 active (for sale) properties listed on the market, with an average list price of $134,001. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of January 2011 were 366, compared to 352 for the same period in 2010 and 342 in 2009.

The absorption rate for the current inventory of single family units is 12.4 months, compared to 13.7 months in 2010. In 2009, we were at 13.9 months, and in 2008 we were at 9.3 months.

Average days on the market (DOM) for sold units was 94 for 2011 at the end of January compared to 62 in 2010, 89 in 2009 and 94 in 2008. As of January 31, 2011, there were 223 sales pending (sold, but not yet closed).

YTD through January, 32 closed sales were reported as foreclosure properties, 1 short sale (lender agrees to take less than seller owes) and 2 non-arms length (non traditional) transactions.

December solds (transactions actually closed) were down by 6 units, or about 3-1/2% vs November. Year to date (YTD) through December for 2010 had 2535 units sold, down 82 units or about 3% from the same period last year. (There were 2769 during this period in 2008, and 3353 in 2007.) There were 163 units sold (MLS-Wide) in December 2010, compared to 158 in Decemberof 2009. The average sale price of the solds (YTD) was $135,932 compared to $139,808 in 2009.

As of 12-31-10, there were 1259 active (for sale) properties listed on the market, with an average list price of $135,932. Total listings input (includes currently active, sold, pending, expired & withdrawn) as of the end of December 2010 were 5632, compared to 5561 for the same period in 2009 and 5862 in 2008.

The absorption rate for the current inventory of single family units is 7.4 months, compared to 7.1 months in 2009. In 2008, we were at 7.7 months, and in 2007 we were at 5.7 months.

Average days on the market (DOM) for sold units was 78 for 2010 at the end of December compared to 71 in 2009, 72 in 2008 and 64 in 2007. As of December 31, 2010, there were 173 sales pending (sold, but not yet closed).

YTD through December, 351 closed sales were reported as foreclosure properties, 29 short sales (lender agrees to take less than seller owes) and 18 non-arms length (non traditional) transactions.