Market Update For March 2015

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1. March 2015 Association of Realtors Report:  Click here.

a)

--Good Market Vs Bad Market: I believe that Real Estate is often reactionary. A hot market and a cold market happen suddenly. More precisely, it goes from one to the other quickly.  The numbers above are a stark improvement to the upside. It is an encouraging sign. Will it continue? I believe so.

b) Listings have decreased

c) Under Contract homes -- They were the Super Star statistic of the month

d) Average Sale price of homes are up 5% year over year

Broken down by school district:

3 Decliners in Average Sale Price: Catasaqua, Salisbury and Wilson.

-Thoughts: These three school Districts have a smaller sample size so their declines in average sales price is likley due to chance rather than a momentum issue.

3 Risers: Allentown, Parkland and Northampton (up 33%)



e) Lender Mediated activity: 9.8% of homes on the market are lender Mediated

Please use Realty Trac.com to see more information on Foreclosure rates.

2. Zillow Report: This report is from February -- Zillow is a bit more cautious on optimism than the Realtor report. I like the Zillow report primarily for its Negative Equity Indicator and its "change from the peak" metric. Click here for the report.