Monthly Indicators 0.0% + 7.9% %

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1 Monthly Indicators 2018 Residential real estate activity comprised of single-family properties, townhomes and condominiums combined. Percent changes are calculated using rounded figures. Activity Snapshot 0.0% + 7.9% % One-Year Change in One-Year Change in One-Year Change in Closed Sales Median Sales Price Homes for Sale Based on residential market activity in the cities of St. Cloud, St. Joseph, Sartell, Sauk Rapids and Waite Park. Activity Overview New Listings Pending Sales Closed Sales Days on Market Until Sale Median Sales Price Average Sales Price Percent of Original List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory Area Overview Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime.

2 Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars Percent Change YTD 2017 YTD 2018 Percent Change New Listings % 2,110 2, % Pending Sales % 1,619 1, % Closed Sales % 1,577 1, % Days on Market % % Median Sales Price $164,950 $178, % $170,000 $176, % Avg. Sales Price $188,047 $191, % $187,424 $194, % Pct. of Orig. Price Received 95.9% 96.8% + 0.9% 96.7% 97.4% + 0.7% Affordability Index % % Homes for Sale % Months Supply % Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 2

3 New Listings A count of the properties that have been newly listed on the market in a given month , % - 4.9% % -6.6% + 4.0% 2,110 2, % New Listings November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical New Listings by Month Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 3

4 Pending Sales A count of the properties on which offers have been accepted in a given month ,606 1,619 1, % + 5.9% % % + 0.8% + 1.7% Pending Sales November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical Pending Sales by Month Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 4

5 Closed Sales A count of the actual sales that closed in a given month ,571 1, % + 8.1% 0.0% % + 0.4% 1, % Closed Sales November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical Closed Sales by Month Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 5

6 Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month % - 3.4% % % % % Days on Market November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical Days on Market Until Sale by Month Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 6

7 Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. $160,000 $164,950 $178,000 $160,000 $170, % + 3.1% + 7.9% + 2.6% + 6.3% $176, % Median Sales Price November 2017 $161,700 $167, % December 2017 $151,000 $160, % January 2018 $144,750 $156, % February 2018 $145,950 $149, % March 2018 $169,900 $168, % April 2018 $170,250 $165, % May 2018 $179,000 $177, % June 2018 $189,450 $177, % July 2018 $182,000 $172, % August 2018 $190,000 $172, % September 2018 $179,500 $171, % 2018 $178,000 $164, % 12-Month Avg $170,125 $166, % Historical Median Sales Price by Month $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 7

8 Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month. $184,133 $188,047 $191,226 $174,978 $187, % + 2.1% + 1.7% + 2.5% + 7.1% $194, % Avg. Sales Price November 2017 $174,194 $183, % December 2017 $165,139 $184, % January 2018 $159,733 $180, % February 2018 $169,249 $165, % March 2018 $186,924 $178, % April 2018 $190,628 $183, % May 2018 $195,032 $195, % June 2018 $210,799 $194, % July 2018 $205,476 $184, % August 2018 $205,396 $188, % September 2018 $192,116 $192, % 2018 $191,226 $188, % 12-Month Avg $187,159 $184, % Historical Average Sales Price by Month $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 8

9 Percent of Original List Price Received Percentage found when dividing a property s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 95.0% 95.9% 96.8% 95.4% 96.7% 97.4% + 1.3% + 0.9% + 0.9% + 0.7% + 1.4% + 0.7% Pct. of Orig. Price Received November % 94.4% +1.1% December % 93.9% +0.3% January % 95.0% -0.5% February % 93.1% +1.8% March % 96.3% +0.3% April % 96.8% +0.8% May % 97.8% +0.1% June % 98.3% +0.7% July % 97.6% +1.1% August % 96.1% +1.0% September % 95.9% +2.1% % 95.9% +0.9% 12-Month Avg 96.7% 95.9% +0.8% Historical Percent of Original List Price Received by Month 100% 98% 96% 94% 92% 90% 88% 86% Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 9

10 Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability % - 7.6% % -0.4% % % Affordability Index November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical Housing Affordability Index by Month Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 10

11 Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month % - 1.6% % Homes for Sale November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical Inventory of Homes for Sale by Month 1,400 1,200 1, Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 11

12 Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months % -2.6% % Months Supply November % December % January % February % March % April % May % June % July % August % September % % 12-Month Avg % Historical Months Supply of Inventory by Month Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 12

13 Area Overview New Listings, Closed Sales, and Median Sales Price are based on year-to-date (YTD) figures. Homes for Sale and Months Supply are based on monthly figures. New Listings Closed Sales Median Sales Price Homes for Sale Months Supply YTD 2017 YTD / YTD 2017 YTD / YTD 2017 YTD / / / Albany % % $149,000 $177, % % % Avon % % $203,500 $199, % % % Clearwater % % $182,500 $214, % % % Cold Spring % % $206,500 $219, % % % Eden Lake Twp % % $216,500 $219, % % % Eden Valley % % $140,000 $146, % % % Fair Haven Twp % % $179,000 $309, % % % Foley % % $167,350 $175, % % % Freeport % % $181,000 $181, % % % Holdingford % % $214,900 $155, % % % Kimball % % $192,100 $184, % % % Maine Prairie Twp % % $175,000 $ % % % Melrose % % $149,000 $149, % % % Paynesville % % $135,500 $149, % % % Rice % % $191,500 $206, % % % Richmond % % $202,500 $240, % % % Rockville % % $211,500 $207, % % % Sartell % % $216,900 $234, % % % Sauk Centre % % $154,000 $192, % % % Sauk Rapids % % $179,900 $191, % % % Saint Cloud 1,256 1, % % $150,000 $153, % % % Saint Joseph % % $177,000 $193, % % % Saint Augusta % % $196,900 $228, % % % Waite Park % % $157,000 $153, % % % Wakefield Twp % % $260,750 $282, % % % Current as of November 9, All data from NorthstarMLS. Provided by the Minnesota Association of REALTORS. Report 2018 ShowingTime. 13