Patterson Real Estate Market Trends March 2016

Number of Homes For Sale vs. Sold vs. Pended vs. New Listing (Jan. 2015 - Mar. 2016)

March 2016 is a Seller's market** Home For Sale in March 2016 is 46 units. It is up 15% compared to the last month and down 36.1% compared to the last year. Home Listed in March 2016 is 36 units. It is up 16.1% compared to the last month and down 36.8% compared to the last year. Home Closed in March 2016 is 30 units. It is up 36.4% compared to the last month and up 3.4% compared to the last year. Home Placed under Contract in March 2016 is 40 units. It is up 42.9% compared to the last month and up 17.6% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Average Price per SQFT (Sold) (Jan. 2015 - Mar. 2016)

March 2016 Average Sold Price per Square Footage is Appreciating** Average Sold Price per Square Footage in March 2016 is $148. It is up 7.2% compared to the last month and up 13.8% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.

Avg CDOM & SP/Orig LP % (Jan. 2015 - Mar. 2016)

March 2016 Average Continuous Days on Market trend Remains Steady** Continuous Days on Market in March 2016 is 57. It is up 14% compared to the last month and down 27.8% compared to the last year. March 2016 Sold/Original List Price Ratio is Falling** Sold/Original List Price % in March 2016 is 90%. It is down 8.2% compared to the last month and down 7.2% compared to the last year. **Based on 6 month trend - Rising/Falling/Remains Steady.

*All reports are published April 2016, based on data available at the end of March 2016, except for the today stats. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.