Sales Demand

Includes Active Adult

Typically, a five-year moving average of all types of construction (as reported by building permits) corresponds closely to a five-year moving average for overall housing demand (defined as household change plus replacement requirements).

The five-year moving average allows sufficient time for adjustment to prices and rents, and tenure shifts (owner versus renter). On a year-to-year basis, it is important to note the difference between incremental demand required to maintain a balanced housing market, and the expected turnover in the market (which includes the incremental change).

YOUR Primary Market Area

As of any date through 2015

 

 

SALES PRICE IN

CURRENT DOLLARS

Annual Incremental

Demand

Annual  Turnover Demand

(includes change in incremental demand)

$150,000 + 336 2,352
$200,000 + 164 1,148
$250,000 + 54 378
$300,000 + 28 196
$350,000 + 10 70

 

Source: Estimated by URBEK®.

Note: Sales demand includes all structure types.

Get Our Take