Market Insight Changes

  Week of         8/28 – 9/2 September    1-8 September             1-15 September                    1-22
Inspections waived 27% 19% 26% 22%
Pre-MLS sales 3% 2% 4% 5%
Financing:
Cash 17% 18% 21% 22%
Conventional 68% 67% 58% 62%
FHA 10% 13% 19% 13%
DVA 3% 2% 2% 2%
Average Purchase to List 99.4%
Median purchase to list 100%
Seller Contributions: 36% 46% 31% 27%
Home Warranties: 7% 10% 7% 6%
Contingent on buyers’ home: 12% 6% 3% 4%
Escalation Clause 7% 5% 4% 5%
Appraisal Gap: 16% 9% 9% 9%
Cancelation Rate 4% 5% 13% 11%

Notice the increasing trend in two types of financing: 1) Cash and 2) Conventional.

Two new categories: 1) Average purchase to list price, and 2) Median purchase to list price.

The cancelation rate has increased since September 1st.

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