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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Movano Inc | NASDAQ:MOVE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0246 | -4.80% | 0.488 | 0.4698 | 0.488 | 0.5108 | 0.4711 | 0.5098 | 36,069 | 18:55:15 |
SAN JOSE, Calif., Oct. 20, 2014 /PRNewswire/ -- As real estate enters the seasonally slower fall, properties in 12 major metro areas are still selling quickly, less than two months on the market, according to the realtor.com® September National Housing Trend Report released today. These markets also demonstrate strength in standard economic indicators and share unexpected commonalities, including large populations of engineers and baby boomers. The 12 markets include: Oakland, CA; San Jose, CA; San Francisco, CA; Denver, CO; Washington, DC-MD-VA-WV(DC); Seattle-Bellevue-Everett, WA; Houston, TX; Los Angeles-Long Beach, CA; Austin-San Marcos, TX; Omaha, NE-IA(NE); San Diego, CA; and Melbourne-Titusville-Palm Bay, FL. Move, Inc. (NASDAQ: MOVE) operates realtor.com®.
"When we see homes moving quickly in a particular market, we expect the trend to be supported by signs of local health like growth in economic production and employment," said Jonathan Smoke, chief economist for realtor.com®. "This month, we also observed more out of the ordinary trends including high proportions of math and science professionals, as well as baby boomers in each of the fast moving markets. As the technology industry grows and aging baby boomers decide to make housing moves to support their retirement, we'll continue to see strong housing demand associated with these factors."
Markets with the Fastest Median Age of Inventory
MSA |
Median Age of Inventory |
% YY |
%MM |
Median Listing Price |
% YY |
%MM |
Total Listings |
% YY |
% MM |
Oakland, CA |
35 days |
25.00% |
6.06% |
$500,000 |
4.18% |
-1.95% |
4,175 |
9.24% |
-5.56% |
San Jose, CA |
36 days |
-20.00% |
-7.69% |
$718,000 |
10.47% |
2.57% |
2,050 |
-36.24% |
-29.33% |
San Francisco, CA |
36 days |
-20.00% |
-14.29% |
$949,000 |
15.87% |
6.03% |
2,397 |
-23.37% |
-5.48% |
Denver, CO |
37 days |
-17.78% |
12.12% |
$369,900 |
19.36% |
3.90% |
7,119 |
-18.56% |
-3.61% |
Washington, DC-MD-VA-WV(DC) |
40 days |
-23.08% |
-25.93% |
$469,000 |
-0.21% |
4.45% |
1,474 |
-24.99% |
-18.56% |
Seattle-Bellevue-Everett, WA |
51 days |
-1.92% |
15.91% |
$399,950 |
5.26% |
0.01% |
7,840 |
7.71% |
1.10% |
Houston, TX |
54 days |
-15.63% |
3.85% |
$247,006 |
23.07% |
0.86% |
16,386 |
-25.21% |
-25.00% |
Los Angeles-Long Beach, CA |
56 days |
1.82% |
-6.67% |
$499,000 |
6.40% |
0.00% |
17,720 |
-9.95% |
-21.27% |
Austin-San Marcos, TX |
56 days |
-15.15% |
-3.45% |
$294,950 |
13.49% |
1.74% |
7,196 |
-18.75 |
-25.60% |
Omaha, NE-IA(NE) |
56 days |
-8.20% |
7.69% |
$165,000 |
10.07% |
0.00% |
3,307 |
-8.34% |
0.98% |
San Diego, CA |
59 days |
7.27% |
7.27% |
$489,900 |
8.87% |
-1.82% |
9,568 |
7.63% |
-2.76% |
Melbourne-Titusville-Palm Bay, FL |
59 days |
-7.81% |
-13.24% |
$165,000 |
0.00% |
-1.17% |
3,684 |
0.68% |
-34.03% |
National Housing Indicators for September 2014
September 2014 |
Year-over-Year Percentage Change |
Month-over-Month Percentage Change | |
Median List Price |
$214,900 |
7.72% |
0.00% |
Number of Listings |
1,867,987 |
-2.65% |
-7.87% |
Median Age of Inventory |
90 days |
-3.23% |
4.65% |
On a national level, median age of inventory is lower than last year with a reduced number of homes on the market. In September, homes spent approximately 90 days on the market, which is three days less compared to this time last year. Median listing prices held steady for the fourth consecutive month, maintaining a 7.7 percent gain year-over-year. According to the National Association of REALTORS®, inventory continued to demonstrate persistently low months' supply at five and a half months as compared with normal levels of six to seven months. New homes months' supply was even lower at nearly five months in August.
"To truly relieve the inventory shortage on a sustained basis, new home construction needs to rise by at least 50 percent from the current levels," said Lawrence Yun, chief economist for the National Association of REALTORS®.
For the complete realtor.com® September National Housing Trend Report, please visit: http://www.realtor.com/data-portal/realestatestatistics
How Data Is Collected
Realtor.com® regularly tracks real estate data and develops monthly reports featuring the number of listings, median age of inventory, and median list price across the U.S. and in specific markets, as well as provides year-over-year and month-over-month changes. These reports are the only ones pulled directly from the realtor.com® database, where 90 percent of listings are updated every 15 minutes from more than 800 multiple listing services (MLS). We regularly review and update historical data to provide the most accurate and comprehensive market information. As a result, some markets may be subject to periodic adjustments in data.
For more information about Move, visit www.move.com or one of its many online real estate properties including realtor.com®.
Supporting Resources
About Move, Inc. and realtor.com®
Move, Inc. (NASDAQ: MOVE), a leading provider of online real estate services, operates realtor.com®, which connects people to the essential, accurate information needed to identify their perfect home and to the REALTORS® whose expertise guides consumers through buying and selling. As the official website for the National Association of REALTORS®, realtor.com® empowers consumers to make smart home buying, selling and renting decisions by leveraging its direct, real-time connections with more than 800 multiple listing services (MLS) via all types of computers, tablets and smart telephones. Realtor.com® is where home happens. Move's network of websites provides consumers a wealth of innovative tools and accurate information including Doorsteps®, HomeInsightSM, SocialBiosSM, Moving.com™, SeniorHousingNetSM, homefairSM and Relocation.com. Move supports real estate agents and brokerages by providing many services to grow their businesses, including ListHub™, the nation's leading listing syndicator and centralized intelligence platform for the real estate industry; TigerLead®; Top Producer® Systems; and FiveStreetSM; as well as many free services. Move is based in the heart of the Silicon Valley — San Jose, CA.
REALTOR® and REALTOR.COM® are trademarks of the National Association of REALTORS® and are used with its permission. Move, Move.com, Moving.com, Top Producer®, TigerLead®, ListHub™, Doorsteps® and SeniorHousingNet™ are trademarks of Move, Inc. These and all other trademarks used in this work are the property of their respective owners.
Media Contact: Lexie Puckett, +1 805-557-3151, Lexie.Puckett@move.com
Forward-Looking Statements
This news release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different from those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
SOURCE realtor.com
Copyright 2014 PR Newswire
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