Wood County, OH
Source: Internally calculated
What: Compares three-month weighted average of home sales and sale prices versus previous twelve months to identify trends.
Why: Identifying trends allows faster responses to market fluctuations. Values above 100 indicate a rising market. Values below 100 signify a falling market.
What: Compares three-month weighted average of home sales and sale prices versus previous twelve months to identify trends.
Why: Identifying trends allows faster responses to market fluctuations. Values above 100 indicate a rising market. Values below 100 signify a falling market.
Source: Redfin
What: Presents a historical view of the residential real estate market, illustrating changes in median sales prices and monthly sales volume.
Why: Useful for understanding long-term market trends and can help in making informed decisions about future investments or sales strategies in the region.
Questions to Consider:
1. How have economic or market conditions in the area affected the trends in median sale price and number of homes sold?
2. Are there any significant events or developments in the local area that could explain the fluctuations in the number of homes sold?
3. What is the current inventory of residential properties, and how might that impact future sales and median prices?
4. Are there any upcoming developments or infrastructure projects that could impact the real estate market in the area?
What: Presents a historical view of the residential real estate market, illustrating changes in median sales prices and monthly sales volume.
Why: Useful for understanding long-term market trends and can help in making informed decisions about future investments or sales strategies in the region.
Questions to Consider:
1. How have economic or market conditions in the area affected the trends in median sale price and number of homes sold?
2. Are there any significant events or developments in the local area that could explain the fluctuations in the number of homes sold?
3. What is the current inventory of residential properties, and how might that impact future sales and median prices?
4. Are there any upcoming developments or infrastructure projects that could impact the real estate market in the area?
Source: FreddieMac Primary Market Survey & Redfin
What: Provides a comparison of monthly residential sales volumes against the national average 30-year mortgage rate, highlighting how changes in interest rates may influence homebuying activity.
Why: Understanding the relationship between mortgage rates and home sales can be crucial when it comes to timing the market and making informed decisions.
Questions to Consider:
1. What external factors, besides mortgage rates, could be influencing the fluctuation in home sales, such as economic policy changes, local employment rates, or inventory levels?
2. How do changes in mortgage rates correlate with the general economic climate and could this be an indicator of a broader economic trend?
3. How might a rise in mortgage rates impact the affordability of housing and potentially shift the market towards rentals?
4. Is there a threshold rate at which the market reacts more strongly, indicating a price sensitivity threshold for buyers in the county?
What: Provides a comparison of monthly residential sales volumes against the national average 30-year mortgage rate, highlighting how changes in interest rates may influence homebuying activity.
Why: Understanding the relationship between mortgage rates and home sales can be crucial when it comes to timing the market and making informed decisions.
Questions to Consider:
1. What external factors, besides mortgage rates, could be influencing the fluctuation in home sales, such as economic policy changes, local employment rates, or inventory levels?
2. How do changes in mortgage rates correlate with the general economic climate and could this be an indicator of a broader economic trend?
3. How might a rise in mortgage rates impact the affordability of housing and potentially shift the market towards rentals?
4. Is there a threshold rate at which the market reacts more strongly, indicating a price sensitivity threshold for buyers in the county?
Source: Redfin
What: Provides insights into the residential property market by tracking the number of active listings and the corresponding months of inventory.
Why: Crucial for understanding market trends, assessing the balance between supply and demand, and strategizing for buying or selling decisions.
Questions to Consider:
1. What external factors might be influencing the fluctuations in the number of property listings and months of inventory?
2. Are there any specific seasonal patterns or local events affecting the real estate market?
3. What are the demographic, economic, and policy changes that could impact the future trends of the housing market in this region?
What: Provides insights into the residential property market by tracking the number of active listings and the corresponding months of inventory.
Why: Crucial for understanding market trends, assessing the balance between supply and demand, and strategizing for buying or selling decisions.
Questions to Consider:
1. What external factors might be influencing the fluctuations in the number of property listings and months of inventory?
2. Are there any specific seasonal patterns or local events affecting the real estate market?
3. What are the demographic, economic, and policy changes that could impact the future trends of the housing market in this region?
Source: Redfin (derived)
What: Visualizes the annualized number of home sales per month, providing insight into the real estate market's activity and trends.
Why: Useful for understanding the pace at which homes are selling and can help inform decisions regarding the timing of their real estate market activities.
Questions to Consider
1. What external factors could contribute to fluctuations in annualized sales per month?
2. What specific reasons could have led to surges and declines in annualized sales and are these factors likely to repeat in the future?
What: Visualizes the annualized number of home sales per month, providing insight into the real estate market's activity and trends.
Why: Useful for understanding the pace at which homes are selling and can help inform decisions regarding the timing of their real estate market activities.
Questions to Consider
1. What external factors could contribute to fluctuations in annualized sales per month?
2. What specific reasons could have led to surges and declines in annualized sales and are these factors likely to repeat in the future?
Source: U.S. Census Bureau - Building Permit Survey
What: Displays the number of building permits issued for single-family and multi-family residential units, offering insight into construction trends and housing development activity.
Why: Critical for understanding the local construction market dynamics and preparing for potential changes in the housing supply.
Questions to Consider:
1. What factors may contribute to increases in single-family home permits and how sustainable are these factors?
2. What influences sudden rises in the number of permits issued in some months, and is there a pattern or specific cause behind these fluctuations?
3. Are there any specific policy changes or economic factors that could potentially impact the future trends in building permits for residential units?
What: Displays the number of building permits issued for single-family and multi-family residential units, offering insight into construction trends and housing development activity.
Why: Critical for understanding the local construction market dynamics and preparing for potential changes in the housing supply.
Questions to Consider:
1. What factors may contribute to increases in single-family home permits and how sustainable are these factors?
2. What influences sudden rises in the number of permits issued in some months, and is there a pattern or specific cause behind these fluctuations?
3. Are there any specific policy changes or economic factors that could potentially impact the future trends in building permits for residential units?
Source: FHFA Housing Price Index
What: Tracks the growth of home prices relative to state and national levels, indexed to the year 2000 for comparative analysis.
Why: Understanding these trends can inform investment strategies and provide context for current home value assessments compared to broader state and national figures.
Questions to Consider:
1. What factors are driving the growth in home prices?
2. Are there specific local economic or demographic factors contributing to the disparity between county, state, and national home prices?
3. How sustainable is the current growth rate, and what potential challenges or risks could affect future trends in the local real estate market?
4. What impact, if any, has new construction and land development had on the increasing home prices?
What: Tracks the growth of home prices relative to state and national levels, indexed to the year 2000 for comparative analysis.
Why: Understanding these trends can inform investment strategies and provide context for current home value assessments compared to broader state and national figures.
Questions to Consider:
1. What factors are driving the growth in home prices?
2. Are there specific local economic or demographic factors contributing to the disparity between county, state, and national home prices?
3. How sustainable is the current growth rate, and what potential challenges or risks could affect future trends in the local real estate market?
4. What impact, if any, has new construction and land development had on the increasing home prices?
Source: HUD Fair Market Rents
What: Compares the median monthly cost of renting versus owning a home, using HUD's fair market rent data and mortgage payments calculated from median sales prices with a 20% down payment and 30-year national average mortgage rates.
Why: Understanding the relationship between rent and mortgage payments can be important when it comes to many real estate market decisions.
Questions to Consider:
1. How do the changes in mortgage payments correlate with the prevailing interest rates and sale prices?
2. Are the rental payment trends reflective of a broader shift in the local housing market demand or supply?
3. What external economic factors, such as employment rates or economic growth, might be influencing these trends?
4. How might the gap between rent and mortgage payments affect the local real estate market, particularly in terms of housing affordability and the decision to rent versus buy?
5. How might potential future economic or policy changes impact these trends, particularly with regards to housing market incentives or regulations?
6. How might demographic changes, such as an influx of new residents or changes in the average household size, influence these trends?
What: Compares the median monthly cost of renting versus owning a home, using HUD's fair market rent data and mortgage payments calculated from median sales prices with a 20% down payment and 30-year national average mortgage rates.
Why: Understanding the relationship between rent and mortgage payments can be important when it comes to many real estate market decisions.
Questions to Consider:
1. How do the changes in mortgage payments correlate with the prevailing interest rates and sale prices?
2. Are the rental payment trends reflective of a broader shift in the local housing market demand or supply?
3. What external economic factors, such as employment rates or economic growth, might be influencing these trends?
4. How might the gap between rent and mortgage payments affect the local real estate market, particularly in terms of housing affordability and the decision to rent versus buy?
5. How might potential future economic or policy changes impact these trends, particularly with regards to housing market incentives or regulations?
6. How might demographic changes, such as an influx of new residents or changes in the average household size, influence these trends?
Source: Consumer Financial Protection Bureau - Home Mortgage Disclosure Act
What: Breaks down the types of loan applications, showcasing the preferences for home financing in the area.
Why: Provides insight into the local real estate market's financing dynamics, highlighting opportunities for tailored financial services and programs to support homebuyers.
Questions to consider:
1. What is the distribution of loan types in neighboring counties to understand regional preferences?
2. Are there any demographic or economic factors influencing the preference of one loan type over another?
3. How has the demand for these loan types changed over the past few years, and what factors have contributed to any shifts in preferences?
4. How do interest rates and lending policies impact the choice of loan type in the area?
What: Breaks down the types of loan applications, showcasing the preferences for home financing in the area.
Why: Provides insight into the local real estate market's financing dynamics, highlighting opportunities for tailored financial services and programs to support homebuyers.
Questions to consider:
1. What is the distribution of loan types in neighboring counties to understand regional preferences?
2. Are there any demographic or economic factors influencing the preference of one loan type over another?
3. How has the demand for these loan types changed over the past few years, and what factors have contributed to any shifts in preferences?
4. How do interest rates and lending policies impact the choice of loan type in the area?
Source: U.S. Census Bureau
What: Shows the trajectory of population, highlighting trends in the area's demographic growth.
Why: Understanding these population trends is essential for those involved in urban planning, real estate, local governance, and community services.
Questions to Consider
1. Are there any significant events or changes in the local economy or job market that might have influenced the population trends?
2. What are the demographic characteristics of the population growth, and how might they impact future trends?
3. How does the population growth align with the demand for real estate, new construction, and land development in the area?
What: Shows the trajectory of population, highlighting trends in the area's demographic growth.
Why: Understanding these population trends is essential for those involved in urban planning, real estate, local governance, and community services.
Questions to Consider
1. Are there any significant events or changes in the local economy or job market that might have influenced the population trends?
2. What are the demographic characteristics of the population growth, and how might they impact future trends?
3. How does the population growth align with the demand for real estate, new construction, and land development in the area?
Source: U.S. Census Bureau - American Community Survey
What: Depicts the age distribution in the region, highlighting the proportion of various age groups within the population and the median age.
Why: Provides an at-a-glance understanding of the county's demographic composition, which is essential for strategic planning in various sectors including real estate, healthcare, and community services.
Questions to Consider:
1. How does the age distribution impact real estate trends in the region?
2. Are there any significant differences in housing preferences among the various age groups?
3. How might the median age impact the demand for new construction and development projects in the area?
What: Depicts the age distribution in the region, highlighting the proportion of various age groups within the population and the median age.
Why: Provides an at-a-glance understanding of the county's demographic composition, which is essential for strategic planning in various sectors including real estate, healthcare, and community services.
Questions to Consider:
1. How does the age distribution impact real estate trends in the region?
2. Are there any significant differences in housing preferences among the various age groups?
3. How might the median age impact the demand for new construction and development projects in the area?
Source: U.S. Census Bureau - American Community Survey
What: Compares the growth of median household income with that of the state and national averages.
Why: Provides a snapshot of economic health and can be used to inform decisions related to investments, business strategy, and understanding the purchasing power within the region compared to broader economic benchmarks.
Questions to Consider:
1. What factors have contributed to the growth of median household income in the county?
2. Are there any industries or sectors in the county that have seen substantial growth, impacting household incomes?
3. How have local government policies or economic initiatives influenced income growth in the county?
4. What are the demographic changes in the county that have influenced the median household income trends?
What: Compares the growth of median household income with that of the state and national averages.
Why: Provides a snapshot of economic health and can be used to inform decisions related to investments, business strategy, and understanding the purchasing power within the region compared to broader economic benchmarks.
Questions to Consider:
1. What factors have contributed to the growth of median household income in the county?
2. Are there any industries or sectors in the county that have seen substantial growth, impacting household incomes?
3. How have local government policies or economic initiatives influenced income growth in the county?
4. What are the demographic changes in the county that have influenced the median household income trends?
Source: Bureau of Labor and Statistics - Local Area Unemployment Statistics
What: Illustrates the trends in unemployment rate and the number of employed and unemployed individuals.
Why: Crucial to understand the economic health and to make informed decisions regarding impact of employment on the housing market.
Questions to Consider:
1. What factors contribute to the fluctuations in employment?
2. What industries or sectors showed the most significant changes in employment during the period?
What: Illustrates the trends in unemployment rate and the number of employed and unemployed individuals.
Why: Crucial to understand the economic health and to make informed decisions regarding impact of employment on the housing market.
Questions to Consider:
1. What factors contribute to the fluctuations in employment?
2. What industries or sectors showed the most significant changes in employment during the period?
Source: U.S. Census Bureau - American Community Survey
What: Illustrates the industrial composition of the industry, showcasing the relative size of different industry sectors.
Why: Provides a snapshot of the economic landscape, indicating where job opportunities might be concentrated and where potential business investments could find a supportive market.
Questions to Consider:
1. What is the growth rate of each industry, particularly in comparison to the overall employment growth in the region?
2. How does the level of education and skill requirement differ across these industries?
3. What impact do these industries have on the local economy and the demand for residential and commercial properties?
4. Are there any demographic or geographical factors influencing the distribution of workers across these industries?
5. How do these employment numbers correlate with the demand for new construction and land development in the area?
What: Illustrates the industrial composition of the industry, showcasing the relative size of different industry sectors.
Why: Provides a snapshot of the economic landscape, indicating where job opportunities might be concentrated and where potential business investments could find a supportive market.
Questions to Consider:
1. What is the growth rate of each industry, particularly in comparison to the overall employment growth in the region?
2. How does the level of education and skill requirement differ across these industries?
3. What impact do these industries have on the local economy and the demand for residential and commercial properties?
4. Are there any demographic or geographical factors influencing the distribution of workers across these industries?
5. How do these employment numbers correlate with the demand for new construction and land development in the area?
Migration: Out of State
Inbound
Outbound
Source: Internal Revenue Service - Statistics of Income Migration Data
What: Shows the origins of individuals moving into and out of the area, highlighting the most common states and counties, as well as the volume of these migrations.
Why: Provides a clear understanding of migration patterns, which can influence market demand, cultural shifts, and economic opportunities within the area.
Questions to Consider:
1. What are the most significant trends in migration inflow and outflow?
2. How do the volume of migrations vary from different regions?
3. Are there any patterns in the migration flows, such as higher inflow from certain regions and higher outflow to others?
4. What factors could be driving the migration pattern, such as economic opportunities, lifestyle preferences, or demographic shifts?
5. How does the total migration volume compare between inflow and outflow, and what implications does this have for the area's population and housing market?
What: Shows the origins of individuals moving into and out of the area, highlighting the most common states and counties, as well as the volume of these migrations.
Why: Provides a clear understanding of migration patterns, which can influence market demand, cultural shifts, and economic opportunities within the area.
Questions to Consider:
1. What are the most significant trends in migration inflow and outflow?
2. How do the volume of migrations vary from different regions?
3. Are there any patterns in the migration flows, such as higher inflow from certain regions and higher outflow to others?
4. What factors could be driving the migration pattern, such as economic opportunities, lifestyle preferences, or demographic shifts?
5. How does the total migration volume compare between inflow and outflow, and what implications does this have for the area's population and housing market?
Migration: In State
Inbound
Outbound
Source: Internal Revenue Service - Statistics of Income Migration Data
What: Shows the origins of individuals moving into and out of the area within the state, highlighting the most common counties, as well as the volume of these migrations.
Why: Provides a clear understanding of migration patterns within the state, which can influence market demand, cultural shifts, and economic opportunities within the area.
Questions to Consider:
1. What are the most significant trends in migration inflow and outflow within the state?
2. How do the volume of migrations vary from counties?
3. What factors could be driving the migration pattern, such as economic opportunities, lifestyle preferences, or demographic shifts?
4. How does the total migration volume compare between inflow and outflow, and what implications does this have for the area's population and housing market?
What: Shows the origins of individuals moving into and out of the area within the state, highlighting the most common counties, as well as the volume of these migrations.
Why: Provides a clear understanding of migration patterns within the state, which can influence market demand, cultural shifts, and economic opportunities within the area.
Questions to Consider:
1. What are the most significant trends in migration inflow and outflow within the state?
2. How do the volume of migrations vary from counties?
3. What factors could be driving the migration pattern, such as economic opportunities, lifestyle preferences, or demographic shifts?
4. How does the total migration volume compare between inflow and outflow, and what implications does this have for the area's population and housing market?