Investor Presentaiton
TAKEAWAY: HOUSING PRICE ANALYSIS
• The Sales Ratio data is a publicly available time series for housing prices in North Dakota.
⚫ It is the best available data on average prices for rural counties and small cities. Limitations include:
• No data on property characteristics.
Potential for year-to-year variability due to a few high- or low-priced transactions in a given year.
⚫ MLS is an excellent source of data statewide, for the 12 largest cities, and combined rural areas.
• There were an insufficient number of transactions in the MLS data to compare rural sales by individual
county or planning region.
•
⚫ Far fewer sales in small communities and rural areas are listed on one of the Multiple Listing Services.
⚫ Not enough observations to have confidence in MLS data by county, by state planning region and in some cases
smaller cities.
• Overall, the two datasets track very well. They indicate similar trends and estimates of average prices,
which provides a high degree of confidence in the accuracy of the data.
Reported sale prices are similar between datasets for North Dakota statewide, most of the 12 largest cities,
and aggregated rural areas.
Think we finally have a good handle on housing prices. There is so much more we can do. We didn't look
at medians, distributions, pulling out outliers, etc.View entire presentation