CAR ARCHIVED April 2016 | Page 37

Community Information | School District

Dorchester

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Community Information | School District

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 263,500
3 %
12 %
Average List Price of all Current Listings
$ 298,719
3 %
13 %
April Median Sales Price
$ 205,000
-2%
1 %
11 %
3 %
$ 202,400
8 %
2 %
April Average Sales Price
$ 226,714
0 %
3 %
7 %
5 %
$ 220,990
6 %
2 %
Total Properties Currently for Sale ( Inventory )
745
-2%
-23%
April Number of Properties Sold
251
15 %
12 %
775
2 %
April Average Days on Market ( Solds )
62
-7%
-13% -11%
-9%
71
-9%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 114
2 %
2 %
11 %
8 %
$ 112
8 %
6 %
April Sold Price per Square Foot
$ 107
3 %
2 %
6 %
6 %
$ 105
7 %
4 %
April Month ' s Supply of Inventory
3.0
-15% -23% -31% -31%
4.2
-20%
-3%
April Sale Price vs List Price Ratio
97.5 %
. 8 %
. 9 %
. 6 %
. 9 %
96.6 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher ( up ), lower ( down ) or unchanged ( flat )
3 Mo Avg
Property Sales April Property sales were 251 , up 11.6 % from 225 in April of 2015 and 15.1 % higher than the 218 sales last month . April 2016 sales were at their highest level compared to April of 2015 and 2014 . April YTD sales of 775 are running 2.0 % ahead of last year ' s year-to-date sales of 760 .
300
300
250
250 200
200 150
Number of Properties Sold
3 Mo Avg
150 100
100 50
Prices The Median Sales Price in April was $ 205,000 , up 10.8 % from $ 185,000 in April of 2015 and down 2.1 % from $ 209,500 last month . The Average Sales Price in April was $ 226,714 , up 6.6 % from $ 212,666 in April of 2015 and up 0.3 % from $ 226,010 last month . April 2016 ASP was at the highest level compared to April of 2015 and 2014 .
50
0
0
211 236 217 219 173 171 130 180 122 125 158 205 210 255 256 232 227 214 169 184 135 153 247 225 231 273 282 260 257 216 162 232 153 153 218 251
M 13
250 240
250 230
240 220
230
210 220 210
200
200 190
190 180
180 170
170 160
160 150
150 M 13
211
M
236 217 219 173 171 130
13
J
J
A
S
O N D
J
14
180 122
J J A S O N D J
125 158 205 210 255 256 232
14
F M A M J
J
A
S
O N D
J
15
15
F M A M J
J
A
S
O N D
J
16
Median Sales Price and Average Sales Price
227 214
3 Mo Avg
M
J
J
A
S
O N D
J
F M A M J
J
A
S
O N D
J
F M A M J
J
A
S
O N D
J
F M A
J
13J
A
S
O N D
J 14
F
14 M A M J
J
A
S
O N D
J 15
F M15A M J
J
A
S
O N D
J 16
F M
A16
169 184 135 153 247
F M A M J
J
A
S
O N D
J
F M A M J
J
A
S
O N D
J
F M A
16
F M A
225 231 273 282 260 257 216 162 232 153 153 218 251
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of April was 745 , down 2.2 % from 762 last month and down 23.1 % from 969 in April of last year . April 2016 Inventory was at its lowest level compared with April of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2016 MSI of 3.0 months was at its lowest level compared with April of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,200 1,200
8.0
1,000 1,000
7.0
800 6.0
800 5.0
600 600
4.0
400 400
200 200
0 0
M J
M J
J A
J S
A O N
S
D
O N J F
D
M
J
A
F M
J
A
J
M A
J S
J O
A N
S D
O J
N F
D M
J A M
F M J
A J
M A S
J
O
J
N
A
D
S
J
O
F
N
M
D A
J
13 13
14 14
15 15
16 16
914 933 931 926 923 937 903 872 850
912 944 963 917 936 937 914 906 912 892 901 923 933 969
914 933 931 926 923 937 903 872 850 840 912
840 944 963
917 936 937 914 906 912 892 901 923 933
973 966 970 914 938 868 827
969 973 966 970 914 938 868 827 800 780
800 780 780
780 762 745
762
745
3.0 2.0 1.0 0.0 F M A
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
c o l d w e l l b a n k e r h o m e s . c o m | 37