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Trending versus *: |
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Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
Prior YTD |
Prior Year |
Median List Price of all Current Listings |
$ 179,900 |
6 % |
27 % |
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Average List Price of all Current Listings |
$ 223,947 |
8 % |
24 % |
|||||
July Median Sales Price |
$ 156,000 |
-4% |
5 % |
22 % |
18 % |
$ 145,000 |
12 % |
10 % |
July Average Sales Price |
$ 175,216 |
7 % |
10 % |
21 % |
20 % |
$ 158,797 |
10 % |
9 % |
Total Properties Currently for Sale ( Inventory ) |
214 |
-1% |
-23% |
|||||
July Number of Properties Sold |
83 |
-6% |
-22% |
602 |
8 % |
|||
July Average Days on Market ( Solds ) |
55 |
22 % |
-4% |
-20% -21% |
67 |
-7% |
-4% |
|
Asking Price per Square Foot ( based on New Listings ) |
$ 96 |
4 % |
4 % |
19 % |
20 % |
$ 88 |
11 % |
10 % |
July Sold Price per Square Foot |
$ 89 |
8 % |
10 % |
20 % |
20 % |
$ 80 |
10 % |
8 % |
July Month ' s Supply of Inventory |
2.6 |
5 % |
13 % |
-2% |
-21% |
2.5 |
-25% |
-24% |
July Sale Price vs List Price Ratio |
96.7 % |
. 2 % |
1.1 % 5.0 % |
4.5 % |
94.4 % |
1 % |
2 % |
|
Property Sales July Property sales were 83 , down 21.7 % from 106 in July of 2015 and 5.7 % lower than the 88 sales last month . July 2016 sales were at their lowest level compared to July of 2015 and 2014 . July YTD sales of 602 are running 7.9 % ahead of last year ' s year-to-date sales of 558 . |
120
100
80
|
Number of Properties Sold |
3 Mo Avg |
60 |
|||
40 |
|||
20 |
Prices The Median Sales Price in July was $ 156,000 , up 21.9 % from $ 128,000 in July of 2015 and down 3.7 % from $ 162,000 last month . The Average Sales Price in July was $ 175,216 , up 21.5 % from $ 144,240 in July of 2015 and up 6.8 % from $ 164,078 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 . |
0
190 170 150 130
|
83 69 66 62 51 51 51 69 63 78 86 93 69 73 78 58 71 66 62 67 77 88 92 106 105 87 89 71 77 54 82 85 102 108 88 83
3 Mo Avg
|
3 Mo Avg |
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110 |
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90 |
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70 |
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50 |
|
J |
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Inventory & MSI The Total Inventory of Properties available for sale as of July was 214 , down 1.4 % from 217 last month and down 23.0 % from 278 in July of last year . July 2016 Inventory was at its lowest level compared with July of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2016 MSI of 2.6 months was at its lowest level compared with July of 2015 and 2014 .
|
600 500 400 300 200 100
0
|
600
500
400
478
300
200
100
436
478
Total Inventory & Month ' s Supply of Inventory ( MSI )
418
405 436
361 418
378 405
363 361
376 378
389 363 391
376
392 389 399 391
377 392
342 399
327 377
303 342
249
327
247
250
240 249
254 247
250 282
262 240
278 254
289 282
278 262
283 278
262 289
240 278 217
283
187 262
206 240
195
217 197 187 217 206 214 195
0 A S AO NS OD
NJ FD
MJ AF M JA JM AJ S JOAN SD OJ
NF DM JA MF MJ AJ MA SJ OJ NA DS JO FN MD A JM J
13 13 14 14
15 15
16 16
303
8.0 7.0 6.0 5.0 4.0 3.0
|
2.0
197
217
1.0 0.0
F MJ A M J
214
J
|
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 |
22 | c o l d w e l l b a n k e r h o m e s . c o m |