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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 |
$ 583,872 |
2 % |
22 % |
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Average List Price of all Current Listings |
$ 1,048,410 |
2 % |
22 % |
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March Median Sales Price |
$ 420,000 |
8 % |
9 % |
23 % |
20 % |
$ 390,000 |
13 % |
11 % |
March Average Sales Price |
$ 675,484 |
5 % |
11 % |
27 % |
17 % |
$ 630,755 |
15 % |
9 % |
Total Properties Currently for Sale ( Inventory ) |
1,899 |
1 % |
-9% |
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March Number of Properties Sold |
307 |
40 % |
15 % |
720 |
18 % |
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March Average Days on Market ( Solds ) |
154 |
12 % |
7 % |
4 % |
8 % |
144 |
-5% |
1 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 378 |
11 % |
8 % |
10 % |
17 % |
$ 354 |
13 % |
10 % |
March Sold Price per Square Foot |
$ 299 |
-6% |
5 % |
19 % |
11 % |
$ 297 |
14 % |
10 % |
March Month ' s Supply of Inventory |
6.2 -28% -24% -21% -28% |
8.2 |
-22% |
-5% |
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March Sale Price vs List Price Ratio |
93.5 % -1.4% -. 7 % -1.4% -. 6 % |
94.1 % |
0 % |
0 % |
Property Sales |
350 |
|
March Property sales were 307 , up 14.6 % from 268 in March of | ||
2016 and 39.5 % higher than the 220 sales last month . March |
300 |
|
Property
2017 sales Sales were at their highest level compared to March of 2016
350
| ||
March and 2015 Property . March sales YTD were sales 307 , of up 720 14.6 are % from running 26817.6 in March % ahead of of |
250 |
|
2016 last and year 39.5 ' s year-to-date % higher than sales the of 220 612 sales . last month . March
2017 sales were at their highest level compared to March of 2016
|
300 |
200 |
and 2015 . March YTD sales of 720 are running 17.6 % ahead of |
250 |
|
last year ' s year-to-date sales of 612 . |
150 |
|
200 |
||
100 |
||
150 |
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100 |
50 |
0
50 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 M J J A S O N D J F M
0 14 15
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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 M J J A S O N D J F M Prices
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg The Median Sales Price in March was $ 420,000 , up 22.6 % from
700
Prices $ 342,450 in March of 2016 and up 7.9 % from $ 389,150 last Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in March Price was in $ March 420,000 was , up $ 675,484 22.6 % from , up 650
700 $ 27.1 342,450 % from in March $ 531,608 of 2016 in March and up of 7.9 2016 % from and $ up 389,150 5.0 % from last 600 month . The Average Sales Price in March $ 675,484 , up 650
$ 643,271 last month . March 2017 ASP was at the highest level 550 27.1 compared % from $ to 531,608 March in of March 2016 and of 2016 2015 and . up 5.0 % from 600
500
$ 643,271 last month . March 2017 ASP was at the highest level 550 compared to March of 2016 and 2015 .
450 500
400
450 400
350
350 300
300 250
250 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 M J J A S O N D J F M
A M
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Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 1,899 Inventory , up 0.9 % of from Properties 1,882 available last month for and sale down as of March 9.2 % from 3,000
14.0 was 2,092 1,899 in , March up 0.9 % of from last year 1,882 . March last month 2017 and Inventory down 9.2 was % from at its 3,000 14.0
2,500 12.0
2,092 lowest in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was at . its 2,500 12.0
10.0 lowest level compared with March of 2016 and 2015 .
2,000 10.0
2,000 8.0
1,500 8.0
1,500 6.0
A comparatively lower MSI is more beneficial for sellers while a 1,000 6.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 higher MSI is better for buyers . The March 2017 MSI of 6.2
4.0 higher months MSI was is better at its lowest for buyers level . The compared March 2017 with March MSI of 6.2
500 of 2016 and
2.0 500 months was at its lowest level compared with March of 2016 and 2.0
2015 . 0
0.0 2015 .
0
0.0 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 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 M J J A S O N D J F M 14
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