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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 |
$ 192,450 |
20 % |
28 % |
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Average List Price of all Current Listings |
$ 227,480 |
11 % |
16 % |
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July Median Sales Price |
$ 159,500 |
36 % |
10 % |
3 % |
34 % |
$ 139,250 |
9 % |
17 % |
July Average Sales Price |
$ 151,929 |
15 % |
-5% |
-9% |
1 % |
$ 150,159 |
-5% |
0 % |
Total Properties Currently for Sale ( Inventory ) |
40 |
-7% |
-22% |
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July Number of Properties Sold |
14
180 %
|
56 % |
46 |
-23% |
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July Average Days on Market ( Solds ) |
75 |
97 % |
10 % |
15 % |
-19% |
76 |
-20% |
-18% |
Asking Price per Square Foot ( based on New Listings ) |
$ 104 |
8 % |
8 % |
7 % |
21 % |
$ 96 |
8 % |
12 % |
July Sold Price per Square Foot |
$ 90 |
2 % |
6 % |
-3% |
14 % |
$ 80 |
-4% |
1 % |
July Month ' s Supply of Inventory |
2.9 |
-67% -56% -50% -52% |
9.0 |
65 % |
51 % |
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July Sale Price vs List Price Ratio |
90.2 % -5.5% -2.5% -6.4% |
-. 6 % |
91.3 % |
0 % |
1 % |
16 |
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Property Sales
July Property sales were 14 , up 55.6 % from 9 in July of 2015 and 180.0 % higher than the 5 sales last month . July 2016 sales were at their highest level compared to July of 2015 and 2014 . July
YTD sales of 46 are running 23.3 % behind last year ' s year-todate sales of 60 .
|
16
14
12
10
|
14
12
10
8
|
Number of Properties Sold |
3 Mo Avg |
||||||||||||||||||||||||||||||||||||||||||||
8 |
6 |
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6 |
4 |
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4 |
2 |
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2 |
0 |
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 |
||||||||||||||||||||||||||
0 |
13 |
14 |
15 |
16 |
||||||||||||||||||||||||||||||||||||||||||||
A
S
13
|
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
14
Median Sales Price
15 and Average Sales Price
16
|
J |
J |
3 Mo Avg |
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Prices
The Median Sales Price in July was $ 159,500 , up 2.9 % from
$ 155,000 in July of 2015 and up 36.3 % from $ 117,000 last month . The Average Sales Price in July was $ 151,929 , down 9.1 % from $ 167,156 in July of 2015 and up 15.3 % from $ 131,800 last month . July 2016 ASP was at a mid range compared to July of 2015 and 2014 .
|
300
300
250
250
200
200
150
|
Median Sales Price and Average Sales Price |
3 Mo Avg |
|||||||||||||||||||||||||||||||||||||||||||||
150 |
||||||||||||||||||||||||||||||||||||||||||||||||
100 |
||||||||||||||||||||||||||||||||||||||||||||||||
100 |
||||||||||||||||||||||||||||||||||||||||||||||||
50 |
||||||||||||||||||||||||||||||||||||||||||||||||
50 |
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 |
S13O N D |
J |
F
14 M A M J
|
J |
A |
S |
O N D |
J |
F M15A M J |
J |
A |
S |
O N D |
J |
F M
16 A M J
|
J |
||||||||||||||||||||||||||||||||
13 |
14 |
15 |
16 |
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Total Inventory & Month ' s Supply of Inventory ( MSI ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Inventory & MSI |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
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The Total Inventory of Properties available for sale as of July was 40 , down 7.0 % from 43 last month and down 21.6 % from 51 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 2.9 months was at its lowest level compared with July of 2015 and
2014 .
|
80
70
60
50
40
30
20
10
0
|
80
70
60
50
40
30
20
10
0
|
25.0
20.0
15.0
10.0
5.0
|
25.0
20.0
15.0
10.0
5.0
0.0
|