MA ARCHIVED April 2016 | Page 28

Community Information

Montgomery

Community Information

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
$ 1,549,000
-3%
0 %
Average List Price of all Current Listings
$ 1,925,614
-1%
0 %
April Median Sales Price
$ 1,307,500
-3%
####
-1%
194 %
$ 435,000
0 %
-2%
April Average Sales Price
$ 1,516,233
7 %
####
-5%
173 %
$ 551,611
2 %
-1%
Total Properties Currently for Sale ( Inventory )
584
24 %
11 %
April Number of Properties Sold
98
92 %
27 %
236
13 %
April Average Days on Market ( Solds )
47
-42% -22% -23%
-6%
60
2 %
20 %
April Month ' s Supply of Inventory
6.0
-35% -21% -12% -15%
7.9
-8%
13 %
April Sale Price vs List Price Ratio
96.0 %
. 0 %
-. 2 % ####
-. 1 %
96.2 %
0 %
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 98 , up 27.3 % from 77 in April of 2015 and 92.2 % higher than the 51 sales last month . April 2016 sales were at their highest level compared to April of 2015 and 2014 . April YTD sales of 236 are running 13.5 % ahead of last year ' s year-to-date sales of 208 .
140 120 100 80
Number of Properties Sold
3 Mo Avg
60 40
Prices The Median Sales Price in April was $ 1,307,500 , down 1.3 % from $ 1,325,000 in April of 2015 and down 3.1 % from $ 1,350,000 last month . The Average Sales Price in April was $ 1,516,233 , down 5.4 % from $ 1,602,310 in April of 2015 and up 6.9 % from $ 1,418,501 last month . April 2016 ASP was at the lowest level compared to April of 2015 and 2014 .
20
3 Mo Avg
0
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
13
14
15
16
Median Sales Price and Average Sales Price
3 Mo Avg
1,800 1,700 1,600 1,500
106 125 104 86 53 53 61 74 42 42 63 62 86 99 97 75 78 67 53 68 35 29 67 77 89 117 127 99 73 51 70 67 38 49 51 98
Inventory & MSI The Total Inventory of Properties available for sale as of April was 584 , up 24.3 % from 470 last month and up 11.5 % from 524 in April of last year . April 2016 Inventory was at its highest 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 6.0 months was at its lowest level compared with April of 2015 and 2014 .
1,400 1,300 1,200
M 70013
600
700 400
600 300
500 200
400
100
300
0
200
100 0
500
423 417
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
14
15
16
423 393
M 13
417 363
393 433
Total Inventory & Month ' s Supply of Inventory ( MSI )
363 432
433 343
432 268
343 275
268 307
275
379 453
J
J
A S O N D
J
14
307 379
531 540
453 485
531 464
540 539
485 529
464
417
341 326 346
426
524 562 564 536
492 542 525
443
348 340 365
470
584
14.0 12.0 10.0 8.0 6.0
F M A M J
J
A S O N D
J
4.0
F M A
16
2.0
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
13
14
15
16
539 529
417
341 326
F M A M J
J
A S O N D
J
15
346 426
524 562 564 536
492 542 525
443
348 340 365
0.0
470 584
14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
28 | c o l d w e l l b a n k e r h o m e s . c o m