MA ARCHIVED April 2017 | Page 20

Market Action Report April 2017
Community Information
Market Action Report April 2017

County : Frederick

Price Range : All | Properties : SFH - Con
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
$ 389,900
1 %
11 %
Average List Price of all Current Listings
$ 419,935
2 %
9 %
April Median Sales Price
$ 300,000
5 %
-2%
7 %
1 %
$ 305,000
9 %
2 %
April Average Sales Price
$ 322,035
4 %
0 %
6 %
1 %
$ 321,339
5 %
1 %
Total Properties Currently for Sale ( Inventory )
1,195
5 %
-16%
April Number of Properties Sold
353
15 %
7 %
1,106
7 %
April Average Days on Market ( Solds )
57 -19% -16% -30% -15%
68
-17%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 147
0 %
2 %
4 %
4 %
$ 144
3 %
2 %
April Sold Price per Square Foot
$ 134
3 %
1 %
3 %
0 %
$ 133
2 %
-1%
April Month ' s Supply of Inventory
3.4
-9% -17% -21% -21%
4.1
-21%
-4%
April Sale Price vs List Price Ratio
97.0 %
. 2 %
1.0 % 2.2 % 1.4 %
96.1 %
2 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
April Property sales were 353 , up 7.0 % from 330 in April of
2016 and 14.6 % higher than the 308 sales last month . April
Property
2017 sales Sales were at their highest level compared to April of
201600
500
April and Property 2015 . April sales YTD were sales 353 , of up 1,106 7.0 % are from running 330 6.7 April % ahead of of
2016 last and year 14.6 ' s year-to-date % higher than sales the of 308 1,037 sales . last month . April
500
2017 sales were at their highest level compared to April of 2016
400
and 2015 . April YTD sales of 1,106 are running 6.7 % ahead of last year ' s year-to-date sales of 1,037 .
400
300
300
200

Frederick

Agent Name
Title Phone Website Other

Community Information

200 100
324 356 294 381 277
Number of Properties Sold
100
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
0
14
15
16
17
Prices
The Median Sales Price in April was $ 300,000 , up 7.4 % from
Prices
$ 279,400 in April of 2016 and up 4.5 % from $ 286,950 last
The month Median . The Sales Average Price Sales in April Price was in $ 300,000 April was , up $ 322,035 7.4 % from , up 6.3 %
350
$ from 279,400 $ 302,914 in April in of April 2016 of and 2016 up 4.5 and % up from 3.5 $ % 286,950 from $ 311,016 last last . The Average Sales Price in April was $ 322,035 , up 6.3 %
340 month . April 2017 ASP was at the highest level compared to from $ 302,914 in April of 2016 and up 3.5 % from $ 311,016 last
330
April of 2016 and 2015 . month . April 2017 ASP was at the highest level compared to
320
April of 2016 and 2015 .
310
300
290
280
270
260
250
M
J
J
14
350
340
330
320
310
300
290
280
270
260
250
M
M
J
14
J
A S O N D
J
FMedian M A M JSales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
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
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 1,195 Inventory , up 4.8 % of from Properties 1,140 last available month for and sale down as of 16.0 April % from
2,000 was
1,423 1,195 in , April up 4.8 of % last from year 1,140 . April last month 2017 Inventory and down was 16.0 at % from its lowest
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
1,423 level in compared April of last with year April . April of 2016 2017 and Inventory 2015 . was at its lowest level compared with April of 2016 and 2015 .
1,500
1,500
7.0
6.0
1,000
5.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial April for 2017 sellers MSI while of 3.4 a higher MSI is better for buyers . The April 2017 MSI of 3.4
500 months was at its lowest level compared with April of 2016 and months
2015 . was at its lowest level compared with April of 2016 and
2015 .
0
3.0
500
2.0
1.0
0
0.0
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
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
14
15
16
17
14
15
16
17
292 231 251
324 356 294 381 277 292 231 251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 275 330 413 440 389 401 362 311 316 303 243 202 308 353
1,535 1,641 1,680 1,683 1,629 1,580
1,462
1,535 1,641 1,680 1,683 1,629 1,580
1,462 1,358 1,272 1,283
179
1,358 1,272
206
1,360 1,508
264
Number of Properties Sold
279 355 513 382
1,619 1,666 1,508 1,726 1,666 1,693 1,656
1,283 1,360
342 340 318 247
1,619 1,666 1,726 1,666 1,693 1,656
1,484
333
1,484 1,347 1,250 1,231 1,369 1,423
205
1,347 1,250 1,231 227 275
1,369
1,423 330 413 440
1,447 1,514 1,519 1,467 1,476 1,386
389 401 362
1,447 1,514 1,519 1,467 1,476 1,386
311
3 Mo Avg
316
1,239 1,085 1,014 1,031 1,140 1,195 303 243
1,239 1,085 1,014 1,031
3 Mo Avg
202 308
1,140 1,195
353
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
20 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Coastal Association of REALTORS of MD , Inc ., Metropolitan Regional Information Systems , Inc ., Sussex County Association of REALTORS and may not reflect all relevant real estate activity . Coldwell Banker Residential Brokerage does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .