MA ARCHIVED April 2017 | Page 24

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

County : Howard

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
$ 649,000
-0%
13 %
Average List Price of all Current Listings
$ 696,823
1 %
8 %
April Median Sales Price
$ 470,000
-1%
3 %
2 %
3 %
$ 456,000
2 %
0 %
April Average Sales Price
$ 491,131
-1%
2 %
2 %
0 %
$ 483,496
1 %
-2%
Total Properties Currently for Sale ( Inventory )
729
9 %
-23%
April Number of Properties Sold
228
-6%
-4%
777
9 %
April Average Days on Market ( Solds )
41 -24% -29% -28% -20%
58
-11%
14 %
Asking Price per Square Foot ( based on New Listings )
$ 192
-1%
-1%
-1%
2 %
$ 193
1 %
2 %
April Sold Price per Square Foot
$ 184
-3%
0 %
2 %
1 %
$ 184
3 %
2 %
April Month ' s Supply of Inventory
3.2
16 %
-4% -19% -15%
3.4
-29%
-9%
April Sale Price vs List Price Ratio
97.8 %
. 7 %
1.3 %
. 6 %
1.3 %
96.6 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
400
April Property sales were 228 , down 4.2 % from 238 in April of
2016 and 5.8 % lower than the 242 sales last month . April 2017
350
Property sales were Sales at a mid level compared to April of 2016 and 2015 .
400
April Property YTD sales sales of were 777 are 228 running , down 4.2 8.7 % from ahead 238 of in last April year of ' s yearto-date sales of 715 .
2016 and 5.8 % lower than the 242 sales last month . April 2017
350 sales were at a mid level compared to April of 2016 and 2015 .
300
April YTD sales of 777 are running 8.7 % ahead of last year ' s yearto-date
300
250
200
sales of 715 .
250
150
200
100
150
50
100
0
50
0
Prices
The Median Sales Price in April was $ 470,000 , up 2.2 % from
Prices
$ 460,000 in April of 2016 and down 0.9 % from $ 474,500 last
M
14
600
The month Median . The Sales Average Price Sales in April Price was in $ 470,000 April was , up $ 491,131 2.2 % from , up 1.7 %
600
$ from 460,000 $ 482,828 in April in of April 2016 of and 2016 down and 0.9 down % from 1.2 $ % 474,500 from $ 497,142 last
550
month last month . The . Average April 2017 Sales ASP Price was in April at the was highest $ 491,131 level , up compared 1.7 % to from $ 482,828 in April of 2016 and down 1.2 % from $ 497,142
550
April of 2016 and 2015 .
500
last month . April 2017 ASP was at the highest level compared to
April of 2016 and 2015 .
500
450

Howard

Agent Name
450
400
246 265 233
Title Phone Website Other

Community Information

244 193
Number of Properties Sold
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
J
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
246 265 233 244 193 203 167 179 108 133 179 207 275 347 320 282 214 223 175 243 122 169 186 238 308 371 307 322 232 249 213 257 166 141 242 228
400 350
350 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
14 J 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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 729 , Inventory up 9.3 % from of Properties 667 last available month and for down sale as 22.6 of April % from 1,200 was 942729 in , April up 9.3 of % last from year 667 . last April month 2017 and Inventory down 22.6 was % at from its lowest 1,200
8.0
1,000 942 level in compared April of last with year April . of 2017 2016 Inventory and 2015 was . at its lowest 1,000
7.0 level compared with April of 2016 and 2015 . 800
6.0 800
600 5.0
600 4.0
A comparatively lower MSI is more beneficial for sellers while a 400
3.0 A comparatively lower MSI is more beneficial for sellers while a 400 higher MSI is better for buyers . The April 2017 MSI of 3.2 higher MSI is better for buyers . The April 2017 MSI of 3.2
200
2.0 months was at its lowest level compared with April of 2016 and 200 months was at its lowest level compared with April of 2016 and
1.0 2015 .
0 2015 .
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
203 167
1,009 1,090 1,093 1,082 1,042 1,054 936
179
1,009 1,090 1,093 1,082 1,042 1,054 936 848 786 813
108
848 786
846
133 179
Number of Properties Sold
207 275 347 320
966 1,073 1,075 1,081 1,060 1,001 986
813 846
282
907 214 223 175
966 1,073 1,075 1,081 1,060 1,001 986
907
784 763 744
833
243 122 169
942 960 1,000
784 763 744
833 186
942 238 308 371
1,000 985 961
880
307
763
322 232
960 1,000 1,000 985 961
880 249 763
3 Mo Avg
213
3 Mo Avg
626 599 566 667 729
257
626 599
166 566
3 Mo Avg
141 242
667 729
228
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
24 | 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 .