MA ARCHIVED April 2017 | Page 40

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

County : Worcester

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
$ 295,250
2 %
7 %
Average List Price of all Current Listings
$ 362,374
1 %
7 %
April Median Sales Price
$ 238,000
3 %
3 %
7 %
4 %
$ 230,000
2 %
0 %
April Average Sales Price
$ 272,681
1 %
4 %
1 %
3 %
$ 262,596
-2%
-1%
Total Properties Currently for Sale ( Inventory )
1,146
-1%
-20%
April Number of Properties Sold
234
20 %
23 %
638
25 %
April Average Days on Market ( Solds )
125 -14% -9% -20% -14%
138
-12%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 221
-3%
-1%
-1%
0 %
$ 224
1 %
1 %
April Sold Price per Square Foot
$ 200
-9%
-1%
3 %
2 %
$ 203
4 %
3 %
April Month ' s Supply of Inventory
4.9 -18% -30% -35% -46%
8.2
-29%
-9%
April Sale Price vs List Price Ratio
93.9 %
1.6 % 1.4 % 2.4 % 1.5 %
92.6 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
250
April Property sales were 234 , up 23.2 % from 190 in April of
2016 and 20.0 % higher than the 195 sales last month . April
Property
2017 sales Sales were at their highest level compared to April of
2016250
200
April and Property 2015 . April sales YTD were sales 234 , of up 638 23.2 are % from running 19025.1 in April % ahead of of
2016 last and year 20.0 ' s year-to-date % higher than sales the of 195 510 sales . last month . April
2017 sales were at their highest level compared to April of 2016
200
150
and 2015 . April YTD sales of 638 are running 25.1 % ahead of
last year ' s year-to-date sales of 510 .
150
100

Worcester

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100
50
168 154 112 147 148 157
50
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 $ 238,000 , up 6.5 % from
M
14
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
Prices
$ 223,450 in April of 2016 and up 3.5 % from $ 230,000 last
The month Median . The Sales Average Price Sales in April Price was in $ 238,000 April was , up $ 272,681 6.5 % from , up 0.6 %
$ from 223,450 $ 270,982 in April in of April 2016 of and 2016 up 3.5 and % up from 1.0 $ % 230,000 from $ 269,856 last last
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
month . . The April Average 2017 Sales ASP was Price at in a April mid range was $ 272,681 compared , up to 0.6 April % of from $ 270,982 in April of 2016 and up 1.0 % from $ 269,856 last
270
2016 and 2015 . month . April 2017 ASP was at a mid range compared to April of
250
250
230
2016 and 2015 .
230
210
210
190
190
170
170
150
150
M
M
J
14
J
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 1,146 Inventory , down 1.3 of % Properties from 1,161 available last month for sale and as down of April 20.5 %
2,000 was from 1,146 1,441 , down in April 1.3 % of from last 1,161 year last . April month 2017 and Inventory down 20.5 was % at its
2,000 from lowest 1,441 level in April compared of last with year . April of 2017 2016 Inventory and 2015 was . at its
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
18.0
16.0
14.0
lowest level compared with April of 2016 and 2015 .
1,500
14.0
12.0
12.0
1,000
10.0
1,000
A comparatively lower MSI is more beneficial for sellers while a
8.0
A comparatively lower MSI is more beneficial for sellers while a
6.0 higher MSI is better for buyers . The April 2017 MSI of 4.9
500 higher MSI is better for buyers . The April 2017 MSI of 4.9
500
4.0 months was at its lowest level compared with April of 2016 and months was at its lowest level compared with April of 2016 and
2.0
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
10.0
8.0
6.0
4.0
2.0
0.0
135 120
168 154 112 147 148 157 135 120 107 104 128 153 189 164 147 142 149 172 118 152 110 96 114 190 201 201 174 141 183 180 138 165 97 112 195 234
1,699 1,721 1,712 1,720 1,684 1,653 1,586
1,699 1,721 1,712 1,720 1,684 1,653 1,586 1,456 1,445 1,488
107 104 128 153 189 164 147 142 149 172
1,456 1,445 1,488 1,526 1,594 1,608 1,595 1,590 1,560 1,515 1,501
1,394 118
1,526 1,594 1,608 1,595 1,590 1,560 1,515 1,501 1,394 1,312 1,288 1,374 1,438 152 110 96 114 190 201 201 174 141 183
1,312 1,288 1,374 1,438 1,441 1,412 1,383 1,365 1,352 1,328 1,321 1,252
180
1,441 1,412 1,383 1,365 1,352 1,328 1,321 1,252 1,154 1,157 1,141 1,161
138 1,146
165 97 112
1,154 1,157 1,141 1,161 1,146 195 234
40 | 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 .