Market Action Report August 2016
Community Information
Market Action Report August 2016
County : Dorchester
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 |
$ 190,500 |
-5% |
|
0 % |
|
|
|
|
Average List Price of all Current Listings |
$ 324,758 |
-0% |
|
9 % |
|
|
|
|
August Median Sales Price |
$ 142,450 |
-25% -2% |
-5% |
10 % |
$ 142,500 |
10 % |
10 % |
August Average Sales Price |
$ 194,080 |
-25% |
0 % |
-30% |
12 % |
$ 180,823 |
2 % |
5 % |
Total Properties Currently for Sale ( Inventory ) |
339 |
3 % |
|
-10% |
|
|
|
|
August Number of Properties Sold |
30 -38% |
3 % |
254 |
2 % |
August Average Days on Market ( Solds ) |
81 -28% -22% -55% -39% |
118 |
-13% |
-11% |
Asking Price per Square Foot ( based on New Listings ) |
$ 143 |
4 % |
8 % |
0 % |
21 % |
$ 125 |
2 % |
6 % |
August Sold Price per Square Foot |
$ 104 |
-14% |
1 % |
15 % |
15 % |
$ 94 |
6 % |
3 % |
August Month ' s Supply of Inventory |
11.3 |
64 % |
23 % -13% |
-2% |
10.8 |
-13% |
-7% |
August Sale Price vs List Price Ratio |
92.2 %
1.4 %
|
. 9 % |
9.5 % 7.6 % |
89.4 % |
5 % |
4 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales August Property sales were 30 , up 3.4 % from 29 in August of 2015 and 37.5 % lower than the 48 sales last month . August Property Sales 2016 sales were at their highest level compared to August of 60 August Property sales were 30 , up 3.4 % from 29 in August of 2015 and 2014 . August YTD sales of 254 are running 2.0 % 2015 and 37.5 % lower than the 48 sales last month . August
50
2016
ahead sales
of last were
year at their
' s year-to-date highest level
sales compared
of 249 .
to August of 2015 and 2014 . August YTD sales of 254 are running 2.0 %
40 ahead of last year ' s year-to-date sales of 249 .
Dorchester
Agent Name
Title Phone Website Other
Community Information
30
60
50
40
30
20
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
20
10
10 0
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
0 13 14 15
16 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
Prices 13 14 Median Sales 15Price and Average Sales 16 Price
3 Mo Avg
The Median Sales Price in August was $ 142,450 , down 5.0 % Prices
300 from $ 150,000 in August of 2015 and down 25.4 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The $ 190,950
Median last Sales month Price
. in The August
Average was $ Sales 142,450
Price , down in August 5.0 % was 300 from $ 150,000 in August of 2015 and down 25.4 % from $ 194,080 , down 30.1 % from $ 277,716 in August of 2015 and 250 $ 190,950 last month . The Average Sales Price in August was down 25.0 % from $ 258,860 last month . August 2016 ASP was $ 194,080 , down 30.1 % from $ 277,716 in August of 2015 and 250 at a mid range compared to August of 2015 and 2014 .
200 down 25.0 % from $ 258,860 last month . August 2016 ASP was at a mid range compared to August of 2015 and 2014 .
200 150
150 100
100 50
50 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 13 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 A16M J J A 13 14
15 16
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of August Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 339 , Inventory up 2.7 % from of Properties 330 last available month and for sale down as 10.1 of August % from 450 35.0 was 339 , up 2.7 % from 330 last month and down 10.1 % from 450 35.0
377 in August of last year . August 2016 Inventory was at its 400
30.0 377 in August of last year . August 2016 Inventory was at its 400 lowest level compared with August of 2015 and 2014 .
350 30.0 lowest level compared with August of 2015 and 2014 . 350
25.0 300
25.0 300
250 20.0
250 20.0
200 200
15.0
15.0 A comparatively lower MSI is more beneficial for sellers while A comparatively lower MSI is more beneficial for sellers while a 150 a 150
10.0
10.0 higher
higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 11.3
of 11.3 100
100 months months was was at at its its lowest lowest level level compared compared with with August August of 2015 of 2015 50 50
5.0 5.0 and and 2014 2014 . .
0 0
0.0 0.0
S O SN OD NJ FD MJ
AF M JA JM AJ S J OAN SD OJ
NF DM JA MF MJ AJ MA SJ
OJ NA DS JO FN MD AJMF JMJ AA M J J A
13 13 14 14
15 15
16 16
18 21 24 21 22 10 18 27 23 32 30 27 29 28 26 40 15 23 37 39 32 35 39 29 35 40 28 39 27 33 25 20 35 36 48 30
365 355
18
365 350
21 355
337 24 21 22 10 18 27 23
338 350
333 337
359 338
333 382
383 359 384
382 378
383
32 384
362
360 30 27 29 28 26 40 15 23 37 39 32
378
352 362
348 360
340
352 336 329
348
338 340
349 336
329 360
338 375
349 391
377 360
371 375
338 391
340 377
315 371 304 338
299 340
317 315 323 304 342 299 336 317 330 323 339
342
35 39 29 35 40 28 39 27 33 25 20
336 35
330 36
339 48 30
18 | 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 .