MA ARCHIVED August 2016 | Page 24

Market Action Report August 2016
Community Information
Market Action Report August 2016

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
$ 599,970
0 %
6 %
Average List Price of all Current Listings
$ 680,192
4 %
10 %
August Median Sales Price
$ 468,000
-1%
0 %
-4%
3 %
$ 460,000
0 %
1 %
August Average Sales Price
$ 489,737
-3%
-1%
-4%
1 %
$ 489,094
0 %
1 %
Total Properties Currently for Sale ( Inventory )
934
-4%
-12%
August Number of Properties Sold
308
1 %
9 %
2,004
8 %
August Average Days on Market ( Solds )
41
-7%
-2% -33% -25%
50
-7%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 187
-1%
0 %
3 %
1 %
$ 189
3 %
2 %
August Sold Price per Square Foot
$ 179
-2%
-3%
1 %
1 %
$ 182
2 %
3 %
August Month ' s Supply of Inventory
3.0
-4%
2 %
-19% -33%
3.9
-16%
-15%
August Sale Price vs List Price Ratio
97.3 %
. 3 %
-. 0 % 1.5 % 1.4 %
96.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Howard

Agent Name
Property Sales
400
August Property sales were 308 , up 9.2 % from 282 in August of
2015 and 0.7 % higher than the 306 sales last month . August
Property Sales
2016 sales were at their highest level compared to August of
400
August Property sales were 308 , up 9.2 % from 282 in August of
2015 and 2014 . August YTD sales of 2,004 are running 8.3 %
2015 and 0.7 % higher than the 306 sales last month . August
350
2016 ahead sales
of last were
year at their
' s year-to-date highest level
sales compared
of 1,851 to
. August of
300
2015 and 2014 . August YTD sales of 2,004 are running 8.3 % ahead of last year ' s year-to-date sales of 1,851 .
250
350
300
250
200
Number of Properties Sold
3 Mo Avg
200
150
150
100
100
50
50
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
Prices
The Median Sales Price in August was $ 468,000 , down 3.5 %
Prices from $ 485,000 in August of 2015 and down 1.0 % from
The
$ 472,755
Median last Sales month Price
. in The
August Average was
Sales $ 468,000
Price , down in August 3.5 % was
600 from $ 485,000 in August of 2015 and down 1.0 % from
$ 489,737 , down 3.6 % from $ 508,139 in August of 2015 and
$ 472,755 last month . The Average Sales Price in August was down 3.5 % from $ 507,370 last month . August 2016 ASP was at
$ 489,737 , down 3.6 % from $ 508,139 in August of 2015 and
550 the lowest level compared to August of 2015 and 2014 . down 3.5 % from $ 507,370 last month . August 2016 ASP was at
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
13
14
Median Sales
15 Price and Average Sales 16Price
600
Median Sales Price and Average Sales Price
3 Mo Avg
550
500
3 Mo Avg
the lowest level compared to August of 2015 and 2014 .
500
450
450
400
168 178
168 178 150 163 106 110 151 183 246 265 233 244 193 203 167 179 108 133 179 207 275 347 320 282 214 223 175 243 122 169 186 238 308 367 306 308
400
350
350
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
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 934 , Inventory down 3.7 of % Properties from 970 last available month for and sale down as of 11.9 August % from
1,200 was 934 , down 3.7 % from 970 last month and down 11.9 % from
1,200
1,060 in August of last year . August 2016 Inventory was at its
1,000
1,060 lowest in level August compared of last year with . August
August 2016 of 2015 Inventory and 2014 was . at its
1,000 lowest level compared with August of 2015 and 2014 .
800
800
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
4.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 3.0
of 3.0
200 months months was was at at its its lowest lowest level level compared compared with with August August of 2015 of 2015 and and 2014 2014 . .
0
400
3.0
2.0
200
1.0
0
0.0
S
O
NS OD NJ
FD MJ
AF
M JA JM AJ
S JOAN SD OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ NA DS JO FNM DAJMF
JMJ A M J
J A
13
13
14
14
15
15
16
16
884 872
799
150
Title Phone Website Other

Community Information

884 872
799
163 106
718 668 695 749 110 151 183
872 1,009
1,090
718 668 695 749
246 265 233
1,093 1,082 1,042 1,054 936
872 1,009
Number of Properties Sold
244 193 203 167
1,090 1,093 1,082 1,042 1,054 936
179
848 786 813 846 108 133 179 207 275 347 320
966 1,073 1,075 1,081 1,060 1,001 983 904
848 786 813 846 966 1,073 1,075 1,081 1,060 282 214 223
1,001 983
904 175
781 759 740
829
243 122 169 186
936 950 984 970 934
781 759 740
829
238 308
936 950 984
3 Mo Avg
367 306
970 934
308
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 .