MA ARCHIVED August 2016 | Page 28

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

County : Montgomery

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
$ 599,000
2 %
14 %
Average List Price of all Current Listings
$ 829,809
2 %
11 %
August Median Sales Price
$ 469,750
-4%
-3%
4 %
6 %
$ 465,000
3 %
4 %
August Average Sales Price
$ 592,154
2 %
1 %
2 %
6 %
$ 575,185
2 %
3 %
Total Properties Currently for Sale ( Inventory )
2,203
-9%
-19%
August Number of Properties Sold
932
-1%
12 %
6,428
8 %
August Average Days on Market ( Solds )
44
10 %
7 %
-2%
-12%
48
2 %
-4%
Asking Price per Square Foot ( based on New Listings )
$ 240
2 %
-1%
7 %
-1%
$ 245
2 %
1 %
August Sold Price per Square Foot
$ 225
-4%
-4%
-4%
-2%
$ 232
0 %
1 %
August Month ' s Supply of Inventory
2.4
-8%
-0% -28% -34%
3.0
-17%
-17%
August Sale Price vs List Price Ratio
96.7 %
-. 6 % -. 7 %
. 9 %
. 6 %
96.9 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
1,400 August Property sales were 932 , up 11.8 % from 834 in August of 2015 and 1.2 % lower than the 943 sales last month . August 1,200 Property Sales 2016 sales were at their highest level compared to August of 1,400 August Property sales were 932 , up 11.8 % from 834 in August of 2015 and 2014 . August YTD sales of 6,428 are running 7.8 % 1,000 2015 and 1.2 % lower than the 943 sales last month . August 1,200 2016
ahead sales
of last were
year at their
' s year-to-date highest level
sales compared
of 5,965 to
. August of
800
2015 and 2014 . August YTD sales of 6,428 are running 7.8 % 1,000 ahead of last year ' s year-to-date sales of 5,965 .
600
800

Montgomery

Agent Name
Title Phone Website Other

Community Information

600 400
400 200
Number of Properties Sold
200 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 15 Price and Average Sales 16Price
3 Mo Avg
The Median Sales Price in August was $ 469,750 , up 4.4 % from Prices
700 $ 449,950 in August of 2015 and down 4.1 % from $ 490,000 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month
Median . The
Sales Average
Price
Sales in August
Price was in August
$ 469,750 was , up $ 4.4 592,154
% from
, up 700 $ 449,950 in August of 2015 and down 4.1 % from $ 490,000 last 650 1.8 % from $ 581,949 in August of 2015 and up 2.0 % from month . The Average Sales Price in August was $ 592,154 , up $ 580,292 last month . August 2016 ASP was at the highest level 650 1.8 % from $ 581,949 in August of 2015 and up 2.0 % from
600 compared to August of 2015 and 2014 . $ 580,292 last month . August 2016 ASP was at the highest level 600
550 compared to August of 2015 and 2014 .
550 500
500
450
656 672 561
656 672 561 616 440 423 538 636 880 974 806 763 667 666 544 718 454 400 608 737 897 1,088 947 834 755 698 641 721 479 470 600 829 1,010 1,165 943 932
450
400
400
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 2,203 Inventory , down 9.0 of Properties % from 2,422 available last month for sale and as of down August 19.2 %
3,500 was 2,203 , down 9.0 % from 2,422 last month and down 19.2 %
3,500
6.0 from 2,728 in August of last year . August 2016 Inventory was at
3,000 from its lowest 2,728 in level August compared of last with year . August August of 2016
2015 Inventory and 2014 was . at
3,000
5.0 its lowest level compared with August of 2015 and 2014 .
2,500
2,500
2,000
4.0
2,000
1,500
3.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
1,000
2.0
1,000 higher higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 2.4
of 2.4
1.0 months months was was at at its its lowest lowest level level compared compared with with August August of 2015 of 2015
500
500 and and 2014 2014 . .
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
6.0
5.0
4.0
3.0
2.0
1.0
0.0
13
13
14
14
15
15
16
16
2,328
2,252 2,015
2,328 2,252
2,015 1,693 1,644
616 440
1,706 1,963
423
1,693 1,644 1,706
538
2,269 2,636 2,771
636
1,963 2,269
880 974 806
2,716 2,636 2,677
2,912 2,783
2,345 1,996 1,880
Number of Properties Sold
763 667
2,771 2,716 2,677 2,912 2,783 666 544
2,345 1,996
718
1,997 2,261
454 400 608
2,638 2,917 3,001
2,638 2,911
1,880 1,997
2,261
737 897 1,088 947
2,917 3,001 2,911
2,728
2,728 2,888 2,799
2,340
834 755
2,888 2,799
698 2,340
1,902 1,794 1,803
2,174
641 721 479
2,507 2,477 2,536 2,422
3 Mo Avg
470
1,902 1,794 1,803
2,174
600
2,203 829 1,010
2,507 2,477 2,536
3 Mo Avg
1,165 943
2,422 2,203
932
28 | 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 .