MA ARCHIVED August 2017 | Page 20

Market Action Report August 2017
Community Information
Market Action Report August 2017

County : Frederick

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
$ 389,900
1 %
8 %
Average List Price of all Current Listings
$ 425,066
0 %
7 %
August Median Sales Price
$ 336,250
0 %
1 %
12 %
13 %
$ 324,900
10 %
9 %
August Average Sales Price
$ 341,865
-3%
-1%
6 %
7 %
$ 336,987
6 %
6 %
Total Properties Currently for Sale ( Inventory )
1,292
-5%
-12%
August Number of Properties Sold
378
2 %
-6%
2,805
5 %
August Average Days on Market ( Solds )
49
4 %
7 %
-16% -27%
55
-18%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 150
3 %
2 %
6 %
6 %
$ 145
3 %
3 %
August Sold Price per Square Foot
$ 138
-4%
-3%
-1%
3 %
$ 139
4 %
4 %
August Month ' s Supply of Inventory
3.4
-7%
4 %
-7%
-20%
3.7
-17%
-14%
August Sale Price vs List Price Ratio
97.5 %
. 5 %
. 0 %
1.4 % 1.9 %
97.0 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
August Property sales were 378 , down 5.7 % from 401 in August
of 2016 and 2.4 % higher than the 369 sales last month . August
Property
2017 sales Sales were at a mid level compared to August of 2016 and
600
500
August
2015 . Property August YTD sales sales were of 378 2,805 , down are 5.7 running % from 401 4.7 % in ahead August of last of year 2016 ' s year-to-date and 2.4 % higher sales than of 2,680 the 369 . sales last month . August
500
2017 sales were at a mid level compared to August of 2016 and
400
2015 . August YTD sales of 2,805 are running 4.7 % ahead of last year ' s year-to-date sales of 2,680 .
400
300
300
200

Frederick

Agent Name
Title Phone Website Other

Community Information

200 100
277 292 231 251
Number of Properties Sold
100
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
14
15
16
17
Prices
The Median Sales Price in August was $ 336,250 , up 12.5 % from
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
14
15
16
17
J
A
3 Mo Avg
Prices
$ 299,000 in August of 2016 and up 0.4 % from $ 334,900 last
The month Median . The Sales Average Price Sales in August Price was in August $ 336,250 was , up $ 12.5 341,865 % from , up
$
6.3 299,000 % from in $ August 321,715 of in 2016 August and of up 2016 0.4 % and from down $ 334,900 3.3 % last from
390
390
370
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 353,551 . The last Average month Sales . August Price 2017 in August ASP was $ at 341,865 the highest , up level
6.3 % from $ 321,715 in August of 2016 and down 3.3 % from
370 compared to August of 2016 and 2015 .
$ 353,551 last month . August 2017 ASP was at the highest level
350
350
330
compared to August of 2016 and 2015 .
330
310
310
290
290
270
270
250
250
S
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
O
14 N D
J
F
15 M 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 M J
J
A
J
A
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 August
The was Total 1,292 Inventory , down 4.6 of % Properties from 1,355 available last month for sale and as down of August 12.0 %
2,000 was from 1,292 1,468 , down in August 4.6 % from of last 1,355 year last . August month and 2017 down Inventory 12.0 % was at
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
from its lowest 1,468 in level August compared of last with year . August of 2017 2016 Inventory and 2015 was . at its lowest level compared with August of 2016 and 2015 .
1,500
1,500
7.0
6.0
1,000
5.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 3.4 a higher MSI is better for buyers . The August 2017 MSI of 3.4
500 months was at its lowest level compared with August of 2016 months and 2015 was
. at its lowest level compared with August of 2016 and 2015 .
0
3.0
500
2.0
1.0
0
0.0
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
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
14
15
16
17
14
15
16
17
277 292 231 251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 275 330 413 440 389 401 362 311 316 304 245 202 311 361 448 491 369 378
1,629 1,580
1,462 1,358 1,272 1,283
179
1,629
1,580 1,462 1,358 1,272
206
1,360
1,508 264 279 355 513 382
1,619 1,666 1,508 1,726
1,666 1,693 1,656
1,283 1,360
1,619
Number of Properties Sold
342 340 318 247
1,666 1,726 1,666 1,693 1,656
1,484
333
1,484 1,347 1,250 1,231
1,369 205 227 275
1,347 1,250 1,231
1,369
330 413 440
1,423 1,447 1,515 1,520 1,468 1,478 1,389
389
1,423 1,447 1,515 1,520 1,468 401 362 311 316
1,478 1,389
1,243 1,090
304
1,243 1,090 1,024 1,043 1,163 1,258
245 202
3 Mo Avg
311
1,318 1,362 1,355 1,292
1,024 1,043
1,163
361 448
1,258 1,318 1,362
3 Mo Avg
491 369
1,355 1,292
378
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
20 | 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 .