MA ARCHIVED August 2017 | Page 24

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

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
$ 640,000
3 %
10 %
Average List Price of all Current Listings
$ 692,940
4 %
6 %
August Median Sales Price
$ 490,000
-2%
-2%
2 %
7 %
$ 485,000
5 %
6 %
August Average Sales Price
$ 523,484
0 %
1 %
5 %
6 %
$ 507,428
3 %
3 %
Total Properties Currently for Sale ( Inventory )
798
-6%
-19%
August Number of Properties Sold
293 -11%
-9%
2,075
3 %
August Average Days on Market ( Solds )
36
3 %
-3% -14% -29%
45
-10%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 199
5 %
6 %
8 %
5 %
$ 190
1 %
1 %
August Sold Price per Square Foot
$ 181
1 %
-1%
-0%
0 %
$ 183
0 %
1 %
August Month ' s Supply of Inventory
2.7
5 %
5 %
-11% -27%
3.1
-21%
-18%
August Sale Price vs List Price Ratio
97.1 %
-. 4 % -. 4 % -. 4 %
. 5 %
97.2 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Howard

Agent Name
Property Sales
400
August Property sales were 293 , down 9.0 % from 322 in August of 2016 and 10.9 % lower than the 329 sales last month . August
350
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at a mid level compared to August of 2016 and
400
August
2015 . Property August YTD sales sales were of 293 2,075 , down are 9.0 running % from 2.6 322 % in ahead August of last of 2016 and 10.9 % lower than the 329 sales last month . August
350 year ' s year-to-date sales of 2,023 .
2017 sales were at a mid level compared to August of 2016 and
300
2015 . August YTD sales of 2,075 are running 2.6 % ahead of last
300
250
200
year ' s year-to-date sales of 2,023 .
250
150
200
100
150
50
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in August was $ 490,000 , up 2.1 % from
Prices
$ 480,000 in August of 2016 and down 2.0 % from $ 500,000
The last Median month Sales . The Price Average in August Sales Price was $ 490,000 in August , up was 2.1 $ % 523,484 from ,
600
$ up 480,000 5.3 % from in August $ 497,082 of 2016 in and August down of 2.0 2016 % from and up $ 500,000 0.1 % 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
J
A
14
15
16
17
600
Median Sales Price and Average Sales Price
3 Mo Avg
550
3 Mo Avg
last
$ 523,029 month . last The month Average . August Sales Price 2017 in ASP August was was at the $ 523,484 highest , level
550 up compared 5.3 % from to $ August 497,082 of in 2016 August and of 2015 2016 . and up 0.1 % from
500
$ 523,029 last month . August 2017 ASP was at the highest level
500
450
compared to August of 2016 and 2015 .
450
400
400 350
193 203
193 203 167 179 108 133 179 207 275 347 320 282 214 223 175 243 122 169 186 238 308 371 307 322 232 250 213 257 166 141 246 233 304 363 329 293
350
300
300
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 798 , Inventory down 6.1 % of from Properties 850 last available month for and sale down as of 19.2 August % from
1,200 was 988798 in , August down 6.1 of % last from year 850 . August last month 2017 and Inventory down 19.2 was % from at its
1,200
1,000
988 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its lowest level compared with August of 2016 and 2015 .
1,000
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
800
600
5.0
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The August 2017 MSI of 2.7 higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 2.7 of 2016
200 months and 2015 was
. at its lowest level compared with August of 2016 and 2015 .
0
4.0
400
3.0
200
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
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1,042 1,054 936
167
Title Phone Website Other

Community Information

1,042 1,054 936 179 108
848 786
848 786 813 846 133 179 207 275 347 320
966 1,073 1,076 1,082 1,061 1,002 987
813
846 966 1,073
Number of Properties Sold
282
908 214 223 175
1,076 1,082 1,061 1,002 987
908
243
785 764 746
835 122 169
944 962
186
785 764 746
835
238 308 371
1,002 1,002 988 964
883 307
944 962 1,002 1,002 988
769 322 232
964 883
250 769
213
635 610 578
689
257 166
781 876 905
141
635 610 578
689 246
850
798 233 304
781 876 905
3 Mo Avg
363 329
850 798
293
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 .