MA ARCHIVED August 2017 | Page 28

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

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
$ 620,000
-2%
8 %
Average List Price of all Current Listings
$ 911,367
1 %
15 %
August Median Sales Price
$ 492,000
4 %
0 %
5 %
7 %
$ 480,000
3 %
5 %
August Average Sales Price
$ 603,020
4 %
1 %
2 %
7 %
$ 588,881
2 %
4 %
Total Properties Currently for Sale ( Inventory )
2,031
-9%
-14%
August Number of Properties Sold
867
3 %
-8%
6,487
1 %
August Average Days on Market ( Solds )
39
15 %
11 % -11% -20%
41
-15%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 244
-3%
-3%
3 %
-2%
$ 251
2 %
1 %
August Sold Price per Square Foot
$ 238
2 %
0 %
6 %
3 %
$ 240
3 %
3 %
August Month ' s Supply of Inventory
2.3 -11%
1 %
-6%
-23%
2.5
-17%
-17%
August Sale Price vs List Price Ratio
97.1 %
-. 3 % -. 7 %
. 4 %
. 4 %
97.6 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400
August Property sales were 867 , down 7.9 % from 941 in August
of 2016 and 2.7 % higher than the 844 sales last month . August
1,200
Property
2017 sales Sales were at a mid level compared to August of 2016 and
1,400
August
2015 . Property August YTD sales sales were of 867 6,487 , down are 7.9 running % from 0.7 941 % in ahead August of last
1,000
of year 2016 ' s year-to-date and 2.7 % higher sales than of 6,445 the 844 . sales last month . August
2017 sales were at a mid level compared to August of 2016 and
1,200
800
2015 . August YTD sales of 6,487 are running 0.7 % ahead of last
1,000
year ' s year-to-date sales of 6,445 .
600
800
400
600
400
200

Montgomery

Agent Name
Title Phone Website Other

Community Information

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
14
15
16
17
Prices
The Median Sales Price in August was $ 492,000 , up 4.8 % from
Prices
$ 469,500 in August of 2016 and up 3.6 % from $ 474,750 last
The month Median . The Sales Average Price Sales in August Price was in August $ 492,000 was , up $ 603,020 4.8 % from , up
700
$
2.2 469,500 % from in $ August 590,186 of 2016 in August and up of 3.6 2016 % from and up $ 474,750 4.3 % from last
S
O N D
J
F M A
MMedian J
J
A S Sales O N D Price
J
F M and A M Average J
J
A S OSales N D
J Price
F M A M J
J
A
14
15
16
17
700
Median Sales Price and Average Sales Price
3 Mo Avg
650
3 Mo Avg
month
$ 578,066 . The last Average month Sales . August Price in 2017 August ASP was $ at 603,020 the highest , up level
650
2.2 compared % from $ to 590,186 August in of August 2016 of and 2016 2015 and . up 4.3 % from
600
$ 578,066 last month . August 2017 ASP was at the highest level
600
550
compared to August of 2016 and 2015 .
550
500
500 450
667 666 544 718 454 400 608 737 897 1,088 947 834 755 698 641 721 479 470 600 830 1,010 1,169 946 941 679 726 685 692 521 531 777 834 949 1,164 844 867
450
400
400
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 2,031 Inventory , down 8.6 of % Properties from 2,222 available last month for sale and as of down August 13.8 %
3,500 was from 2,031 2,357 , down in August 8.6 % from of last 2,222 year last . August month 2017 and down Inventory 13.8 % was at
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
6.0
5.0
from its lowest 2,357 in level August compared of last year with . August of 2017 2016 Inventory and 2015 was . at
3,000
2,500
5.0 its lowest level compared with August of 2016 and 2015 .
2,500
2,000
4.0
2,000
1,500
3.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
A comparatively lower MSI is more beneficial for sellers while a
2.0 higher MSI is better for buyers . The August 2017 MSI of 2.3
1,000 higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 2.3 of 2016
500
1.0 months was at its lowest level compared with August of 2016
500 and 2015 .
0 and 2015 .
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
4.0
3.0
2.0
1.0
0.0
2,915
2,786 667 666
2,915
2,786 544 718
2,349 2,000 1,884 2,002
454
2,349 2,000 1,884
2,266
2,644 400 608 737 897 1,088 947
2,923 3,007 2,918 2,737 2,897 2,809
2,002 2,266
2,644 2,923
Number of Properties Sold
834 755
3,007 2,918 2,737 2,897 2,809 698 641
2,352 1,919
2,352 1,919 1,812 1,831
721 479 470 600 830 1,010 1,169 946
2,557 2,539 2,607 2,514 2,357
2,212
1,812 2,557
1,831 2,539
2,212 2,607 2,514 2,357 2,507 2,332
2,043
941 679 726
1,654 1,547 1,564
1,901 685
2,507 2,332
2,043
1,654 692 521
2,140 2,252 2,321
3 Mo Avg
531
1,547 1,564
1,901
777
2,222
2,031 834 949
2,140 2,252 2,321
3 Mo Avg
1,164 844
2,222 2,031
867
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 .