MA ARCHIVED August 2017 | Page 30

Market Action Report
County: Prince Georges
August 2017
Prince George’s
Market Action Report
County: Prince Georges
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
August 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$339,700
3%
13%
Other
$380,952 Trending
4% versus*:
15%
Month
LM -2%
L3M 0%
PYM 7%
LY
$299,900
$339,700
3% -4% -1%
13% 7%
$302,164
$380,952 1,592
4% -6% 15% -23%
$299,900 817
-2% 15%
0% 7% 15%
9%
$302,164 -4%
-1%
7%
8%
42 11% 2% -7%
1,592 -6%
-23%
$14 9 -1% -2% 4%
817 15%
15%
$143 -4% -3% 4%
42 11% 2% -7% -22%
1.9 -19% -11% -33%
$149 -1% -2% 4% 8%
98.7% -.6% -.1% .7%
Average List Price of all Current Listings
Market
Trends
August Profile
Median &
Sales
Price Overview
Median
Price of
all Current
August List
Average
Sales
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
August
Sales
Price
August Median
Number
of Properties
Sold
August Average Sales Price
August Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
August Number of Properties Sold
August Sold Price per Square Foot
August Average Days on Market (Solds)
August Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
August Sale Price vs List Price Ratio
August Sold Price per Square Foot
August Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 9%
Prior Year
$295,000
9%
8%
$299,280
7%
7%
9%
$295,000 5,421
9%
$299,280
9%
-22%
48
5% 7%
-14% 7%
8%
$150
9%
5,421
5%
6%
$143
8%
48 -14%
-11%
-38%
2.5 -23%
$150
9%
9%
.4%
98.5%
0%
-11%
9%
7%
-21%
0%
$143 -4% -3% 4% 6%
$143
8%
7%
1.9 -19% -11% -33% -38%
2.5 -23%
-21%
of 98.5%
Properties
98.7% -.6% -.1% .7% Number
.4%
0% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
August Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
900
August Property sales were 817, up 14.6% from 713 in August of
800
2016 and 14.9% higher than the 711 sales last month. August
Property
2017 sales Sales
were at their highest level compared to August of 900 700
August
Property
were YTD
817, sales
up 14.6%
from are
713 running
in August
of
2016 and
2015. sales
August
of 5,421
5.2%
800 600
2016
and
higher
than the 711 sales
sales of
last
month. August
ahead
of 14.9%
last year's
year-to-date
5,154.
2017 sales were at their highest level compared to August of
700 500
662
0
100
100
Prices
14
The Median Sales Price in August was $299,900, up 7.1% from
Prices
$280,000 in August of 2016 and down 2.0% from $306,000
340
The
in August
was $299,900,
7.1%
from
last Median
month. Sales
The Price
Average
Sales Price
in August up
was
$302,164,
up
$280,000
in
August
of
2016
and
down
2.0%
from
$306,000
7.2% from $281,894 in August of 2016 and down 3.6% from 340 320
last
month. last
The month.
Average August
Sales Price
August
$302,164,
$313,458
2017 in ASP
was was
at the
highest up
level
320 300
7.2%
from $281,894
in of
August
2016
and down 3.6% from
compared
to August
2016 of
and
2015.
$313,458 last month. August 2017 ASP was at the highest level
300 280
15
16
734
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
S O N D J F M A M Median
J J A S O Sales
N D J Price
F M A and
M J Average
J A S O Sales
N D J Price
F M A M J J A
0
200
500 300
400 200
300
compared to August of 2016 and 2015.
3 Mo Avg
600 400
2016 and 2015. August YTD sales of 5,421 are running 5.2%
ahead of last year's year-to-date sales of 5,154.
Number of Properties Sold
3 Mo Avg
17
Median Sales Price and Average Sales Price
3 Mo Avg
280 260
260 240
240 220
220 200
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
200
S 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
14
15
16
17
1,500
1,500
A comparatively lower MSI is more beneficial for sellers while a
6.0
6.0
2,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,000
5.0
4.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of August
3,000
was Total
1,592,
down 6.4%
from 1,701
last month
and
22.8%
The
Inventory
of Properties
available
for sale
as down
of August
from
2,063
in August
of last
year.
August and
2017
Inventory
at 2,500
was
1,592,
down
6.4% from
1,701
last month
down
22.8% was 3,000
from
2,063 level
in August
of last with
year. August
August of
2017
Inventory
was at 2,500
its lowest
compared
2016
and 2015.
2,000
its lowest level compared with August of 2016 and 2015.
3.0
2.0
A higher
comparatively
lower MSI
is more The
beneficial
for 2017
sellers
while
a 1,000
MSI is better
for buyers.
August
MSI
of 1.9
500
higher
MSI
is better
for buyers.
August with
2017 August
MSI of 1.9
months
was
at its lowest
level The
compared
of 2016 500
1.0
months
was at its lowest level compared with August of 2016
0
and 2015.
0
0.0
and 2015.
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
Copyright
© Coldwell
Banker Residential
Brokerage
| Price
Range: | Property
All | Property
Types:
SFH - Con
Copyright
© | Coldwell
Price
SFH - Con
30
c o Banker
l d Residential
w e l l Brokerage
b a n | k
e Range:
r h o All m
e s . Types:
com
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
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
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
5.0
4.0
3.0
2.0
1.0
0.0