MARKET ACTION REPORT
MARKET
ACTION REPORT
County: Somerset
County: Somerset
Somerset
February 2016
February 2016
Agent Name
Title
Agent
Phone Name
Title
Website
Other
Phone
Website
Trending versus*:
Other
Community Information
Price Range: All | Properties: SFH - Condo
Price Range: All | Properties: SFH - Condo
Market Profile & Trends Overview
Month
LM
L3M PYM
Trending versus*:
LY
YTD
Prior YTD
Prior Year
Trending versus*:
Trending versus*:
$159,000 4%
Median List Price of all Current Listings
16%
LM L3M PYM
LY
Market
Profile
Overview
Month -3%
YTD Prior YTD Prior Year
$234,082
Average List
Price of&
allTrends
Current Listings
11%
$159,000
Median
List
Price
of
all
Current
Listings
4%
16%
$55,000
$70,000
February Median Sales Price
-26% -27% -39% -24%
-30%
-3%
$234,082
Average
List
Price of
all Current
11% -16%
$87,767 -3%
$89,071
February
Average
Sales
Price Listings
-3%
-4% -15%
-15%
-15%
$55,000
$70,000
February
Median Currently
Sales Price
-30%
-3%
199 -26%
Total Properties
for Sale (Inventory)
3% -27% -39%
-16% -24%
$87,767
$89,071
February
Average
Sales
Price
-3%
-4%
-15%
-16%
-15%
-15%
18 38%
31
February Number of Properties Sold
80%
63%
199
Total
Properties
Currently
Sale (Inventory)
3% 22% -16%
169 74%
139
February
Average
Days onfor
Market
(Solds)
12% 19%
-9%
-2%
18 38%
31
February
Number
of Properties
Sold on New Listings)
63%
$81
$85
Asking Price
per Square
Foot (based
-9% -11% 80%
-6%
-5%
4%
0%
169
139 -20%
February
Days
Market
(Solds)
12% -14%
19%
-9%
-2%
$52 74%
$52
FebruaryAverage
Sold Price
peron
Square
Foot
0% 22%
-8% -19%
-15%
$81 -26%
$85 -49%
11.1
13.0
Asking
Price
per Square
Foot
(based on New Listings)
-9% -11%
-6% -33%
-5%
4%
0%
February
Month's
Supply
of Inventory
-7% -53%
-21%
$52 1.7%
$52 -3.3%
94.7%
92.6%
February
Square
0% 1.4%
-8% -19%
-20%
-15%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
5.1% -14%
2.7%
.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date11.1
| Arrows indicate if Month / YTD values are higher (up), lower (down) or13.0
unchanged (flat)
February
Month's Supply of Inventory
-26%
-7% -53% -33%
-49%
-21%
of Properties
94.7% 1.7% 1.4% Number
92.6% Sold
February Sale Price vs List Price Ratio
5.1% 2.7%
-3.3%
.4% 3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 30
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
0
Prices
The Median Sales Price in February was $55,000,
down 39.4% from $90,700 in February of 2015 and
Prices
down 25.7% from $74,000 last month. The Average
The Median Sales Price in February was $55,000,
Sales Price in February was $87,767, down 15.4%
down 39.4% from $90,700 in February of 2015 and
from $103,782 in February of 2015 and down 3.4%
down 25.7% from $74,000 last month. The Average
from $90,877 last month. February 2016 ASP was
Sales Price in February was $87,767, down 15.4%
at a mid range compared to February of 2015 and
from $103,782 in February of 2015 and down 3.4%
2014.
from $90,877 last month. February 2016 ASP was
at a mid range compared to February of 2015 and
2014.
Inventory & MSI
Number of Properties Sold
3 Mo Avg
16
14
10
17
18
19
17
18
18
10
8
10
20
15
13
18
14
24
15
17
20
14
9
10
23
16
22
22
9
23
19
16
17
21
13
18
25
30
20
25
15
20
10
15
5
10
0
5
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
13
14
15
16
16
14
10
17
18
19
17
18
18
10
8
10
20
15
13
18
14
24
15
17
20
14
9
10
23
16
22
22
9
23
19
16
17
21
13
18
Property Sales
February Property sales were 18, up 80.0% from 10
in FebruarySales
of 2015 and 38.5% higher than the 13
P