MA ARCHIVED February 2017 | Page 38

Worcester Community Information

Worcester Community Information

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
$ 1,399,500
-1%
-8%
Average List Price of all Current Listings
$ 1,558,567
-3%
-0%
February Median Sales Price
$ 0
-100% -100% -100%
$ 1,525,000
15 %
17 %
February Average Sales Price
$ 0
0 %
-100% -100%
$ 0
-100%
-100%
Total Properties Currently for Sale ( Inventory )
30
15 %
-6%
February Number of Properties Sold
0
-100%
0
-100%
February Average Days on Market ( Solds )
0
0 %
-100% -100%
0
-100%
-100%
Asking Price per Square Foot ( based on New Listings )
$ 371
69 %
0 %
-8%
-14%
$ 320
-18%
-26%
February Sold Price per Square Foot
$ 0
0 %
-100% -100%
$ 0
-100%
-100%
February Month ' s Supply of Inventory
0.0
0 %
0 %
-100% -100%
0.0
-100%
-100%
February Sale Price vs List Price Ratio
0.0 %
. 0 % -100.0% -100.0%
0.0 %
-100%
-100%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
3 Mo Avg
Property Sales February Property sales were 0 , down 100.0 % from 1 in February of 2016 and higher than the 0 sales last month . February 2017 sales were at their lowest level compared to February of 2016 and 2015 . February YTD sales of 0 are running 100.0 % behind last year ' s year-to-date sales of 1 .
7 6 5 4
Number of Properties Sold
3 Mo Avg
3 2 1
Prices The Median Sales Price in February was $ 0 , down 100.0 % from $ 1,325,000 in February of 2016 and up from $ 0 last month . The Average Sales Price in February was $ 0 , down 100.0 % from $ 1,325,000 in February of 2016 and up from $ 0 last month . February 2017 ASP was at a mid range compared to February of 2016 and 2015 .
0 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
-1 14 15
16 17
Median Sales Price and Average Sales Price
3 Mo Avg
2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000
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
14
15
16
17
0 1 2 0 2 0 1 0 1 0 1 2 0 1 2 1 1 1 1 0 0 2 0 1 2 5 1 6 0 0 2 1 0 0 0 0
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of February was 30 , up 15.4 % from 26 last month and down 6.3 % from 32 in February of last year . February 2017 Inventory was at its lowest level compared with February of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2017 MSI of 0.0 months was at a mid level compared with February of 2016 and 2015 .
50 40 30 20 10 0
Total Inventory & Month ' s Supply of Inventory ( MSI )
50 50.0
40 40.0
30 30.0
20 20.0
10 10.0
0 0.0
M A M AJ MJ AJ SJ OA NS DO JN FDMJ
AFMM J AJ MA JS JO AN SD OJ
NF MD AJ MF MJ JA AM SJ OJ NA DS J OF
N D J F
14 14
15 15
16 16
17 17
38
34 38
33
37 34
36 33
37 42 47
42 47
36
47 43
47 40
43
38
41 40 43 38
41
38 41
43
38 41
42
38 42
42 38 43
43 42
37 43 43
29 29
37
32 29
30 29
27 32 30
24 25
30 27 33
24 30
31 30 30
25 30
33 30
26 31
30 30
30
26
30
50.0 40.0 30.0 20.0 10.0 0.0
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