MA ARCHIVED February 2018 | Page 10

Market Action Report
Baltimore County
February 2018
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$143 4% 1% 6%
3.3 -6% 4% -24%
97.1% 1.6% 1.5% 1.6%
-1%
$140
1%
-3%
-3%
3.4 -23%
0%
Number of 96.3%
Properties
1.1%
1% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
February Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
10
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
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16
17
18
3 Mo Avg
900
February Property sales were 415, equal to 415 in February of
800
2017 and 1.7% higher than the 408 sales last month. February
Property
2018 sales Sales
were at their lowest level compared to February of 900 700
February
sales were YTD
415, sales
equal of
to 823
415 are
in February
2017 and Property
2016. February
running of
0.1%
800 600
2017
and of 1.7%
than the 408 sales
sales last
month. February
ahead
last higher
year's year-to-date
of 822.
2018 sales were at their lowest level compared to February of
700 500
500 300
400 200
143
800
Median Sales Price and Av erage Sales Price
533
17
18
3 Mo Avg
98%
97.1%
97%
95.6%
96%
95%
93.6%
94%
93%
92%
91%
90%
89%
280 260
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
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16
17
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260 240
A comparatively lower MSI is more beneficial for sellers while a
1,000
5.0
4.0
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while of a 3.3 1,000
MSI is better
for buyers.
February
2018 MSI
500
higher
MSI
is better
for buyers.
February
2018
MSI of 3.3
months
was
at its lowest
level The
compared
with
February
of 2017 500
months
was
at
its
lowest
level
compared
with
February
of
2017
0
and 2016.
0
and 2016.
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
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
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16
17
15
16
17
18
3.0
2.0
1.0
0.0
D J F
18
Copyright
© Coldwell
Banker Residential
Brokerage | Price
Range: All | Property
Types:
SFH - Con
Copyright
©
Range:
Types:
SFH - Con
10
| Coldwell
c o Banker
l d Residential
w e l l Brokerage
b a n | k Price
er
h o All m | Property
es . c
om
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 1,000
4.0 500
3.0 0
6.0
1,500
1,500
1,500
6.0
Total Inventory & Month's Supply of Inventory (MSI)
2,000
3,000
The Total Inventory
Inventory
& MSI of Properties available for sale as of
February
was 1,359,
4.8% available
from 1,427
last as
month
The
Total Inventory
of down
Properties
for sale
of and down
24.4% from
1,798 in
February
of last
year.
2018
February
was 1,359,
down
4.8% from
1,427
last February
month and
down 3,000 2,500
24.4%
from was
1,798 at in its
February
of last
year. February
2018
Inventory
lowest level
compared
with February
of 2,500
2,000
Inventory
at its lowest level compared with February of
2017 and was
2016.
2,000
2017 and 2016.
2,500
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
3,000
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
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16
17
18
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 654, up 10.1% from 594 last month and
down 7.4% from 706 in February of last year.
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
18
200
Inventory / New Listings / Sales
Inventory / New Listings / Sales
220 200
240 220
The Median Sales Price in February was $242,500, up 7.8%
Prices
from $225,000 in February of 2017 and down 2.5% from
340
The
Median last
Sales
Price in The
February
was
$242,500,
up February
7.8%
$248,750
month.
Average
Sales
Price in
was
from
$225,000
in
February
of
2017
and
down
2.5%
from
$283,701, up 4.8% from $270,792 in February of 2017 and 340 320
$248,750
last from
month.
The Average
Sales Price
in February
was was 300
down 6.0%
$301,678
last month.
February
2018 ASP
$283,701,
up 4.8%
from
$270,792
February of of 2017
2017 and
and 2016. 320
at the highest
level
compared
to in
February
down 6.0% from $301,678 last month. February 2018 ASP was 300 280
16
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
15
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 97.1% was up from 95.6% last month and up from
95.6% in February of last year.
Prices
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
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16
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18
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
Median Sales Price and Average Sales Price
3 Mo Avg
0
3 Mo Avg
135
133
100
0
100
200
200
190
180
170
160
150
140
130
120
110
100
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
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16
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300
at the highest level compared to February of 2017 and 2016.
3 Mo Avg
600 400
2017 and 2016. February YTD sales of 823 are running 0.1%
ahead of last year's year-to-date sales of 822.
Number of Properties Sold
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $143 was up
4.0% from $137 last month and up 5.5% from 135 in February of
last year.
February Sale Price vs List Price Ratio
February Sold Price per Square Foot
20
Asking Price per Square Foot (based on New Listings)
30
3%
1%
-3%
0%
0%
February Month's Supply of Inventory
40
February Average Days on Market (Solds)
53
50
February Sold Price per Square Foot
7%
823
0% -3%
7%
60 -19% -5%
2%
$154
2%
823
0%
-1%
$140
1%
60 -19%
3%
-3%
3.4 -23%
$154
2%
1%
1.1%
96.3%
1%
60
February Number of Properties Sold
$247,000
$292,613
-9%
71
70
Asking Price per Squar e Foot (based on New Listings)
7%
74
80
Total Properties Currently for Sale (Inventory)
-3%
-5%
90
February Average Days on Market (Solds)
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 53, down 19.7%
from 66 days last month and down 25.4% from 71 days in
February of last year. The February 2018 DOM was at its lowest
level compared with February of 2017 and 2016.
3 Mo Avg
100
February Average Sales Price
$292,613
Market Time
February
Sales
Price
February Median
Number
of Properties
Sold
Trending versus*:
YTD
Prior YTD 7%
Prior Year
$247,000
-5%
-8%
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Community Information
Market
Profile
& Sales
Trends
Overview
February
Median
Price
Median
List Average
Price of Sales
all Current
February
Price Listings
Title
Phone
Website
Other
Price Range: All | Properties: SFH - Con
$310,900
5%
8%
Other
$465,715 Trending
6% versus*:
13%
Month
LM -3%
L3M -5%
PYM 8%
LY
$242,500
$310,900
5% -6% -6%
8% 5%
$283,701
$465,715 1,359
6% -5% 13% -24%
$242,500 415
-3% 2%
-5% 8% 0%
-5%
$283,701 -6%
-6%
5%
-8%
53 -20% -13% -25%
1,359 -5%
-24%
$156 3% 2% -1%
415 2%
0%
$143 4% 1% 6%
53 -20% -13% -25% -9%
3.3 -6% 4% -24%
$156 3% 2% -1% 2%
97.1% 1.6% 1.5% 1.6%
Average List Price of all Current Listings
Agent Name
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
February 2018
Baltimore County
County: Baltimore
Title
Phone
Agent
Name
Website
Other
Title
County: Baltimore
Market Action Report
Agent Name
Market Action Report
County: Baltimore
February 2018
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
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2.0
1.0 Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
0.0 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.
c o l dw el l b a n k er h o m es . c o m
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