MA ARCHIVED July 2016 | Page 20

Frederick Community Information

Frederick 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
$ 366,903
4 %
6 %
Average List Price of all Current Listings
$ 404,959
2 %
8 %
July Median Sales Price
$ 319,950
-2%
6 %
7 %
12 %
$ 295,000
2 %
3 %
July Average Sales Price
$ 330,584
-1%
3 %
2 %
8 %
$ 316,708
3 %
3 %
Total Properties Currently for Sale ( Inventory )
1,428
-3%
-17%
July Number of Properties Sold
384
-12%
1 %
2,266
4 %
July Average Days on Market ( Solds )
56
6 %
-8%
4 %
-18%
68
1 %
0 %
Asking Price per Square Foot ( based on New Listings )
$ 139
-8%
-2%
0 %
1 %
$ 141
2 %
3 %
July Sold Price per Square Foot
$ 133
-3%
-1%
7 %
2 %
$ 133
3 %
2 %
July Month ' s Supply of Inventory
3.7
10 %
6 %
-18%
-27%
4.5
-14%
-13%
July Sale Price vs List Price Ratio
96.6 %
-. 2 %
. 3 % 1.4 %
1.7 %
95.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
3 Mo Avg
Property Sales July Property sales were 384 , up 0.5 % from 382 in July of 2015 and 11.9 % lower than the 436 sales last month . July 2016 sales were at their highest level compared to July of 2015 and 2014 . July YTD sales of 2,266 are running 4.0 % ahead of last year ' s year-to-date sales of 2,178 .
600
500
400
Number of Properties Sold
3 Mo Avg
300
200
100
Prices The Median Sales Price in July was $ 319,950 , up 6.7 % from $ 300,000 in July of 2015 and down 2.4 % from $ 327,950 last month . The Average Sales Price in July was $ 330,584 , up 1.9 % from $ 324,465 in July of 2015 and down 0.9 % from $ 333,488 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
0
350 340 330 320 310 300 290 280 270 260 250
311 267 278 228 247 174 164 215 241 324 356 294 381 277 292 231 251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 274 330 410 436 384
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
13
14
15
16
Median Sales Price and Average Sales Price
3 Mo Avg
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
13
14
15
16
J
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of July was 1,428 , down 2.7 % from 1,468 last month and down 17.2 % from 1,724 in July of last year . July 2016 Inventory was at its lowest level compared with July of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2016 MSI of 3.7 months was at its lowest level compared with July of 2015 and 2014 .
2,000 2,000
1,500 1,500
1,000 1,000
500
0
1,316 1,368 1,332 1,263
1,316 1,368 1,332 1,263 1,159 1,118 1,119
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,253 1,433
1,535
1,159 1,118 1,119
1,253 1,641
1,680 1,535 1,683
1,629 1,580
1,433
1,641 1,680 1,683 1,629 1,580
1,462
1,462 1,358 1,272 1,283 1,360
1,508 1,617 1,664
1,508 1,724
1,358 1,272 1,283 1,360
1,617 1,664 1,724 1,663 1,690 1,653
1,480 1,344
1,663 1,690 1,653
1,480
1,344 1,245 1,224 1,357 1,408 1,245 1,421 1,224 1,468 1,428
0 A S AO NS DO NJ
FD MJ
AF M JA JMA J S JOAN SD OJ NF DM JA MF MJ AJ MA SJ OJ NA DS JO FNM DA JM J
13 13 14 14
15 15
16 16
8.0 7.0 6.0 5.0
1,357 1,408 1,421
4.0 3.0 2.0 1.0 0.0
F MJ
A M J
1,468 1,428
J
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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