MA ARCHIVED July 2016 | Page 22

Harford Community Information

Harford 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
$ 329,900
1 %
9 %
Average List Price of all Current Listings
$ 375,497
3 %
8 %
July Median Sales Price
$ 284,000
-5%
-1%
-9%
5 %
$ 272,700
-3%
1 %
July Average Sales Price
$ 288,951
-9%
-4%
-9%
0 %
$ 289,424
-2%
0 %
Total Properties Currently for Sale ( Inventory )
978
-4%
-20%
July Number of Properties Sold
267
-13%
-8%
1,524
13 %
July Average Days on Market ( Solds )
54
-10%
-10% -23%
-32%
67
-17%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 148
7 %
3 %
9 %
7 %
$ 142
4 %
3 %
July Sold Price per Square Foot
$ 143
5 %
4 %
9 %
12 %
$ 133
3 %
4 %
July Month ' s Supply of Inventory
3.7
10 %
2 %
-13%
-37%
4.7
-24%
-18%
July Sale Price vs List Price Ratio
96.1 %
. 1 %
. 2 %
. 5 %
2.1 %
95.1 %
1 %
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 267 , down 7.9 % from 290 in July of 2015 and 12.7 % lower than the 306 sales last month . July 2016 sales were at a mid level compared to July of 2015 and 2014 . July YTD sales of 1,524 are running 12.7 % ahead of last year ' s year-to-date sales of 1,352 .
350 300 250 200
Number of Properties Sold
3 Mo Avg
150
100
50
Prices The Median Sales Price in July was $ 284,000 , down 9.0 % from $ 312,000 in July of 2015 and down 5.3 % from $ 300,000 last month . The Average Sales Price in July was $ 288,951 , down 9.2 % from $ 318,281 in July of 2015 and down 8.9 % from $ 317,253 last month . July 2016 ASP was at a mid range compared to July of 2015 and 2014 .
0
340 320 300 280
192 165 145 133 153 78 83 136 125 201 199 215 184 189 183 140 168 126 113 158 185 217 263 290 266 192 230 188 193 165 139 190 184 273 306 267
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
3 Mo Avg
260
240
220
200
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
Inventory & MSI The Total Inventory of Properties available for sale as of July was 978 , down 4.3 % from 1,022 last month and down 20.0 % from 1,222 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 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,400
1,400
1,200
1,200
1,000
1,000
800
800
14.0
12.0
10.0
8.0
600
600
6.0
400
400
4.0
200
200
2.0
0
0
0.0
A
S
OA
NS DO JN FD
MJ
AF M JA JMA J S JO AN SD
OJ
NF DM
AJ
MF MJ
AJ
MA SJ
OJ
NA DS JO FNM DA JM FJ
MJ A M J
J
13
13
14
14
15
15
16
16
1,014 1,027 1,040 1,017 988 973 969 1,001
1,014 1,027 1,040 1,017 988 973 969 1,001
1,136 1,229 1,269 1,136 1,252
1,238
1,229 1,269 1,252 1,238 1,295 1,234
1,295 1,234
1,116 1,026 976
1,116 1,026 976
972 1,032
1,153
972 1,220
1,032 1,256
1,222 1,153 1,201 1,162 1,115
1,220 1,256 1,222 1,201 1,162 1,115
1,040 937 899 892
959
1,040 937 899 892 959 1,008 1,033 1,022 978
1,008 1,033
1,022 978
14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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