Prince George ’ s Community Information
Prince George ’ s 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 |
$ 321,000 |
6 % |
|
19 % |
|
|
|
|
Average List Price of all Current Listings |
$ 352,283 |
4 % |
|
17 % |
|
|
|
|
July Median Sales Price |
$ 285,000 |
1 % |
4 % |
12 % |
14 % |
$ 267,000 |
9 % |
7 % |
July Average Sales Price |
$ 292,263 |
1 % |
4 % |
9 % |
13 % |
$ 271,903 |
7 % |
5 % |
Total Properties Currently for Sale ( Inventory ) |
1,500 |
-13% |
|
-36% |
|
|
|
|
July Number of Properties Sold |
641 |
-19% |
|
2 % |
|
4,402 |
13 % |
|
July Average Days on Market ( Solds ) |
44 |
-12% |
-15% -15% |
-27% |
58 |
-5% |
-3% |
Asking Price per Square Foot ( based on New Listings ) |
$ 140 |
2 % |
-1% |
14 % |
9 % |
$ 137 |
7 % |
6 % |
July Sold Price per Square Foot |
$ 139 |
1 % |
2 % |
8 % |
12 % |
$ 131 |
7 % |
6 % |
July Month ' s Supply of Inventory |
2.3 |
7 % |
1 % |
-37% |
-39% |
2.9 |
-28% |
-24% |
July Sale Price vs List Price Ratio |
99.7 % |
. 4 % |
. 8 % 2.4 % |
2.4 % |
98.1 % |
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 641 , up 2.1 % from 628 in July of 2015 and 18.8 % lower than the 789 sales last month . July 2016 sales were at a mid level compared to July of 2015 and 2014 . July YTD sales of 4,402 are running 13.0 % ahead of last year ' s yearto-date sales of 3,896 .
Prices The Median Sales Price in July was $ 285,000 , up 11.8 % from $ 255,000 in July of 2015 and up 1.4 % from $ 281,000 last month . The Average Sales Price in July was $ 292,263 , up 9.3 % from $ 267,493 in July of 2015 and up 1.2 % from $ 288,815 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
900 800 700 600 500 400 300 200 100
0
300 290 280 270 260 250 240 230 220 210 200
Number of Properties Sold
3 Mo Avg
573 549 617 469 572 389 401 448 500 573 606 647 571 567 568 502 572 406 432 566 587 589 688 628 685 663 632 544 662 488 502 564 686 732 789 641
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 1,500 , down 13.3 % from 1,730 last month and down 36.1 % from 2,349 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 2.3 months was at its lowest level compared with July of 2015 and 2014 .
3,000 3,000
2,500 2,500
2,000 2,000
1,500 1,500
1,000 1,000
500 500
2,381 2,388 2,416 2,376 2,257 2,158 2,148 2,150
Total Inventory & Month ' s Supply of Inventory ( MSI )
2,381 2,388 2,416 2,376 2,257 2,158 2,148
2,264 2,350 2,150 2,419 2,264 2,420
2,405
2,350 2,419 2,420 2,405 2,453 2,375 2,274
2,453 2,375 2,274 2,196 2,144
2,084 2,196
2,144 2,084
2,074 2,197 2,259 2,333 2,349 2,364 2,354 2,277 2,177 1,987 1,921 1,865 1,828 1,840 1,791 1,730
1,500
0 0 0.0
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 JMF J MJ A M J J
13 13 14 14
15 15
16 16
2,074 2,197 2,259 2,333 2,349
6.0
5.0
2,364 2,354 2,277 2,177 1,987 1,921 1,865 1,828 1,840 1,791
4.0 3.0 2.0 1.0
1,730
1,500
6.0 5.0 4.0 3.0 2.0 1.0 0.0
30 | c o l d w e l l b a n k e r h o m e s . c o m