MA ARCHIVED July 2016 | Page 40

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
$ 279,900
0 %
2 %
Average List Price of all Current Listings
$ 353,386
3 %
1 %
July Median Sales Price
$ 241,250
13 %
7 %
7 %
9 %
$ 225,000
2 %
1 %
July Average Sales Price
$ 268,771
-3%
0 %
1 %
4 %
$ 268,886
4 %
4 %
Total Properties Currently for Sale ( Inventory )
1,347
-2%
-15%
July Number of Properties Sold
174
-13%
18 %
1,085
9 %
July Average Days on Market ( Solds )
134
-19%
-11%
2 %
-8%
152
-3%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 223
-3%
0 %
2 %
3 %
$ 223
4 %
3 %
July Sold Price per Square Foot
$ 200
5 %
2 %
4 %
3 %
$ 196
1 %
1 %
July Month ' s Supply of Inventory
7.7
13 %
7 %
-28%
-28%
9.7
-14%
-10%
July Sale Price vs List Price Ratio
92.9 %
1.3 %
. 9 % -. 1 %
2.1 %
91.8 %
2 %
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 174 , up 18.4 % from 147 in July of 2015 and 13.0 % lower than the 200 sales last month . July 2016 sales were at their highest level compared to July of 2015 and 2014 . July YTD sales of 1,085 are running 9.4 % ahead of last year ' s year-to-date sales of 992 .
250
200
150
Number of Properties Sold
3 Mo Avg
100
50
Prices The Median Sales Price in July was $ 241,250 , up 7.2 % from $ 225,000 in July of 2015 and up 12.9 % from $ 213,750 last month . The Average Sales Price in July was $ 268,771 , up 1.1 % from $ 265,823 in July of 2015 and down 3.4 % from $ 278,104 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
0
290 270 250 230
129 144 133 122 101 69 69 119 128 168 154 112 147 148 157 135 120 107 104 128 153 189 164 147 142 149 172 118 152 110 96 114 190 201 200 174
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
210
190
170
150
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 1,347 , down 2.0 % from 1,374 last month and down 15.3 % from 1,590 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 7.7 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
1,533 1,549 1,506 1,489 1,411 1,446 1,516
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,533 1,549 1,506 1,489 1,411
1,593
1,446 1,593 1,516
1,673 1,699 1,721 1,673 1,712
1,699 1,720
1,721 1,684
1,712 1,653 1,586
1,720
1,456 1,684
1,445 1,653
1,488 1,586
1,527 1,595 1,609 1,596 1,590 1,560 1,516 1,503
1,527 1,456
1,445 1,595
1,488 1,609 1,596 1,590 1,560 1,516 1,503
1,395 1,313 1,289 1,374
25.0
20.0
1,395 1,437 1,313 1,441 1,289 1,409 1,374 1,374 1,347
1,437 1,441 1,409
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
15.0 10.0 5.0
1,374
1,347
25.0 20.0 15.0 10.0 5.0 0.0
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