MA ARCHIVED July 2016 | Page 43

Sussex Community Information

Sussex 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
0 %
3 %
Average List Price of all Current Listings
$ 489,647
1 %
9 %
July Median Sales Price
$ 264,128
-4%
-4%
-1%
-3%
$ 271,000
-1%
0 %
July Average Sales Price
$ 341,884
-5%
-5%
1 %
-4%
$ 354,067
-2%
-1%
Total Properties Currently for Sale ( Inventory )
2,612
-1%
-10%
July Number of Properties Sold
236
-25%
-10%
1,604
-0%
July Average Days on Market ( Solds )
123
-12%
-10% -12%
-15%
140
-10%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 178
-3%
-2%
-2%
1 %
$ 184
6 %
5 %
July Sold Price per Square Foot
$ 157
-7%
-4%
7 %
1 %
$ 163
9 %
4 %
July Month ' s Supply of Inventory
11.1
32 %
11 %
-0%
-0%
11.5
-1%
4 %
July Sale Price vs List Price Ratio
96.5 %
. 8 %
. 9 % -. 6 %
-1.0%
95.6 %
-2%
-2%
* 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 236 , down 10.3 % from 263 in July of 2015 and 25.1 % lower than the 315 sales last month . July 2016 sales were at their lowest level compared to July of 2015 and 2014 . July YTD sales of 1,604 are running 0.4 % behind last year ' s year-to-date sales of 1,610 .
350 300 250 200
Number of Properties Sold
3 Mo Avg
150
100
50
Prices The Median Sales Price in July was $ 264,128 , down 1.1 % from $ 267,000 in July of 2015 and down 4.0 % from $ 275,000 last month . The Average Sales Price in July was $ 341,884 , up 0.6 % from $ 339,975 in July of 2015 and down 5.4 % from $ 361,568 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
0
450
400
350
243 235 209 228 229 148 145 183 199 204 253 238 237 254 258 237 272 198 177 209 241 258 264 263 272 259 306 219 259 179 166 214 243 251 315 236
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
300
250
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 2,612 , down 1.2 % from 2,643 last month and down 10.3 % from 2,911 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 11.1 months was at its lowest level compared with July of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
3,500
3,500
3,000
3,000
2,500
2,500
2,000
2,000
1,500
1,500
20.0
15.0
10.0
1,000
1,000
500
500
5.0
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
2,756 2,786 2,766 2,682 2,484 2,484
2,756 2,786 2,766 2,682 2,484 2,484 2,537 2,655
2,816 2,901 2,956 2,973 2,960 2,915 2,825 2,681
2,537
2,816 2,901 2,655 2,956
2,973 2,960 2,915 2,825 2,681
2,472 2,427 2,501 2,542 2,626
2,472 2,427 2,501 2,542 2,626 2,666
2,666 2,819 2,911 2,818 2,797 2,762 2,622
2,819 2,911 2,818 2,797 2,762 2,622 2,458 2,436 2,454 2,518
2,458 2,585 2,436 2,635 2,454 2,643 2,612
2,518 2,585 2,635 2,643 2,612 c o l d w e l l b a n k e r h o m e s . c o m | 43
20.0
15.0
10.0
5.0
0.0