MA ARCHIVED March 2018 | Page 24

Market Action Report
March 2018
County: Howard
HOWARD
Agent Name
Market Action Report
March 2018
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Howard
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
LM L3M PYM
LY
YTD
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 10.5 -56% -30% -48% -31%
March
Supply
of Inventory
15.1
-8%
-1%
93.0% -2.2% -2.5% -8.7% -1.4%
-1% Sold 1%
Number of 95.2%
Properties
March Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
9
The Median Sales Price in March was $1,217,300, up 4.5% from
Prices
2,000
$1,164,990
in March
16.5% from
The
Median Sales
Price of
in 2017
March and
was up
$1,217,300,
up $1,045,000
4.5% from
last month.
The Average
Price
in March
was $1,227,699, 2,000 1,900
$1,164,990
in March
of 2017 Sales
and up
16.5%
from $1,045,000
up month.
4.4% from
in March
2017 and
16.9% from 1,900 1,800
last
The $1,176,167
Average Sales
Price in of March
was up
$1,227,699,
$1,050,140
month. in March
ASP
was
a mid
range 1,800 1,700
up
4.4% from last
$1,176,167
March 2018
of 2017
and
up at
16.9%
from
1,700 1,600
compared last
to March
2017 and
$1,050,140
month. of March
2018 2016.
ASP was at a mid range
1,600 1,500
compared to March of 2017 and 2016.
1,500 1,400
1,400 1,300
1,300 1,200
1,200 1,100
1,100 1,000
300
280
260
240
220
200
180
160
140
120
100
3 Mo Avg
257
195
187
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 93.0% was down from 95.1% last month and down
from 101.9% in March of last year.
120%
80%
60%
0%
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 A S O N D J F M
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
20
60.0 60.0 0
40.0 40.0 20 20.0 20.0 0 0.0 0.0
40
A M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
J J A A M S J O J N A D S J O F N M D J F M
D A J M F M
15 15
16
17
18
16
17
18
Copyright ©
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
24
| Coldwell
coldwellbankerluxury.com
Copyright
© Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
80.0 80.0
80
40
100.0 100.0 60
120.0
120.0
80
100
120
Total Inventory & Month's Supply of Inventory (MSI)
140
Inventory & MSI
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March
was 63, down 12.5% from 72 last month and down 37.6% from 140 140
was 63, down 12.5% from 72 last month and down 37.6% from
101 in in March
March
last
year.
March
2018
Inventory
101
of of
last
year.
March
2018
Inventory
was was
at its at its
120 120
lowest level
level
compared
with
March
of 2017
2016.
lowest
compared
with
March
of 2017
and and
2016.
100 100
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 24, down 4.0% from 25 last month and down
65.2% from 69 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
60
93.0%
20%
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 A S O N D J F M
18
60
101.9%
99.5%
100%
40%
A M 15
J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F M
15
16
17
18
80
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,000
comparatively
lower
MSI
is more
beneficial
for sellers
a 40
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
March
2018
of 10.5
higher
is is
better
for for
buyers.
The The
March
2018
MSI MSI
of 10.5
20
months
at at
its its
lowest
level
compar ed
with with
March
of 2017
and and
months was
was
lowest
level
compared
March
of 2017
0
2016.
2016.
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $187 was up
20.5% from $155 last month and down 27.3% from 257 in March
of last year.
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 A S O N D J F M
15
16
17
18
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 A S O N D J F M
15
16 Median Sales Price and
17 Average Sales Price
18
Prices
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
6
0
2 2
4
0
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 A S O N D J F M
15
16
17
18
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 A S O N D J F M
15
16
17
18
4
6 6
8 8
10
36
16
0
10
12
60
20
12
March YTD sales of 15 are running 15.4% ahead of last year's
year-to-date sales of 13.
80
40
3 Mo Avg
Number of Properties Sold
14
March Property sales were 6, up 20.0% from 5 in March of 2017
and 100.0%
higher than the 3 sales last month. March 2018
Property
Sales
16
sales were
at a sales
mid level
March
2017 and
2016.
March
Property
were compared
6, up 20.0% to from
5 in of March
of 2017
14
March
YTD
sales
of
15
are
running
15.4%
ahead
of
last
year's
and 100.0% higher than the 3 sales last month. March 2018
year-to-date
of 13.
sales
were at a sales
mid level
compared to March of 2017 and 2016.
16
Property Sales
100
March
Foot Ratio
March Sold
Sale Price
Price per
vs Square
List Price
120
Asking
per Square
(based on New Listings)
March Price
Month's
Supply Foot
of Inventory
49%
0%
15%
-1%
1%
140
March
Days per
on Square
Market Foot
(Solds)
March Average
Sold Price
1%
-5%
159
160
Asking
Price per
Square Foot
(based on New Listings)
March
Number
of Properties
Sold
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 159, up 11.2% from 143
days last month and up 341.7% from 36 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
3 Mo Avg
180
March
Average Currently
Days on Market
Total
Properties
for Sale (Solds)
(Inventory)
Market Time
March Average
Number
of Properties
Sold
March
Sales
Price
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
Total Median
Properties
Currently
for Sale (Inventory)
March
Sales
Price
Title
Phone
Website
Other
March Average
Average
List Price Sales
of all Price
Current Listings
Agent Name
Average List Price of all Current Listings
HOWARD
County: Howard
Community Information
$1,350,000 12%
13%
Trending versus*:
$1,671,932 Trending
9% versus*:
28%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,217,300
3% $1,200,000
2%
$1,350,000
12% 16% 4%
13% 4%
$1,227,699
-3%
$1,671,932
9% 17% 6%
28% 4% -1% $1,179,192
63 -13%
$1,217,300 16%
4% 4% -38%
3% $1,200,000
2%
1%
6 100%
15
15% -5%
$1,227,699 17%
6% 4% 20%
-1% $1,179,192
-3%
115
51%
63 159
-13% 11% 46%
-38% 342% 106%
6 $217
100% 21% 5%
20% -4% 4%
15 $208
15% -3%
159 $187
11% 20%
46% -4%
342% -27%
106% 1%
115 $213
51% -2% 49%
$217 10.5
21% -56%
5% -30%
-4% -48%
4% -31% $208 15.1
-3% -8% 0%
$187 93.0%
20% -2.2%
-4% -2.5%
-27% -8.7%
1% -1.4% $213 95.2%
-2% -1% 15%
Market Profile & Trends Overview
March List
Median
Median
Price Sales
of all Price
Current Listings
March 2018
Market Profile & Trends Overview
Listings
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
Market Action Report
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 A S O N D J F M
15
16
17
18
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Coldwell Banker Global Luxury ® | 25