MA ARCHIVED March 2018 | Page 38

FREDERICK

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
$ 1,400,000
8 %
9 %
Average List Price of all Current Listings
$ 1,558,763
-1%
16 %
March Median Sales Price
$ 1,500,000
50 %
17 %
-9%
30 %
$ 1,450,000
-12%
26 %
March Average Sales Price
$ 1,500,000
50 %
18 %
-9%
17 %
$ 1,356,000
-18%
6 %
Total Properties Currently for Sale ( Inventory )
19
27 %
19 %
March Number of Properties Sold
2
100 %
100 %
5
400 %
March Average Days on Market ( Solds )
504
546 % 145 % 6200 % 268 %
275
3338 %
101 %
Asking Price per Square Foot ( based on New Listings )
$ 213
45 %
5 %
16 %
-29%
$ 184
-5%
-39%
March Sold Price per Square Foot
$ 265
-46% -16%
26 %
$ 309
0 %
47 %
March Month ' s Supply of Inventory
9.5 -37% -10% -41% -48%
10.5
-34%
-42%
March Sale Price vs List Price Ratio
76.9 % -7.7% -12.8% -23.1% -18.5%
86.3 %
-14%
-9%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
3 Mo Avg
Property Sales March Property sales were 2 , up 100.0 % from 1 in March of 2017 and 100.0 % higher than the 1 sales last month . March 2018 sales were at their highest level compared to March of 2017 and 2016 . March YTD sales of 5 are running 400.0 % ahead of last year ' s year-to-date sales of 1 .
Prices The Median Sales Price in March was $ 1,500,000 , down 9.1 % from $ 1,650,000 in March of 2017 and up 50.0 % from $ 1,000,000 last month . The Average Sales Price in March was $ 1,500,000 , down 9.1 % from $ 1,650,000 in March of 2017 and up 50.0 % from $ 1,000,000 last month . March 2018 ASP was at the lowest level compared to March of 2017 and 2016 .
Number of Properties Sold
5 4 4 3 3 2 2 1 1 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 3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000
3 Mo Avg
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
0 1 0 4 0 1 0 1 2 0 0 1 1 0 1 1 1 1 0 3 1 0 0 1 0 3 2 1 0 0 1 1 2 2 1 2
Inventory & MSI The Total Inventory of Properties available for sale as of March was 19 , up 26.7 % from 15 last month and up 18.8 % from 16 in March of last year . March 2018 Inventory was at a mid level compared with March of 2017 and 2016 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The March 2018 MSI of 9.5 months was at its lowest level compared with March of 2017 and 2016 .
35 30 25 20 15 10 5 0
Total Inventory & Month ' s Supply of Inventory ( MSI )
35
35.0
30
30.0
25
25.0
20
20.0
15
15.0
10
10.0
5
5.0
0
0.0
A M AJ
MJ AJ
SJ
OA NS DO JN FD MJ
AF MJ
AJMA JS JO AN SD OJ
NF MD AJ
MF MJ JA AM SJ
OJ
NA
DS JOFNM D J
F M
15
15
16
16
17
17
18
18
20
28
29 28
20
26
29
27
27
26 27 27
27
23
27
22
23
22
21 21
21
20
25
21
27
20
30
31
25
33
27
30
31
31
26
33
24
31
21
26
15
24
13
21
16
15
14
22
13
25
16
29
14
26 25 26
22
29
29
26
24
26
18
14
29
15
24
19 18
14
15
19
35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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