MA ARCHIVED May 2016 | Page 10

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Baltimore Agent County

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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
$ 299,999
0 %
11 %
Average List Price of all Current Listings
$ 416,735
0 %
10 %
May Median Sales Price
$ 249,950
6 %
4 %
6 %
8 %
$ 237,000
4 %
2 %
May Average Sales Price
$ 302,687
7 %
6 %
5 %
9 %
$ 285,949
4 %
3 %
Total Properties Currently for Sale ( Inventory )
2,235
-0%
-17%
May Number of Properties Sold
654
7 %
8 %
2,581
15 %
May Average Days on Market ( Solds )
61
-16% -15% -15% -14%
72
-12%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 153
-4%
-1%
1 %
3 %
$ 154
3 %
4 %
May Sold Price per Square Foot
$ 140
-2%
0 %
-0%
2 %
$ 139
1 %
1 %
May Month ' s Supply of Inventory
3.4
-7%
-12% -23% -29%
4.2
-20%
-12%
May Sale Price vs List Price Ratio
96.0 %
. 9 %
1.5 %
. 9 %
2.4 %
94.2 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher ( up ), lower ( down ) or unchanged ( flat )
Property Sales May Property sales were 654 , up 8.1 % from 605 in May of 2015 and 6.9 % higher than the 612 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 2,581 are running 15.1 % ahead of last year ' s year-to-date sales of 2,243 .
Prices The Median Sales Price in May was $ 249,950 , up 5.7 % from $ 236,500 in May of 2015 and up 6.4 % from $ 235,000 last month . The Average Sales Price in May was $ 302,687 , up 4.6 % from $ 289,364 in May of 2015 and up 7.2 % from $ 282,370 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
800 700 600 500 400 300 200 100
0
340 320 300 280 260 240 220 200
800 700 600 500 400 300 200 100
0
Number of Properties Sold
583 501 519 450 427 374 418 286 287 390 390 507 571 590 570 497 527 407 560 338 369 474 457 605 681 715 635 573 545 437 558 427 424 464 612 654
J 13
340 320 300 280 260 240 220
583
J
501 519 450 427 374
13
J
A
S
O N D
J
14
418 286
J A S O N D J
287 390 390 507 571 590 570 497
14
F M A M J
J
A
S
O N D
J
15
15
F M A M J
J
A
S
O N D
J
16
Median Sales Price and Average Sales Price
527
3 Mo Avg
3 Mo Avg
200
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 A M
J 13
J
13
A
S
O N D
J 14
F
M14 A M J
J
A
S
O N D
J 15
F M
15 A M J
J
A
S
O N D
J 16
F M A16M
407 560 338 369 474 457
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
16
F M A M
605 681 715 635 573 545 437 558 427 424
3 Mo Avg
464 612 654
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 2,235 , down 0.4 % from 2,243 last month and down 16.5 % from 2,678 in May of last year . May 2016 Inventory was at its lowest level compared with May of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2016 MSI of 3.4 months was at its lowest level compared with May 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
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
2,226 2,203 2,253 2,313 2,371 2,249 2,043 1,964 1,964
J
13
2,226 2,203 2,253 2,313 2,371 2,249 2,043 1,964 1,964
2,095
2,393 2,538 2,656 2,666
2,095 2,393
2,750 2,656 2,768 2,748
2,666
2,535 2,750
2,294 2,768
2,182 2,748
2,108 2,535
2,538
2,189
2,464 2,678 2,756
2,464 2,783 2,727
2,775 2,626
2,468 2,174 2,074 1,999 2,130 2,243 2,235
0 J 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 DA JM
13
14 14
15 15
16 16
2,294 2,182 2,108 2,189
2,678 2,756 2,783 2,727 2,775
2,626
2,468 2,174 2,074
8.0 7.0 6.0
5.0
4.0
1,999 2,130 2,243 2,235
3.0 2.0 1.0 0.0
F M A M
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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