MA ARCHIVED May 2016 | Page 12

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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
$ 354,900
1 %
6 %
Average List Price of all Current Listings
$ 399,449
2 %
6 %
May Median Sales Price
$ 325,000
0 %
3 %
4 %
8 %
$ 309,950
5 %
3 %
May Average Sales Price
$ 338,812
3 %
3 %
2 %
6 %
$ 323,004
3 %
1 %
Total Properties Currently for Sale ( Inventory )
853
9 %
-10%
May Number of Properties Sold
232
18 %
39 %
832
24 %
May Average Days on Market ( Solds )
55
-29% -28% -38% -29%
77
-15%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 155
1 %
1 %
5 %
3 %
$ 152
1 %
1 %
May Sold Price per Square Foot
$ 144
2 %
1 %
-10%
0 %
$ 141
-3%
-2%
May Month ' s Supply of Inventory
3.7
-7%
-8%
-35% -37%
4.7
-28%
-19%
May Sale Price vs List Price Ratio
97.1 %
2.2 % 2.3 % 1.7 %
3.2 %
94.5 %
1 %
0 %
* 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 )
3 Mo Avg
Property Sales May Property sales were 232 , up 38.9 % from 167 in May of 2015 and 17.8 % higher than the 197 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 832 are running 24.2 % ahead of last year ' s year-to-date sales of 670 .
300
250
200
300
250
200
150
Number of Properties Sold
3 Mo Avg
150
100
100
50
Prices The Median Sales Price in May was $ 325,000 , up 3.8 % from $ 313,200 in May of 2015 and equal to $ 325,000 last month . The Average Sales Price in May was $ 338,812 , up 1.7 % from $ 333,204 in May of 2015 and up 3.3 % from $ 327,987 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
50
0
350 340 330 320 310 300 290 280 270 260 250
0
162 170 163 123 111 117 116 69 76 112 114 137 191 166 165 137 128 118 142 101 98 136 168 167 239 180 204 154 159 129 154 118 120 165 197 232
J 13
350 340 330 320 310 300 290 280 270 260 250
J 13
162
J
170 163 123 111 117
13
J
A
S
O N D
J
14
116 69
J A S O N D J
76 112 114 137 191 166 165 137
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
128 118
3 Mo Avg
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
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
142 101 98 136 168
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
167 239 180 204 154 159 129 154 118 120 165 197 232
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 853 , up 9.5 % from 779 last month and down 9.8 % from 946 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 3.7 months was at its lowest level compared with May of 2015 and 2014 .
1,200 1,200
1,000 1,000
800 800
600 600
400
400 200
200
804 801 830 822 772 722 663 641
Total Inventory & Month ' s Supply of Inventory ( MSI )
804 801 830 822 772 722 663 641
620 679
756
861 924 966
620 679
756
990 1,003 979 910
861 924 966 990 1,003 979
910
820 792 792 797
866 946 991 987 965 960
820 792 792 797
866 946 991 987 965 960 904
904 831
831
758 697
758 697 688 712
779
0 0 0.0
J 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
F M A M
13 13
14 14
15 15
16 16
853
10.0 8.0
6.0
688 712
779
4.0 2.0
853
10.0 8.0 6.0 4.0 2.0 0.0
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