MA ARCHIVED May 2016 | Page 14

Community Information

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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
$ 267,990
3 %
-1%
Average List Price of all Current Listings
$ 331,892
4 %
4 %
May Median Sales Price
$ 213,500
10 %
5 %
-6%
-1%
$ 203,500
-1%
-6%
May Average Sales Price
$ 240,540
9 %
7 %
-4%
1 %
$ 225,690
1 %
-5%
Total Properties Currently for Sale ( Inventory )
598
-2%
-23%
May Number of Properties Sold
108
6 %
26 %
435
25 %
May Average Days on Market ( Solds )
90
-7%
-10% -24% -13%
98
-20%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 130
-5%
2 %
-4%
-2%
$ 128
-7%
-4%
May Sold Price per Square Foot
$ 117
-2%
-3%
-29%
-5%
$ 121
1 %
-2%
May Month ' s Supply of Inventory
5.5
-8%
-16% -38% -38%
7.0
-32%
-22%
May Sale Price vs List Price Ratio
93.2 %
1.4 % 1.4 % 1.4 %
3.1 %
91.7 %
3 %
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 )
3 Mo Avg
Property Sales May Property sales were 108 , up 25.6 % from 86 in May of 2015 and 5.9 % higher than the 102 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 435 are running 25.0 % ahead of last year ' s year-to-date sales of 348 .
120
100
80
120
100
80
60
Number of Properties Sold
3 Mo Avg
60 40
40 20
Prices The Median Sales Price in May was $ 213,500 , down 6.4 % from $ 228,000 in May of 2015 and up 10.3 % from $ 193,500 last month . The Average Sales Price in May was $ 240,540 , down 4.1 % from $ 250,947 in May of 2015 and up 9.2 % from $ 220,248 last month . May 2016 ASP was at the lowest level compared to May of 2015 and 2014 .
20
0
350 330 310 290 270 250 230 210 190 170 150
0
80 73 79 64 71 66 61 45 40 45 59 75 70 67 78 89 75 80 83 67 45 65 85 86 97 108 102 98 97 66 94 81 73 71 102 108
J 13
350 330 310 290 270 250 230 210 190 170 150
J 13
80
J
73 79 64 71 66
13
J
A
S
O N D
J
14
61 45
J A S O N D J
40 45 59 75 70 67 78 89
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
75 80
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
83 67 45 65 85
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
86 97 108 102 98 97 66 94 81 73 71 102 108
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 598 , down 2.1 % from 611 last month and down 22.7 % from 774 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 5.5 months was at its lowest level compared with May of 2015 and 2014 .
900 800 700 600 500 400 300 200 100
0
900 800 700
Total Inventory & Month ' s Supply of Inventory ( MSI )
778 778
773 778
720 778
713 773
724 720
678 713
678 724
683 678 708
678 767 683
600 500 400 300 200 100 0
J 13
814
708 847 767 827
814 826
847 839
827 810
739
826
667 839
643 810
647 739
663 667
643 701
647 774
663 793
701 783
755 774
777 793 749 783
709 755
649
777 586 571 589 611 586 598 571
J AJ SJ OA NS DO JN FD MJ
AF MJA JMA JS JO AN SD OJ NF DM AJ
MF MJ AJ AM SJ OJ NA DS JOFNM DA JM 13
14 14
15 15
16 16
749 709
649
18.0 16.0 14.0 12.0
589 611 598
10.0 8.0 6.0 4.0 2.0 0.0
F M A M
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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