MA ARCHIVED May 2016 | Page 20

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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
$ 359,995
1 %
4 %
Average List Price of all Current Listings
$ 400,698
3 %
6 %
May Median Sales Price
$ 298,000
7 %
5 %
1 %
4 %
$ 285,000
2 %
0 %
May Average Sales Price
$ 315,876
4 %
3 %
2 %
3 %
$ 307,904
3 %
0 %
Total Properties Currently for Sale ( Inventory )
1,372
-2%
-15%
May Number of Properties Sold
403
22 %
14 %
1,439
12 %
May Average Days on Market ( Solds )
60
-26% -19%
-9%
-12%
76
3 %
12 %
Asking Price per Square Foot ( based on New Listings )
$ 138
-3%
-1%
-3%
1 %
$ 140
2 %
2 %
May Sold Price per Square Foot
$ 134
3 %
2 %
3 %
3 %
$ 132
4 %
2 %
May Month ' s Supply of Inventory
3.4
-19% -19% -25% -33%
4.8
-16%
-6%
May Sale Price vs List Price Ratio
96.5 %
1.7 % 1.3 %
. 1 %
1.6 %
95.0 %
0 %
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 403 , up 13.5 % from 355 in May of 2015 and 22.1 % higher than the 330 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 1,439 are running 12.2 % ahead of last year ' s year-to-date sales of 1,283 .
600
500
400
600
500
400
300
Number of Properties Sold
3 Mo Avg
300
200
200
100
Prices The Median Sales Price in May was $ 298,000 , up 1.0 % from $ 295,000 in May of 2015 and up 6.7 % from $ 279,400 last month . The Average Sales Price in May was $ 315,876 , up 2.0 % from $ 309,645 in May of 2015 and up 4.3 % from $ 302,914 last month . May 2016 ASP was at a mid range compared to May of 2015 and 2014 .
100
0
350 340 330 320 310 300 290 280 270 260 250
0
358 339 311 267 278 228 247 174 164 215 241 324 356 294 381 277 292 231 251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 274 330 403
J 13
350 340 330 320 310 300 290 280 270 260 250
J 13
358
J
339 311 267 278 228
13
J
A
S
O N D
J
14
247 174
J A S O N D J
164 215 241 324 356 294 381 277
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
292 231
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
251 179 206 264 279
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
355 513 382 342 340 318 247 333 205 227 274 330 403
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 1,372 , down 1.5 % from 1,393 last month and down 15.2 % from 1,617 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 .
2,000 2,000
1,500 1,500
1,000 1,000
500
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,211 1,251
1,211 1,316
1,251 1,368 1,332 1,263
1,159 1,118 1,119
500
J
13
1,316 1,368 1,332 1,263 1,159 1,118
1,253 1,433
1,119 1,535
1,641 1,680 1,683 1,629 1,580
1,253 1,433
1,535 1,641 1,680 1,683 1,629 1,580
1,462
1,462 1,358 1,272 1,283 1,360
1,508 1,617 1,664
1,508 1,724
1,358 1,272 1,283 1,360
1,663 1,690 1,653
1,478
1,342 1,242 1,221 1,351 1,393 1,372
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
1,617 1,664 1,724 1,663 1,690 1,653
1,478 1,342
1,242
8.0 7.0 6.0 5.0
1,221 1,351
4.0
3.0
1,393
1,372
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
20 | c o l d w e l l b a n k e r h o m e s . c o m