MA ARCHIVED May 2016 | Page 26

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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
$ 269,000
7 %
17 %
Average List Price of all Current Listings
$ 443,020
4 %
-3%
May Median Sales Price
$ 218,500
32 %
23 %
2 %
18 %
$ 176,000
1 %
-5%
May Average Sales Price
$ 242,083
6 %
-1%
-3%
-5%
$ 244,746
-4%
-4%
Total Properties Currently for Sale ( Inventory )
291
0 %
-16%
May Number of Properties Sold
37
9 %
95 %
111
37 %
May Average Days on Market ( Solds )
156
-23% -15%
-1%
-3%
189
15 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 159
-6%
3 %
-43%
-6%
$ 163
-14%
-4%
May Sold Price per Square Foot
$ 117
12 %
11 % -12% -16%
$ 108
-29%
-22%
May Month ' s Supply of Inventory
7.9
-8%
-37% -57% -53%
16.1
-26%
-4%
May Sale Price vs List Price Ratio
89.7 %
3.9 % 3.3 % 2.7 %
3.2 %
86.1 %
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
40
May Property sales were 37 , up 94.7 % from 19 in May of 2015
and 8.8 % higher than the 34 sales last month . May 2016 sales
35
were at their highest level compared to May of 2015 and 2014 .
May YTD sales of 111 are running 37.0 % ahead of last year ' s yearto-date
30
sales of 81 .
25
Prices The Median Sales Price in May was $ 218,500 , up 1.6 % from $ 215,000 in May of 2015 and up 32.4 % from $ 165,000 last month . The Average Sales Price in May was $ 242,083 , down 3.1 % from $ 249,760 in May of 2015 and up 5.8 % from $ 228,786 last month . May 2016 ASP was at a mid range compared to May of 2015 and 2014 .
20 15 10 5 0
600 550 500 450 400 350 300 250 200 150 100
40 35 30 25 20 15 10 5 0
J 13
600 550 500 450 400 350 300 250 200 150 100
J 13
22
J
24 18 11 20 15
13
J
A
S
O N D
J
14
21
22 24 18 11 20 15 21 13 7
13
J A S O N D J
15 7
Number of Properties Sold
15 8 19 23 25 23 19
14
F M A M
J
J
A
S
O N D
J
15
Median Sales Price and Average Sales Price
26 19
8 19 23 25 23 19 26 19 25 13 9 21 19 19 31 26 25 27 27 17 27 15 11 14 34 37
15
F M A M
J
J
A
S
O N D
J
16
3 Mo Avg
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
25 13 9 21 19
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
19 31 26 25 27 27 17 27 15 11
3 Mo Avg
14 34 37
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 291 , up 0.3 % from 290 last month and down 16.1 % from 347 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 7.9 months was at its lowest level compared with May of 2015 and 2014 .
450 400 350 300 250 200 150 100 50 0
450 400 350 300
369
250 200 150 100 50 0
J 13
Total Inventory & Month ' s Supply of Inventory ( MSI )
365
365 369
376 365
352 365
332 376
315 352
306 332
313 315 306
337 366
313 381 337 381 366 388
381 379
381 380
388 372
336
379
310 380
303 372
308 336
321 310
303 347
308 347
321 352
342 347
349 347
341 352 327 342
316 349
291 341
273 327
274 316
293
291 290 273 291 274
0.0
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 F M A M
13
14 14
15 15
16 16
50.0 40.0
30.0
293
290
20.0 10.0
291
50.0 40.0 30.0 20.0 10.0 0.0
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