MA ARCHIVED May 2016 | Page 28

Community Information

Montgomery

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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
$ 599,000
0 %
13 %
Average List Price of all Current Listings
$ 838,934
1 %
12 %
May Median Sales Price
$ 474,900
2 %
6 %
-0%
7 %
$ 445,000
0 %
0 %
May Average Sales Price
$ 566,798
-4%
0 %
1 %
2 %
$ 557,096
2 %
0 %
Total Properties Currently for Sale ( Inventory )
2,373
-3%
-19%
May Number of Properties Sold
1,001
21 %
12 %
3,368
9 %
May Average Days on Market ( Solds )
39
-15% -25%
-7%
-22%
53
-2%
6 %
Asking Price per Square Foot ( based on New Listings )
$ 243
-2%
0 %
-1%
0 %
$ 246
1 %
2 %
May Sold Price per Square Foot
$ 234
0 %
1 %
3 %
2 %
$ 230
2 %
0 %
May Month ' s Supply of Inventory
2.4
-20% -20% -27% -34%
3.3
-16%
-8%
May Sale Price vs List Price Ratio
98.0 %
. 5 %
1.0 %
. 6 %
1.9 %
96.7 %
0 %
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 1,001 , up 11.6 % from 897 in May of 2015 and 21.3 % higher than the 825 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 3,368 are running 8.8 % ahead of last year ' s year-to-date sales of 3,096 .
1,200
1,000 1,200
1,000
800
800
600
Number of Properties Sold
3 Mo Avg
600
400
Prices The Median Sales Price in May was $ 474,900 , down 0.0 % from $ 475,000 in May of 2015 and up 2.1 % from $ 465,000 last month . The Average Sales Price in May was $ 566,798 , up 0.9 % from $ 561,749 in May of 2015 and down 4.4 % from $ 593,016 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
400
200
0
200
700
984 1,007 828 656 672 561 616 440 423 538 636 880 974 806 763 667 666 544 718 454 400 608 737 897 1,088 947 834 755 697 641 721 479 465 598 825 1,001
J 13
700 650
650 600 600
550
550 500
500 450
0
984
J
1,007 828 656 672 561
13
J
A
S O N D
J
14
616 440
J A S O N D J
423 538 636 880 974 806 763
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
667
3 Mo Avg
450
400
400
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
J
13
A
S
O N D
J
F
M14 A M J
J
A
S
O N D
J
F M
15 A M J
J
A
S
O N D
J
F M A16M
13
14
15
16
666 544 718 454 400 608 737
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
897 1,088 947 834 755 697 641 721 479 465 598 825 1,001
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 2,373 , down 3.5 % from 2,459 last month and down 18.5 % from 2,913 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 2.4 months was at its lowest level compared with May of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
3,500
3,500
3,000
3,000
2,500
2,500
2,000
2,000
1,500
1,500
6.0
5.0
4.0
3.0
1,000
1,000
2.0
500
500
1.0
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
2,171 2,156 2,107 2,328 2,252
2,171 2,156 2,107 2,328 2,252
2,015 1,693 1,644
2,015 1,693
1,706 1,963
2,269 2,636 2,771
1,644 1,706
1,963
2,269 2,636 2,771 2,716 2,676 2,911 2,782
2,716
2,676 2,911 2,782
2,343 1,994 1,878
1,994 2,343
1,994 2,258
1,878 2,635
1,994 2,913
2,258 2,996
2,635 2,903 2,913 2,996 2,903 2,720 2,880 2,791
2,720 2,880 2,791
2,330
2,330 1,886
1,886 1,776 1,778
2,139
2,459 2,373
1,776 1,778
2,139 2,459 2,373
6.0 5.0 4.0 3.0 2.0 1.0 0.0
28 | c o l d w e l l b a n k e r h o m e s . c o m