MA ARCHIVED May 2016 | Page 30

Market Action Report

County: Prince Georges

May 2016

Prince George’s

Market Action Report

County: Prince Georges

Agent Name

May 2016

Title
Phone
Agent
Name
Website
TitleOther

Community Information

Price Range: All | Properties: SFH - Con

Phone
Website
Month
Other
$315,000

Market Profile & Trends Overview
Median
Price
all Current Listings
Price
Range: AllList
| Properties:
SFHof
- Con

LM

Trending versus*:
L3M PYM
LY

7%
18%
$348,070 Trending
5% versus*:
16%
Month
LM 4%
L3M 4%
PYM 6%
LY
$270,000
$315,000 7%
18%
$276,356 4% 5% 6%
$348,070 5%
16%
1,504 -10%
-33%
$270,000 4% 4% 6% 8%
724 6%
23%
$276,356 4% 5% 6% 7%
50
-19%
-19%
1,504 -10%
-33% -7%
$142
-2%
3%
724 6%
23% 5%
$135
2%
5%
4%
50 -19% -19% -7% -17%
2.1
-15%
-18%
-46%
$142 -2% 3% 5% 10%
$13598.4%
2% .1%
5% .8%
4% .7%
9%

Average List Price of all Current Listings

Market
Profile
& Trends
May Median
Sales
Price Overview
Median List Price of all Current Listings

May Average Sales Price

Average List Price of all Current Listings

Total Properties Currently for Sale (Inventory)

May Median Sales Price

May Number of Properties Sold

May Average Sales Price

May Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking
Priceofper
Square Foot
May
Number
Properties
Sold (based on New Listings)
MayAverage
Sold Price
May
Daysper
onSquare
Market Foot
(Solds)

May Month's
Inventory
Asking
Price perSupply
SquareofFoot
(based on New Listings)
MaySold
SalePrice
Priceper
vsSquare
List Price
May
FootRatio

Trending versus*:
Prior YTD Prior Year

YTD

Trending versus*:
YTD
Prior YTD 7%
Prior Year
$260,000

8%
7%

$262,820

4%
1%

5%

$260,000
7%
2,960
$262,820
5%

4%

-17%
62
10% 2,960 $137
15%
9%
62 $128
-6%
-46% $137
3.0
5%
1.1% $128 97.5%
8%

* 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)

15%
1%
-6%
5%
8% 3%
-29%6%
0% 3%

3%
6%
3%
-21%
0%

2.1 -15% -18% -46% -46%
3.0 -29%
-21%
98.4% .1% .8% .7% 1.1%
0% Sold 0%
Number of97.5%
Properties

May Month's Supply of Inventory
May Sale Price vs List Price Ratio

3 Mo Avg

* 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)

800

May Property sales were 724, up 22.9% from 589 in May of 2015
and 6.0% higher than the 683 sales last month. May 2016 sales 700
Property Sales
were at their highest level compared to May of 2015 and 2014.800
600
May Property sales were 724, up 22.9% from 589 in May of 2015
May YTD sales of 2,960 are running 14.7% ahead of last year's
and 6.0% higher than the 683 sales last month. May 2016 sales 700
year-to-date
sales
of
2,580.
500
were at their highest level compared to May of 2015 and 2014.

300
290
280
270
260
250
240
230
220
210
200

724

683

564

501

488

662

544

632

663

685

628

688

589

587

566

432

406

572

502

568

567

571

647

606

573

500

448

401

572

469

617

389

724

683

564

501

488

662

544

632

663

685

628

688

589

587

566

432

406

572

502

568

567

571

647

606

500

448

401

389

Median Sales Price and Average Sales Price

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

14 A M J J A S O N D J F M 15
J J 13
A S O N D J F M
A M J J A S O N D J F M A16M
13
14
15
16

Inventory & MSI

2,000

Total Inventory & Month's Supply of Inventory (MSI)

Total Inventory & Month's Supply of Inventory (MSI)

1,500

1,500

6.0

2,276
2,319
2,276
2,381
2,388
2,319
2,416
2,381
2,376
2,388
2,256
2,416
2,1572,376
2,147
2,256
2,148
2,157
2,262
2,147
2,347
2,148
2,416
2,262
2,416
2,347
2,401
2,416
2,449
2,416
2,370
2,401
2,269
2,1912,449
2,1392,370
2,0792,269
2,191
2,068
2,190
2,139
2,252
2,079
2,324
2,068
2,334
2,190
2,347
2,252
2,335
2,324
2,255
2,334
2,149
2,347
1,953
2,335
1,874
2,255
1,806
2,149
1,737
1,953
1,678
1,504 1,874

Inventory
& MSI of Properties available for sale as of May
The Total Inventory
3,000
The
Inventory
of Properties
available
for saleand
as of
May33.2%
wasTotal
1,504,
down 10.4%
from 1,678
last month
down
3,000
was
1,504,
down
10.4%
1,678 May
last month
and down was
33.2%
from
2,252
in May
of from
last year.
2016 Inventory
at its
2,500
from
2,252
in compared
May of lastwith
year.May
Mayof2016
Inventory
was at its
2,500
lowest
level
2015
and 2014.
lowest level compared with May of 2015 and 2014.
2,000
1,000

A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a 1,000
higherMSI
MSI
better
buyers.
May
2016
of 2.1
higher
is is
better
forfor
buyers.
TheThe
May
2016
MSIMSI
of 2.1
500 500
monthswas
was
lowest
level
compared
of 2015
months
atat
itsits
lowest
level
compared
withwith
MayMay
of 2015
and and
0
2014.
0
2014.
A NS DO JN FD MJ AF MMJ A J MA J S JO AN SD OJ NF M
D AJ M
F M
J J AJ SJ O
J JA AM SJ OJ NA DS J OF NMDA JM F
14
15
16
13 13
14
15
16

Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
30
| c
o lofdCoastal
w eAssociation
l l b aofnREALTORS
kerh
o m eMetropolitan
s . c oRegional
m Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
Data
is is
provided
courtesy
of MD,ofInc.,
Data
provided
courtesy
of Coastal
Association of REALTORS
MD, Inc., Metropolitan
Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con

does
notnot
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
sellerortoseller
verifytoany
and any
all information
relevant torelevant
such consumer’s
real estate real
transaction.
does
warrant
or guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.

5.0
4.0

1,806
1,737
1,678
1,504

month. May 2016 ASP was at the hi