MA ARCHIVED May 2016 | Page 32

Queen Agent Anne Name ’ s Title Phone Community Information Website Other

Queen Agent Anne Name ’ s Title Phone Community Information Website Other

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
$ 399,900
6 %
12 %
Average List Price of all Current Listings
$ 600,078
9 %
4 %
May Median Sales Price
$ 300,000
-8%
-1%
-5%
4 %
$ 305,635
11 %
6 %
May Average Sales Price
$ 399,482
2 %
6 %
18 %
12 %
$ 377,756
21 %
6 %
Total Properties Currently for Sale ( Inventory )
476
-2%
-25%
May Number of Properties Sold
85
31 %
55 %
278
26 %
May Average Days on Market ( Solds )
98
-10% -14% -33% -22%
115
-12%
-8%
Asking Price per Square Foot ( based on New Listings )
$ 202
5 %
4 %
3 %
6 %
$ 193
7 %
2 %
May Sold Price per Square Foot
$ 164
4 %
2 %
-7%
0 %
$ 165
6 %
1 %
May Month ' s Supply of Inventory
5.6
-25% -28% -52% -46%
9.1
-34%
-12%
May Sale Price vs List Price Ratio
93.3 %
1.1 % 1.6 % 3.1 %
4.0 %
91.5 %
4 %
2 %
* 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 May Property sales were 85 , up 54.5 % from 55 in May of 2015 and 30.8 % higher than the 65 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 278 are running 26.4 % ahead of last year ' s year-to-date sales of 220 .
Prices The Median Sales Price in May was $ 300,000 , down 4.8 % from $ 315,000 in May of 2015 and down 7.7 % from $ 325,000 last month . The Average Sales Price in May was $ 399,482 , up 18.1 % from $ 338,231 in May of 2015 and up 1.8 % from $ 392,415 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
100 90 80 70 60 50 40 30 20 10 0
450
400
350
300
250
200
100 90 80 70 60 50 40 30 20 10 0
Number of Properties Sold
67 51 53 58 39 50 41 28 29 24 43 41 57 70 59 54 52 58 70 27 35 49 54 55 95 93 87 77 60 45 71 44 38 46 65 85
J 13
450
400
350
300
250
67
J
51 53 58 39 50
13
J
A
S
O N D
J
14
41 28
J A S O N D J
29 24 43 41 57 70 59 54
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
52
3 Mo Avg
3 Mo Avg
200
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
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
58 70 27 35 49 54
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
55 95 93 87 77 60 45 71 44 38
3 Mo Avg
46 65 85
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 476 , down 1.7 % from 484 last month and down 25.4 % from 638 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 5.6 months was at its lowest level compared with May of 2015 and 2014 .
700
600
500
400
300
200
100
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
600
25.0
500
20.0
400
15.0
300
200
10.0
100
5.0
0
0.0
J
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
13
14
14
15
15
16
16
554
558
568 554
569 558
578 568
569
531
578
474
531
466
478 474 466
519
571
478
609 608 571
519
629 609 625 608 629
629 607
571
625
518 629
516 607
519 571
518 570
516 614
519 638
601 570
615 614
615 638
609 601 564 615
508
615
609
564
508
460 450 441 479 460 484 450 476 441
479
484
476
25.0 20.0 15.0 10.0 5.0 0.0
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