MA ARCHIVED May 2016 | Page 34

Community Information

Somerset

Agent Name
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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
$ 159,900
1 %
18 %
Average List Price of all Current Listings
$ 224,675
1 %
3 %
May Median Sales Price
$ 126,000
64 %
59 %
7 %
75 %
$ 77,500
4 %
8 %
May Average Sales Price
$ 124,389
1 %
7 %
-13%
18 %
$ 113,234
7 %
8 %
Total Properties Currently for Sale ( Inventory )
223
3 %
-14%
May Number of Properties Sold
19
-21%
-14%
96
20 %
May Average Days on Market ( Solds )
129
8 %
-13% -15%
-9%
141
-17%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 100
10 %
5 %
20 %
19 %
$ 94
12 %
12 %
May Sold Price per Square Foot
$ 69
17 %
14 % -31%
14 %
$ 60
-15%
-2%
May Month ' s Supply of Inventory
11.7
30 %
17 %
-0%
-29%
11.3
-36%
-31%
May Sale Price vs List Price Ratio
89.7 %
4.8 % 5.7 % 3.0 %
8.7 %
85.1 %
3 %
3 %
* 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 19 , down 13.6 % from 22 in May of 2015 and 20.8 % lower than the 24 sales last month . May 2016 sales were at a mid level compared to May of 2015 and 2014 . May YTD sales of 96 are running 20.0 % ahead of last year ' s year-todate sales of 80 .
30
25
20
30
25
20
15
Number of Properties Sold
3 Mo Avg
15
10
10
5
Prices The Median Sales Price in May was $ 126,000 , up 7.2 % from $ 117,500 in May of 2015 and up 63.6 % from $ 77,000 last month . The Average Sales Price in May was $ 124,389 , down 13.0 % from $ 143,057 in May of 2015 and up 1.3 % from $ 122,845 last month . May 2016 ASP was at a mid range compared to May of 2015 and 2014 .
5
0
200 180 160 140 120 100 80 60 40 20 0
0
J 13
200 180 160 140 120 100 80 60 40 20 0
J 13
17
J
18 19 17 18 18
13
J
A
S
O N D
J
14
17 18 19 17 18 18 10 8 10 8
J A S O N D J
10 20 15 13 18 14 24 15
14
F M A M
J
J
A
S
O N D
J
15
Median Sales Price and Average Sales Price
17 20
10 20 15 13 18 14 24 15 17 20 14 9 10 23 16 22 22 9 23 19 16 17 21 13 18 22 24 19
15
F M A M
J
J
A
S
O N D
J
16
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
14 9 10 23 16
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
22 22 9 23 19 16 17 21 13 18 22 24 19
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 223 , up 3.2 % from 216 last month and down 13.9 % from 259 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 11.7 months was at its lowest level compared with May of 2015 and 2014 .
350
300
250
200
150
100
50
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
350
300
250
200
35.0
30.0
25.0
20.0
150
15.0
100
10.0
50
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
287
286
287
285
286
276
267 285
270 276
257 267
245 270
231 257 256
245 280
231
303 306
256
280 296
303 287
306 280
296
275 262
287
247 280
241 275
237 262
230 247
247 241
237 259
230 275
247 285
259 292
264 275 249 285
236 292
209 264
196 249
203 236
208 209 216 196 223 203
208
216
223
35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
34 | c o l d w e l l b a n k e r h o m e s . c o m