MA ARCHIVED May 2016 | Page 36

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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
$ 497,000
2 %
6 %
Average List Price of all Current Listings
$ 997,624
5 %
10 %
May Median Sales Price
$ 320,000
12 %
12 %
-9%
7 %
$ 296,000
5 %
-1%
May Average Sales Price
$ 399,603
-16%
-7%
-40% -18%
$ 426,064
-14%
-13%
Total Properties Currently for Sale ( Inventory )
506
6 %
-10%
May Number of Properties Sold
37
-27%
-26%
216
5 %
May Average Days on Market ( Solds )
177
36 %
28 %
10 %
20 %
153
6 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 213
-4%
-13% -24%
-1%
$ 237
4 %
10 %
May Sold Price per Square Foot
$ 229
18 %
30 %
18 %
42 %
$ 172
11 %
7 %
May Month ' s Supply of Inventory
13.7
46 %
24 %
22 %
18 %
10.4
-16%
-10%
May Sale Price vs List Price Ratio
90.3 %
1.8 % 2.1 % 4.4 %
3.1 %
87.8 %
0 %
0 %
* 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 37 , down 26.0 % from 50 in May of 2015 and 27.5 % lower than the 51 sales last month . May 2016 sales were at their lowest level compared to May of 2015 and 2014 . May YTD sales of 216 are running 4.9 % ahead of last year ' s year-to-date sales of 206 .
Prices The Median Sales Price in May was $ 320,000 , down 9.2 % from $ 352,500 in May of 2015 and up 11.9 % from $ 286,000 last month . The Average Sales Price in May was $ 399,603 , down 39.5 % from $ 660,898 in May of 2015 and down 15.7 % from $ 474,008 last month . May 2016 ASP was at the lowest level compared to May of 2015 and 2014 .
70 60 50 40 30 20 10 0
800 700 600 500 400 300 200
70 60 50 40 30 20 10 0
Number of Properties Sold
32 49 37 40 44 39 34 33 24 33 40 37 47 43 47 49 55 49 38 38 26 42 50 50 41 59 55 43 59 45 40 45 40 43 51 37
J 13
800
700 600 500 400 300
32
J
49 37 40 44 39
13
J
A
S
O N D
J
14
34 33
J A S O N D J
24 33 40 37 47 43 47 49
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
55
49
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
38 38 26 42 50
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
50 41 59 55 43 59 45 40 45 40
3 Mo Avg
43 51 37
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 506 , up 5.6 % from 479 last month and down 9.8 % from 561 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 13.7 months was at a mid level compared with May of 2015 and 2014 .
700 600 500 400 300 200 100
0
700
600
500
564
400
300
200
100
601
600 564
587 601
600
569
Total Inventory & Month ' s Supply of Inventory ( MSI )
587
529
569
450
529
449
447 450 471
449 530
447
548
576
471
530 560 548
550 576
567 560
553 510
550
427 567
431 553
432 510
427 486
431 544
432 561
486 574
568 544
557 561
545 574 527 568
492 557
433 545
401 527
397 492
433 433 479
401 506
397
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
20.0
15.0
433
10.0
5.0
479
506
20.0
15.0
10.0
5.0
0.0
36 | c o l d w e l l b a n k e r h o m e s . c o m