MA ARCHIVED May 2016 | Page 14

Cecil Community Information

Cecil 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
$ 1,998,950
0 %
5 %
Average List Price of all Current Listings
$ 2,327,740
-3%
2 %
May Median Sales Price
$ 2,000,000
0 %
82 %
43 %
$ 2,000,000
62 %
43 %
May Average Sales Price
$ 2,000,000
0 %
82 %
-10%
$ 2,000,000
55 %
-10%
Total Properties Currently for Sale ( Inventory )
12
20 %
0 %
May Number of Properties Sold
1
0 %
1
-67%
May Average Days on Market ( Solds )
13
0 %
-85% -93%
13
-90%
-93%
Asking Price per Square Foot ( based on New Listings )
$ 0
0 %
0 %
0 %
-100%
$ 0
-100%
-100%
May Sold Price per Square Foot
$ 0
0 %
-100% -100%
$ 0
-100%
-100%
May Month ' s Supply of Inventory
12.0
0 %
0 %
0 %
71 %
12.0
37 %
71 %
May Sale Price vs List Price Ratio
100.0 %
. 0 %
9.1 % 29.0 %
100.0 %
13 %
29 %
* 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 , equal to 1 in May of 2015 and higher than the 0 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 1 are running 66.7 % behind last year ' s year-to-date sales of 3 .
3
2
2
Number of Properties Sold
3 Mo Avg
1
1
Prices The Median Sales Price in May was $ 2,000,000 , up 81.8 % from $ 1,100,000 in May of 2015 and up from $ 0 last month . The Average Sales Price in May was $ 2,000,000 , up 81.8 % from $ 1,100,000 in May of 2015 and up from $ 0 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
0
-1
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
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
13
14
15
16
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
13
14
15
16
1 0 0 0 0 1 0 1 2 0 0 1 0 1 0 1 0 0 0 0 0 0 2 1 2 0 0 0 0 0 2 0 0 0 0 1
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 12 , up 20.0 % from 10 last month and equal to 12 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 12.0 months was at its lowest level compared with May of 2015 and 2014 .
25 20 15 10 5 0
Total Inventory & Month ' s Supply of Inventory ( MSI )
25
25.0
20
20.0
15
15.0
10
10.0
5
5.0
0
0.0
J
J
JA
JS
OA
NS DO JN FD
MJ
AF M JA
JMA J S JO AN SD
OJ
NF DM
AJ
MF MJ
AJ
MA SJ
OJ
NA
DS JO FNM DA JM
F M A M
13
13
14
14
15
15
16
16
13
14 13
16 14
14
16
12
14
10
12
8
10
8
8
8
11
8
15
8
16
11
18 15 17 16 18
18 20
17 19 18
17
20
15
19
13
17
14
15
12
13
11
14
12 12
12 13
11
12
11
12
12
13
11
11
10
12
9
11
7
10
6
8
9
10
12
7
6
8
10
12
25.0 20.0 15.0 10.0 5.0 0.0
14 | c o l d w e l l b a n k e r h o m e s . c o m