MA ARCHIVED May 2016 | Page 24

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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
$ 1,250,000
0 %
0 %
Average List Price of all Current Listings
$ 1,580,881
1 %
9 %
May Median Sales Price
$ 1,117,500
1 %
-1%
-8%
-5%
$ 1,150,905
5 %
-2%
May Average Sales Price
$ 1,173,237
-2%
-7%
-14%
-7%
$ 1,243,924
-2%
-2%
Total Properties Currently for Sale ( Inventory )
99
-5%
0 %
May Number of Properties Sold
6
0 %
-25%
30
58 %
May Average Days on Market ( Solds )
92
130 % 70 %
48 %
0 %
52
-50%
-43%
Asking Price per Square Foot ( based on New Listings )
$ 188
-5%
-4%
-3%
-11%
$ 199
-4%
-6%
May Sold Price per Square Foot
$ 190
12 %
-5%
-32%
-2%
$ 204
-11%
5 %
May Month ' s Supply of Inventory
16.5
-5%
8 %
33 %
-38%
14.6
-48%
-45%
May Sale Price vs List Price Ratio
92.4 %
. 0 %
-4.4% -2.3% -2.4%
98.1 %
6 %
4 %
* 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 6 , down 25.0 % from 8 in May of 2015 and the same as the 6 sales last month . May 2016 sales were at a mid level compared to May of 2015 and 2014 . May YTD sales of 30 are running 57.9 % ahead of last year ' s year-to-date sales of 19 .
Prices The Median Sales Price in May was $ 1,117,500 , down 7.7 % from $ 1,210,662 in May of 2015 and up 0.7 % from $ 1,110,000 last month . The Average Sales Price in May was $ 1,173,237 , down 13.7 % from $ 1,359,103 in May of 2015 and down 1.6 % from $ 1,192,500 last month . May 2016 ASP was at the lowest level compared to May of 2015 and 2014 .
16 14 12 10 8 6 4 2 0
16 14 12 10 8 6 4 2 0
J 13
6
J
6 4 4 2 3
13
J
A
S
O N D
J
14
6 1
J A S O N D J
2
Number of Properties Sold
3 5 5 4 8 7 9 1
14
F M A M
J
J
A
S
O N D
J
15
6 6 4 4 2 3 6 1 2 3 5 5 4 8 7 9 1 4 9 2 2 2 5 8 10 5 14
15
F M A M
J
J
A
S
O N D
J
16
3 Mo Avg
2,000
1,900
2,000
1,800
1,900
1,700
1,800
1,700
1,600
Median Sales Price and Average Sales Price
3 Mo Avg
1,6001,500
1,5001,400
1,4001,300
1,3001,200
1,2001,100
1,1001,000
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
J
J
13
A
S O N D
J
F M14A M J
J
A
S O N D
J
F M
15 A M J
J
A
S O N D
J
F M A16M
13
14
15
16
4 9 2 2 2 5
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
8 10 5 14 9 1 3 9 5 6
9 1 3 9 5 6 7 6 6
7 6 6
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 99 , down 4.8 % from 104 last month and equal to 99 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 16.5 months was at a mid level compared with May of 2015 and 2014 .
120 100 80 60 40 20 0
120
100
80
60
72 74 74 78 78 76
72 74 74 78 78 76
67 67 72
40
20
Total Inventory & Month ' s Supply of Inventory ( MSI )
84
93
67 67 72
114 112
84
93
114 112
100 92 91
100 92 91
82
82
73
75 68 71
81
88
73
75 68 71
99 100
94 88
95 99
96 100
95 94 95 96 95 91
91
78 73 74
0 0.0
J J AJ SJ OA NS DO JN FD MJ
AF MJA JMA JS JO AN SD OJ
NF MD AJ MF MJ JA AM SJ OJ NA DS JOFNM DA JM
F M A M
13 13
14 14
15 15
16 16
81
85
104 99
78 73 74
100.0
80.0
85
60.0
40.0
20.0
104
99
100.0 80.0 60.0 40.0 20.0 0.0
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