MA ARCHIVED May 2016 | Page 28

Community Information

Montgomery

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
$ 1,500,000
0 %
0 %
Average List Price of all Current Listings
$ 1,913,630
1 %
1 %
May Median Sales Price
$ 1,260,000
-4%
-3%
-4%
-4%
$ 1,303,000
-2%
0 %
May Average Sales Price
$ 1,430,717
-7%
-6%
1 %
-4%
$ 1,509,062
0 %
1 %
Total Properties Currently for Sale ( Inventory )
564
-3%
0 %
May Number of Properties Sold
93
-9%
4 %
333
12 %
May Average Days on Market ( Solds )
59
28 %
-8%
-13%
-3%
64
-10%
5 %
May Month ' s Supply of Inventory
6.1
7 %
-13%
-4%
-14%
7.5
-8%
7 %
May Sale Price vs List Price Ratio
96.4 %
. 3 %
. 8 %
. 0 %
1.3 %
95.6 %
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 )
3 Mo Avg
Property Sales May Property sales were 93 , up 4.5 % from 89 in May of 2015 and 8.8 % lower than the 102 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 333 are running 12.1 % ahead of last year ' s year-to-date sales of 297 .
140 120 100 80
Number of Properties Sold
3 Mo Avg
60
40
Prices The Median Sales Price in May was $ 1,260,000 , down 3.8 % from $ 1,310,000 in May of 2015 and down 4.2 % from $ 1,315,500 last month . The Average Sales Price in May was $ 1,430,717 , up 0.9 % from $ 1,417,642 in May of 2015 and down 6.6 % from $ 1,531,791 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
20
125 104 86 53 53 61 74 42 42 63 62 86 99 97 75 78 67 53 68 35 29 67 77 89 117 127 99 73 51 70 67 38 49 51 102 93
0 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 3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,800 1,700 1,600 1,500 1,400 1,300 1,200
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
13
14
15
16
Inventory & MSI The Total Inventory of Properties available for sale as of May was 564 , down 2.8 % from 580 last month and equal to 564 in May of last year . May 2016 Inventory was at its highest 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 6.1 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
14.0 600
12.0 500
10.0 400
8.0 300
6.0 200
4.0 100
2.0
0 0.0
J J A
J
S
J
O
A
N
S
D
O
J
N
F
D
M
J
A
F M J
A J
M A
J S
J O
A N
S D
O J
N F
D M A
J
M
F M J
A J A
M
S
J
O
J
N
A
D
S J
O F
N M
D A
J M
F M A M
13 13
14 14
15 15
16 16
417
393
417
363
435 393
363 434
435
345
434
270
345
277
309 270
381
277
455
309
533
381
542 455 487
533
466
542
541 487
531 466
419
541
343
531
526
328
348 419
343 428 328
564
348
566
428
526
538
564
494
566
543
538
527
494
445
543
350
527
342
367
445 470
580
350
564
342
367
470
580
564
14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
28 | c o l d w e l l b a n k e r h o m e s . c o m