Worcester Community Information
Worcester 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 |
$ 1,590,900 |
3 % |
|
-6% |
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|
Average List Price of all Current Listings |
$ 1,823,975 |
3 % |
|
-2% |
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|
May Median Sales Price |
$ 1,050,000 |
-13% -19% -18% -15% |
$ 1,300,000 |
-14% |
5 % |
May Average Sales Price |
$ 1,050,000 |
-17% -20% -18% -24% |
$ 1,318,125 |
-15% |
-4% |
Total Properties Currently for Sale ( Inventory ) |
25 |
-11% |
-40% |
|
|
May Number of Properties Sold |
1 |
-75% |
-50% |
8 |
33 % |
May Average Days on Market ( Solds ) |
26 |
-75% -79% -79% -89% |
126 |
-2% |
-45% |
May Month ' s Supply of Inventory |
25.0
257 % 58 %
|
19 % |
-26% |
20.1 |
-33% |
-40% |
May Sale Price vs List Price Ratio |
82.4 % -11.8% -10.2% -9.5% -3.2% |
91.8 % |
13 % |
8 % |
* 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 , down 50.0 % from 2 in May of 2015 and 75.0 % lower than the 4 sales last month . May 2016 sales were at their lowest level compared to May of 2015 and 2014 . May YTD sales of 8 are running 33.3 % ahead of last year ' s yearto-date sales of 6 .
Prices The Median Sales Price in May was $ 1,050,000 , down 18.4 % from $ 1,287,500 in May of 2015 and down 13.4 % from $ 1,212,500 last month . The Average Sales Price in May was $ 1,050,000 , down 18.4 % from $ 1,287,500 in May of 2015 and down 16.7 % from $ 1,261,250 last month . May 2016 ASP was at the lowest level compared to May of 2015 and 2014 .
Number of Properties Sold
5 |
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4 |
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4 |
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3 |
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3 |
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2 |
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2 |
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1 |
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1 |
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0 |
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-1 |
J
13
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J |
A |
S |
O N D
J
F M A M
14
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J |
J |
A |
S |
O N D
J
F M A M
15
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J |
J |
A |
S |
O N D
J
F M A M
16
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3 Mo Avg |
Median Sales Price and Average Sales Price |
3 Mo Avg |
2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000
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 |
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14 |
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15 |
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16 |
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2 0 3 1 3 3 0 0 0 0 1 2 0 2 0 1 0 1 0 1 2 0 1 2 1 1 1 1 0 0 2 0 1 2 4 1
Inventory & MSI The Total Inventory of Properties available for sale as of May was 25 , down 10.7 % from 28 last month and down 40.5 % from 42 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 25.0 months was at its highest level compared with May of 2015 and 2014 .
60 50 40 30 20 10 0
Total Inventory & Month ' s Supply of Inventory ( MSI ) 60
60.0 50
50.0 40
40.0
30 30.0
20 20.0
10 10.0
0 0.0
J J
J A
J S 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
M A 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
44
41 44
44
44
45 41 45
45 41
45 35
41
37 37
37
35 39
37 39
35
34 38 35 37 34 43 38 48 48 43
37 44
48 41
48 39
44 41
42 44 39 42
39 42 44 39
42
43
43 39 43
39 44 44
43 38
44 44
30 30
38
33 31
30 28
30
25 33 31
28 25
60.0 50.0 40.0 30.0 20.0 10.0 0.0
38 | c o l d w e l l b a n k e r h o m e s . c o m