MA ARCHIVED May 2016 | Page 41

Sussex Community Information

Sussex 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
$ 1,697,000
3 %
6 %
Average List Price of all Current Listings
$ 2,014,247
2 %
6 %
May Median Sales Price
$ 1,550,000
-8%
-3%
-4%
14 %
$ 1,500,000
-6%
10 %
May Average Sales Price
$ 1,778,274
8 %
3 %
7 %
9 %
$ 1,658,825
-4%
1 %
Total Properties Currently for Sale ( Inventory )
196
-2%
20 %
May Number of Properties Sold
11
38 %
-15%
35
-27%
May Average Days on Market ( Solds )
250
-21%
-4%
60 %
37 %
231
6 %
26 %
May Month ' s Supply of Inventory
17.8
-28% -42% 42 %
-24%
33.6
92 %
44 %
May Sale Price vs List Price Ratio
91.6 %
-. 4 % 1.2 % -2.0% -3.1%
96.7 %
4 %
2 %
* 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 11 , down 15.4 % from 13 in May of 2015 and 37.5 % higher than the 8 sales last month . May 2016 sales were at their lowest level compared to May of 2015 and 2014 . May YTD sales of 35 are running 27.1 % behind last year ' s yearto-date sales of 48 .
25
20
15
Number of Properties Sold
3 Mo Avg
10
5
Prices The Median Sales Price in May was $ 1,550,000 , down 4.3 % from $ 1,620,000 in May of 2015 and down 8.1 % from $ 1,687,500 last month . The Average Sales Price in May was $ 1,778,274 , up 6.8 % from $ 1,665,076 in May of 2015 and up 7.8 % from $ 1,649,543 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
5 10 10 10 10 10 10 3 8 5 9 14 17 6 7 20 13 7 9 11
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
2,500 2,300 2,100 1,900 1,700 1,500 1,300 1,100
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
7 6 11 13 6 8 8 12 5 8 4 9 3 4 8 11
Inventory & MSI The Total Inventory of Properties available for sale as of May was 196 , down 1.5 % from 199 last month and up 20.2 % from 163 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 17.8 months was at its highest level compared with May of 2015 and 2014 .
250
200
150
100
50
0
Total Inventory & Month ' s Supply of Inventory ( MSI ) 250
70.0
200 60.0
150
50.0 40.0
100 30.0
50
20.0 10.0
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
177
173
177
170
173
163
159 170
147 163
127 159
134 147
143 127 148
134 163 143 165 148 168 163 170
165 168
168 173
170 171
158
168
141 173
142 171
147 158
157 141
142 164
163 147
157 178
164 190
163 186
188 178 191 190
179 186
162 188
163 191
173 179 199
162 199
163 196 173
199
199
196
70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
c o l d w e l l b a n k e r h o m e s . c o m | 41