MA ARCHIVED May 2017 | Page 14

Market Action Report
Cecil
County: Cecil
Market Action Report
County: Cecil
May 2017
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
May 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$292,990
5%
11%
Other
$375,826 Trending
8% versus*:
19%
Month
LM 0%
L3M -1%
PYM 4%
LY
$220,126
$292,990
5% 3% 1%
11% -2%
$235,935
$375,826 497
8% -6% 19% -19%
$220,126 101
0% 26%
-1% 4% -7%
2%
$235,935 3%
1%
-2%
2%
62 -30% -30% -31%
497 -6%
-19%
$142 4% 4% 11%
101 26%
-7%
$122 0% 1% 5%
62 -30% -30% -31% -32%
4.9 -26% -12% -13%
$142 4% 4% 11% 9%
94.6% -.2% .8% 1.5%
Average List Price of all Current Listings
Market
Profile
& Trends
May Median
Sales
Price Overview
Median
List Price
of all
Current Listings
May Average
Sales
Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
May
Sales
Price
May Median
Number
of Properties
Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
May Number of Properties Sold
May Sold Price per Square Foot
May Average Days on Market (Solds)
May Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
May Sale Price vs List Price Ratio
May Sold Price per Square Foot
May Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 10%
Prior Year
$224,000
2%
2%
$233,224
4%
1%
3%
$224,000
$233,224
-32%
10%
415
3%
92
9%
$139
415
-5%
4%
$122
92
-6%
-21%
6.1
$139
10%
2.4%
93.6%
-5% 4%
-6% 1%
10%
1%
1%
-14%
7%
2%
1%
7%
3%
-3%
1%
$122 0% 1% 5% 4%
$122
1%
3%
4.9 -26% -12% -13% -21%
6.1 -14%
-3%
Number of 93.6%
Properties
94.6% -.2% .8% 1.5% 2.4%
2% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
May Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
140
May Property sales were 101, down 7.3% from 109 in May of
2016 and 26.3% higher than the 80 sales last month. May 2017 120
Property
sales were Sales
at a mid level compared to May of 2016 and 2015. 140
May
sales
101, running
down 7.3%
from
109 in
May
of year-
100
May Property
YTD sales
of were
415 are
4.8%
behind
last
year's
2016
and sales
26.3% of higher
to-date
436. than the 80 sales last month. May 2017 120
80
sales were at a mid level compared to May of 2016 and 2015.
Prices
14
The Median Sales Price in May was $220,126, up 3.8% from
350
Prices
$212,000 in May of 2016 and up 0.3% from $219,450 last
330
The
Median
Sales
Price Sales
in May Price
was $220,126,
3.8% from down
month.
The
Average
in May was up $235,935,
350 310
$212,000
in $240,058
May of 2016
and up
$219,450
last
1.7% from
in May
of 0.3%
2016 from
and up
2.6% from
330 290
month.
The last
Average
Sales
Price
in May
down
$229,846
month.
May
2017
ASP was
was $235,935,
at the lowest
level
310 270
1.7%
from $240,058
in 2016
May of
2016
and up 2.6% from
compared
to May of
and
2015.
290
$229,846 last month. May 2017 ASP was at the lowest level
250
270
compared to May of 2016 and 2015.
230
250
210
230
190
210
170
190
170 150
150
Inventory & MSI
16
Median Sales Price and Average Sales Price
17
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
0
73
15
15 A M J J A S O N D J F M 16
J J 14
A S O N D J F M
A M J J A S O N D J F M A 17 M
14
15
16
17
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
900
was Total
497, Inventory
down 6.2%
from 530 last
month
The
of Properties
available
for and
sale down
as of 19.4%
May from
617 497,
in May
of 6.2%
last year.
May last
2017
Inventory
was 19.4%
at its lowest
was
down
from 530
month
and down
from 900 800
800 700
617
in May
of last with
year. May
May of
2017
Inventory
was at its lowest
level
compared
2016
and 2015.
700 600
level compared with May of 2016 and 2015.
600 500
500 400
A comparatively lower MSI is more beneficial for sellers while 400
a 300
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
May 2017
MSI of
4.9 a 300 200
200
higher
MSI
is better
for buyers.
May 2017
MSI
of 4.9
100
months
was
at its lowest
level The
compared
with
May
of 2016 and
100
months
0
2015. was at its lowest level compared with May of 2016 and
2015.
98
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
14
15
16
17
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
Median Sales Price and Average Sales Price
3 Mo Avg
0
0
20
20
40
40
60
3 Mo Avg
60
80
100
May YTD sales of 415 are running 4.8% behind last year's year-
to-date sales of 436.
Number of Properties Sold
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 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
14
15
16
17
14
15
16
17
Copyright
© Coldwell
Banker Residential
Brokerage | Price
Range: All | Property
Types:
SFH - Con
Copyright
©
Range:
Types:
SFH - Con
14
| Coldwell
c o Banker
l d Residential
w e l l Brokerage
b a n | k Price
er
h o All m | Property
es . c
om
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0