MA ARCHIVED May 2017 | Page 24

Market Action Report May 2017
Community Information
Market Action Report May 2017

County : Howard

Price Range : All | Properties : SFH - Con
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
$ 624,950
1 %
6 %
Average List Price of all Current Listings
$ 684,713
1 %
5 %
May Median Sales Price
$ 510,000
9 %
7 %
10 %
11 %
$ 470,000
4 %
3 %
May Average Sales Price
$ 524,841
7 %
5 %
7 %
7 %
$ 495,580
3 %
1 %
Total Properties Currently for Sale ( Inventory )
818
7 %
-15%
May Number of Properties Sold
295
27 %
-4%
1,078
5 %
May Average Days on Market ( Solds )
40
-2% -20% -17% -22%
53
-12%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 186
-2%
-2%
0 %
-2%
$ 190
0 %
1 %
May Sold Price per Square Foot
$ 185
1 %
1 %
1 %
2 %
$ 184
3 %
2 %
May Month ' s Supply of Inventory
2.8 -16% -6% -11% -26%
3.3
-26%
-12%
May Sale Price vs List Price Ratio
97.5 %
-. 4 %
. 4 %
. 7 %
. 9 %
96.9 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
400
May Property sales were 295 , down 4.2 % from 308 in May of
2016 and 27.2 % higher than the 232 sales last month . May 2017
350
Property sales were Sales at a mid level compared to May of 2016 and 2015 .
400
May
May Property YTD sales sales of were 1,078295 are , down running 4.2 % 5.4 from % ahead 308 in of May last of year ' s
2016 and 27.2 % higher than the 232 sales last month . May 2017
350 year-to-date sales of 1,023 . sales were at a mid level compared to May of 2016 and 2015 .
300
May YTD sales of 1,078 are running 5.4 % ahead of last year ' s
300
250
200
year-to-date sales of 1,023 .
250
150
200
100
150
50
100
0
50
0
Prices
The Median Sales Price in May was $ 510,000 , up 10.0 % from
Prices
$ 463,750 in May of 2016 and up 8.5 % from $ 470,000 last
J
14
600
The month Median . The Sales Average Price Sales in May Price was $ in 510,000 May was , up $ 524,841 10.0 % from , up 7.2 %
600
$ from 463,750 $ 489,694 in May of in 2016 May of and 2016 up 8.5 and % up from 6.6 $ % 470,000 from $ last 492,410 last
550
month . . The May Average 2017 ASP Sales was Price at in the May highest was $ level 524,841 compared , up 7.2 % to May
550 from of 2016 $ 489,694 and 2015 in May . of 2016 and up 6.6 % from $ 492,410 last
500
month . May 2017 ASP was at the highest level compared to May
500
450
of 2016 and 2015 .
450
400

Howard

Agent Name
400 350
265 233 244
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
14
15
16
17
J
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
265 233 244 193 203 167 179 108 133 179 207 275 347 320 282 214 223 175 243 122 169 186 238 308 371 307 322 232 249 213 257 166 141 244 232 295
350 300
300 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
14 A S O N D J F M
15 A M J J A S O N D J F M
16 A M J J A S O N D J F M A
17 M
14 15
16 17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of May
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 818 , Inventory up 7.2 % from of Properties 763 last available month and for down sale as 14.8 of May % from 1,200 was 960818 in , May up 7.2 of % last from year 763 . May last month 2017 Inventory and down was 14.8 % at from its lowest 1,200
8.0
1,000 960 level in compared May of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest 1,000
7.0 level compared with May of 2016 and 2015 . 800
6.0 800
600 5.0
600 4.0
A comparatively lower MSI is more beneficial for sellers while a 400
3.0 A comparatively lower MSI is more beneficial for sellers while a 400 higher MSI is better for buyers . The May 2017 MSI of 2.8 higher MSI is better for buyers . The May 2017 MSI of 2.8
200
2.0 months was at its lowest level compared with May of 2016 and 200 months was at its lowest level compared with May of 2016 and
1.0 2015 .
0 2015 .
0
0.0 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
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
1,090 1,093 1,082 1,042 1,054 936
Title Phone Website Other

Community Information

193 203 167
1,090 1,093 1,082 1,042 1,054 936 179 108
848 786
848 786 813 846
133 179 207
966 1,073 846 1,075
1,081 1,060 1,001 986
813
Number of Properties Sold
275 347 320 282
907 214 223 175
966 1,073 1,075 1,081 1,060 1,001 986
907
243
784 763 744
833
122 169
942 960 1,000
784 763 744
833
186 238
942
960 308 371
1,000 985 961
880
307 763
322 232
1,000 1,000 985 961
880 249 763
626 601 569
680 213
3 Mo Avg
257
3 Mo Avg
763 818
166
626 601 569
141 680
3 Mo Avg
244 232
763 818
295
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
24 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con 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 not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .