MA ARCHIVED November 2016 | Page 28

Market Action Report November 2016
Community Phone Information
Market Action Report November 2016

County : Montgomery

Price Range : $ 1,000,000 and Up | 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
$ 1,599,000
1 %
-0%
Average List Price of all Current Listings
$ 2,024,983
2 %
2 %
November Median Sales Price
$ 1,390,000
13 %
4 %
9 %
6 %
$ 1,310,000
1 %
0 %
November Average Sales Price
$ 1,535,545
9 %
1 %
1 %
3 %
$ 1,514,233
1 %
1 %
Total Properties Currently for Sale ( Inventory )
487
-9%
10 %
November Number of Properties Sold
60 -10%
-14%
852
2 %
November Average Days on Market ( Solds )
75
50 %
9 %
0 %
23 %
65
12 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 376
-8%
3 %
-10%
6 %
$ 346
-1%
-2%
November Sold Price per Square Foot
$ 351
24 %
8 %
1 %
4 %
$ 337
-1%
0 %
November Month ' s Supply of Inventory
8.1
2 %
-8%
28 %
16 %
7.1
-2%
1 %
November Sale Price vs List Price Ratio
93.3 % -1.3% -1.6% -. 6 % -2.0%
95.2 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Montgomery

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Other
Property Sales
160
November Property sales were 60 , down 14.3 % from 70 in
November of 2015 and 10.4 % lower than the 67 sales last month .
Property
November
Sales 2016 sales were at a mid level compared to
160
November Property sales were 60 , down 14.3 % from 70 in
November of 2015 and 2014 . November YTD sales of 852 are
November of 2015 and 10.4 % lower than the 67 sales last month .
140 running 2.2 % ahead of last year ' s year-to-date sales of 834 .
November 2016 sales were at a mid level compared to
120
November of 2015 and 2014 . November YTD sales of 852 are
140
120
100
80
Number of Properties Sold
3 Mo Avg
running 2.2 % ahead of last year ' s year-to-date sales of 834 .
100
60
80
40
60
40
20
20
0
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
0
13
14
15
16
D
J
F M A M J
Prices
13
14
The Median Sales Price in November was $ 1,390,000 , up 8.8 %
Prices
1,800 from $ 1,277,000 in November of 2015 and up 13.5 % from
The
$ 1,225,000 Median Sales last Price month in . November The Average was Sales $ 1,390,000 Price in , up November 8.8 %
1,800 from 1,277,000 in November of 2015 and up 13.5 % from
1,700 was $ 1,535,545 , up 0.7 % from $ 1,524,489 in November of 2015
$ and 1,225,000 up 8.9 last % from month $ 1,409,971
. The Average last month
Sales Price . November in November 2016 ASP
1,7001,600 was $ 1,535,545 , up 0.7 % from $ 1,524,489 in November of 2015 was at the highest level compared to November of 2015 and and up 8.9 % from $ 1,409,971 last month . November 2016 ASP
2014 .
1,6001,500 was at the highest level compared to November of 2015 and
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
Median 15Sales Price and Average
16 Sales Price
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
2014 .
1,500
1,400
1,400 1,300
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 94 140 95 103 53 67 60
1,300 1,200
1,200 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 13 F 14 M A M J J A S O N D J F M15A M J J A S O N D J F M A16M J J A S O N 13 14
15 16
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The November Total Inventory was 487 of , down Properties 8.8 % available from 534 for last sale month as of and up 700 14.0
November was 487 , down 8.8 % from 534 last month and up 700 14.0
9.7 % from 444 in November of last year . November 2016 600 12.0
9.7 Inventory % from 444 was in at November its highest of level last year compared . November with 2016 November of 600 12.0
Inventory was at its highest level compared with November of
500 10.0
2015 and 2014 . 500
10.0 2015 and 2014 .
400 8.0
400 8.0
300 6.0
300
6.0 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 200
4.0 higher MSI is better for buyers . The November 2016 MSI of 8.1 200
4.0 higher MSI is better for buyers . The November 2016 MSI of 8.1 months was at its highest level compared with November of
100 2.0 months was at its highest level compared with November of 100
2.0
2015
2015 and
and 2014
2014 .
. 0
0 0.0
0.0
D J DF MJ AF M JA MJ AJ
SJ OA NS DO JNF DM JA FM MJ AJ MA JS OJ NA DS OJ
FN MD AJ MF JM JAAM S JO JN
A S O N
13 1413 14
15 15
16 16
269
74 42 379
275
305 269 275
42 452 305
63 530 379
62
452 540 486
86 530
465 99
540
97 75
486
540 530 465
540
419 78
530
343 67
Number of Properties Sold
53 68
526
328 419
348 343
427
328 35 29 67 77 89 117 127
564
427 566
538 526
495 564
543 566
526 538
444 495
348
99 543 349
73 526 339
51
444 464
365 70 349
573 67 339
555 38 365
49
564 464 526
51
573 555
487 102 545
564 94 534
526 140 487
487 95
545 103 534
3 Mo Avg
53
487 67 60
28 | 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 : $ 1,000,000 and Up | 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 .