MA ARCHIVED November 2016 | Page 38

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
$ 1,425,000
-2%
-8%
Average List Price of all Current Listings
$ 1,666,771
-0%
-0%
November Median Sales Price
$ 0
-100% -100%
-100%
$ 1,300,000
1 %
5 %
November Average Sales Price
$ 0
-100% -100%
-100%
$ 1,314,722
-6%
-4%
Total Properties Currently for Sale ( Inventory )
31
-3%
-16%
November Number of Properties Sold
0 -100%
18
80 %
November Average Days on Market ( Solds )
0 -100% -100%
-100%
159
-21%
-31%
Asking Price per Square Foot ( based on New Listings )
$ 341
-39% -25% 32 %
-17%
$ 438
6 %
6 %
November Sold Price per Square Foot
$ 0
-100% -100%
-100%
$ 321
-39%
-34%
November Month ' s Supply of Inventory
0.0 -100% -100%
0 %
-100%
18.3
-48%
-44%
November Sale Price vs List Price Ratio
0.0 % -100.0% -100.0%
-100.0%
89.6 %
7 %
5 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
3 Mo Avg
Property Sales November Property sales were 0 , up from 0 in November of 2015 and 100.0 % lower than the 1 sales last month . November 2016 sales were at their lowest level compared to November of 2015 and 2014 . November YTD sales of 18 are running 80.0 % ahead of last year ' s year-to-date sales of 10 .
7 6 5 4
Number of Properties Sold
3 Mo Avg
3
2
1
Prices The Median Sales Price in November was $ 0 , up from $ 0 in November of 2015 and down 100.0 % from $ 1,325,000 last month . The Average Sales Price in November was $ 0 , up from $ 0 in November of 2015 and down 100.0 % from $ 1,325,000 last month . November 2016 ASP was at a mid range compared to November of 2015 and 2014 .
0 -1
2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000
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 13 14
15
16 Median Sales Price and Average Sales Price
D J 13 14
3 Mo Avg
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
15
16
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 5 1 6 0 0 2 1 0
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of November was 31 , down 3.1 % from 32 last month and down 16.2 % from 37 in November of last year . November 2016 Inventory was at its lowest level compared with November of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The November 2016 MSI of 0.0 months was at a mid level compared with November of 2015 and 2014 .
50 40 30 20 10 0
Total Inventory & Month ' s Supply of Inventory ( MSI )
50
40
30
34 36
20 10
47 42 47
47 47
43
36 34
38 36
34 36
33 38
37 34
36 33
37 42 36
43 40 38
41 40 43 38
41 43
41
41
38 42
42
38 43
43 42 42 43 43
37
38
38
37
29
29 32
30 29
27 29
32 30
34
24
25
30 27
31
24 25
0 0.0
D J DF MJ AF M AJ MJ AJ SJ OA NS DO JNFDM JA FM MJ AJ MA JS OJ AN DS OJ
FN MD AJ MF JM JA AM S JO JNA S O N
13 1413 14
15 15
16 16
32
30
31
34
50.0 40.0
30.0
31
32
20.0 10.0
31
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