MA ARCHIVED November 2017 | Page 16

Market Action Report
November 2017
County: Montgomery
MONTGOMERY
Market Action Report
Agent Name
Property Sales
160
November Property sales were 84, up 40.0% from 60 in
140
November Sales
of 2016 and 50.0% higher than the 56 sales last
Property
160
month. November
2017 were
sales
were
at their from
highest
November
Property sales
84,
up 40.0%
60 in level
120
140
compared of to 2016
November
of 2016
and
2015.
November
November
and 50.0%
higher
than
the 56
sales last YTD sales
of 952 November
are running
11.6%
ahead
year-to-date
sales 120 100
month.
2017
sales
were of
at last
their year's
highest
level
of 853. to November of 2016 and 2015. November YTD sales
compared
80
100
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
14 15
17 Sales Price
Median 16 Sales Price and Average
Prices
The Median Sales Price in November was $1,300,000, down
Prices
1,800
6.5%
from Sales
$1,390,000
November
of $1,300,000,
2016 and up
1.0% from
The
Median
Price in in
November
was
down
1,800
$1,286,673
last month.
The Average
Sales and
Price
November
1,700
6.5%
from $1,390,000
in November
of 2016
up in
1.0%
from
was $1,515,439,
down The
1.3% Average
from $1,535,545
$1,286,673
last month.
Sales Price in
in November
November of 1,700
2016
and down down
10.7%
from
$1,696,227
month. November
1,600
was
$1,515,439,
1.3%
from
$1,535,545 last
in November
of
2017 and
ASP
was 10.7%
at the from
lowest
level compared
to November
of 2016
2016
down
$1,696,227
last month.
November
1,600
1,500
and ASP
2015.
2017
was at the lowest level compared to November of 2016
and 2015.
3 Mo Avg
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
14 15
16
17
0
0
20 20
40
40
3 Mo Avg
Number of Properties Sold
60 60
-11%
-1%
0%
-5%
0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
80
1%
6.6
-7%
-5%
93.9% -1.7% -.8% .6% -1.2%
95.4%
0%
Number of Properties Sold 0%
November Sale Price vs List Price Ratio
of 952 are running 11.6% ahead of last year's year-to-date sales
of 853.
1%
1%
-2%
* LM=Last Month Month's
/ L3M=Last 3 Supply
Months / PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 5.2 -45% -41% -37% -26%
November
of Inventory
November
per
Foot Ratio
November Sold
Sale Price
Price
vs Square
List Price
Asking
Price Month's
per Square
Foot (based
on New Listings)
November
Supply
of Inventory
51
November Average
Sold Price
Foot
November
Days per
on Square
Market (Solds)
Asking Price
per Square
Foot (based
November
Number
of Properties
Sold on New Listings)
1%
-2%
952
-2% 12% -2%
-3%
58 -11%
-1%
$348
0%
952
12%
4%
58 $340
-11% 1% -11%
0%
-26% $348
6.6
-7% -1%
1%
-1.2% $340 95.4%
0% 0%
95
November
Average
Days for
on Sale
Market
(Solds)
Total
Properties
Currently
(Inventory)
$1,325,000
$1,487,207
November Average
Number
of Properties
Sold
November
Sales
Price
$1,325,000
$1,487,207
Total Properties
November
Median Currently
Sales Price for Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
YTD
-1%
0%
November
Sales
Price Listings
Average
List Average
Price of all
Current
Market Profile & Trends Overview
November Median Sales Price
Median List Price of all Current Listings
1%
6%
$2,130,530 Trending
3% versus*: 7%
Month
LM L3M PYM
LY
$1,300,000
$1,690,000
1% 1% -1%
6% -6%
$1,515,439
$2,130,530
3% -11% -1%
7% -1%
434
-17%
$1,300,000 1% -1% -6% -11%
-1%
84 50%
$1,515,439 -11%
-1% -1% 40%
0%
63 19% -11%
0% -16%
434 -17%
84 $346
50% -8% -3%
40% -8%
5% 1%
63 $353
19% 0%
0% -16%
-3%
$346 5.2
-8% -45%
-3% -41%
-8% -37%
-1%
$353 93.9%
0% -1.7%
5% -.8%
1% .6%
4%
Average List Price of all Current Listings
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
L3M PYM
LY
LM
Phone
Website
Month
Other
$1,690,000
Price Range: $1,000,000 and Up | Properties: SFH - Con
Community
Information
County: Montgomery
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
November 2017
Title
Phone
Agent Name
Website
Title
Other
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,500
1,400
1,400
1,300
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 14
F 15
M 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 J J A S O N
14 15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
comparatively
lower
MSI
is more
beneficial
for sellers
a 200
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a 200
higher MSI
MSI
better
buyers.
November
of 5.2
higher
is is
better
for for
buyers.
The The
November
2017 2017
MSI MSI
of 5.2
100 100
months was
was
lowest
level
compared
November
of 2016
months
at at
its its
lowest
level
compa red
with with
November
of 2016
0
0
and
and 2015.
2015.
J A J S J O A N S D O J N F D M J A F M M J A J M
A J S O
J F N M D A J M F J M J A A M S J O J N A
D J D F M
J A F M
M J A M
J N
A D S O
14 15 14 15
16
17
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
12.0
14.0
300 300
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
November was 434, down 16.9% from 522 last month and down 700
November was 434, down 16.9% from 522 last month and down 700
11.4% from
from
490
November
of last
year.
November
600 600
11.4%
490
in in
November
of last
year.
November
2017 2017
Inventory
was
lowest
level
compared
November
Inventory
was
at at
its its
lowest
level
compared
with with
November
of of 500 500
2016 and
and
2015.
2016
2015.
400 400
10.0
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.
12.0
10.0
8.0 8.0
6.0 6.0
4.0 4.0
2.0 2.0
0.0 0.0
S O N
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
16
| coldwellbankerluxury.com
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.
14.0