MA ARCHIVED November 2017 | Page 20

Market Action Report November 2017
Community Information
Market Action Report November 2017

County : Frederick

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
$ 394,990
1 %
5 %
Average List Price of all Current Listings
$ 430,513
1 %
6 %
November Median Sales Price
$ 325,000
-1%
-1%
9 %
9 %
$ 325,000
10 %
9 %
November Average Sales Price
$ 340,473
2 %
1 %
4 %
7 %
$ 336,252
6 %
6 %
Total Properties Currently for Sale ( Inventory )
1,163 -10%
-7%
November Number of Properties Sold
294 -12%
-7%
3,805
4 %
November Average Days on Market ( Solds )
48
-6%
0 %
-26% -28%
53
-20%
-21%
Asking Price per Square Foot ( based on New Listings )
$ 145
-5%
-3%
5 %
3 %
$ 146
4 %
4 %
November Sold Price per Square Foot
$ 139
-1%
-1%
3 %
4 %
$ 139
3 %
4 %
November Month ' s Supply of Inventory
4.0
2 %
2 %
1 %
-8%
3.7
-14%
-13%
November Sale Price vs List Price Ratio
98.0 %
. 5 %
. 5 %
2.3 % 2.4 %
97.1 %
1 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
November Property sales were 294 , down 7.3 % from 317 in
November of 2016 and 11.7 % lower than the 333 sales last
Property month . November Sales 2017 sales were at a mid level compared to
600
500
November Property of 2016 sales and were 2015 . 294 November , down 7.3 YTD % from sales 317 of in 3,805 are
November running 3.7 of % 2016 ahead and of 11.7 last % lower year ' s than year-to-date the 333 sales sales last of 3,670 .
500 month . November 2017 sales were at a mid level compared to
400
November of 2016 and 2015 . November YTD sales of 3,805 are running 3.7 % ahead of last year ' s year-to-date sales of 3,670 .
400
300
300
200

Frederick

Agent Name
Title Phone Website Other

Community Information

200
100
Number of Properties Sold
100
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
14
15
16
17
Prices
The Median Sales Price in November was $ 325,000 , up 8.7 %
D
J
F M A M J
14
15
J
A
SMedian O N D JSales F M APrice M J Jand
A SAverage O N D
J Sales
F M A Price M J
J
16
17
A S O N
3 Mo Avg
Prices from $ 299,000 in November of 2016 and down 0.8 % from
The
$ 327,750 Median last Sales month Price . in The November Average was Sales $ 325,000 Price in , up November 8.7 % was from
$ 340,473 $ 299,000 , up 3.9 in November % from $ 327,707 of 2016 in and November down 0.8 % of from 2016 and up
390
390
370
Median Sales Price and Average Sales Price
3 Mo Avg
$
1.7 327,750 % from last $ 334,870 month . The last Average month . Sales November Price in 2017 November ASP was was at the
$ 340,473 , up 3.9 % from $ 327,707 in November of 2016 and up
370 highest level compared to November of 2016 and 2015 .
1.7 % from $ 334,870 last month . November 2017 ASP was at the
350
350
330
highest level compared to November of 2016 and 2015 .
330
310
310
290
290 270
251 179 206
251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 275 330 413 440 389 401 362 311 317 305 245 202 311 361 448 492 371 389 359 333 294
270
250
250
D
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
November Total Inventory was 1,163 of , Properties down 10.2 available % from 1,295 for sale last month of and
2,000
November down 6.5 % was from 1,163 1,244 , down in 10.2 November % from of 1,295 last last year month . November and
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
down 20176.5 Inventory % from 1,244 was at in its November lowest level of last compared year . November with November
1,500
7.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with November of 2016 and 2015 .
1,500
1,000
6.0
5.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial November for sellers 2017 while MSI a of
4.0500 higher months MSI was is better at a mid for level buyers compared . The November with November 2017 MSI of of 2016 4.0 and months
2015 . was at a mid level compared with November of 2016 and
2015 .
0
500
3.0
2.0
1.0
0
0.0
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
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
14
15
16
17
1,358 1,272 1,283 1,360
1,508 264
1,358 1,272 1,283 1,360
279
1,508 355 513 382 342
1,619 1,666 1,726 1,666 1,693 1,656
340 318
1,484 1,347 1,250 1,231
1,369
Number of Properties Sold
247
1,619 1,666 1,726 1,666 1,693 1,656
1,484 333 205 227
1,423 1,448
275
1,347 1,250 1,231
1,369
330 413 440 389 401 362
1,423 1,448 1,516 1,521 1,469 1,479 1,390
311
1,516 1,521 1,469 1,479 1,390
1,244 1,092 1,025 1,045 317 305
1,244 1,092 1,025
1,164 1,256
245 202
1,045
1,164 311 361 448
1,316 1,368 1,368 1,319 1,341 1,295
3 Mo Avg
492
1,163 371 389
1,256 1,316 1,368 1,368 1,319 1,341
3 Mo Avg
359 333
1,295 1,163
294
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
20 | c o l d w e l l b a n k e r h o m e s . c o m
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 .