MA ARCHIVED November 2017 | Page 24

Market Action Report November 2017
Community Information
Market Action Report November 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
$ 627,450
1 %
14 %
Average List Price of all Current Listings
$ 697,231
2 %
11 %
November Median Sales Price
$ 450,000
-3%
-3%
-4%
-2%
$ 477,326
4 %
4 %
November Average Sales Price
$ 478,920
-3%
-5%
-5%
-3%
$ 504,256
3 %
2 %
Total Properties Currently for Sale ( Inventory )
656 -13%
-15%
November Number of Properties Sold
217
11 %
2 %
2,734
1 %
November Average Days on Market ( Solds )
49
9 %
11 %
2 %
-4%
45
-10%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 193
5 %
2 %
1 %
2 %
$ 189
0 %
0 %
November Sold Price per Square Foot
$ 178
-4%
-2%
2 %
-2%
$ 183
1 %
1 %
November Month ' s Supply of Inventory
3.0 -22% -13% -16% -20%
3.2
-17%
-15%
November Sale Price vs List Price Ratio
95.9 %
-. 4 %
-. 7 %
. 6 %
-. 7 %
97.0 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Howard

Agent Name
Property Sales
400
November Property sales were 217 , up 1.9 % from 213 in
November of 2016 and 11.3 % higher than the 195 sales last
350
Number of Properties Sold
3 Mo Avg
Property month . November Sales 2017 sales were at their highest level
400
November compared Property to November sales were of 2016 217 , and up 1.9 2015 % from . November 213 in YTD sales
November of 2016 and 11.3 higher than the 195 sales last
350 of 2,734 are running 0.6 % ahead of last year ' s year-to-date sales
300
250
month of 2,718 . November . 2017 sales were at their highest level compared to November of 2016 and 2015 . November YTD sales
300
200
of 2,734 are running 0.6 % ahead of last year ' s year-to-date sales of 2,718 .
250
200
150
100
150
50
100
0
50
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 $ 450,000 , down 4.2 %
Prices from $ 469,900 in November of 2016 and down 3.1 % from
The
$ 464,500 Median last Sales month Price . in The November Average was Sales $ 450,000 Price in , down November 4.2 % was
600 from
$ 478,920 $ 469,900 , down in November 4.8 % from of $ 2016 502,808 and in down November 3.1 % from of 2016 and
D
J
F M A M J
14
15
600
550
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
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
$ down 464,500 3.0 last % from month $ 493,756 . The Average last month Sales . Price November in November 2017 ASP was was
550
$ at 478,920 a mid , range down compared 4.8 % from to $ 502,808 November in November of 2016 and of 2016 2015 and .
500
down 3.0 % from $ 493,756 last month . November 2017 ASP was
500
450
at a mid range compared to November of 2016 and 2015 .
450
400
400 350
179 108
179 108 133 179 207 275 347 320 282 214 223 175 243 122 169 186 238 308 371 307 322 232 250 213 257 166 141 246 233 305 364 330 300 237 195 217
350
300
300
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 656 of , down Properties 12.9 % available from 753 for last sale month as of and down
1,200
November
14.9 % from was 771 656 in , down November 12.9 % of from last 753 year last . November month and 2017 down
1,200
1,000
14.9
Inventory % from 771 was in at November its lowest of level last compared year . November with November 2017 of
1,000
Inventory
2016 and was 2015 at . its lowest level compared with November of
800
2016 and 2015 .
800
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The November 2017 MSI of 3.0 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 3.0 of
2016200 months and 2015 was
. at its lowest level compared with November of 2016 and 2015 .
0
4.0
400
3.0
200
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
848 786 813 846
133
Title Phone Website Other

Community Information

848 786
179
966 1,073
813
846 207 275 347 320 282 214
1,076 1,082 1,061 1,002 987
908
223
Number of Properties Sold
175
966 1,073 1,076 1,082 1,061 1,002 987
908 243
785 764 746
835 122 169 186
785 764 944
746 963 835
238 308 371
1,003 1,003 989 965
885 307
771
322 232
944 963 1,003 1,003 989 965
885 250 771
213
637 612 581
694 257 166 141
786 883 915
637 612 581
694 246 233 305
867 838 827
753 364
656 330 300 237
786 883 915 867 838 827
753
3 Mo Avg
195
656 217
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
24 | 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 .