MA ARCHIVED November 2017 | Page 28

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

County : Montgomery

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
$ 599,900
-2%
7 %
Average List Price of all Current Listings
$ 937,894
4 %
12 %
November Median Sales Price
$ 480,000
8 %
2 %
12 %
5 %
$ 475,000
3 %
4 %
November Average Sales Price
$ 598,987
8 %
4 %
11 %
6 %
$ 582,601
3 %
3 %
Total Properties Currently for Sale ( Inventory )
1,630 -21%
-20%
November Number of Properties Sold
693
-2%
1 %
8,598
1 %
November Average Days on Market ( Solds )
42
2 %
2 %
-21% -14%
41
-15%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 251
-3%
0 %
3 %
1 %
$ 251
1 %
1 %
November Sold Price per Square Foot
$ 240
3 %
2 %
3 %
4 %
$ 238
3 %
3 %
November Month ' s Supply of Inventory
2.4 -20% -17% -21% -23%
2.6
-15%
-14%
November Sale Price vs List Price Ratio
96.8 % -1.2% -. 3 %
. 4 %
. 1 %
97.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400
November Property sales were 693 , up 1.2 % from 685 in
November of 2016 and 1.8 % lower than the 706 sales last month .
1,200
Property
November Sales 2017 sales were at their highest level compared to
1,400
November Property of 2016 sales and were 2015 . 693 November , up 1.2 % YTD from sales 685 in of 8,598 are
1,000
November running 0.7 of 2016 % ahead and of 1.8 last % lower year ' than s year-to-date the 706 sales sales last of month 8,535 .
November 2017 sales were at their highest level compared to
1,200
800
November of 2016 and 2015 . November YTD sales of 8,598 are
1,000
running 0.7 % ahead of last year ' s year-to-date sales of 8,535 .
800
600
400
600
200
400

Montgomery

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
200
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 $ 480,000 , up 11.6 %
Prices from $ 430,000 in November of 2016 and up 8.4 % from
The
$ 443,000 Median last Sales month Price . in The November Average was Sales $ 480,000 Price in , up November 11.6 % was
700 from
$ 598,987 $ 430,000 , up 10.9 in November % from $ of 540,213 2016 and in November up 8.4 % from of 2016 and up
D
J
F M A M J
J
A
Median S O N D Sales
J
F M Price A M J and
J
A SAverage O N D
J Sales
F M A Price M J
J
14
15
16
17
700
Median Sales Price and Average Sales Price
650
A S O N
3 Mo Avg
3 Mo Avg
$
8.1 443,000 % from last $ 554,117 month . last The month Average . November Sales Price 2017 in November ASP was was at the
650
$ highest 598,987 level , up 10.9 compared % from $ to 540,213 November in November of 2016 and of 2016 2015 and . up
600
8.1 % from $ 554,117 last month . November 2017 ASP was at the
600
550
highest level compared to November of 2016 and 2015 .
550
500
500 450
718 454
718 454 400 608 737 897 1,088 947 834 755 698 641 721 479 470 600 830 1,010 1,169 946 941 679 726 685 692 521 532 777 834 949 1,164 847 875 700 706 693
450
400
400
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 1,630 of Properties , down 21.2 available % from for 2,069 sale last of month and
3,500
November down 20.4 was % from 1,6302,048 , down in 21.2 November % from 2,069 of last last year month . November and
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
6.0
5.0
down 201720.4 Inventory % from was 2,048 at in its November lowest level of compared last year . November with November
3,0002,500
5.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with November
2,500 of 2016 and 2015 .
2,000
4.0
2,000
1,500
3.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
A comparatively lower MSI is more beneficial for sellers while a
2.0 higher MSI is better for buyers . The November 2017 MSI of 2.4
1,000 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 2.4
500 of
2016500
1.0 months and 2015 was
. at its lowest level compared with November of 2016
0 and 2015 .
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
4.0
3.0
2.0
1.0
0.0
2,000 1,884 2,002
2,266 400 608 737 897 1,088 947
2,644 2,923 3,007 2,918 2,737 2,897 2,809
2,000 1,884 2,002
2,266
834 755 698
2,644 2,923 3,007 2,918 2,737 2,897 2,809
2,352 1,919 1,813 1,832
Number of Properties Sold
641 721
2,352 1,919 1,813 479 470 600 830 1,010 1,169
2,213 2,559
1,832 2,541
2,213 2,609
2,517 2,361 2,511 2,336 946 941 679
2,559 2,541 2,609 2,517 2,361 2,511 2,336 726 685
2,048 1,660
2,048 1,660 1,555 1,575
1,914
692 521 532 777 834
2,154 2,272 2,348 2,270 2,123 2,285
2,069
1,555 1,575
1,914
3 Mo Avg
949 1,164
1,630 847 875 700
2,154 2,272 2,348 2,270 2,123 2,285
2,069
3 Mo Avg
706
1,630
693
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
28 | 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 .