MA ARCHIVED November 2017 | Page 30

Market Action Report
County: Prince Georges
November 2017
Prince George’s
Agent Name
Title
Phone
Agent
Name
Website
Title Other
Market Action Report
November 2017
Community Information
County: Prince Georges
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
$335,500
2%
12%
Other
$377,975 Trending
3% versus*:
14%
Trending versus*:
Month
LM -2%
L3M 0%
PYM 9%
LY
Prior YTD 9%
Prior Year 8%
$299,900
9% YTD
$296,000
$335,500
2% -1% 0%
12% 7% 10%
$307,156
$302,089
9%
8%
$377,975 1,503
3% -12% 14% -21%
$299,900 605
-2% -9%
0% 9% 5%
9%
$296,000 7,410
9%
5% 8%
$307,156 -1%
0%
7%
10%
$302,089
9%
45 2% 5% -6% -17%
47 -13% 8% -13%
1,503 -12%
-21%
$156 5% 4% 15% 13%
$150
9%
9%
605 -9%
5%
7,410
5%
$144 -0% 0% 6% 8%
$144
8%
7%
45 2% 5% -6% -17%
47 -13%
-13%
2.5 -2% -3% -25% -21%
2.6 -19%
-18%
$156 5% 4% 15% 13%
$150
9%
9%
97.1% -1.8% -1.0% -1.8% -1.3%
98.4%
0%
0%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
November
Median
Sales Price
Median
List Price
of all
Current
November
Average
Sales
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
November
Sales
Price
November Median
Number
of Properties
Sold
November Average Sales Price
November Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
November Number of Properties Sold
November Sold Price per Square Foot
November Average Days on Market (Solds)
November Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
November Sale Price vs List Price Ratio
November Sold Price per Square Foot
$144 -0% 0% 6% 8%
$144
8%
7%
2.5 -2% -3% -25% -21%
2.6 -19%
-18%
Number of 98.4%
Properties
97.1% -1.8% -1.0% -1.8% -1.3%
0% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
November Month's Supply of Inventory
November Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
900
November Property sales were 605, up 5.4% from 574 in
November of 2016 and 9.4% lower than the 668 sales last
Property
Sales 2017 sales were at their highest level
month. November
900
November
sales were
605, and
up 5.4%
574 in YTD sales
compared Property
to November
of 2016
2015. from
November
800
November
of 2016
and 5.0%
9.4% lower
the year's
668 sales
last
of 7,410 are
running
ahead than
of last
year-to-date
sales
month.
November
2017
sales
were
at
their
highest
level
700
of 7,059.
Number of Properties Sold
800
600
500
600 400
565
503
664
D J F M A M J J A S Median
O N D J Sales
F M A Price
M J J and
A S Average
O N D J Sales
F M A Price
M J J A S O N
3 Mo Avg
14 15
16
17
Prices
The Median Sales Price in November was $299,900, up 9.1%
from $275,000 in November of 2016 and down 1.7% from
Prices
The
Median last
Sales month.
Price in The
November
$299,900,
9.1%
$305,000
Average was
Sales
Price in up
November
was
from
$275,000
in November
of 2016 in
and
down 1.7% of from
$307,156,
up 6.7%
from $287,894
November
2016 and 340
$305,000
last from
month.
The Average
Sales Price
in November
was
down 0.8%
$309,662
last month.
November
2017 ASP
$307,156,
up highest
6.7% from
in to
November
of 2016
and and 320
was at the
level $287,894
compared
November
of 2016
down
300
2015. 0.8% from $309,662 last month. November 2017 ASP
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
100
500 300
400 200
300 100
200
was at the highest level compared to November of 2016 and
2015.
3 Mo Avg
700
compared to November of 2016 and 2015. November YTD sales
of 7,410 are running 5.0% ahead of last year's year-to-date sales
of 7,059.
3 Mo Avg
340
Median Sales Price and Average Sales Price
3 Mo Avg
320
300
280
280 260
260 240
240 220
220 200
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
14
15
16
17
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
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
3,000
Total Inventory & Month's Supply of Inventory (MSI)
1,500
1,500
A comparatively lower MSI is more beneficial for sellers while a
17
6.0
6.0
November
was 1,503,
down 11.6%
from 1,701
last
and
The
Total Inventory
of Properties
available
for sale
as month
of
3,000
down 21.5%
1,914
in 11.6%
November
of last
year.
November
November
was from
1,503,
down
from 1,701
last
month
and
2,500
2017 21.5%
Inventory
lowest level
compared
with November
down
from was
1,914 at in its
November
of last
year. November
2,500
2,000
2017
Inventory
was at its lowest level compared with November
of 2016
and 2015.
2,000
of 2016 and 2015.
16
Total Inventory & Month's Supply of Inventory (MSI)
1,000
5.0
4.0
200
1,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
November
2017 while
MSI a of 2.5
500
higher
MSI
is better
for buyers.
November
MSI of 2.5
months
was
at its lowest
level The
compared
with 2017
November
of 2016 500
months
was
at
its
lowest
le vel
compared
with
November
of
2016
0
and 2015.
0
and 2015.
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
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
3.0
2.0
1.0
0.0
S O N
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
30 | c
.
Data
provided
courtesy
of Coastal
Association REALTORS
of REALTORS
of MD, Metropolitan
Inc., Metropolitan Regional
Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
Data
is is
provided
courtesy
o l of d Coastal
w e Association
l l b a of n
k e r of h MD,
o Inc.,
m e s c o Regional
m Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
5.0
4.0
3.0
2.0
1.0
0.0