MA ARCHIVED October 2016 | Page 14

Market Action Report October 2016
Community Information
Market Action Report October 2016

County : Cecil

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
$ 275,000
2 %
3 %
Average List Price of all Current Listings
$ 352,446
2 %
14 %
October Median Sales Price
$ 219,450
3 %
1 %
-3%
2 %
$ 215,000
-2%
0 %
October Average Sales Price
$ 243,677
7 %
3 %
5 %
2 %
$ 231,009
-3%
-3%
Total Properties Currently for Sale ( Inventory )
550
-8%
-27%
October Number of Properties Sold
98
1 %
1 %
976
15 %
October Average Days on Market ( Solds )
84
-2%
-5%
-6%
-18%
91
-14%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 138
11 %
0 %
5 %
4 %
$ 131
-2%
-2%
October Sold Price per Square Foot
$ 125
11 %
6 %
0 %
1 %
$ 119
-1%
-3%
October Month ' s Supply of Inventory
5.6
-9%
-3% -27% -37%
6.3
-30%
-30%
October Sale Price vs List Price Ratio
93.6 %
2.6 % 1.3 % 1.8 % 3.6 %
92.4 %
2 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
140
October Property sales were 98 , up 1.0 % from 97 in October of
2015 and 1.0 % higher than the 97 sales last month . October
120
Property
2016 sales Sales were at their highest level compared to October of
140
October
2015 and Property 2014 . sales October were YTD 98 , up sales 1.0 of % from 976 are 97 running October 14.8 of %
100
2015 ahead and of 1.0 last % year higher ' s year-to-date than the 97 sales sales last of month 850 . . October
2016 sales were at their highest level compared to October of
120
80
2015 and 2014 . October YTD sales of 976 are running 14.8 %
100
ahead of last year ' s year-to-date sales of 850 .
60
80
40
60
40
20
Number of Properties Sold
66 61 45 40 45 59 75 70 67 78 89 75 80 83 67 45 65 85 86 97 108 102 98 97 66 94 81 73 71 102 109 125 111 109 97 98
724

Cecil

66 61
724 678 678
767 683
708 814
847 767
827 814 826 847
839 827
678 678 683 708
Agent Name
45
Title Phone Website Other

Community Information

40 45 59 75 70 67 78 89
Number of Properties Sold
20
0
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
0
13
14
15
16
Prices
The Median Sales Price in October was $ 219,450 , down 2.9 %
Prices from $ 226,000 in October of 2015 and up 2.7 % from $ 213,600
The last Median month Sales . The Price Average in October Sales Price was $ in 219,450 October , down was 2.9 $ 243,677 % ,
350 from up 5.5 $ 226,000 % from $ in 230,977 October in of October 2015 and of up 2015 2.7 % and from up $ 7.1 213,600 % from last month . The Average Sales Price in October was $ 243,677 ,
330
$ 227,612 last month . October 2016 ASP was at the highest level up 5.5 % from $ 230,977 in October of 2015 and up 7.1 % from
310 compared to October of 2015 and 2014 .
$ 227,612 last month . October 2016 ASP was at the highest level
290 compared to October of 2015 and 2014 .
270
250
230
210
190
170
150
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
J
A S O
13
14
15
16
3 Mo Avg
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
150
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
13
J
F
14 M A M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M A
16 M J
J
A S O
13
14
15
16
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 550 , down of Properties 8.2 % from available 599 last for sale month as of and down
October
26.7 % from was 550 750 , down in October 8.2 % from of last 599 year last . month October and 2016 down Inventory
900
26.7 was % at from its lowest 750 in level October compared of last year with . October 2016 of 2015 Inventory and
2014800 .
900
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
18.0
16.0
14.0
was at its lowest level compared with October of 2015 and 2014 .
700
600
14.0
12.0
600
500
12.0
10.0
500
400
10.0
8.0
A comparatively lower MSI is more beneficial for sellers while
400 a
A comparatively lower MSI is more beneficial for sellers while a
300 higher MSI is better for buyers . The October 2016 MSI of 5.6 higher MSI is better for buyers . The October 2016 MSI of 5.6
200 months was at its lowest level compared with October of 2015 months was at its lowest level compared with October of 2015
100 and 2014 . and 2014 .
0
300
8.0
200
6.0
100
4.0
2.0
0
0.0
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 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
13
14
15
16
13
14
15
16
6.0
4.0
2.0
0.0
75 80 83 67 45 65 85 86 97 108 102
810 826
739 839
667 810
643 739
647
667 663 701
643
647 774
663 793
783 701
755 774
777 793
750 783
710 755
649 777
98 750
97 710
66 94 81 73 71 102
3 Mo Avg
109
586 571 595 649
619
586 615 571
606 595
622 619
616 615
599 606
550 622
125 616
111 599
3 Mo Avg
109
550 97 98
14 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con 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 .