MA ARCHIVED October 2016 | Page 18

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

County : Dorchester

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
$ 198,000
1 %
5 %
Average List Price of all Current Listings
$ 361,722
4 %
19 %
October Median Sales Price
$ 146,500
-16% -11% 47 %
13 %
$ 145,250
12 %
12 %
October Average Sales Price
$ 176,034
-18% -18%
8 %
2 %
$ 185,107
7 %
7 %
Total Properties Currently for Sale ( Inventory )
313
-9%
-7%
October Number of Properties Sold
42 -16%
5 %
346
7 %
October Average Days on Market ( Solds )
72 -37% -27% -37% -46%
112
-15%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 93
-63% -39% -18% -21%
$ 131
8 %
12 %
October Sold Price per Square Foot
$ 100
-12% -10%
2 %
9 %
$ 98
8 %
8 %
October Month ' s Supply of Inventory
7.5
9 %
-13% -12% -36%
10.1
-15%
-13%
October Sale Price vs List Price Ratio
87.9 %
2.3 % -1.2% 8.0 % 2.6 %
88.7 %
5 %
4 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales October Property sales were 42 , up 5.0 % from 40 in October of
2015 and 16.0 % lower than the 50 sales last month . October Property 2016 sales Sales were at their highest level compared to October of 60
October 2015 and Property 2014 . sales October were YTD 42 , up sales 5.0 of % 346 from are 40 running October 6.8 of % 2015 ahead and of 16.0 last % year lower ' s year-to-date than the 50 sales last of 324 month . . October
50
2016 sales were at their highest level compared to October of 2015 and 2014 . October YTD sales of 346 are running 6.8 %
40 ahead of last year ' s year-to-date sales of 324 .

Dorchester

Agent Name
Title Phone Website Other

Community Information

30
60
50
40
30
20
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in October was $ 146,500 , up 46.6 %
Prices from $ 99,950 in October of 2015 and down 16.0 % from The $ 174,500 Median last Sales month Price . in The October Average was Sales $ 146,500 Price , up in October 46.6 % was
300 from $ 176,034 $ 99,950 , up in 7.9 October % from of $ 2015 163,115 and in down October 16.0 of % from 2015 and down $ 17.9 174,500 % from last $ month 214,495 . The last Average month Sales . October Price 2016 in October ASP was at the $ 176,034 , up 7.9 % from $ 163,115 in October of 2015 and down 250 highest level compared to October of 2015 and 2014 . 17.9 % from $ 214,495 last month . October 2016 ASP was at the
highest level compared to October of 2015 and 2014 .
200
20
10
0
10
24 21 22 10 18 27 23 32 30 27 29 28 26 40 15 23
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
13
14
15
16
N
D
J
F M A M J
13
14
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
15
16
J
A S O
3 Mo Avg
300
Median Sales Price and Average Sales Price
24 21 22 10 18 27 23 32 30 27 29 28 26 40 15 23 37 39 32 35 39 29 35 40 28 39 27 33 25 20 35 36 48 30 50 42
250
200
150
37 39 32 35 39 29 35 40 28 39 27 33 25 20 35 36
3 Mo Avg
48 30 50 42
150 100
100
50
50
N
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
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
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 313 , down of Properties 8.7 % from available 343 last for month sale as of and down
October
7.4 % from was 338 313 , in down October 8.7 % from of last 343 year last . October month and 2016 down Inventory
450
7.4 was % from at its 338 lowest in October level compared of last year with . October 2016 of 2015 Inventory and
2014400 . was at its lowest level compared with October of 2015 and 2014 .
350
300
450
400
350
300
250
Total Inventory & Month ' s Supply of Inventory ( MSI )
35.0
30.0
25.0
35.0
30.0
25.0
20.0
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The October 2016 MSI of 7.5 higher MSI is better for buyers . The October 2016 MSI of 7.5
100 months was at its lowest level compared with October of 2015 months was at its lowest level compared with October of 2015
50 and 2014 . and 2014 .
0
200
20.0
150
15.0
100
10.0
50
5.0
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
15.0
10.0
5.0
0.0
350 337
350
338 337
333
359 338
333 382
383 359
384 382
378 383 362 384
360
378 362
352 348
360 340
352 336
348 329
340
338 349
336
360 329
375 338
391 349
377 360
371 375
338 391
340 377
315 371
304 338
299 340 318
315 324 304 343 299 338 318
332 324
343 343
343 338
313
332
343 343
313
18 | 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 .