MA ARCHIVED October 2016 | Page 24

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

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
$ 580,000
1 %
2 %
Average List Price of all Current Listings
$ 654,270
1 %
4 %
October Median Sales Price
$ 463,333
8 %
0 %
3 %
2 %
$ 457,500
-1%
0 %
October Average Sales Price
$ 504,325
8 %
2 %
4 %
4 %
$ 488,824
0 %
1 %
Total Properties Currently for Sale ( Inventory )
831 -11%
-16%
October Number of Properties Sold
245
7 %
10 %
2,489
9 %
October Average Days on Market ( Solds )
44 -15% -2% -23% -20%
50
-7%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 193
1 %
2 %
3 %
4 %
$ 189
2 %
2 %
October Sold Price per Square Foot
$ 177
-0%
-2%
4 %
0 %
$ 181
2 %
2 %
October Month ' s Supply of Inventory
3.4 -17% -4% -23% -25%
3.9
-16%
-15%
October Sale Price vs List Price Ratio
96.6 %
. 2 %
-. 3 % 1.4 %
. 6 %
96.7 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Howard

Agent Name
Property Sales
400
October Property sales were 245 , up 9.9 % from 223 in October of 2015 and 7.0 % higher than the 229 sales last month . October
350
Number of Properties Sold
3 Mo Avg
Property
2016 sales Sales were at their highest level compared to October of
400
October
2015 and Property 2014 . sales October were YTD 245 , sales up 9.9 of % 2,489 from 223 are running October 8.8 % of 2015 and 7.0 % higher than the 229 sales last month . October
350 ahead of last year ' s year-to-date sales of 2,288 .
2016 sales were at their highest level compared to October of
300
2015 and 2014 . October YTD sales of 2,489 are running 8.8 %
300
250
200
ahead of last year ' s year-to-date sales of 2,288 .
250
150
200
100
150
50
100
0
50
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 $ 463,333 , up 3.0 % from
Prices
$ 450,000 in October of 2015 and up 8.3 % from $ 428,000 last
The month Median . The Sales Average Price Sales in October Price was in October $ 463,333 was , up $ 3.0 504,325 % from , up
600
$
3.9 450,000 % from in $ October 485,554 of in 2015 October and up of 8.3 2015 % from and up $ 428,000 8.4 % from last
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
13
14
15
16
600
Median Sales Price and Average Sales Price
550
J
A S O
3 Mo Avg
3 Mo Avg
month
$ 465,351 . The last Average month Sales . October Price in 2016 October ASP was $ at 504,325 the highest , up level
3.9 % from $ 485,554 in October of 2015 and up 8.4 % from
550 compared to October of 2015 and 2014 .
500
$ 465,351 last month . October 2016 ASP was at the highest level
compared to October of 2015 and 2014 .
500
450
450
400
150 163 106
150 163 106 110 151 183 246 265 233 244 193 203 167 179 108 133 179 207 275 347 320 282 214 223 175 243 122 169 186 238 308 370 306 316 229 245
400 350
350 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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 831 , down of Properties 11.4 % from available 938 last for sale month as of and down 1,200 October 15.6 % from was 831 985 , down in October 11.4 % from of last 938 year last . October month and 2016 down Inventory 1,200
8.0
1,000 15.6 was % at from its lowest 985 in level October compared of last year with . October 2016 of 2015 Inventory and 20141,000
. 7.0 was at its lowest level compared with October of 2015 and 2014 . 800 6.0
800 600
5.0
600 4.0
A comparatively lower MSI is more beneficial for sellers while a 400
3.0 A comparatively lower MSI is more beneficial for sellers while a 400 higher MSI is better for buyers . The October 2016 MSI of 3.4 higher MSI is better for buyers . The October 2016 MSI of 3.4 200
2.0 months was at its lowest level compared with October of 2015 200 months was at its lowest level compared with October of 2015
1.0 and 2014 .
0 and 2014 .
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
799 718 668 695 749
Title Phone Website Other

Community Information

799 718 668 110 151 183
872 1,009
1,090
695 749
872 246 265 233
1,009 1,090 1,093
244
1,093 1,082 1,042 1,054 936
193
Number of Properties Sold
203 167
1,082 1,042 1,054 936
179
848 786 813 846
108
848 786
133 179 207 275 347
966 1,073 1,075 1,081 1,060 1,001 985
813 846
320
906 282 214
966 1,073 1,075 1,081 1,060 1,001 985
223 906
175
783 762 743
832
243 122 169
941 958 997
783 762 743
832 186 238
994 974 938
308
831 370 306
941 958 997 994 974
3 Mo Avg
316 938
229
831 245
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
24 | 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 .