MA ARCHIVED October 2016 | Page 30

Market Action Report October 2016
Prince George Agent Name ’ s Title Phone Community Information Website Other
Market Action Report October 2016

County : Prince Georges

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
$ 330,000
3 %
20 %
Average List Price of all Current Listings
$ 365,163
5 %
19 %
October Median Sales Price
$ 285,000
2 %
0 %
14 %
14 %
$ 270,000
8 %
8 %
October Average Sales Price
$ 290,517
1 %
1 %
10 %
12 %
$ 276,914
7 %
7 %
Total Properties Currently for Sale ( Inventory )
1,507 -16%
-35%
October Number of Properties Sold
611 -12%
-3%
6,457
10 %
October Average Days on Market ( Solds )
50
2 %
6 %
-22% -17%
54
-10%
-10%
Asking Price per Square Foot ( based on New Listings )
$ 146
4 %
3 %
10 %
13 %
$ 138
7 %
7 %
October Sold Price per Square Foot
$ 136
1 %
0 %
6 %
9 %
$ 133
7 %
7 %
October Month ' s Supply of Inventory
2.5
-4%
-3% -32% -36%
3.0
-25%
-23%
October Sale Price vs List Price Ratio
98.8 %
. 3 %
. 1 %
1.1 % 1.5 %
98.2 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Prince George Agent Name ’ s Title Phone Community Information Website Other

Number of Properties Sold
Property Sales
900
October Property sales were 611 , down 3.5 % from 633 in
October of 2015 and 12.2 % lower than the 696 sales last month .
800
Number of Properties Sold
3 Mo Avg
Property
October 2016 Sales sales were at a mid level compared to October of
900
700
October
2015 and Property 2014 . sales October were YTD 611 , sales down of 3.56,457 % from are 633 running 9.9 %
October of 2015 and 12.2 % lower than the 696 sales last month .
800 ahead of last year ' s year-to-date sales of 5,877 .
600
October 2016 sales were at a mid level compared to October of
700
500
2015 and 2014 . October YTD sales of 6,457 are running 9.9 % ahead of last year ' s year-to-date sales of 5,877 .
600
400
500
300
400
200
300
100
200
0
100
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 $ 285,000 , up 14.0 %
Prices from $ 250,000 in October of 2015 and up 1.8 % from $ 280,000
The last Median month Sales . The Price Average in October Sales Price was $ in 285,000 October , up was 14.0 $ 290,517 % ,
300 from up 10.4 $ 250,000 % from in $ October 263,127 of in 2015 October and of up 2015 1.8 % and from up $ 280,000 0.7 % from last month . The Average Sales Price in October was $ 290,517 ,
290
$ 288,551 last month . October 2016 ASP was at the highest level up 10.4 % from $ 263,127 in October of 2015 and up 0.7 % from
280 compared to October of 2015 and 2014 .
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
300
Median Sales Price and Average Sales Price
J
A S O
3 Mo Avg
3 Mo Avg
$ 288,551 last month . October 2016 ASP was at the highest level
compared to October of 2015 and 2014 .
469 572 389 401 448 500
469 572 389 401 448 500 573 606 647 571 567 568 502 572 406 432 566 587 589 688 628 685 663 633 544 662 488 503 565 688 734 797 663 712 696 611
290 280 270 260 250 240 230 220 210 200
270
260
250
240
230
220
210
200
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 1,507 of , down Properties 15.9 % available from 1,792 for last sale month as of and down
3,000
October
34.5 % from was 1,507 2,301 , down in October 15.9 % from of last 1,792 year last . October month and 2016 down
3,000
2,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
6.0
5.0
34.5
Inventory % from was 2,301 at in its October lowest of level last compared year . October with 2016 October of 2015
2,500
Inventory and 2014 was . at its lowest level compared with October of 2015
2,000 and 2014 .
2,000
1,500
5.0
4.0
4.0
3.0
1,500
3.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
2.0 higher MSI is better for buyers . The October 2016 MSI of 2.5 higher months MSI was is better at its lowest for buyers level . The compared October with 2016 October MSI of 2.5
500 of 2015
500
1.0 months and 2014 was
. at its lowest level compared with October of 2015
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
2.0
1.0
0.0
573 606 647
2,376 2,257 2,158 2,148 2,150 2,266 2,352 2,422 2,424 571 567 568
2,376 2,257 2,158 2,148 2,150 2,266 2,352 2,422 2,424 2,409 2,457 2,379 2,279 2,201 2,150 2,091 2,081 2,205 2,269 2,344 2,361 2,380 2,373 2,301 2,205 2,023 1,962 1,917 1,901
502 572 406 432 566 587 589 688 628 685 663
2,409 2,457 2,379 2,279 2,201 2,150 2,091 2,081 2,205 2,269 2,344 2,361 2,380 2,373 2,301 633 544 662 488 503 565 688 734
1,931 1,923 1,953 1,905 1,850 1,792
1,507 797 663
2,205 2,023 1,962 1,917 1,901 1,931 1,923 1,953 1,905 1,850
3 Mo Avg
712 696
1,792 1,507
611
30 | 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 .