MA ARCHIVED October 2016 | Page 34

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

County : Somerset

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
$ 149,900
1 %
7 %
Average List Price of all Current Listings
$ 202,548
-0%
-2%
October Median Sales Price
$ 125,000
37 %
23 %
-2%
74 %
$ 89,950
29 %
25 %
October Average Sales Price
$ 147,278
15 %
8 %
3 %
40 %
$ 121,280
12 %
15 %
Total Properties Currently for Sale ( Inventory )
195 -10%
-22%
October Number of Properties Sold
13 -46%
-19%
184
9 %
October Average Days on Market ( Solds )
173
40 %
18 %
-1%
22 %
141
-4%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 91
7 %
3 %
30 %
10 %
$ 90
10 %
8 %
October Sold Price per Square Foot
$ 72
-1%
-5%
-7%
19 %
$ 66
8 %
8 %
October Month ' s Supply of Inventory
15.0
66 %
11 %
-4%
-9%
12.3
-29%
-25%
October Sale Price vs List Price Ratio
84.1 % -6.2% -5.3% 5.9 % 1.9 %
86.5 %
5 %
5 %
* 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 13 , down 18.8 % from 16 in October
of 2015 and 45.8 % lower than the 24 sales last month . October Property 2016 sales Sales were at their lowest level compared to October of 30
October 2015 and Property 2014 . sales October were YTD 13 , down sales 18.8 of 184 % from are running 16 October 8.9 % of ahead 2015 and of last 45.8 year % lower ' s year-to-date than the 24 sales sales of last 169 month . . October
25
2016 sales were at their lowest level compared to October of 2015 and 2014 . October YTD sales of 184 are running 8.9 %
20 ahead of last year ' s year-to-date sales of 169 .

Somerset

Agent Name
Title Phone Website Other

Community Information

15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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
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
Prices
Median Sales Price and Average Sales Price
13
14
15
16
3 Mo Avg
The Median Sales Price in October was $ 125,000 , down 2.0 %
200
Prices from $ 127,500 in October of 2015 and up 37.4 % from $ 91,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in October Sales Price was $ in 125,000 October , down was 2.0 $ 147,278 % ,
180
200 from up 2.7 $ 127,500 % from in $ 143,448 October of in 2015 October and of up 2015 37.4 and % from up 15.2 $ 91,000 % from
160 last month . The Average Sales Price in October was $ 147,278 ,
180
$ 127,899 last month . October 2016 ASP was at the highest level
140 up 2.7 % from $ 143,448 in October of 2015 and up 15.2 % from
160 compared to October of 2015 and 2014 .
120
$ 127,899 last month . October 2016 ASP was at the highest level
140
100 compared to October of 2015 and 2014 .
120
80
100
60
80
40
60
20
40
20
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
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 195 , down of Properties 10.1 % from available 217 last for sale month as of and down
October
21.7 % from was 195 249 , down in October 10.1 % from of last 217 year last . October month and 2016 down Inventory
350
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
35.0
35.0
30.0
21.7 was % at from its lowest 249 in October level compared of last year with . October 2016 of 2015 Inventory and
2014300 . was at its lowest level compared with October of 2015 and 2014 .
250
250
200
30.0
25.0
25.0
20.0
200
150
20.0
15.0
A comparatively lower MSI is more beneficial for sellers while
150 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2016 sellers MSI while of a
15.0100 higher months MSI was is better at its lowest for buyers level . The compared October with 2016 October MSI of 15.0 of 2015 months was at its lowest level compared with October of 2015
50 and 2014 . and 2014 .
0
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
10.0
5.0
0.0
270 257
18 270 245
10
18 10 8
257
231 8 10
256 245
231 280 20 15 13 303
256 303
306 280 296
18 306 287
14 296
280 24 287
275
262 15 17 20
10 20 15 13 18 14 24 15 17 20 14 9
14 9 10 23 16 22
10 23 16 22 22 9
22 9
23 19 16 17 21 13 18 22 24 19 16 21 14 24 13
280 247
275 241
262 237
247
230 247
241
259 237
230 275
247 285
292 259
264 275
249 285
236 292
209 264
197 249
205 236 210
209 217 197 225 205 231 210 227 217 233
225 217
231 195
227
23 19 16 17 21 13 18 22 24 19 16
233 21
217 14
195 24 13
34 | 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 .