MA ARCHIVED October 2016 | Page 36

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

County : Talbot

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
$ 499,990
1 %
3 %
Average List Price of all Current Listings
$ 1,002,790
5 %
6 %
October Median Sales Price
$ 341,000
14 %
8 %
-11%
14 %
$ 305,000
4 %
2 %
October Average Sales Price
$ 623,038
28 %
27 %
4 %
28 %
$ 465,949
-4%
-5%
Total Properties Currently for Sale ( Inventory )
433
-7%
-18%
October Number of Properties Sold
54
-4%
-8%
485
5 %
October Average Days on Market ( Solds )
149
25 %
10 %
25 %
1 %
139
0 %
-6%
Asking Price per Square Foot ( based on New Listings )
$ 229
19 %
6 %
10 %
8 %
$ 223
2 %
5 %
October Sold Price per Square Foot
$ 205
5 %
5 %
20 %
27 %
$ 185
14 %
15 %
October Month ' s Supply of Inventory
8.0
-4% -10% -10% -31%
9.8
-17%
-16%
October Sale Price vs List Price Ratio
89.9 %
3.2 %
. 4 %
. 4 %
2.6 %
88.9 %
1 %
1 %
* 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 54 , down 8.5 % from 59 in October
of 2015 and 3.6 % lower than the 56 sales last month . October Property 2016 sales Sales were at their lowest level compared to October of 70
October 2015 and Property 2014 . sales October were YTD 54 , down sales 8.5 of 485 % from are 59 running October 4.8 % of ahead 2015 and of last 3.6 year % lower ' s year-to-date than the 56 sales of last 463 month . . October 60 2016 sales were at their lowest level compared to October of 2015 and 2014 . October YTD sales of 485 are running 4.8 % 50 ahead of last year ' s year-to-date sales of 463 . 40 30 20
70 60 50 40 30 20 10

Talbot

39 34 33
Agent Name
Title Phone Website Other

Community Information

24 33 40
Number of Properties Sold
Number of Properties Sold
10
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
Prices
Median Sales Price and Average Sales Price
13
14
15
16
The Median Sales Price in October was $ 341,000 , down 10.7 %
800
Prices from $ 382,000 in October of 2015 and up 14.2 % from
Median Sales Price and Average Sales Price
The
$ 298,500 Median last Sales month Price . in The October Average was Sales $ 341,000 Price , down in October 10.7 % was
800
700 from
$ 623,038 $ 382,000 , up in 4.3 October % from of $ 597,505 2015 and in up October 14.2 % from of 2015 and up
J
A S O
3 Mo Avg
3 Mo Avg
$
28.4 298,500 % from last $ month 485,288 . The last Average month Sales . October Price in 2016 October ASP was at the
700
$ highest 623,038 level , up 4.3 compared % from $ to 597,505 October in October of 2015 and of 2015 2014 and . up
600
28.4 % from $ 485,288 last month . October 2016 ASP was at the
600
500
highest level compared to October of 2015 and 2014 .
500
400
37 47 43 47 49 55 49 38 38 26
3 Mo Avg
39 34 33 24 33 40 37 47 43 47 49 55 49 38 38 26 42 50 50 41 59 55 43 59 45 40 45 41 43 51 39 47 61 48 56 54
42 50 50 41 59 55 43 59 45 40 45 41 43 51 39 47 61
3 Mo Avg
48 56 54
400 300 200
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The October Total Inventory was 433 , down of Properties 7.5 % from available 468 last for sale month as of and down October 17.8 % from was 433 527 , down in October 7.5 % from of last 468 year last . October month and 2016 down Inventory 700 17.8 was % at from its lowest 527 in October level compared of last year with . October 2016 of 2015 Inventory and 2014600
. was at its lowest level compared with October of 2015 and 2014 .
500
400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2016 sellers MSI while of a 8.0 200
higher months MSI was is better at its lowest for buyers level . The compared October with 2016 October MSI of 8.0 of 2015 months was at its lowest level compared with October of 2015
100 and 2014 . and 2014 .
0
300
200
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
600
20.0
500
400
300
15.0
10.0
15.0
10.0
200
5.0
100
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
0.0
529
450 529
449 450
447
471 449
447 530
471 548
576 530
560 548 550 576
567 560 550 567
553 510
427 553
431 510
432 427 486 431 544
432 561
486 574
568 544
557 561
545 574
527 568
492 557
434 545
403 527
399 492 436
434 482 403
515
399 515 436 517 482
495 515
468 515
433
517
495 468 433
36 | 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 .