MA ARCHIVED October 2016 | Page 40

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

County : Worcester

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
$ 286,500
2 %
6 %
Average List Price of all Current Listings
$ 354,560
2 %
1 %
October Median Sales Price
$ 235,000
2 %
0 %
7 %
6 %
$ 229,500
4 %
3 %
October Average Sales Price
$ 262,068
-1%
-2%
5 %
1 %
$ 267,810
5 %
4 %
Total Properties Currently for Sale ( Inventory )
1,303
-1%
-13%
October Number of Properties Sold
180
-2%
5 %
1,588
9 %
October Average Days on Market ( Solds )
138
13 %
5 %
17 %
-5%
145
-1%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 238
9 %
5 %
8 %
11 %
$ 223
3 %
4 %
October Sold Price per Square Foot
$ 194
-3%
-2%
3 %
0 %
$ 196
1 %
1 %
October Month ' s Supply of Inventory
7.2
1 %
-10% -17% -33%
9.2
-16%
-15%
October Sale Price vs List Price Ratio
94.1 %
2.2 % 1.1 % 2.6 % 3.4 %
92.2 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
250
October Property sales were 180 , up 4.7 % from 172 in October
of 2015 and 1.6 % lower than the 183 sales last month . October
Property
2016 sales Sales were at their highest level compared to October of
250
200
October
2015 and Property 2014 . sales October were YTD 180 , sales up 4.7 of % 1,588 from are 172 running October 9.1 %
of ahead 2015 and of last 1.6 year % lower ' s year-to-date than the 183 sales sales of last 1,455 month . . October
2016 sales were at their highest level compared to October of
200
150
2015 and 2014 . October YTD sales of 1,588 are running 9.1 %
ahead of last year ' s year-to-date sales of 1,455 .
150
100

Worcester

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
Prices
The Median Sales Price in October was $ 235,000 , up 6.8 % from
Prices
$ 220,000 in October of 2015 and up 2.2 % from $ 230,000 last
290
The month Median . The Sales Average Price Sales in October Price was in October $ 235,000 was , up $ 262,068 6.8 % from , up
$
5.3 220,000 % from in $ October 248,767 of in 2015 October and up of 2015 2.2 % from and down $ 230,000 1.4 % last from
290
270
month
$ 265,754 . The last Average month Sales . October Price in 2016 October ASP was $ at 262,068 the highest , up level
5.3 % from $ 248,767 in October of 2015 and down 1.4 % from
270 compared to October of 2015 and 2014 .
$ 265,754 last month . October 2016 ASP was at the highest level
250
250
230
compared to October of 2015 and 2014 .
230
210
50
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
13
14
15
16
J
F M A M J
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
Median Sales Price and Average Sales Price
122 101 69 69 119 128 168 154 112 147 148 157 135 120 107 104 128 153 189 164 147 142 149 172 118 152 110 96 114 190 201 200 174 140 183 180
N D 13
210 190
190 170
122 101 69
170
150
150
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 1,303 of , down Properties 1.1 % from available 1,317 for last sale month as of and down
2,000
October
13.2 % from was 1,303 1,502 , down in October 1.1 % from of last 1,317 year last . October month and 2016 down
2,000
13.2
Inventory % from 1,502 was at in its October lowest of level last compared year . October with 2016 October of 2015
1,500
Inventory and 2014 was . at its lowest level compared with October of 2015
1,500 and 2014 .
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
25.0
20.0
15.0
1,000
10.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2016 sellers MSI while of a 7.2 higher MSI is better for buyers . The October 2016 MSI of 7.2
500 months was at its lowest level compared with October of 2015 months and 2014 was
. at its lowest level compared with October of 2015 and 2014 .
0
10.0
500
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
5.0
0.0
1,489 1,411 1,446
1,489 1,411 1,446 1,516 1,593 69 119
1,516
1,593 128 168 154 112 147 148 157 135
1,673 1,699 1,721 1,712 1,720 1,684 1,653 1,586
1,673 1,699 1,721 1,712 1,720 1,684 1,653 1,586 1,456 1,445 1,488 120 107 104 128 153 189 164 147 142 149 172
1,456 1,445 1,488 1,527 1,595 1,609 1,596 1,590 1,560 1,515 1,502 1,394
1,527 1,595 1,609 1,596 1,590 1,560 1,515 1,502 1,394 1,312 1,288 1,374 1,437 118 152 110 96 114 190 201
1,441 1,412 1,382 1,364 1,347 1,317 1,303
200
3 Mo Avg
1,312 1,288 1,374 1,437 1,441 1,412 1,382 1,364 1,347 174 140
1,317
1,303 183 180
40 | 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 .