MA ARCHIVED October 2017 | Page 8

Market Action Report October 2017
Market Action Report October 2017

BALTIMORE County : Baltimore City CITY

Community Information
Price Range : $ 1,000,000 and Up | 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
$ 1,525,000
-5%
-29%
Average List Price of all Current Listings
$ 2,098,622
-11%
-38%
October Median Sales Price
$ 3,400,000
24 % 119 % 140 % 119 %
$ 1,725,000
9 %
11 %
October Average Sales Price
$ 2,850,000
9 %
37 %
90 %
75 %
$ 1,996,932
20 %
23 %
Total Properties Currently for Sale ( Inventory )
37
-5%
48 %
October Number of Properties Sold
3 -25%
-50%
22
0 %
October Average Days on Market ( Solds )
7 -83% -75% -65% -90%
80
14 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 514
45 % -23% 19 %
4 %
$ 559
14 %
14 %
October Sold Price per Square Foot
$ 753
-20%
4 %
81 % 104 %
$ 614
61 %
66 %
October Month ' s Supply of Inventory
12.3
26 % -30% 196 % -17%
18.0
27 %
21 %
October Sale Price vs List Price Ratio
92.9 %
4.0 % 2.4 %
. 2 %
1.2 %
91.8 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
October Property sales were 3 , down 50.0 % from 6 in October of Property 2016 and 25.0 Sales % lower than the 4 sales last month . October
7 October 2017 sales Property were sales at a mid were level 3 , down compared 50.0 % to from October 6 in October of 2016 of and
2016 2015 and . October 25.0 % lower YTD sales than the of 22 4 sales are running last month equal . October
last year ' s 6 2017 year-to-date sales were sales at a mid of 22 level . compared to October of 2016 and 2015 . October YTD sales of 22 are running equal to last year ' s 5 year-to-date sales of 22 .
4
7 6 5 4 3
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
3 2
2 1
1
0
0
N
N
D
J
F M A M J
15
F M A M J
J
A
D
14
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
16
17
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
A
S O
14
15
Prices
The Median Sales Price in October was $ 3,400,000 , up 140.3 %
The from Median $ 1,415,000 Sales Price in October in October of 2016 was $ and 3,400,000 up 24.2 , up % from 140.3 % from
$ 2,737,500 $ 1,415,000 last in month October . The of 2016 Average and Sales up 24.2 Price % from in October was
3,000
$
$ 2,737,500 2,850,000 last , up month 89.9 .% The from Average $ 1,500,893 Sales Price in October in October of 2016 was and
3,000
$ up 2,850,000 8.8 % from , up $ 89.9 2,618,750 % from $ last 1,500,893 month . in October 2017 of 2016 ASP and was at up the 8.8 highest % from level $ 2,618,750 compared last to month October . October of 2016 2017 and ASP 2015 was .
2,500 at the highest level compared to October of 2016 and 2015 .
2,500
Median Sales
16 Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
2,000
2,000
Inventory & MSI The Total Inventory of Properties available for sale as of October was 37 , down 5.1 % from 39 last month and up 48.0 % from 25 in October of last year . October 2017 Inventory was at its highest level compared with October of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The October 2017 MSI of 12.3 months was at its highest level compared with October of 2016 and 2015 .
1,500 1,500
1,000 1,000
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 14 J F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M A17M J J A S O 14 15
16 17
45 40 35 30 25 20 15 10 5 0
45 40 35 30 25 20 15 10 5
13 13
13 14
12 13 14
0 N 14
3 1 2 0
16 16
2
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
12 18 16 3 2 6
21 21
21 21
16 18
0 21
16 19
2 21
0
28 29
16 2 19
1 2
33 33 33
28 29
0 37
33 33
2
32 33
0 37
29 27
24
23 29
25 27 24 23 25
24 24 23
30
21 20
36
34
30 30 31
39
37
40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
D NJ
DF MJ AF M JA MJ AJ SJ OA NS DO J NF DM JA FM MJ AJ MA JS OJ NA DS OJ
FN MD AJ MF JM JAAMS JO
J A S O
14 15 15
16 16
17 17
1
32 2 2 5 0 4 6 1 21
2 20
0 24
3 23
2 1
36 34
1 30
2 31
5
3 1 2 0 2 3 2 6 0 2 0 2 1 2 0 2 0 1 2 2 5 0 4 6 1 2 0 3 2 1 1 2 5 1 4 3
39 1
37 4 3
40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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