Market Action Report September 2016
Community Information
Market Action Report September 2016
County : Cecil
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 |
$ 269,900 |
2 % |
|
4 % |
|
|
|
|
Average List Price of all Current Listings |
$ 347,828 |
1 % |
|
13 % |
|
|
|
|
September Median Sales Price |
$ 213,600 |
-4% |
-2% |
-0% |
-1% |
$ 214,000 |
0 % |
-1% |
September Average Sales Price |
$ 227,612 |
-4% |
-3% |
7 % |
-4% |
$ 229,594 |
-4% |
-3% |
Total Properties Currently for Sale ( Inventory ) |
594 |
-3% |
|
-24% |
|
|
|
|
September Number of Properties Sold |
97 -11% |
|
-1% |
|
878 |
17 % |
|
September Average Days on Market ( Solds ) |
86 -16% |
1 % |
8 % |
-17% |
91 |
-16% |
-12% |
Asking Price per Square Foot ( based on New Listings ) |
$ 126 |
-24% |
-7% |
3 % |
-5% |
$ 130 |
-3% |
-2% |
September Sold Price per Square Foot |
$ 112 |
-10% |
-3% |
-4% |
-9% |
$ 118 |
-2% |
-4% |
September Month ' s Supply of Inventory |
6.1 |
9 % |
6 % |
-23% -32% |
6.4 |
-30% |
-29% |
September Sale Price vs List Price Ratio |
91.2 % |
. 4 % -1.7% |
. 7 % |
. 9 % |
92.3 % |
2 % |
2 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
140 September Property sales were 97 , down 1.0 % from 98 in September of 2015 and 11.0 % lower than the 109 sales last 120 Property month . September Sales 2016 sales were at a mid level compared to 140 September Property sales were 97 , down 1.0 % from 98 in September of 2015 and 2014 . September YTD sales of 878 are 100 September of 2015 and 11.0 % lower than the 109 sales last 120 running 16.6 % ahead of last year ' s year-to-date sales of 753 . month . September 2016 sales were at a mid level compared to 80 September of 2015 and 2014 . September YTD sales of 878 are 100 running 16.6 % ahead of last year ' s year-to-date sales of 753 .
60 80
Prices The Median Sales Price in September was $ 213,600 , down 0.2 %
Prices from $ 214,000 in September of 2015 and down 4.2 % from The $ 223,000 Median last Sales month Price . in The September Average was Sales $ 213,600 Price in , down September 0.2 %
350 from was $ 214,000 227,612 , in up September 7.4 % from of $ 2015 211,914 and in down September 4.2 % from of 2015 and 330 $ down 223,000
4.4 last % from month $ 238,018
. The Average last month
Sales
. Price September in September 2016 ASP was $ 227,612 , up 7.4 % from $ 211,914 in September of 2015 and
310 was at a mid range compared to September of 2015 and 2014 . down 4.4 % from $ 238,018 last month . September 2016 ASP 290
was at a mid range compared to September of 2015 and 2014 . 270 250
230 210 190 170 150
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The September Total Inventory was 594 of , down Properties 3.1 % available from 613 for last sale month as of and down
900
September was 594 , down 3.1 % from 613 last month and down
900
23.6 % from 777 in September of last year . September 2016 800 23.6 % from 777 in September of last year . September 2016 800
Inventory was at its lowest level compared with September of 700 Inventory was at its lowest level compared with September of 700 2015 and 2014 .
600
2015 and 2014 .
600 500 500
400
400 A comparatively lower MSI is more beneficial for sellers while a 300 A comparatively lower MSI is more beneficial for sellers while a 300 higher MSI is better for buyers . The September 2016 MSI of 6.1 200 higher MSI is better for buyers . The September 2016 MSI of 6.1 200 months was at its lowest level compared with September of 2015 100 months was at its lowest level compared with September of 2015 100 and 2014 .
0 and 2014 . 0
60 40 20 0
40 20
Number of Properties Sold
0 |
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 M J |
J |
A S |
13 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
|
N D
J
F M A M J
14
|
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
Median Sales
15 Price and Average Sales
16 Price
|
J |
A S |
3 Mo Avg |
Median Sales Price and Average Sales Price |
71 66 61 45 40 45 59 75 70 67 78 89 75 80 83 67 45 65 85 86 97 108 102 98 97 66 94 81 73 71 102 109 125 111 109 97
O 13
350 330 310 290 270 250 230 210 190 170 150
O 13
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 M J |
J |
A S |
|
N
13 D
|
J 14 |
F
14 M A M J
|
J |
A S O N D |
J 15 |
F M15A M J |
J |
A S O N D |
J 16 |
F M A16M J |
J |
A S |
713
724
O 13
Cecil
71 66
678 678 683
Agent Name
61
Title Phone Website Other
Community Information
713 724 678
45 40
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
708 678
683 767
45
708 814 847
59
767 75
814
827 826
70
847 827
67
826
839 810
78 739
839
Number of Properties Sold
89 810
75
667 643
739 80 667
647 663
83
701 643
647 774 663
793
701 783 755 777 750 710
650 587 572 596 620 616
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
F M A M J J A S
607 623 613 594
N
O D
N J
D F M
J
A
F M
J
A
J
M
A
J S
J O
A N
S D
O J
N F
D M
J A
F M
M J
A J
M A S
J
O
J
N
A
D
S
J
O
F
N
M
D A
J M J J A S
13 14 14
15 15
16 16
67 45 65 85 774
86 793
97 783
108 755
102 777
98 750
97 710
66 650
94
587 81
572 596
73 620
71
3 Mo Avg
102 109
3 Mo Avg
616 607 623
125 613
3 Mo Avg
111
594 109 97
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
14 | c o l d w e l l b a n k e r h o m e s . c o m
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 .