MA ARCHIVED September 2016 | Page 20

Market Action Report September 2016
Community Information
Market Action Report September 2016

County : Frederick

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
$ 373,900
1 %
8 %
Average List Price of all Current Listings
$ 409,412
1 %
9 %
September Median Sales Price
$ 299,900
0 %
-4%
3 %
5 %
$ 297,250
3 %
4 %
September Average Sales Price
$ 313,823
-3%
-4%
-2%
2 %
$ 317,032
3 %
3 %
Total Properties Currently for Sale ( Inventory )
1,406
-2%
-17%
September Number of Properties Sold
351 -12%
3 %
3,024
6 %
September Average Days on Market ( Solds )
62
7 %
9 %
0 %
-9%
66
0 %
-3%
Asking Price per Square Foot ( based on New Listings )
$ 141
-1%
-1%
5 %
3 %
$ 141
3 %
3 %
September Sold Price per Square Foot
$ 137
-2%
1 %
4 %
5 %
$ 134
5 %
3 %
September Month ' s Supply of Inventory
4.0
12 %
5 %
-20% -22%
4.3
-15%
-15%
September Sale Price vs List Price Ratio
95.9 %
-. 3 %
-. 5 % 1.3 % 1.0 %
95.8 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
600 September Property sales were 351 , up 3.2 % from 340 in September of 2015 and 12.0 % lower than the 399 sales last Property Sales
500 month . September 2016 sales were at their highest level 600 September Property sales were 351 , up 3.2 % from 340 in compared to September of 2015 and 2014 . September YTD September of 2015 and 12.0 % lower than the 399 sales last
400 sales of 3,024 are running 5.7 % ahead of last year ' s year-to-date 500 month . September 2016 sales were at their highest level sales of 2,860 . compared to September of 2015 and 2014 . September YTD
400
300 sales of 3,024 are running 5.7 % ahead of last year ' s year-to-date sales of 2,860 .
300 200

Frederick

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
200 100
Prices The Median Sales Price in September was $ 299,900 , up 2.5 %
Prices from $ 292,500 in September of 2015 and up 0.3 % from The $ 299,000 Median last Sales month Price . in The September Average was Sales $ 299,900 Price in , up September 2.5 %
350 from was $ 292,500 313,823 , in down September 2.0 % from of 2015 $ 320,128 and up in 0.3 September % from of 2015 340 $ and 299,000 down last
2.5 month % from
. The $ 321,927
Average last
Sales month
Price . September in September 2016 was $ 313,823 , down 2.0 % from $ 320,128 in September of 2015
330 ASP was at a mid range compared to September of 2015 and and down 2.5 % from $ 321,927 last month . September 2016 320 2014 . ASP was at a mid range compared to September of 2015 and 310 2014 .
300 290 280 270 260 250
100
0
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
278 228 247 174 164 215 241 324 356 294 381 277 292 231 251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 275 330 411 438 388 399 351
O 13
350 340 330 320 310 300 290 280 270 260 250
278 228 247
O
N
13 D
J
F
14 M A M J
J
A S O N D
J
F M15A M J
J
A S O N D
J
F M A16M J
J
A S
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
September Total Inventory was 1,406 of Properties , down 1.6 available % from 1,429 for sale last month of and
2,000
September was 1,406 , down 1.6 % from 1,429 month and
2,000 down 16.9 % from 1,692 in September of last year . September down 201616.9 Inventory % from was 1,692 at in its September lowest level of last compared year . September with September
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
2016 of 2015 Inventory and 2014 was . at its lowest level compared with September of 2015 and 2014 .
1,500
1,000
1,000
6.0
5.0
4.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The September 2016 MSI of
4.0500 higher MSI is better for buyers . The September 2016 MSI of 4.0 months was at its lowest level compared with September of 2015 months was at its lowest level compared with September of 2015 and 2014 . and 2014 .
0
3.0
500
2.0
1.0
0
0.0
O
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
F J
M
J
A
A
M S
J
J
A S
13
13
14
14
15
15
16
16
1,332 1,263 1,159 1,118 1,119
174
1,253 164 215 241
1,433 1,535 1,641 324 356 294 381 277 292
1,680 1,683 1,629 1,580 1,462 1,358 1,272 231 251
1,283
1,360 179 206
1,508 1,619
264 279 355 513 382 342 340 318
1,666
1,508 1,726 1,665 1,692 1,655
1,482 1,346 1,248 1,227
247 333 205
1,363 1,416 1,439
227 275 330
3 Mo Avg
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
1,332 1,263 1,159 1,118 1,119
1,253 1,433 1,535 1,641 1,680 1,683 1,629 1,580 1,462 1,358 1,272 1,283 1,360
1,619 1,666 1,726 1,665 1,692 1,655
1,482 1,346 1,248 1,227 1,501 1,363 1,497 1,416 1,429 1,406
411
1,439 1,501
438 388 399
1,497 1,429 1,406
351
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
20 | 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 .