MA ARCHIVED September 2016 | Page 28

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

County : Montgomery

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
$ 599,000
2 %
11 %
Average List Price of all Current Listings
$ 851,343
4 %
12 %
September Median Sales Price
$ 440,000
-6%
-8%
-0%
-1%
$ 460,000
2 %
3 %
September Average Sales Price
$ 532,597
-10%
-9%
-4%
-4%
$ 570,991
1 %
3 %
Total Properties Currently for Sale ( Inventory )
2,337
3 %
-19%
September Number of Properties Sold
655 -30%
-13%
7,093
6 %
September Average Days on Market ( Solds )
46
5 %
7 %
-8%
-8%
48
0 %
-4%
Asking Price per Square Foot ( based on New Listings )
$ 264
10 %
6 %
10 %
9 %
$ 247
2 %
2 %
September Sold Price per Square Foot
$ 237
6 %
1 %
7 %
4 %
$ 233
1 %
2 %
September Month ' s Supply of Inventory
3.6
48 %
25 %
-7%
-0%
3.1
-16%
-15%
September Sale Price vs List Price Ratio
96.9 %
. 2 %
-. 2 %
. 6 %
. 8 %
96.9 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
1,400
September Property sales were 655 , down 13.2 % from 755 in
September of 2015 and 30.2 % lower than the 939 sales last
1,200
Property month . September Sales 2016 sales were at their lowest level
1,400
September Property sales were 655 , down 13.2 % from 755 in compared to September of 2015 and 2014 . September YTD
1,000
September of 2015 and 30.2 % lower than the 939 sales last
1,200 sales of 7,093 are running 5.6 % ahead of last year ' s year-to-date month . September 2016 sales were at their lowest level sales of 6,720 .
800 compared to September of 2015 and 2014 . September YTD
1,000
sales of 7,093 are running 5.6 % ahead of last year ' s year-to-date sales of 6,720 .
800
600
600
400

Montgomery

Agent Name
Title Phone Website Other

Community Information

200 400
Number of Properties Sold
200 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
0 13 14 15
16 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
Prices 13 14 Median Sales 15 Price and Average Sales 16 Price
3 Mo Avg
The Median Sales Price in September was $ 440,000 , down 0.2 % Prices
700 from $ 441,000 in September of 2015 and down 6.4 % from
Median Sales Price and Average Sales Price
3 Mo Avg The $ 470,000 Median last Sales month Price . in The September Average was Sales $ 440,000 Price in , down September 0.2 %
700 650 from was $ 441,000 532,597 in , down September 3.7 % from of 2015 $ 553,027 and down in September 6.4 % from of 2015 $ and 470,000 down last
9.9 month % from
. The $ 591,150
Average last
Sales month
Price . September in September
2016 ASP 650 600 was $ 532,597 , down 3.7 % from $ 553,027 in September of 2015 was at the lowest level compared to September of 2015 and and down 9.9 % from $ 591,150 last month . September 2016 ASP 2014 .
600 550 was at the lowest level compared to September of 2015 and 2014 .
550 500 500
450
672 561 616
672 561 616 440 423 538 636 880 974 806 763 667 666 544 718 454 400 608 737 897 1,088 947 834 755 698 641 721 479 470 600 830 1,010 1,166 944 939 655
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 2,337 of Properties , up 3.0 % available from 2,268 for last sale month as of and down
3,500
September was 2,337 , up 3.0 % from 2,268 last month and down
3,500
19.1 % from 2,890 in September of last year . September 2016
3,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
19.1
Inventory % from 2,890 was at in its September lowest level of last compared year . September with September 2016 of
3,000
2,500
5.0
Inventory
2015 and was 2014 at . its lowest level compared with September of
2,500
2015 and 2014 .
2,000
4.0
2,000
1,500
3.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
1,000
2.0 higher MSI is better for buyers . The September 2016 MSI of 3.6
1,000 higher MSI is better for buyers . The September 2016 MSI of 3.6
500 months was at its lowest level compared with September of
2015500
1.0 months was at its lowest level compared with September of 2015 and 2014 .
0 and 2014 .
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
2,252
2,015 1,693 1,644 1,706
440 423 538
1,963
1,706 2,269
1,963 2,636
636 880 974 806
2,771 2,716 2,677 2,912 2,783
763
Number of Properties Sold
667 666 544
2,346 1,997 1,881 1,998
718 454
2,262 2,639
2,918
400 608
3,002
2,912 737 897 1,088 947
2,730 2,890 2,801
2,343 834 755 698 641
1,905 1,798 1,808
2,181
721 479 470
2,520 2,492 2,555 2,452
3 Mo Avg
450 400
400 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
2,252
2,015 1,693 1,644
2,269 2,636 2,771 2,716 2,677 2,912 2,783
2,346 1,997 1,881 1,998
2,262
2,639 2,918 3,002 2,912 2,730 2,890 2,801
2,343 1,905 1,798 1,808
600
2,181 2,520
830
2,268 2,337
1,010
2,492 2,555
1,166
3 Mo Avg
944 939
2,452 2,268 2,337
655
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
28 | 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 .