MA ARCHIVED September 2016 | Page 28

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

County : Montgomery

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
$ 1,589,990
2 %
3 %
Average List Price of all Current Listings
$ 1,977,092
1 %
1 %
September Median Sales Price
$ 1,387,500
2 %
5 %
-2%
6 %
$ 1,317,050
0 %
1 %
September Average Sales Price
$ 1,512,106
-6%
-1%
-2%
1 %
$ 1,522,105
1 %
2 %
Total Properties Currently for Sale ( Inventory )
547
12 %
1 %
September Number of Properties Sold
53 -49%
-27%
725
2 %
September Average Days on Market ( Solds )
75
-1%
12 %
21 %
23 %
66
16 %
8 %
Asking Price per Square Foot ( based on New Listings )
$ 366
18 %
6 %
15 %
3 %
$ 338
-2%
-5%
September Sold Price per Square Foot
$ 383
25 %
11 %
21 %
13 %
$ 341
0 %
1 %
September Month ' s Supply of Inventory
10.3
118 % 50 %
39 %
47 %
6.9
-1%
-2%
September Sale Price vs List Price Ratio
98.7 %
5.1 % 3.6 % 2.6 % 3.7 %
95.4 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Montgomery

Agent Name
Title Phone

Community Information

Website
Other
Property Sales
160
September Property sales were 53 , down 27.4 % from 73 in
September of 2015 and 48.5 % lower than the 103 sales last
Property month . September Sales 2016 sales were at their lowest level
160
September Property sales were 53 , down 27.4 % from 73 in compared to September of 2015 and 2014 . September YTD
September of 2015 and 48.5 % lower than the 103 sales last
140 sales of 725 are running 1.7 % ahead of last year ' s year-to-date month . September 2016 sales were at their lowest level sales of 713 .
120 compared to September of 2015 and 2014 . September YTD
140
120
100
80
Number of Properties Sold
3 Mo Avg
sales of 725 are running 1.7 % ahead of last year ' s year-to-date sales of 713 .
100
80
60
40
60
40
20
20
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
The Median Sales Price in September was $ 1,387,500 , down
Prices
1,800
1.9 % from $ 1,415,000 in September of 2015 and up 1.6 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 1,365,000 Median Sales last month Price in . September The Average was Sales $ 1,387,500 Price in , down September
1,8001,700
1.9 was % from $ 1,512,106 $ 1,415,000 , down in 1.8 September % from $ of 1,539,828 2015 and in up September 1.6 % from of
$
2015 1,365,000 and down last month
5.6 % . from The Average
$ 1,601,522
Sales last Price month in September
. September
1,7001,600 was $ 1,512,106 , down 1.8 % from $ 1,539,828 in September of
2016 ASP was at a mid range compared to September of 2015
2015 and down 5.6 % from $ 1,601,522 last month . September and 2014 .
1,6001,500
2016 ASP was at a mid range compared to September of 2015
3 Mo Avg
and 2014 .
1,5001,400
1,400 1,300
53 61 74 42 42 63 62 86 99 97 75 78 67 53 68 35 29 67 77 89 117 127 99 73 51 70 67 38 49 51 102 94 140 95 103 53
1,300
1,200
1,200
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
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 547 of , up Properties 12.1 % from available 488 last for sale month as of and up 0.7 %
September was 547 , up 12.1 % from 488 last month and up 0.7 %
700 from 543 in September of last year . September 2016 Inventory
700
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
14.0
12.0
from was 543 at its in highest September level of compared last year . September with September 2016 Inventory of 2015 and
600 was
2014 at . its highest level compared with September of 2015 and
500
2014 .
400
300
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
200 higher MSI is better for buyers . The September 2016 MSI of
10.3 months was at its highest level compared with September
100
10.3 months was at its highest level compared with September of 2015 and 2014 . of 2015 and 2014 .
0
12.0
500
10.0
400
8.0
300
6.0
200
4.0
100
2.0
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
10.0
8.0
6.0
4.0
2.0
0.0
431
343 53 431
61 343
74 269
269 275 305
42 379 275
42
452 305
63
530 540
379 62
452 86
530
486 465
99
540 97
540 486 530 465
75 419
540
Number of Properties Sold
78 530
67
343 328
53 68
419
348 343
427 328
35
526 564
348 29 67 77
566
538 495
427 526
564 89 566
117 538
543 526
127 495 444
99 543 349
73 526
339 365
51
444 465
70 349
67
575 557
339 38
365 49
567 529
465 575
51 557
102
488 547
567 94
529 140 488
3 Mo Avg
95
547 103 53
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | 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 .