CAR ARCHIVED March 2017 | Page 37

Market Action Report March 2017
Community Information | School District
Market Action Report March 2017

County : Dorchester

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
$ 299,000
5 %
20 %
Average List Price of all Current Listings
$ 333,474
7 %
18 %
March Median Sales Price
$ 225,000
5 %
1 %
8 %
5 %
$ 219,900
9 %
3 %
March Average Sales Price
$ 235,329
2 %
0 %
4 %
3 %
$ 232,701
7 %
2 %
Total Properties Currently for Sale ( Inventory )
668
6 %
-19%
March Number of Properties Sold
269
30 %
23 %
638
22 %
March Average Days on Market ( Solds )
56 -18% -3% -16%
-2%
61
-19%
7 %
Asking Price per Square Foot ( based on New Listings )
$ 130
7 %
7 %
16 %
15 %
$ 123
12 %
9 %
March Sold Price per Square Foot
$ 113
4 %
3 %
9 %
6 %
$ 111
8 %
4 %
March Month ' s Supply of Inventory
2.5 -19% -23% -34% -28%
3.2
-33%
-6%
March Sale Price vs List Price Ratio
97.8 %
1.8 % 1.0 % 1.1 %
. 7 %
96.8 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Dorchester

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
400
March Property sales were 269 , up 22.8 % from 219 in March of
2016 and 30.0 % higher than the 207 sales last month . March
350
Property
2017 sales Sales were at their highest level compared to March of 2016
400
March Property sales were 269 , up 22.8 % from 219 in March of
300 and 2015 . March YTD sales of 638 are running 21.5 % ahead of
2016 and 30.0 % higher than the 207 sales last month . March
350 last year ' s year-to-date sales of 525 .
250
2017 sales were at their highest level compared to March of 2016
300 and 2015 . March YTD sales of 638 are running 21.5 % ahead of
200
Number of Properties Sold
3 Mo Avg
last year ' s year-to-date sales of 525 .
250
150
200
100
150
50
100
50
0
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
J
F M
0
14
15
16
17
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
J
F M
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in March was $ 225,000 , up 7.7 % from
Prices
250
$ 209,000 in March of 2016 and up 5.4 % from $ 213,500 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in March Price was in $ March 225,000 was , up $ 235,329 7.7 % from , up
240
250
$
4.2 209,000 % from in $ March 225,914 of 2016 in March and up of 2016 5.4 % and from up $ 213,500 2.1 % from last
230 month . The Average Sales Price in March $ 235,329 , up
240
$ 230,396 last month . March 2017 ASP was at the highest level
220
4.2 % from $ 225,914 in March of 2016 and up 2.1 % from
230 compared to March of 2016 and 2015 .
210
$ 230,396 last month . March 2017 ASP was at the highest level
220
200 compared to March of 2016 and 2015 .
210
190
200
180
190
170
180
170
160
160
150
150
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
J
F M
205 210 255 256 232 227 214 169 184 135 153 247 225 231 273 282 260 257 216 162 233 153 153 219 252 287 326 270 356 279 252 199 290 162 207 269
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
J
F M
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of March
The was Total 668 , Inventory up 5.9 % from of Properties 631 last available month and for down sale as 19.4 of March % from
1,200 was 829668 in , March up 5.9 % of from last year 631 . last March month 2017 and Inventory down 19.4 was % from at its
1,200
1,000
829 lowest in March level compared of last year with . March March 2017 of Inventory 2016 and was 2015 at . its
1,000 lowest level compared with March of 2016 and 2015 .
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
800
600
5.0
600
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 2.5 a
400 higher MSI is better for buyers . The March 2017 MSI of 2.5
200 months was at its lowest level compared with March of 2016 and
200 months
2015 . was at its lowest level compared with March of 2016 and
0
2015 .
0
A
M J
M J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
4.0
3.0
2.0
1.0
0.0
J A S O N D J
F M
F M
17
948 967 921 941 942 919 911 918 898 908 932 943 980 985 978 983 928 957 888 849 825 810 821
A 14
205
14
210 255 256 232 227 214 169
J A S O N D J 15
184
948 967 921 941 942 919 911 918 898
135
15
153
Number of Properties Sold
247 225 231 273 282 260 257 216
908 932 943 980 985 978 983 928 957 888 849
J A S O N D J
16
162 233 153
16
153
825 810 821 829 219 252 287 326 270 356 279
829 853 857 836 828 850 832 794 752 723 672 631 668
J A S O N D J
17
252 199
853 857 836 828 850 832 794 752 723
290 672
3 Mo Avg
162
17
207
631 668
269
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 Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional 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 .
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