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Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
Prior YTD |
Prior Year |
Median List Price of all Current Listings |
$ 399,900 |
0 % |
2 % |
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Average List Price of all Current Listings |
$ 738,461 |
1 % |
0 % |
|||||
March Median Sales Price |
$ 280,000 |
1 % |
-5% |
4 % |
-2% |
$ 287,000 |
6 % |
1 % |
March Average Sales Price |
$ 454,029 |
-8% |
-7% |
19 % |
7 % |
$ 475,200 |
20 % |
12 % |
Total Properties Currently for Sale ( Inventory ) |
2,689 |
-3% |
-10% |
|||||
March Number of Properties Sold |
640 |
46 % |
0 % |
1,553 |
5 % |
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March Average Days on Market ( Solds ) |
88 |
6 % |
4 % |
14 % |
9 % |
86 |
10 % |
6 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 255 |
-3% |
-4% |
8 % |
4 % |
$ 263 |
10 % |
7 % |
March Sold Price per Square Foot |
$ 230 |
-7% |
-7% |
12 % |
5 % |
$ 240 |
15 % |
10 % |
March Month ' s Supply of Inventory |
4.2 -33% -22% -10% -18% |
5.4 |
-13% |
5 % |
||||
March Sale Price vs List Price Ratio |
93.4 % |
. 1 % |
-. 2 % -. 2 % |
. 2 % |
93.4 % |
0 % |
0 % |
Property Sales |
700 |
|
March Property sales were 640 , equal to 640 in March of 2017 | ||
and 46.1 % higher than the 438 sales last month . March 2018 |
600 |
|
Property sales were Sales at their highest level compared to March of 2017 and
700
| ||
March
2016 . Property March YTD sales sales were of 640 1,553 , equal are to running 640 March 5.0 % ahead of 2017 of last
|
500 |
|
and year 46.1 ' s year-to-date % higher than sales the 438 of 1,479 sales . last month . March 2018 sales were at their highest level compared to March of 2017 and |
600 |
400 |
2016 . March YTD sales of 1,553 are running 5.0 % ahead of last |
500 |
|
year ' s year-to-date sales of 1,479 . |
300 |
|
400 |
||
200 |
||
300 |
||
200 |
100 |
100 |
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 |
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0 |
15 |
16 |
17 |
18 |
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Prices
The Median Sales Price in March was $ 280,000 , up 3.9 % from
Prices
$ 269,500 in March of 2017 and up 0.9 % from $ 277,500 last
The month Median . The Sales Average Price Sales in March Price was in $ March 280,000 was , up $ 454,029 3.9 % from , up
600
$
19.1 269,500 % from in March $ 381,114 of 2017 in March and up of 0.9 2017 % from and down $ 277,500 7.8 % last from month
$ 492,402 . The last Average month Sales . March Price in 2018 March ASP was was $ 454,029 at the highest , up level
550
19.1 compared % from $ to 381,114 March in of March 2017 of and 2017 2016 and . down 7.8 % from
500
|
A
M J
15
600
550
500
450
|
J |
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
|
3 Mo Avg |
||||||||||||||
$ 492,402 last month . March 2018 ASP was at the highest level compared to March of 2017 and 2016 . |
450
400
|
400
350
|
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350 |
300 |
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300 |
250 |
250 |
200 |
|||||
200 |
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
A
M
15 J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M
18
|
|||||
15 |
16 |
17 |
18 |
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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 2,689 Inventory , down 2.6 of % Properties from 2,760 available last month for sale and as of down March 9.7 %
3,500 was from 2,689 2,979 , down in March 2.6 % from of last 2,760 year last . March month 2018 and down Inventory 9.7 % was at
3,5003,000
|
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
8.0 |
8.0
7.0
|
|||
from a mid 2,979 level in compared March of last with year March . March of 2017 2018 and Inventory 2016 . was at
3,000
7.0
2,500 a mid level compared with March of 2017 and 2016 .
2,500
6.0
2,000
5.0
2,000
1,500
4.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
3.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2018 sellers MSI while of 4.2 a
1,000 higher MSI is better for buyers . The March 2018 MSI of 4.2
2.0 months was at a mid level compared with March of 2017 and
500 months was at a mid level compared with March of 2017 and
500
1.0
2016 .
0
2016 .
0
0.0
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
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
15
16
17
18
15
16
17
18
|
6.0
5.0
4.0
3.0
2.0
1.0
0.0
|