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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 |
$ 499,900 |
2 % |
18 % |
|||||
Average List Price of all Current Listings |
$ 1,121,217 |
1 % |
22 % |
|||||
May Median Sales Price |
$ 314,000 |
8 % |
8 % |
16 % |
12 % |
$ 285,000 |
6 % |
2 % |
May Average Sales Price |
$ 493,453 |
15 % |
5 % |
6 % |
7 % |
$ 464,138 |
1 % |
1 % |
Total Properties Currently for Sale ( Inventory ) |
2,175 |
-4% |
-19% |
|||||
May Number of Properties Sold |
337 |
3 % |
-2% |
1,505 |
-4% |
|||
May Average Days on Market ( Solds ) |
95 |
1 % |
2 % |
-19% -11% |
93 |
-11% |
-13% |
|
Asking Price per Square Foot ( based on New Listings ) |
$ 313 |
-8% |
-5% |
7 % |
1 % |
$ 326 |
5 % |
5 % |
May Sold Price per Square Foot |
$ 261 |
3 % |
2 % |
11 % |
6 % |
$ 255 |
5 % |
3 % |
May Month ' s Supply of Inventory |
6.5 |
-6% |
-3% -17% -22% |
8.0 |
-7% |
-2% |
||
May Sale Price vs List Price Ratio |
94.4 % |
-. 2 % |
. 0 % |
1.2 % |
. 4 % |
94.2 % |
0 % |
0 % |
Property Sales |
450 |
||
May Property sales were 337 , down 2.3 % from 345 in May of
2016 and 3.1 % higher than the 327 sales last month . May 2017
|
400 |
||
Property sales were Sales at their lowest level compared to May of 2016 and
450
|
350 |
||
May
2015 Property . May YTD sales sales were of 337 1,505 , down are 2.3 running % from 4.3 345 % in behind May of last
2016 year and ' s year-to-date 3.1 % higher sales than of the 1,572 327 sales . last month . May 2017
|
400 |
300 |
|
sales were at their lowest level compared to May of 2016 and |
350 |
250 |
|
2015 . May YTD sales of 1,505 are running 4.3 % behind last year ' s year-to-date sales of 1,572 . |
300 |
200 |
|
250 |
150 |
||
200 |
100 |
||
150 |
50 |
||
100 |
0 |
||
50 |
|||
0 |
|||
Prices
The Median Sales Price in May was $ 314,000 , up 15.7 % from
Prices
$ 271,455 in May of 2016 and up 8.3 % from $ 290,000 last
|
J
14
600
|
||
The month Median . The Sales Average Price Sales in May Price was $ in 314,000 May was , up $ 493,453 15.7 % from , up 6.5 %
600
$ from 271,455 $ 463,409 in May of in 2016 May and of 2016 up 8.3 and % from up 14.9 $ 290,000 % from $ last 429,480 month last month . The . Average May 2017 Sales ASP Price was in at May the was highest $ 493,453 level , compared up 6.5 % to
550 from
May $ of 463,409 2016 and in May 2015 of . 2016 and up 14.9 % from $ 429,480
500
|
550
500
450
|
||
last month . May 2017 ASP was at the highest level compared to
May of 2016 and 2015 .
|
450
400
|
400
350
|
|
350 |
300 |
||
300 |
250 |
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 |
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14 |
15 |
16 |
17 |
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J |
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
|
3 Mo Avg |
||||||||||||
Median Sales Price and Average Sales Price |
250 |
200 |
|||||||
200 |
J |
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
14
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M
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14 |
15 |
16 |
17 |
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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 May
The was Total 2,175 Inventory , down 3.6 of % Properties from 2,257 available last month for sale and as down of May 18.6 %
3,000 was from 2,175 2,671 , down in May 3.6 % of from last 2,257 year . last May month 2017 and Inventory down 18.6 was % at its
3,000
2,500
|
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
12.0 |
12.0
10.0
|
|||||
from lowest 2,671 level in May compared of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest level compared with May of 2016 and 2015 . |
2,500
2,000
|
10.0 |
8.0 |
|||||
2,000
1,500
|
8.0 |
6.0 |
||||||
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0 higher MSI is better for buyers . The May 2017 MSI of 6.5 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of 6.5
500 of 2016 and
500
2.0 months
2015 . was at its lowest level compared with May of 2016 and
0
2015 .
0
0.0
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 A M
14
15
16
17
14
15
16
17
|
4.0
2.0
0.0
|