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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 |
$ 499,450 |
-0% |
9 % |
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Average List Price of all Current Listings |
$ 668,144 |
4 % |
6 % |
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October Median Sales Price |
$ 405,000 |
13 % |
3 % |
11 % |
7 % |
$ 385,000 |
2 % |
1 % |
October Average Sales Price |
$ 583,265 |
49 % |
22 % |
36 % |
24 % |
$ 472,142 |
1 % |
1 % |
Total Properties Currently for Sale ( Inventory ) |
310 |
-5% |
-9% |
|||||
October Number of Properties Sold |
61 |
11 % |
49 % |
543 |
4 % |
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October Average Days on Market ( Solds ) |
99 -11% |
3 % |
22 % |
22 % |
101 |
26 % |
25 % |
|
Asking Price per Square Foot ( based on New Listings ) |
$ 215 |
2 % |
6 % |
4 % |
6 % |
$ 201 |
0 % |
-1% |
October Sold Price per Square Foot |
$ 204 |
18 % |
10 % |
15 % |
11 % |
$ 185 |
1 % |
1 % |
October Month ' s Supply of Inventory |
5.1 -14% -9% -39% -23% |
7.6 |
17 % |
14 % |
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October Sale Price vs List Price Ratio |
94.5 %
1.8 %
|
. 8 % |
. 2 % |
. 6 % |
93.1 % |
-1% |
-1% |
|
|
Property Sales 80
October Property sales were 61 , up 48.8 % from 41 in October of Number of Properties Sold
3 Mo Avg
2016 and 10.9 % higher than the 55 sales last month . October 70 Property 2017 sales Sales were at their highest level compared to October of 80
60
October 2016 and Property 2015 . sales October were YTD 61 , up sales 48.8 of % 543 from are 41 running October 4.2 of % 2016 and 10.9 % higher than the 55 last month . October 70 ahead of last year ' s year-to-date sales of 521 .
50 2017 sales were at their highest level compared to October of
60 2016 and 2015 . October YTD sales of 543 are running 4.2 %
40 ahead of last year ' s year-to-date sales of 521 . 50
30
40 20
30 10
20 0
10
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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in October was $ 405,000 , up 11.0 % 700
Prices from $ 365,000 in October of 2016 and up 12.5 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 360,000 Median last Sales month Price . in The October Average was Sales $ 405,000 Price , up in 11.0 October % was 650
700 from $ 583,265 $ 365,000 , up 36.0 in October % from of $ 2016 428,932 and in up October 12.5 % from of 2016 and up 600 $ 360,000 last month . The Average Sales Price in October 650
48.8 % from $ 392,077 last month . October 2017 ASP was at the 550 $ highest 583,265 level , up 36.0 compared % from to $ 428,932 October in of October 2016 and of 2016 2015 and . up 600
500
48.8 % from $ 392,077 last month . October 2017 ASP was at the 550 highest level compared to October of 2016 and 2015 .
450 500
400
450 400
350
350 300
300 250
250 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
14 J F
15 M 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 J J A S O
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 310 , down of Properties 4.9 % from available 326 last for month sale as of and down 500
14.0
October 9.4 % from was 342 310 , in down October 4.9 % of from last 326 year last . October month and 2017 down Inventory 500
14.0 12.0 400
9.4 was % from at a mid 342 level in October compared of last with year October . of 2017 2016 Inventory and 2015 . 12.0
400 10.0 was at a mid level compared with October of 2016 and 2015 . 300
10.0 8.0
300 8.0
200 6.0
A comparatively lower MSI is more beneficial for sellers while 200 a 6.0
4.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 5.1 100
4.0 higher months MSI was is better at a mid for level buyers compared . The October with October 2017 MSI of of 2016 5.1 and 100
2.0 months was at a mid level compared with October of 2016 and 2.0
2015 . 0
0.0 2015 .
0
0.0 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 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 14 15
16 17
14 15 16
17
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