MA ARCHIVED April 2017 | Page 28

Market Action Report April 2017
Community Information
Market Action Report April 2017

County : Montgomery

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
$ 675,000
7 %
16 %
Average List Price of all Current Listings
$ 962,289
1 %
19 %
April Median Sales Price
$ 499,990
9 %
8 %
8 %
9 %
$ 463,000
6 %
1 %
April Average Sales Price
$ 605,919
7 %
5 %
2 %
7 %
$ 577,271
4 %
2 %
Total Properties Currently for Sale ( Inventory )
2,011
9 %
-21%
April Number of Properties Sold
825
6 %
-1%
2,652
11 %
April Average Days on Market ( Solds )
35 -33% -29% -24% -29%
49
-18%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 243
-4%
-4%
-2%
-2%
$ 253
3 %
2 %
April Sold Price per Square Foot
$ 244
-1%
1 %
4 %
5 %
$ 242
6 %
4 %
April Month ' s Supply of Inventory
2.4
3 %
-5% -21% -20%
2.7
-27%
-13%
April Sale Price vs List Price Ratio
98.5 %
1.3 % 1.4 % 1.0 % 1.8 %
97.2 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400
April Property sales were 825 , down 0.6 % from 830 in April of
2016 and 6.5 % higher than the 775 sales last month . April 2017
1,200
Property sales were Sales at a mid level compared to April of 2016 and 2015 .
1,400
April Property YTD sales sales of were 2,652825 are , down running 0.6 % 11.5 from % ahead 830 in of April last of year ' s
1,000
2016 year-to-date and 6.5 % sales higher of than 2,379 the . 775 sales last month . April 2017 sales were at a mid level compared to April of 2016 and 2015 .
1,200
800
April YTD sales of 2,652 are running 11.5 % ahead of last year ' s
1,000
year-to-date sales of 2,379 .
600
800
400
600
400
200

Montgomery

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
200
0
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
0
14
15
16
17
Prices
The Median Sales Price in April was $ 499,990 , up 7.5 % from
Prices
$ 465,000 in April of 2016 and up 8.7 % from $ 460,000 last
The month Median . The Sales Average Price Sales in April Price was in $ 499,990 April was , up $ 605,919 7.5 % from , up 2.2 %
700
$ from 465,000 $ 592,722 in April in of April 2016 of and 2016 up and 8.7 % up from 7.4 $ % 460,000 from $ 563,995 last last
M
J
14
700
650
J
A S O N D
J
Median
F M A M Sales J
J
A Price S O N and D
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month . . The April Average 2017 Sales ASP was Price at in the April highest was $ level 605,919 compared , up 2.2 % to from
April $ 592,722 of 2016 in and April 2015 of . 2016 and up 7.4 % from $ 563,995 last
650
600
month . April 2017 ASP was at the highest level compared to
600
550
April of 2016 and 2015 .
550
500
500 450
880 974 806 763 667
880 974 806 763 667 666 544 718 454 400 608 737 897 1,088 947 834 755 698 641 721 479 470 600 830 1,010 1,169 946 941 679 726 685 692 521 531 775 825
450
400
400
M
M
J
14
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
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
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 April
The was Total 2,011 Inventory , up 9.4 % of from Properties 1,838 last available month for and sale down as of 21.3 April % from
3,500 was
2,554 2,011 in , April up 9.4 of % last from year 1,838 . April last month 2017 Inventory and down was 21.3 at % from its lowest
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
6.0
5.0
2,554 level in compared April of last with year April . April of 2016 2017 and Inventory 2015 . was at its lowest
3,000
2,500
5.0 level compared with April of 2016 and 2015 .
2,500
2,000
4.0
2,000
1,500
3.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
A comparatively lower MSI is more beneficial for sellers while a
2.0 higher MSI is better for buyers . The April 2017 MSI of 2.4
1,000 higher months MSI was is better at its lowest for buyers level . The compared April 2017 with MSI April of 2.4 of 2016 and
500
1.0 months was at its lowest level compared with April of 2016 and
500
2015 .
0
2015 .
0
0.0
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 A
14
15
16
17
14
15
16
17
4.0
3.0
2.0
1.0
0.0
666
2,638 2,773 2,718 2,680 2,915 2,786
2,638 2,773 2,718 2,680 2,915 2,786
2,349 2,000 1,884 544 718
2,002 2,266
454
2,349 2,000 1,884
400 608
Number of Properties Sold
737 897 1,088 947
2,643 2,922 3,006 2,917 2,736 2,896 2,808
2,002 2,266
834 755
2,643 2,922 3,006 2,917 2,736 2,896 2,808 698 641
2,350 1,917
2,350 1,917 1,810 1,829
2,210 721 479 470 600 830 1,010 1,169
2,554 2,535 2,602 2,508 2,350 2,499 2,321
1,810 1,829
2,210 2,554
946 941 679
2,535 2,602 2,508 2,350 2,499 2,321
2,028 1,638 1,523 1,525
1,838
3 Mo Avg
726 685
2,028 1,638 2,011 692 521
1,523 1,525
3 Mo Avg
531 775
1,838 2,011
825
28 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con 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 .