MA ARCHIVED April 2017 | Page 30

Market Action Report
County: Prince Georges
April 2017
Prince George’s
Market Action Report
County: Prince Georges
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
April 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$339,000
6%
21%
Other
$376,155 Trending
4% versus*:
20%
Month
LM 1%
L3M 1%
PYM 12%
LY
$290,000
$339,000
6% 1% 1%
21% 9%
$292,662
$376,155 1,342
4% -8% 20% -33%
$290,000 613
1% -10%
1% 12% -11%
5%
$292,662 1%
1%
9%
4%
50 -11% -12% -19%
1,342 -8%
-33%
$152 0% 3% 6%
613 -10%
-11%
$142 4% 3% 7%
50 -11% -12% -19% -7%
2.2 2% -8% -24%
$152 0% 3% 6% 10%
98.1% .3% -.0% -.2%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
April Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 12%
Prior Year
$286,000
5%
4%
$290,599
4%
4%
12%
$286,000 2,341
12%
$290,599
12%
-7%
57
4% 4%
-14% 4%
10%
$148
10%
2,341
4%
6%
$137
9%
57 -14%
6%
-29%
2.5 -29%
$148
10%
7%
-.2%
98.1%
1%
6%
7%
2%
-18%
-0%
$142 4% 3% 7% 6%
$137
9%
2%
2.2 2% -8% -24% -29%
2.5 -29%
-18%
of 98.1%
Properties
98.1% .3% -.0% -.2% Number
-.2%
1% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
900
April Property sales were 613, down 11.0% from 689 in April of
2016 and 10.1 % lower than the 682 sales last month. April 2017 800
Property
sales were Sales
at a mid level compared to April of 2016 and 2015. 900 700
April
sales
11.0%
from
689 in
of
April Property
YTD sales
of were
2,341 613,
are down
running
4.3%
ahead
of April
last year's
2016
and 10.1% sales
lower
the 682 sales last month. April 2017 800 600
year-to-date
of than
2,245.
sales were at a mid level compared to April of 2016 and 2015.
700 500
Prices
14
300
290
280
270
260
250
240
230
220
210
200
488
16
Median Sales Price and Average Sales Price
17
3 Mo Avg
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
15 A M J J A S O N D J F M 16
M J 14 J A S O N D J F M
A M J J A S O N D J F M A 17
14
15
16
17
1,500
1,500
6.0
6.0
2,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,000
5.0
4.0
3.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
3,000
was Total
1,342,
down 8.3%
from 1,464
last month
and
32.7%
The
Inventory
of Properties
available
for sale
as down
of April
from
1,993
in April
last 1,464
year. last
April
2017 and
Inventory
was at its 3,000 2,500
was
1,342,
down
8.3% of
from
month
down 32.7%
from
1,993
in April
of last with
year. April
April of 2017
was at its
lowest
level
compared
2016 Inventory
and 2015.
2,500
2,000
lowest level compared with April of 2016 and 2015.
A comparatively lower MSI is more beneficial for sellers while a
685
15
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
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
0
270
260
250
240
230
220
210
200
0
100
The Median Sales Price in April was $290,000, up 11.5% from
Prices
$260,000 in April of 2016 and up 0.9% from $287,550 last
The
Median
Sales
Price Sales
in April
was in
$290,000,
11.5% from
month.
The
Average
Price
April was up
$292,662,
up 9.5%
300
$260,000
in April in of April
2016 of and
up and
0.9%
last
from $267,391
2016
up from
1.5% $287,550
from $288,342
last
290
month.
Average
Price at in the
April
was $292,662,
up 9.5%
month. The
April
2017 Sales
ASP was
highest
level compared
to
from
April
of 2016 and up 1.5% from $288,342 last 280
April $267,391
of 2016 in
and
2015.
100
200
500 300
400 200
300
month. April 2017 ASP was at the highest level compared to
April of 2016 and 2015.
3 Mo Avg
600 400
April YTD sales of 2,341 are running 4.3% ahead of last year's
year-to-date sales of 2,245.
Number of Properties Sold
2.0
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2017
MSI while
of 2.2 a 1,000
500
higher
MSI
is better
for buyers.
April 2017
of 2.2
months
was
at its lowest
level The
compared
with MSI
April
of 2016 and 500
1.0
months
0
2015. was at its lowest level compared with April of 2016 and
0
0.0
2015.
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
Copyright
© Coldwell
Banker Residential
Brokerage
| Price
Range: | Property
All | Property
Types:
SFH - Con
Copyright
© | Coldwell
Price
SFH - Con
30
c o Banker
l d Residential
w e l l Brokerage
b a n | k
e Range:
r h o All m
e s . Types:
com
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
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
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
5.0
4.0
3.0
2.0
1.0
0.0