MA ARCHIVED April 2017 | Page 36

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

County : Talbot

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
$ 549,900
1 %
16 %
Average List Price of all Current Listings
$ 987,040
2 %
8 %
April Median Sales Price
$ 300,000
-1%
0 %
5 %
0 %
$ 300,000
3 %
0 %
April Average Sales Price
$ 435,131
-11% -6%
-8%
-6%
$ 462,055
5 %
0 %
Total Properties Currently for Sale ( Inventory )
405
5 %
-16%
April Number of Properties Sold
44
-8%
-14%
170
-6%
April Average Days on Market ( Solds )
156
38 %
24 %
20 %
15 %
126
-14%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 216
-17% -6%
-1%
-1%
$ 230
-3%
6 %
April Sold Price per Square Foot
$ 151
-25% -15% -22% -15%
$ 179
8 %
0 %
April Month ' s Supply of Inventory
9.2
15 %
0 %
-3%
-3%
8.7
-9%
-8%
April Sale Price vs List Price Ratio
88.4 % -3.9% -. 8 % -. 3 %
-. 3 %
89.1 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales April Property sales were 44 , down 13.7 % from 51 in April of
2016 and 8.3 % lower than the 48 sales last month . April 2017 Property sales were Sales at their lowest level compared to April of 2016 and 70
April 2015 Property . April YTD sales sales were of 44170 , down are 13.7 running % from 5.651 % in behind April of last year ' s 2016 year-to-date and 8.3 % sales lower of than 180 the . 48 sales last month . April 2017 60 sales were at their lowest level compared to April of 2016 and 2015 . April YTD sales of 170 are running 5.6 % behind last year ' s 50 year-to-date sales of 180 .
40
Prices The Median Sales Price in April was $ 300,000 , up 4.9 % from
Prices $ 286,000 in April of 2016 and down 1.2 % from $ 303,750 last The month Median . The Sales Average Price Sales in April Price was in $ 300,000 April was , up $ 435,131 4.9 % from , down $ 8.2 286,000 % from in $ April 474,008 of 2016 in April and down of 2016 1.2 % and from down $ 303,750 10.7 % last from month $ 487,186 . The last Average month Sales . April Price 2017 in April ASP was $ at 435,131 a mid , range down 8.2 compared % from $ to 474,008 April of in 2016 April and of 2016 2015 and . down 10.7 % from $ 487,186 last month . April 2017 ASP was at a mid range compared to April of 2016 and 2015 .
30 20 10 0
70 60 50 40 30 20 10
Number of Properties Sold
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
14
15
16
17
M
14
J
J
A S O N D
J
FMedian M A M J Sales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
3 Mo Avg
700
Median Sales Price and Average Sales Price
37 47 43 47 49 55 49 38 38 26 42 50 50 41 59 55 43 59 45 40 45 41 43 51 39 47 61 48 56 54 43 52 45 33 48 44
548

Talbot

576 37
560 47
550 43 567
Agent Name
Title Phone Website Other

Community Information

548 576 560
47 550 553
49 567 510
55 553 427
49 510 431
38
427 486 431
432
38 26
544 561
432 42 50
Number of Properties Sold
650
3 Mo Avg
700
600
650
550
600
550
500
450
400
350
300
250
200
500
450
400
350
300
250
200
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 405 , Inventory up 5.5 % from of Properties 384 last available month and for sale down as 16.0 of April % from was 482405 in , April up 5.5 of % last from year 384 . April last month 2017 and Inventory down 16.0 was % at from its lowest
700
482 level in compared April of last with year April . of 2017 2016 Inventory and 2015 was . at its lowest
600 level compared with April of 2016 and 2015 .
500
700
600
500
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
14.0
12.0
18.0
16.0
14.0
12.0
10.0
400
A comparatively lower MSI is more beneficial for sellers while
300 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial April for 2017 sellers MSI while of 9.2 a
200 higher months MSI was is better at its lowest for buyers level . The compared April 2017 with MSI April of 9.2 of 2016 and months was at its lowest level compared with April of 2016 and
100
2015 .
2015 .
0
300
10.0
8.0
200
6.0
100
4.0
2.0
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
8.0
6.0
4.0
2.0
0.0
50 41 59 55 43 59 45 40 45 41 43 51 39 47
486 574
544 568
561 557
574
545 527
568
492 557
434 545
403 527
399 492
436 434
403 482
399 515
436 515
519 482
500 515 477 515
445 519
406 500 61 48
477 56
445 54
406
3 Mo Avg
43
346 329 343 384 346 405 329
52 343
45 384
3 Mo Avg
33
405 48 44
36 | 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 .