MA ARCHIVED December 2017 | Page 16

Market Action Report Charles County: Charles Market Action Report County: Charles December 2017 Agent Name Title Phone Agent Name Website Other Title December 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 $370,900 -1% 6% Other $387,398 Trending 1% versus*: 9% Month LM 3% L3M 2% PYM 14% LY $324,900 $370,900 -1% 1% -1% 6% 9% $330,525 $387,398 586 1% -14% 9% -14% $324,900 165 3% -6% 2% 14% -10% 12% $330,525 1% -1% 9% 8% 70 30% 17% -20% 586 -14% -14% $138 5% 3% 7% 165 -6% -10% $130 0% -2% 6% 70 30% 17% -20% -3% 3.6 -9% -8% -5% $138 5% 3% 7% 4% 96.2% -1.1% -1.0% .8% Average List Price of all Current Listings Market Profile & Trends Overview December Median Sales Price Median List Average Price of all Current December Sales Price Listings Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) December Sales Price December Median Number of Properties Sold December Average Sales Price December Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) December Number of Properties Sold December Sold Price per Square Foot December Average Days on Market (Solds) December Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) December Sale Price vs List Price Ratio December Sold Price per Square Foot Trending versus*: Prior YTD 7% Prior Year 7% 12% YTD $310,000 8% $319,306 4% 4% $310,000 2,149 7% $319,306 4% -3% 63 6% 7% -13% 4% 4% $138 4% 2,149 6% 3% $130 3% 63 -13% -13% -29% 3.9 -22% $138 4% 4% .5% 96.9% 1% December 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 -13% 4% 3% -22% 1% $130 0% -2% 6% 3% $130 3% 3% 3.6 -9% -8% -5% -29% 3.9 -22% -22% of 96.9% Properties 96.2% -1.1% -1.0% .8% Number .5% 1% Sold 1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date December Month's Supply of Inventory Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg 250 December Property sales were 165, down 9.8% from 183 in December of 2016 and 5.7% lower than the 175 sales last month. Property December Sales 2017 sales were at a mid level compared to December 250 200 December Property were 165, down 9.8% from are 183 running in of 2016 and 2015. sales December YTD sales of 2,149 December of 2016 and 5.7% year-to-date lower than the 175 of sales last month. 5.8% ahead of last year's sales 2,031. December 2017 sales were at a mid level compared to December 200 150 139 191 3 Mo Avg 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 Inventory & MSI 600 0 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 10.0 10.0 800 600 400 A comparatively lower MSI is more beneficial for sellers while a A higher comparatively lower MSI is more The beneficial for sellers a 3.6 400 MSI is better for buyers. December 2017 while MSI of 200 higher MSI is better for buyers. December MSI of 3.6 months was at its lowest level The compared with 2017 December of 2016 200 months was at its lowest level compared with December of 2016 0 and 2015. and 2015. 17 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 17 A M J J A S O N D 15 16 17 The Total Inventory Inventory & MSI of Properties available for sale as of 1,200 December was 586, 14.2% from 683 The Total Inventory of down Properties available for last sale month as of and down 14.3% from December last 683 year. December was 684 586, in down 14.2% of from last December month and 2017 down 1,200 1,000 14.3% from 684 last compared year. December 2017 Inventory was in at December its lowest of level with December of 1,000 800 Inventory at its lowest level compared with December of 2016 and was 2015. 2016 and 2015. 16 Median Sales Price and Average Sales Price 8.0 320 310 300 290 280 270 260 250 15 350 340 330 320 310 300 290 280 270 260 250 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 15 16 17 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 Price J J A S O N D Median Sales Price and Average Sales 3 Mo Avg Prices The Median Sales Price in December was $32