MA ARCHIVED December 2017 | Page 28

Market Action Report December 2017
Community Information
Market Action Report December 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
$ 589,990
-2%
6 %
Average List Price of all Current Listings
$ 950,757
3 %
9 %
December Median Sales Price
$ 465,000
-3%
0 %
-0%
1 %
$ 475,000
3 %
4 %
December Average Sales Price
$ 575,637
-4%
2 %
-1%
2 %
$ 582,118
3 %
3 %
Total Properties Currently for Sale ( Inventory )
1,265 -25%
-24%
December Number of Properties Sold
676
-3%
-2%
9,282
1 %
December Average Days on Market ( Solds )
51
21 %
13 %
-6%
4 %
42
-13%
-14%
Asking Price per Square Foot ( based on New Listings )
$ 248
-1%
-2%
2 %
0 %
$ 251
2 %
1 %
December Sold Price per Square Foot
$ 240
0 %
2 %
3 %
4 %
$ 238
3 %
3 %
December Month ' s Supply of Inventory
1.9 -22% -22% -22% -39%
2.6
-15%
-15%
December Sale Price vs List Price Ratio
96.6 %
-. 2 % -. 4 %
. 7 %
-. 2 %
97.4 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400 December Property sales were 676 , down 2.3 % from 692 in
December of 2016 and 3.3 % lower than the 699 sales last 1,200 Property month . December Sales 2017 sales were at their lowest level 1,400
December compared Property to December sales were of 2016 676 , and down 2015 2.3 .% December from 692 in YTD sales 1,000 December of 9,282 are of 2016 running and 3.3 0.6 % lower ahead than of last the year 699 sales ' s year-to-date last sales 1,200 month of 9,227 . December . 2017 sales were at their lowest level
800 compared to December of 2016 and 2015 . December YTD sales 1,000 of 9,282 are running 0.6 % ahead of last year ' s year-to-date sales 600 of 9,227 .
800 400
600 200
400

Montgomery

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
200
0
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
0
15
16
17
Prices
The Median Sales Price in December was $ 465,000 , down 0.1 %
Prices from $ 465,500 in December of 2016 and down 3.1 % from
The
$ 480,000 Median Sales last month Price in . The December Average was Sales $ 465,000 Price in , down December 0.1 %
700 from was $ 465,500 575,637 , in down December 0.5 % from of 2016 $ 578,649 and down in 3.1 December % from of 2016
J
F M A M J
15
700
650
J
A S
Median O N D
J Sales
F M A Price M J
J and
A S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ and 480,000 down last 4.0 month % from . The $ 599,754 Average last Sales month Price . December in 2017 ASP
650 was was $ 575,637 at a mid , down range 0.5 compared % from $ to 578,649 December in December of 2016 and of 2016 2015 .
600
and down 4.0 % from $ 599,754 last month . December 2017 ASP
600
550
was at a mid range compared to December of 2016 and 2015 .
550
500
500 450
454
454 400 608 737 897 1,088 947 834 755 698 641 721 479 470 600 830 1,010 1,169 946 941 679 726 685 692 521 532 777 834 949 1,164 847 875 700 708 699 676
450
400
400
J
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 1,265 of , Properties down 25.0 available % from for 1,687 sale last of month and
3,500
December down 23.8 was % from 1,265 , 1,661 down in 25.0 December % from 1,687 of last last year month . December and
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
6.0
5.0
down 201723.8 Inventory % from was 1,661 at in its December lowest level of last compared year . December with December
3,000
2,500
5.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with December
2,500 of 2016 and 2015 .
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 December 2017 MSI of
1.91,000 higher months MSI was is better at its lowest for buyers level . The compared December with 2017 December MSI of 1.9 of 2016
500
1.0 months was at its lowest level compared with December of 2016
500 and 2015 .
0 and 2015 .
0
0.0
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 N D
15
16
17
15
16
17
4.0
3.0
2.0
1.0
0.0
1,884 2,002
2,266 400
1,884
2,002 608 737 897 1,088 947
2,645
2,266 2,924
2,645 3,008 2,919 2,738 2,898 2,810
834 755
2,924 3,008 2,919 2,738 2,898
698 641
2,810 2,353
2,353 1,920 1,814 1,833
Number of Properties Sold
721 479 470 600 830 1,010 1,169 946
2,214 1,814
2,560 1,833 2,542
2,214 2,610
2,518 2,362 2,512 2,337 2,049
1,920
941 679
2,560 2,542 2,610 2,518 2,362 2,512 2,337 726 685
2,049 1,661
1,661 1,556 1,576
1,917
692 521 532
2,158 2,276 2,352
1,556 1,576
1,917 777 834 949
2,274 2,131 2,295
2,090
3 Mo Avg
1,164 847
1,687
1,265 875 700
2,158 2,276 2,352 2,274 2,131 2,295
2,090
3 Mo Avg
708 699
1,687 1,265
676
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 .