MA ARCHIVED December 2017 | Page 36

Market Action Report December 2017
Community Information
Market Action Report December 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 %
10 %
Average List Price of all Current Listings
$ 963,519
1 %
6 %
December Median Sales Price
$ 492,500
34 %
32 %
70 %
64 %
$ 329,900
10 %
10 %
December Average Sales Price
$ 687,391
13 %
18 %
38 %
49 %
$ 500,995
8 %
9 %
Total Properties Currently for Sale ( Inventory )
363 -14%
5 %
December Number of Properties Sold
48
20 %
-8%
639
10 %
December Average Days on Market ( Solds )
100 -22% -9% -29% -26%
106
-23%
-22%
Asking Price per Square Foot ( based on New Listings )
$ 193
-4% -10% 35 %
-11%
$ 216
0 %
0 %
December Sold Price per Square Foot
$ 205
7 %
14 %
7 %
14 %
$ 179
-1%
0 %
December Month ' s Supply of Inventory
7.6 -28% -14% 13 %
-21%
8.0
-16%
-16%
December Sale Price vs List Price Ratio
90.1 %
1.1 % -. 6 % 1.5 % 1.6 %
91.0 %
3 %
3 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
38 26 42 50 50 41 59 55 43 59 46 40 45 41 43 51 39 47 61 48 56 54 43 52 45 33 48 45 59 80 55 75 58 53 40 48
431
J 15

Talbot

432
38 26
544
486 431 432
42
Agent Name
Title Phone Website Other

Community Information

50 50 41 59 55 43
486 561
574 544
568 561
557 574
545 568 527 557
492
545 59 46
J A S O N D J 16
40
Number of Properties Sold
Property Sales
90
December Property sales were 48 , down 7.7 % from 52 in
December of 2016 and 20.0 % higher than the 40 sales last
80
Number of Properties Sold
3 Mo Avg
Property month . December Sales 2017 sales were at a mid level compared to
90
70
December Property of 2016 sales and were 2015 . 48 December , down 7.7 % YTD from sales 52 in of 639 are
December of 2016 and 20.0 % higher than the 40 sales last
80 running 10.2 % ahead of last year ' s year-to-date sales of 580 .
60
month . December 2017 sales were at a mid level compared to December of 2016 and 2015 . December YTD sales of 639 are running 10.2 % ahead of last year ' s year-to-date sales of 580 .
70
60
50
40
50
30
40
20
30
10
20
0
10
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
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
Prices
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
The Median Sales Price in December was $ 492,500 , up 70.3 %
700
Prices from $ 289,125 in December of 2016 and up 34.4 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 366,340 Median last Sales month Price . in The December Average was Sales $ 492,500 Price in , up December 70.3 % was
650
700 from
$ 687,391 $ 289,125 , up in 38.3 December % from $ of 497,087 2016 and in up December 34.4 % from of 2016 and up
600 $ 366,340 last month . The Average Sales Price in December
650
12.8 % from $ 609,308 last month . December 2017 ASP was at
550
$ 687,391 , up 38.3 % from $ 497,087 in December of 2016 and up
600 the highest level compared to December of 2016 and 2015 .
500
12.8 % from $ 609,308 last month . December 2017 ASP was at
550
450 the highest level compared to December of 2016 and 2015 .
500
400
450
350
400
300
350
250
300
250
200
200
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
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 363 of , down Properties 14.0 % available from 422 for last sale month as of and up
December
4.6 % from was 347 363 in , December down 14.0 % of from last 422 year last . December month and 2017 up
700
4.6
Inventory % from 347 was in at December a mid level of last compared year . December with December 2017 of
2016600
Inventory and 2015 was . at a mid level compared with December of 2016
500 and 2015 .
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 December for sellers 2017 while MSI of a 7.6
200 higher months MSI was is better at a mid for level buyers compared . The December with December 2017 MSI of of 2016 7.6 and months was at a mid level compared with December of 2016 and
100
2015 .
2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
600
18.0
16.0
500
14.0
400
12.0
300
10.0
8.0
200
6.0
100
4.0
2.0
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
F M A J
F M A M J
F M A M J
J A S O N D
15
16
17
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
45 41 43 51 39 47 61 48
434 527
403 492
399
434 436 403 482 399 515 436
515
519 482
500 515
477 515
445 519
406 500
347 477
331 445
346 406
388 347
331 414 346
445 460 388 457 414
430 445
436 460
435 457
422 430
363 436
56
J A S O N D J
17
54 43 52 45 33 48 45 59 80 55 75
435 58
422
3 Mo Avg
53
363 40 48
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 .