MA ARCHIVED December 2017 | Page 40

Market Action Report December 2017
Community Information
Market Action Report December 2017

County : Worcester

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
$ 290,000
-3%
5 %
Average List Price of all Current Listings
$ 374,681
-2%
8 %
December Median Sales Price
$ 245,200
8 %
2 %
9 %
7 %
$ 239,000
6 %
4 %
December Average Sales Price
$ 262,046
-0%
-5%
5 %
-1%
$ 273,711
4 %
4 %
Total Properties Currently for Sale ( Inventory )
939
-4%
-19%
December Number of Properties Sold
172
4 %
4 %
2,139
13 %
December Average Days on Market ( Solds )
93 -23% -19% -39% -36%
125
-14%
-14%
Asking Price per Square Foot ( based on New Listings )
$ 224
-7%
-4%
8 %
2 %
$ 229
4 %
4 %
December Sold Price per Square Foot
$ 197
2 %
-4%
-1%
0 %
$ 206
5 %
5 %
December Month ' s Supply of Inventory
5.5
-8%
-0% -22% -39%
6.5
-28%
-28%
December Sale Price vs List Price Ratio
94.7 %
1.8 % 1.2 % 3.4 % 2.4 %
93.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
December Property sales were 172 , up 4.2 % from 165 in
December of 2016 and 4.2 % higher than the 165 sales last
Property month . December Sales 2017 sales were at their highest level
300
250
December compared Property to December sales were of 2016 172 , and up 4.2 2015 % from . December 165 in YTD sales
December of 2,139 are of 2016 running and 4.2 13.0 %% higher ahead than of last the year 165 ' sales s year-to-date last sales
250 month of 1,893 . December . 2017 sales were at their highest level compared to December of 2016 and 2015 . December YTD sales
200 of 2,139 are running 13.0 % ahead of last year ' s year-to-date sales
200
150
of 1,893 .
150
100

Worcester

Agent Name
Title Phone Website Other

Community Information

100 50
Number of Properties Sold
107 104 128 153 189 164 147 142 149 172 118 152 110 96 114 190 201 201 174 141 183 180 138 165 97 113 195 234 241 205 177 170 172 198 165 172
1,445 1,488 1,526 1,594 1,608 1,595 1,590 1,561 1,516 1,502 1,395 1,313 1,289 1,375
J
15
107 104 128 153 189 164 147 142 149 172 118
J A S O N D J 16
Number of Properties Sold
50 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 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 $ 245,200 , up 9.0 % 300
Prices from $ 224,900 in December of 2016 and up 8.0 % from Median Sales Price and Average Sales Price
3 Mo Avg The $ 227,000 Median last Sales month Price . in The December Average was Sales $ 245,200 Price in , up December 9.0 % was
290
300 from $ 262,046 $ 224,900 , up in 5.4 December % from $ 248,657 of 2016 and in December up 8.0 % from of 2016 and 280 $ 227,000 last month . The Average Sales Price in December was
290
down 0.2 % from $ 262,522 last month . December 2017 ASP was 270 $ 262,046 , up 5.4 % from $ 248,657 in December of 2016 and 280 at a mid range compared to December of 2016 and 2015 . 260 down 0.2 % from $ 262,522 last month . December 2017 ASP was 270
250 at a mid range compared to December of 2016 and 2015 . 260
240 250
230 240
220 230
210
220 210
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The December Total Inventory was 939 of , down Properties 4.3 % available from 981 for last sale month as of and down 1,800
16.0
December 18.6 % from was 1,154 939 , in down December 4.3 % from of last 981 year last month . December and down 2017 1,8001,600
16.0 14.0
18.6 Inventory % from 1,154 was at in its December lowest level of last compared year . December with December 2017 of 1,6001,400
14.0 12.0
Inventory 2016 and was 2015 at . its lowest level compared with December of 1,4001,200
12.0 10.0
2016 and 2015 . 1,2001,000
10.0 1,000
8.0 800
8.0
A comparatively lower MSI is more beneficial for sellers while a
800 600 6.0
6.0
A comparatively lower MSI is more beneficial for sellers while a 600 higher MSI is better for buyers . The December 2017 MSI of 5.5 400
4.0 higher MSI is better for buyers . The December 2017 MSI of 5.5 400 4.0 months was at its lowest level compared with December of 2016 200 2.0 months was at its lowest level compared with December of 2016 200 2.0 and 2015 . 0
0.0 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
F M A J F M A M J
F M A M J J A S O N D 15
16
17
1,445 1,488 1,526 1,594 1,608 1,595 1,590 1,561 1,516 1,502
1,395 152 110 96 114 190 201 201 174 141 183
1,439 1,442 1,413 1,384 1,365 1,352 1,328 1,321 1,251 1,154 1,158 1,144
J A S O N D J 17
180
1,313 1,289 1,375 1,439 1,442 1,413 1,384 1,365 1,352 1,328 1,321 1,251 138 165 97 113 195 234 241 205
1,165 1,165 1,169 1,102 1,098 1,070 1,062 997 981 939
3 Mo Avg
177 170 172 198
1,154 1,158 1,144 1,165 1,165 1,169 1,102 1,098 1,070 1,062 997 981 939
3 Mo Avg
165 172
40 | 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 .