MA ARCHIVED December 2017 | Page 43

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

County : Sussex

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
$ 334,990
-0%
3 %
Average List Price of all Current Listings
$ 479,771
-1%
4 %
December Median Sales Price
$ 279,500
5 %
0 %
-3%
4 %
$ 280,000
2 %
4 %
December Average Sales Price
$ 378,832
8 %
0 %
-1%
5 %
$ 375,149
4 %
4 %
Total Properties Currently for Sale ( Inventory )
1,896
-7%
-16%
December Number of Properties Sold
292
2 %
-8%
3,450
13 %
December Average Days on Market ( Solds )
105 -13% -9%
-9%
-20%
120
-9%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 184
5 %
-2%
14 %
3 %
$ 185
3 %
3 %
December Sold Price per Square Foot
$ 168
3 %
-3%
-2%
2 %
$ 170
3 %
3 %
December Month ' s Supply of Inventory
6.5
-9%
-7%
-9%
-38%
8.0
-23%
-23%
December Sale Price vs List Price Ratio
98.9 %
4.7 % 3.3 % 1.9 % 3.5 %
95.6 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
400
December Property sales were 292 , down 7.9 % from 317 in
December of 2016 and 1.7 % higher than the 287 sales last
Property Sales month . December 2017 sales were at a mid level compared to
400
December Property sales were 292 , down 7.9 % from 317 in
December of 2016 and 2015 . December YTD sales of 3,450 are
December of 2016 and 1.7 % higher than the 287 sales last
350 month running . December
13.2 % ahead 2017 of sales
last were
year at
' s a
year-to-date mid level compared
sales of to
3,047 .
300
December of 2016 and 2015 . December YTD sales of 3,450 are running 13.2 % ahead of last year ' s year-to-date sales of 3,047 .
250
350
300
250
200
Number of Properties Sold
3 Mo Avg
200
150
150
100
100
50
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
Prices
The Median Sales Price in December was $ 279,500 , down 3.0 %
Prices from $ 288,000 in December of 2016 and up 4.7 % from
The
$ 266,950
Median last Sales month
Price . in The December
Average was Sales
$ 279,500 Price in
, down December
3.0 % was
450 from $ 288,000 in December of 2016 and up 4.7 % from
$ 378,832 , down 1.4 % from $ 384,385 in December of 2016 and
$ 266,950 last month . The Average Sales Price in December was up 8.0 % from $ 350,640 last month . December 2017 ASP was
$ 378,832 , down 1.4 % from $ 384,385 in December of 2016 and
400 at a mid range compared to December of 2016 and 2015 . up 8.0 % from $ 350,640 last month . December 2017 ASP was at
J
F M A M J
15
450
400
350
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
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
a mid range compared to December of 2016 and 2015 .
350
300
300 250
198 177 210 241 259 264 263 278 262 307 221 260 179 166 217 246 252 317 240 278 295 310 230 317 212 210 292 270 365 349 262 325 288 298 287 292
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 M16A 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 1,896 of Properties , down 7.0 % available from 2,039 for sale last as month of and
3,500
December was 1,896 , down 7.0 % from 2,039 last month and
3,500
16.0 down 16.0 % from 2,257 in December of last year . December
3,000 down 16.0 % from 2,257 in December of last year . December
3,000
14.0
2017 Inventory was at its lowest level compared with December
2017 Inventory was at its lowest level compared with December
2,500 of 2016 and 2015 .
2,500
12.0 of 2016 and 2015 .
2,000
10.0
2,000
1,500
8.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
1,000 higher higher MSI
MSI is is better
better for
for buyers
buyers . The
. The December
December 2017
2017 MSI
MSI of 6.5
of 6.5
4.0 months months was was at at its its lowest lowest level level compared compared with with December December of 2016 of
2016500
500
2.0 and and 2015 2015 . .
0
0
0.0
J
F
MJ
AF M JA
MJ AJ
SJ OA NS DO
JNF DM JA FM MJ
AJ MA JS
OJ NA DS OJ
FN MD AJ
MF JM JAAM S JO JN AD
S O N D
15
15
16
16
17
17
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con

Sussex

198 177
2,430 2,504
2,546 2,430 2,629 2,669
Agent Name

Community Information

210
Title Phone Website Other
241 259
2,822 2,914 2,821 2,801 2,768 2,630 2,468 2,448 2,465
2,504 2,546 2,629 2,669
Number of Properties Sold
2,530 2,598 2,656 2,683 2,681 2,621 2,599 2,520 2,383 2,257 2,220 2,245 2,288 2,342 2,367 2,375 2,278 2,308 2,276 2,163 2,039 1,896
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
264 263 278 262 307 221
2,822 2,914 2,821 2,801 2,768 2,630 260 179 166 217
2,468 2,448 2,465 2,530
246 252 317 240 278 295
2,598 2,656 2,683 2,681 2,621 2,599 2,520 310 230 317 212 210 292 270 365 349 262 325
2,383 2,257 2,220 2,245 2,288 2,342 2,367 2,375 2,278 2,308 2,276 2,163 c o l d w e l l b a n k e r h o m e s . c o m | 43
288
3 Mo Avg
298
2,039
1,896 287 292
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0