MA ARCHIVED February 2018 | Page 24
Market Action Report
February 2018
County: Howard
HOWARD
Agent Name
Market Action Report
February 2018
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Howard
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
LM L3M PYM
LY
* LM=Last Month
/ L3M=Last Supply
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 23.3 122% 53% 64%
February
Month's
Inventory
February Sale Price vs List Price Ratio
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
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16
17
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3 Mo Avg
5
The Median Sales Price in February was $1,045,000, down
Prices
2,000
12.9%
from Sales
$1,200,000
in February
2017 and down
The
Median
Price in February
was of
$1,045,000,
down 14.6%
2,000 1,900
from from
$1,223,540
last month.
The of
Average
Sales
Price
in
12.9%
$1,200,000
in February
2017 and
down
14.6%
1,900 1,800
February
was $1,050,140,
11.0% from
in
from
$1,223,540
last month. down
The Average
Sales $1,180,000
Price in
February was
of $1,050,140,
2017 and down
12.1%
last
February
down
11.0% from
from $1,195,211
$1,180,000
in month. 1,800 1,700
1,700 1,600
February of 2018
was at 12.1%
the lowest
level compared
to
February
2017 ASP
and down
from $1,195,211
last month.
1,600 1,500
February 2018
of 2017
February
ASP and
was 2016.
at the lowest level compared to
1,500 1,400
February of 2017 and 2016.
1,400 1,300
1,300 1,200
1,200 1,100
1,100 1,000
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
120%
60%
Inventory / New Listings / Sales
140
60.0 60.0 0
40.0 40.0 20 20.0 20.0 0 0.0 0.0
M A M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
D A J M F J M J A A M S J O J N A D S J O F N D J F
15 15
16
17
18
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Copyright ©
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
24
| Coldwell
coldwellbankerluxury.com
Copyright
© Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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
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.
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.
20
80.0 80.0 40
100.0 100.0 60
120.0
80
100
120
Total Inventory & Month's Supply of Inventory (MSI)
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 25, up 150.0% from 10 last month and up
108.3% from 12 in February of last year.
120.0
40
95.1%
94.7%
80%
Inventory / New Listings / Sales
Inventory & MSI
The Total Inventory of Properties available for sale as of
60
100.4%
100%
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
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16
17
18
Total Inventory & Month's Supply of Inventory (MSI)
80
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
0%
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
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The Total Inventory of Properties available for sale as of
February was 70, up 11.1% from 63 last month and up 22.8% 140 140
February was 70, up 11.1% from 63 last month and up 22.8%
from 57 57 in in
February
year.
February
2018
Inventory
from
February
of of
last last
year.
February
2018
Inventory
was was 120 120
mid level
level
compared
with
February
of 2017
2016.
at at a a mid
compared
with
February
of 2017
and and
2016.
100 100
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 95.1% was down from 97.6% last month and up
from 94.7% in February of last year.
20%
Inventory & MSI
comparatively
lower
MSI
is more
beneficial
for sellers
a 40
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
February
2018
of 23.3
higher
is is
better
for for
buyers.
The The
February
2018
MSI MSI
of 23.3
months
at at
its its
highest
level
compared
with with
February
of 2017
months was
was
highest
level
compared
February
of 2017 20
0
and
and 2016.
2016.
155
149
40%
M A 15
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 J F
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16
17
18
60
3 Mo Avg
234
1,000
80
300
280
260
240
220
200
180
160
140
120
100
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
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17
18
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
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Median
Sales Price and Average
Sales Price
Prices
7
0
2 2
4
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $155 was
down 38.6% from $253 last month and up 4.4% from 149 in
February of last year.
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
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16
17
18
4
6 6
8 8
0
0
10
10
79
67
20
12
12
80
40
3 Mo Avg
Number of Properties Sold
14
2017 and 2016. February YTD sales of 9 are running 12.5%
ahead of last year's year-to-date sales of 8.
16
February Property sales were 3, down 25.0% from 4 in February
of 2017 and
50.0% lower than the 6 sales last month. February
Property
Sales
16
2018 sales
were at
their
lowest
level 25.0%
compared
February
February
Property
sales
were
3, down
from to
4 in
February of
14
2017
and
2016.
February
YTD
sales
of
9
are
running
12.5%
of 2017 and 50.0% lower than the 6 sales last month. February
ahead
of last
year-to-date
of 8. to February of
2018
sales
were year's
at their
lowest level sales
compared
100
60
12%
-4%
23%
11%
3%
54%
16.9
17%
11%
95.1% -2.6% -.6% .4% Number
.8%
5% Sold 3%
of 96.8%
Properties
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property Sales
86%
86 -15%
-14%
9 $201
13% 8%
86 $229
-15% 19% 12%
-16%
8% 17% -4%
54% $201 16.9
19% 5% 23%
.8% $229 96.8%
120
February
per
Foot Ratio
February Sold
Sale Price
Price
vs Square
List Price
-7%
13% -7%
143
140
Asking
Price
per Square
Foot of (based
on New Listings)
February
Month's
Supply
Inventory
-8%
9
-7%
-7%
-7%
160
February
Days per
on Square
Market Foot
(Solds)
February Average
Sold Price
$1,100,000
$1,146,854
-8%
-7%
180
Asking Price
per of
Square
Foot Sold
(based on New Listings)
February
Number
Properties
-12% $1,100,000
-15% $1,146,854
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 143, up 150.9% from
57 days last month and up 81.0% from 79 days in February of
last year. The February 2018 DOM was at a mid level compared
with February of 2017 and 2016.
3 Mo Avg
200
February
Average
Days on
(Solds)
Total
Properties
Currently
for Market
Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
Market Time
February Average
Number
of Properties
Sold
February
Sales
Price
YTD
YTD
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
Total Properties
Currently
February
Median Sales
Price for Sale (Inventory)
Title
Phone
Website
Other
February
Price Listings
Average
List Average
Price of Sales
all Current
Agent Name
Market Profile & Trends Overview
February
Price Listings
Median
List Median
Price of Sales
all Current
HOWARD
County: Howard
Community Information
$1,202,500 1%
0%
$1,524,841 Trending
-2% versus*:
10%
Month
LM L3M PYM
LY
$1,045,000
$1,202,500
1% -15% -5%
0% -13%
$1,050,140
$1,524,841
-2% -12% -8%
10% -11%
70 11%
$1,045,000 -15%
-5% -13% 23%
-12%
3 -50%
$1,050,140 -12%
-8% -11% -25%
-15%
70 143
11% 151% 66%
23% 81%
3 $180
-50% -33% -10%
-25% 3%
143 $155
151% -39%
66% -18%
81% 4%
86%
$180 23.3
-33% 122%
-10% 53%
3% 64%
-14%
$155 95.1%
-39% -2.6%
-18% -.6%
4% .4%
-16%
Average List Price of all Current Listings
February 2018
Market Profile & Trends Overview
Listings
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
Market Action Report
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
16
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18
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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.
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