MA ARCHIVED February 2018 | Page 38

FREDERICK

Community Information
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
$ 1,290,000
-8%
-0%
Average List Price of all Current Listings
$ 1,546,344
-4%
10 %
February Median Sales Price
$ 1,000,000
-28% -11%
-13%
$ 1,280,000
14 %
11 %
February Average Sales Price
$ 1,000,000
-28% -15%
-22%
$ 1,260,000
0 %
-2%
Total Properties Currently for Sale ( Inventory )
16
14 %
23 %
February Number of Properties Sold
1 -50%
3
0 %
February Average Days on Market ( Solds )
78 -47% -5%
-43%
123
0 %
-10%
Asking Price per Square Foot ( based on New Listings )
$ 163
13 % -16% -25% -40%
$ 159
-25%
-41%
February Sold Price per Square Foot
$ 490
185 % 49 %
133 %
$ 331
0 %
58 %
February Month ' s Supply of Inventory
16.0
129 % 50 %
0 %
-12%
11.5
0 %
-37%
February Sale Price vs List Price Ratio
83.3 % -14.2% -11.3%
-11.7%
92.5 %
0 %
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
3 Mo Avg
Property Sales February Property sales were 1 , up from 0 in February of 2017 and 50.0 % lower than the 2 sales last month . February 2018 sales were at their highest level compared to February of 2017 and 2016 . February YTD sales of 3 are running ahead of last year ' s year-to-date sales of 0 .
Prices The Median Sales Price in February was $ 1,000,000 , up from $ 0 in February of 2017 and down 28.1 % from $ 1,390,000 last month . The Average Sales Price in February was $ 1,000,000 , up from $ 0 in February of 2017 and down 28.1 % from $ 1,390,000 last month . February 2018 ASP was at the highest level compared to February of 2017 and 2016 .
Number of Properties Sold
5 4 4 3 3 2 2 1 1 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 15
16 17
18
Median Sales Price and Average Sales Price
3 Mo Avg
1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000
3 Mo Avg
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
17
18
0 0 1 0 4 0 1 0 1 2 0 0 1 1 0 1 1 1 1 0 3 1 0 0 1 0 3 2 1 0 0 1 1 2 2 1
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of February was 16 , up 14.3 % from 14 last month and up 23.1 % from 13 in February of last year . February 2018 Inventory was at a mid level compared with February of 2017 and 2016 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2018 MSI of 16.0 months was at its highest level compared with February of 2017 and 2016 .
35 30 25 20 15 10 5 0
Total Inventory & Month ' s Supply of Inventory ( MSI )
35
35.0
30
30.0
25
25.0
20
20.0
15
15.0
10
10.0
5
5.0
0
0.0
M
A
M AJ
MJ AJ
SJ
OA NS DO JN FDMJ
AF MJ
AJ
MA JS JO AN SD OJ
NF MD AJ
MF MJ JA AM SJ
OJ
NA DS J
OF N D J
F
15
15
16
16
17
17
18
18
22
20
28
22
29 28
20
26
29
27
27
26 27 27
27
23
27
22
23
22
21 21
21
20
25
21
27
30
20
31
25
33
27
31
30
31
26
33
24
31
21
26
15
24
13
21
16
15
14
22
13
25
16
29
14
26 26 25
22
29
29
26
24
18
26
14
29
16
24
18
14
16
35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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