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Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
Prior YTD |
Prior Year |
Median List Price of all Current Listings |
$ 245,450 |
4 % |
16 % |
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Average List Price of all Current Listings |
$ 269,639 |
4 % |
15 % |
|||||
March Median Sales Price |
$ 185,000 |
5 % |
1 % |
12 % |
6 % |
$ 180,000 |
10 % |
3 % |
March Average Sales Price |
$ 193,814 |
5 % |
0 % |
8 % |
5 % |
$ 191,494 |
10 % |
3 % |
Total Properties Currently for Sale ( Inventory ) |
1,296 -10% |
-23% |
||||||
March Number of Properties Sold |
377 |
22 % |
7 % |
968 |
9 % |
|||
March Average Days on Market ( Solds ) |
71 |
-9% |
-3% -18% |
-9% |
73 |
-18% |
-6% |
|
Asking Price per Square Foot ( based on New Listings ) |
$ 120 |
3 % |
3 % |
12 % |
9 % |
$ 117 |
9 % |
6 % |
March Sold Price per Square Foot |
$ 107 |
2 % |
2 % |
11 % |
6 % |
$ 106 |
12 % |
5 % |
March Month ' s Supply of Inventory |
3.4 -27% -23% -28% -27% |
4.5 |
-23% |
-5% |
||||
March Sale Price vs List Price Ratio |
95.9 %
1.5 %
|
. 6 % |
. 3 % |
. 3 % |
95.1 % |
0 % |
-1% |
Property Sales |
500 |
|
March Property sales were 377 , up 7.1 % from 352 in March of
2016 and 22.4 % higher than the 308 sales last month . March
|
450 |
|
Property
2017 sales Sales were at their highest level compared to March of 2016
500
|
400 |
|
March and 2015 Property . March sales YTD were sales 377 , of up 968 7.1 % are from running 352 in 9.3 March % ahead of of
450
2016 last and year 22.4 ' s year-to-date % higher than sales the of 308 886 sales . last month . March
2017 sales were at their highest level compared to March of 2016
400
|
350
300
|
|
and 2015 . March YTD sales of 968 are running 9.3 % ahead of |
350 |
250 |
last year ' s year-to-date sales of 886 . |
300 |
200 |
200 |
100 |
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150 |
50 |
|||||||||||||
100 |
0 |
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50 |
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 M |
|
0 |
14 |
15 |
16 |
17 |
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Prices
The Median Sales Price in March was $ 185,000 , up 12.3 % from
Prices
$ 164,750 in March of 2016 and up 5.1 % from $ 176,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 185,000 was , up $ 193,814 12.3 % from , up
200
$
8.3 164,750 % from in March $ 179,006 of 2016 in March and up of 5.1 2016 % from and $ up 176,000 4.8 % from last month . The Average Sales Price in March $ 193,814 , up
190
$ 184,891 last month . March 2017 ASP was at the highest level
8.3 % from $ 179,006 in March of 2016 and up 4.8 % from
180 compared to March of 2016 and 2015 .
$ 184,891 last month . March 2017 ASP was at the highest level
170 compared to March of 2016 and 2015 .
160
150
140
130
120
110
100
|
A
M J
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
14
15
16
17
3 Mo Avg
200
Median Sales Price and Average Sales Price
190
3 Mo Avg
180
170
160
150
140
130
120
110
100
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 M
A
M
14 J
J
A S O N D
J
F M
15 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
|
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14 |
15 |
16 |
17 |
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Inventory & MSI |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
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Inventory
The Total Inventory & MSI of Properties available for sale as of March
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 1,296 Inventory , down 10.5 of Properties % from 1,448 available last month for sale and as of down March 22.6 %
2,500 was from 1,296 1,675 , down in March 10.5 % of from last 1,448 year . last March month 2017 and Inventory down 22.6 was % at
2,500
9.0
2,000 from its lowest 1,675 in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at
8.0
2,000 its lowest level compared with March of 2016 and 2015 .
7.0
1,500
6.0
1,500
5.0
1,000
A comparatively lower MSI is more beneficial for sellers while
4.0
1,000 a
A comparatively lower MSI is more beneficial for sellers while a
3.0 higher MSI is better for buyers . The March 2017 MSI of 3.4
500 higher MSI is better for buyers . The March 2017 MSI of 3.4
500
2.0 months was at its lowest level compared with March of 2016 and months was at its lowest level compared with March of 2016 and
1.0
2015 .
0
2015 .
0
0.0
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 M
M J
F M A M J
F M A M J
F M
14
15
16
17
|
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
|