Market Report Statistics
Market Report Statistics 30A East
Market report statistics look fantastic for the month of October, 2016 with most vital metrics moving up.
- Absorption rate year-over-year is up just a bit 2.83% to 8.35 months vs. 8.12 month last October. Year-to-date the number is almost even at 8.4 months of inventory.
- Average list price year-over-year is up 13.88% to $1,639,902 from $1,440,020 and year-to-date has risen 14.34% to $1,365,078 vs. $1,193,880. Average sale price jumped year-over-year 9.87% to $1,086,292 from $988,685 and year-to-date is up 3.93% at $1,022,704 from $984,019.
- Median list price grew 27.92% to $1,150,000 from $899,000 year-over-year. Year-to-date the price has climbed 14.45% to $875,000 from $764,500. Median sale price increased 21.40% year-over-year to $766,930 from last October’s $631,750 and year-to-date rose 5.26% to $700,000 against last year’s $665,000.
- Average days on market fell 11.84% year-over-year to 134 days vs. 152 days.
- Median days on market is down 36.08% to 62 against 97 days.
Market Volume Statistics
- Sales volume is slightly down by 4.1% year-over-year with 71 vs. 74 and year-to-date is up 3.7% with 785 against 757 sales.
- Pending sales fell 7.7% year-over-year with 60 vs. 65 last October. Year-to-date we are down 2.75% with 796 vs. 818 last year.
- Active listings are up 9.2% year-over-year with 641 listings vs. 587 last October and year-to-date has risen 5.2% to 1758 vs. 1671.
- New listings jumped 18.1% with 85 vs. last October’s 72 new listings. Year-to-date the market is up 5.5% with 1208 total against last year’s 1145 new listings.
Summary Statistics | ||||||
Oct-16 | Oct-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
Absorption Rate | 8.35 | 8.12 | 2.83 | 8.4 | 8.33 | 0.84 |
Average List Price | $1,639,902 | $1,440,020 | 13.88 | $1,365,078 | $1,193,880 | 14.34 |
Median List Price | $1,150,000 | $899,000 | 27.92 | $875,000 | $764,500 | 14.45 |
Average Sale Price | $1,086,292 | $988,685 | 9.87 | $1,022,704 | $984,019 | 3.93 |
Median Sale Price | $766,930 | $631,750 | 21.40 | $700,000 | $665,000 | 5.26 |
Average CDOM | 134 | 152 | -11.84 | 143 | 180 | -20.56 |
Median CDOM | 62 | 97 | -36.08 | 78 | 90 | -13.33 |