market action report - city_ madison - may2011
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8/6/2019 Market Action Report - City_ Madison - May2011
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May 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year
Median List Price of all Current Listings
Average List Price of all Current Listings
May Median Sales Price
May Average Sales Price
Total Properties Currently for Sale (Inventory)
May Number of Properties Sold
May Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
May Sold Price per Square Foot
May Month's Supply of Inventory
May Sale Price vs List Price Ratio
Property Sales
Prices
Inventory & MSIThe Total Inventory of Properties available for sale as of
f l h d d
Trending versus*:
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Number of Properties Sold
May Property sales were 20, down 16.7% from 24 inMay of 2010 and 4.8% lower than the 21 sales last
month. May 2011 sales were at their lowest level
compared to May of 2010 and 2009. May YTD sales
of 78 are running 15.2% behind last year's year-to-
date sales of 92.
$270
92.3%
$264
$227
14.9
$224
136
Total Inventory & Month's Supply of Inventory (MSI)
The Median Sales Price in May was $465,000, up
29.7% from $358,500 in May of 2010 and up 2.2%
from $455,000 last month. The Average Sales Price
in May was $696,062, up 65.7% from $420,064 inMay of 2010 and up 32.6% from $524,755 last month.
May 2011 ASP was at the highest level compared to
May of 2010 and 2009.
$609,151
20
MARKET ACTION REPORT
149
94.6%
$574,900
$842,109
$465,000
$696,062
277
Trending versus*:
$417,500
City: Madison
Median Sales Price and Average Sales Price
78
13.9
Month YTD
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Median means Middle (the same # of properties sold above and below the Median)
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
300
350 60
(000's)
3 Mo Avg
3 Mo Avg
Lorey and Meig WalzRealtor
203-619-4029
203-996-7209
8/6/2019 Market Action Report - City_ Madison - May2011
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May 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Market Time
Selling Price per Square Foot
Selling Price vs Original Listing Price
Inventory / New Listings / Sales
MARKET ACTION REPORT
Days On Market for Sold Properties
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 May
2011 Selling Price per Square Foot of $224 was down
3.7% from $233 last month and down 0.9% from 226 in
May of last year.
Selling Price per Square Foot
City: Madison
Selling Price versus Listing Price Ratio
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
May was 149, up 47.5% from 101 days last month and up
30.7% from 114 days in May of last year. The May 2011
DOM was at a mid level compared with May of 2010 and2009.
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 May 2011 Selling Price vs Original List Price of
94.6% was down from 96.2% last month and up from
94.5% in May of last year.
Inventory / New Listings / Sales
83
114
149
50
70
90
110
130
150
170
190
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Average Days on Market (Listing to Contract) for properties sold during the month
182
226 224
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Average Selling Price per Square Foot for properties that sold during the month
94.1%94.5% 94.6%
90%
91%92%
93%
94%
95%
96%
97%
98%
99%
100%
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
350 Inventory New Listings Sales
3 Mo Avg
3 Mo Avg
3 Mo Avg
Lorey and Meig WalzRealtor
203-619-4029
203-996-7209
8/6/2019 Market Action Report - City_ Madison - May2011
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May 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Inventory / Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in May 2011 was 61, down
19.7% from 76 last month and down 1.6% from 62 in May of last year.
City: Madison
he 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.
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHmData is provided courtesy of Connecticut Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
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Inventor New Listin s Sales
Lorey and Meig Walz
Realtor
203-619-4029
203-996-7209