| | | County: Suffolk | April 2014 |
| | | Property Type: Single Family Home | Price $0 to $999,999,000 | | | | Trending Versus*: | Trending Versus*: | | Market Profile & Trends Overview | Month | LM | L3M | PYM | LY | YTD | PriorYTD | PriorYear | | Median List Price of all Current Listings | $391,000 | 3% | | 9% | | | | | | Average List Price of all Current Listings | $581,936 | 2% | | 13% | | | | | | April Median Sales Price | $315,000 | 0% | -1% | 2% | -5% | $318,000 | 1% | -4% | | April Average Sales Price | $392,735 | 2% | -1% | 5% | -3% | $395,698 | 6% | -2% | | Total Properties Currently for Sale (Inventory) | 10121 | 7% | | 11% | | | | | | April Number of Properties Sold | 670 | 4% | | -7% | | 2637 | -1% | | | April Average Days on Market (Solds) | 142 | 6% | 7% | -7% | 13% | 133 | -8% | 6% | | April Month's Supply of Inventory | 15.1 | 4% | 4% | 19% | 43% | 14.0 | 6% | 32% | | April Sale Price vs List Price Ratio | 95.6% | 0.8% | 1% | 1% | 0.8% | 94.4% | 1.0% | 0.0% |
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) |
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| | | To View Recently Sold Homes and Additional Information, Click Here. | | | Property Sales | | April property sales were 670, down from 722 in April of 2013 and 3.6% higher than the 647 sales last month. April 2014 sales were at a mid level compared to April of 2013 and 2012. April YTD sales of 2,637 are running -0.5% behind last year's year-to-date sales of 2,651. |
| | | Prices | | The median sales price in April was $315,000, up 1.6% from $310,000 in April of 2013 and equal to $315,000 last month. The average sales price in April was $392,735, up 5.3% from $373,066 in April of 2013 and up 2.0% from $385,040 last month. April 2014 ASP was at highest level compared to April of 2013 and 2012. |
| | | Inventory & MSI | The total inventory of properties available for sale as of April was 10,121, up 7.4% from 9,424 last month and up 10.5% from 9,157 in April of last year. April 2014 Inventory was at a mid range compared to April of 2013 and 2012.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2014 MSI of 15.1 months was at a mid range compared with April of 2013 and 2012. |
| | | Market Time | | 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 April was 142, up from 134 days last month and down from 153 days in April of last year. The April 2014 DOM was at a mid range compared with April of 2013 and 2012. |
| | | Selling Price vs Listing Price | | The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their 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 April 2014 selling price vs list price of 95.6% was up from 94.8% last month and up from 94.9% in April of last year. |
| | | 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 basic annual seasonality of the market as well as the relationship between these items. The number of new listings in April 2014 was 2354, up 11.1% from 2,119 last month and up 1.1% from 2,329 in April of last year. |
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Based on information from Multiple Listing Service of Long Island for the period 2/18/2008 through 4/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated. |   |
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