MA ARCHIVED April 2016 | Page 27

Market Action Report

April 2016

Kent

County: Kent

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con

Days On Market for Sold Properties
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 769, up from 0 days last
month and up from 0 days in April of last year. The April 2016
DOM was at its lowest level compared with April of 2015 and
2014.

3 Mo Avg

1,200
1,000
769

800
600
400
200
0

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Selling Price per Square Foot

Selling Price per Square Foot

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 April 2016 Selling Price per Square Foot of $300 was up
from $0 last month and up from 0 in April of last year.

3 Mo Avg

950
850
750
650
550
450
350

300

250
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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

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 April 2016 Selling Price vs Original List
Price of 80.3% was up from 0.0% last month and up from 0.0%
in April of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

140%
120%
100%

80.3%

80%
60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

40

15

14

12

12

17

23

28

10

23

30

29

24

19

19

22

24
20

15

29

29

32

34

33

28

28

23

23

22

26

28

32

33

33

25

20

30

25

34

30

37

35
33

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 2016 was 3, equal to 3 last month and down 25.0% from
4 in April of last year.

5
0
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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
does not warrant or guarantee the 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.

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