MA ARCHIVED April 2016 | Page 7

Market Action Report

County: Anne Arundel

April 2016

Anne Arundel
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 111, down 25.0% from
148 days last month and down 27.0% from 152 days in April of
last year. The April 2016 DOM was at a mid level compared with
April of 2015 and 2014.

3 Mo Avg

300
250
200
152

150

111

94

100
50
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 $338 was up
51.5% from $223 last month and down 9.3% from 372 in April of
last year.

3 Mo Avg

500
450
400

372
338

350
290

300
250
200

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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 88.7% was down from 89.2% last month and down from
90.1% in April of last year.

3 Mo Avg

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

100%
95%

90.9%

90.1%

88.7%

90%
85%
80%
75%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

228
190

169

154

178

157

222

207

219

207

218

217

201
173
147

162

151

192

221

219

255

249

226

209
167

158

148

195

192

174

152

100

189

150

223

200

206

250

233

300

213

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 70, up 12.9% from 62 last month and up 42.9%
from 49 in April of last year.

50
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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