MA ARCHIVED April 2017 | Page 17

Market Action Report
April 2017
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
3 Mo Avg
1,200
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
1,000
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
800
Seller's market. The DOM for April was 0, up from 0 days last
month and down 100.0% from 769 days in April of last year. The
600
April 2017 DOM was at a mid level compared with April of 2016
and 2015.
400
769
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 2017 Selling Price per Square Foot of $0 was up from
$0 last month and down 100.0% from 300 in April of last year.
3 Mo Avg
900
800
700
600
500
400
300
300
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 2017 Selling Price vs Original List
Price of 90.1% was up from 0.0% last month and up from 80.3%
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%
90.1%
80.3%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
40
10
15
20
25
30
35
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 2017 was 1, up from 0 last month and down 66.7% from
3 in April of last year.
5
0
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Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage
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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