MA ARCHIVED April 2017 | Page 21

Market Action Report
April 2017
QUEEN ANNE’S
County: Queen Annes
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 33, down 74.6% from
130 days last month and down 81.6% from 179 days in April of
last year. The April 2017 DOM was at its lowest level compared
with April of 2016 and 2015.
3 Mo Avg
1,200
1,000
800
600
400
179
200
33
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 $263 was down
19.2% from $325 last month and up 94.3% from 135 in April of
last year.
3 Mo Avg
400
350
300
263
250
200
135
150
100
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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
120%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
100%
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 91.9% was up from 84.2% last month and up from 85.9% 80%
in April of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.9%
85.9%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
30
40
50
60
70
80
90
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 10, up 25.0% from 8 last month and up 25.0%
from 8 in April of last year.
20
10
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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