MA ARCHIVED April 2017 | Page 9

Market Action Report
April 2017
BALTIMORE CITY
County: Baltimore City
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 635, up from 0 days last
month and up 8971.4% from 7 days in April of last year. The
April 2017 DOM was at a mid level compared with April of 2016
and 2015.
3 Mo Avg
700
635
600
500
400
300
200
73
100
7
0
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-100
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
1,100
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
900
more normalized indicator on the direction of Property values.
The April 2017 Selling Price per Square Foot of $725 was down
700
37.3% from $1,156 last month and up 195.2% from 246 in April
of last year.
500
3 Mo Avg
725
246
300
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 91.7% was down from 100.0% last month and down from 80%
96.4% in April of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.4%
91.7%
86.5%
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 12, up 20.0% from 10 last month and up 71.4%
from 7 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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