MA ARCHIVED April 2017 | Page 7

Community Information

Anne Arundel

Community Information

Days On Market for Sold Properties
3 Mo Avg
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 59 , down 16.9 % from 71 days last month and down 27.2 % from 81 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .
120
100
80
60
40
88
81
59
20
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 $ 200 was up 1.5 % from $ 197 last month and up 9.4 % from 183 in April of last year .
Inventory / New Listings / Sales 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 949 , down 9.3 % from 1,046 last month and down 13.8 % from 1,101 in April of last year .
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Selling Price per Square Foot
3 Mo Avg
250 240 230 220 210 200 190 180 170 160 150
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
98 %
original list price . The lower the ratio is below 100 % the more of
97 %
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 97.4 % was up from 95.9 % last month and up from 95.2 %
96 %
95 %
in April of last year .
94 %
93 % 92 % 91 % 90 %
179
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183
Selling Price versus Listing Price Ratio
94.2 %
89 %
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Inventory / New Listings / Sales
3,500 3,000 2,500 2,000 1,500 1,000
500
2,726 2,878 2,905 2,876 2,858 2,826
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,573 2,323 2,244 2,224
2,391
2,649 2,834 2,842 2,829 2,831 2,847 2,729
2,478 2,218 2,088 2,059
2,232
95.2 %
2,401 2,464 2,467 2,484 2,361 2,382
2,233 1,988
1,754
3 Mo Avg
1,687 1,686 1,813
200
97.4 %
1,881
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