Market Action Report
August 2016
Charles
County: Charles
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Community Information
Price Range: All | 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 August was 63, down 4.5% from
66 days last month and down 3.1% from 65 days in August of last
year. The August 2016 DOM was at its lowest level compared
with August of 2015 and 2014.
3 Mo Avg
120
100
83
80
65
63
60
40
20
0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
13
14
15
16
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 August 2016 Selling Price per Square Foot of $124 was down
0.4% from $125 last month and down 1.1% from 126 in August of
last year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
126
124
121
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
13
14
15
16
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 August 2016 Selling Price vs Original
List Price of 96.8% was equal to 96.8% last month and up from
95.3% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
96.8%
95.3%
95.1%
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
13
14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
760
861
841
862
849
792
708
702
842
752
965
900
962
949
951
948
866
790
806
783
864
913
892
904
895
888
876
796
742
693
695
681
779
600
764
800
812
1,000
766
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 August 2016 was 243, down 18.7% from 299 last month and
down 8.6% from 266 in August of last year.
400
200
0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
13
14
15
16
C