MA ARCHIVED August 2016 | Page 19

Market Action Report

August 2016

Dorchester

County: Dorchester

Agent Name
Title
Phone
Website
Other

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 81, down 28.3% from
113 days last month and down 55.2% from 181 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

300
250
200

181
153

150
100

81

50
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 $104 was down
14.2% from $122 last month and up 15.3% from 91 in August of
last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

104
91

88

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 92.2% was up from 90.9% last month and up from
84.2% in August of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

120%
100%
80%

92.2%

84.2%

79.4%

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

Inventory / New Listings / Sales

Inventory / New Listings / Sales

450

339

330

342

336

323

317

304

299

340

371

338

391

377

375

360

349

315

250

338

329

340

336

352

348

362

360

384

378

383

382

359

338

333

350

300

337

350

365

400
355

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 81, up 17.4% from 69 last month and up
62.0% from 50 in August of last year.

200
150
100
50
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
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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.

c o l dw el l b a n k er h o m es.c o m

| 19