MA ARCHIVED August 2016 | Page 23

Market Action Report

August 2016

Harford

County: Harford

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 60, up 9.1% from 55
days last month and down 9.1% from 66 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
80

67

66

60

60
40
20
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 August 2016 Selling Price per Square Foot of $133 was down
6.9% from $143 last month and up 0.7% from 132 in August of
last year.

150
145
140
135
130
125
120
115
110
105
100

132

3 Mo Avg

133

132

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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
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 95.7% was down from 96.2% last month and up
from 94.8% in August of last year.

3 Mo Avg

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

97%

95.7%

96%

94.8%

95%
93.5%

94%
93%
92%
91%
90%
89%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,019

932

1,038

1,037

962

1,011

895

939

902

1,117

1,042

1,202

1,163

1,255

1,222

1,219

1,152

1,031

975

971

1,115

1,025

1,294

1,233

1,237

1,269

1,251

1,136

969

1,001

988

973

800

1,040

1,000

1,017

1,200

1,229

1,400

1,027

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 315, down 12.0% from 358 last month and
down 2.2% from 322 in August of last year.

600
400
200
0
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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.

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