MA ARCHIVED August 2016 | Page 25

Market Action Report

August 2016

Howard

County: Howard

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 41, down 6.8% from
44 days last month and down 32.8% from 61 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

90
80
70

61

60
50

42

41

40
30
20
10
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 $179 was down
2.4% from $184 last month and up 1.3% from 177 in August of
last year.

200
195
190
185
180
175
170
165
160
155
150

178

3 Mo Avg

179

177

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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 97.3% was up from 97.0% last month and up from
95.9% in August of last year.

3 Mo Avg

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

99%
98%

97.3%
96.5%

97%

95.9%

96%
95%
94%
93%
92%
91%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

934

984

970

950

936
829

740

781

759

983

904

1,001

1,081

1,060

1,075

1,073

966
846

813

848

786

1,054

1,042

1,093

1,090

1,082

936

872
749

695

668

799

600

718

800

884

1,000

1,009

1,200

872

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 368, down 8.9% from 404 last month and up
2.5% from 359 in August of last year.

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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