MA ARCHIVED August 2016 | Page 27

Market Action Report August 2016 Kent County: Kent 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 138, up 14.0% from 121 days last month and down 26.2% from 187 days in August of last year. The August 2016 DOM was at its lowest level compared with August of 2015 and 2014. 350 3 Mo Avg 326 300 250 187 200 138 150 100 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 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 P