MA ARCHIVED August 2016 | Page 33

Market Action Report

County: Queen Annes

August 2016

Queen Anne’s
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 77, down 23.0% from
100 days last month and down 27.4% from 106 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

200
180
160
140
110

120

106

100

77

80
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 $162 was down
4.4% from $169 last month and down 6.5% from 173 in August of
last year.

200
190
180
170
160
150
140
130
120
110
100

3 Mo Avg

173
162
150

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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 93.1% was down from 93.5% last month and up
from 92.8% in August of last year.

3 Mo Avg

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

100%
95%

93.1%

92.8%
90.6%

90%
85%
80%
75%
70%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

480

496

490

494

493

483

445

462

452

566

510

616

610

615

638

601

614

570

519

516

571

518

629

607

629

625

609

571

519

478

474

466

400

578

500

531

600

608

700

569

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 95, down 7.8% from 103 last month and
down 5.9% from 101 in August of last year.

300
200
100
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. Co