MA ARCHIVED August 2016 | Page 9

Market Action Report

County: Baltimore City

August 2016

Baltimore City
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 84, up 35.5% from 62
days last month and up 25.4% from 67 days in August of last
year. The August 2016 DOM was at a mid level compared with
August of 2015 and 2014.

3 Mo Avg

140
120
100

84
75

80

67

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 $146 was down
0.7% from $147 last month and up 1.0% from 145 in August of
last year.

200
190
180
170
160
150
140
130
120
110
100

3 Mo Avg

146

145

139

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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 94.8% was up from 94.4% last month and up from
93.8% in August of last year.

3 Mo Avg

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

98%
96%

94.8%

93.8%

94%
92%

90.9%

90%
88%
86%
84%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

984

1,111

1,064

1,042

972

1,017

922

975

930

1,091

1,079

1,071

1,088

1,051

1,074

1,065

1,035

974

987

956

995

970

1,114

1,090

1,083

1,078

1,069

1,061

1,036

938

903

900

982

800

926

1,000

1,004

1,200
1,002

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 322, up 0.3% from 321 last month and up
9.9% from 293 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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