MA ARCHIVED August 2017 | Page 29

Market Action Report
County: Montgomery
August 2017
Montgomery
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 39, up 14.7% from 34
days last month and down 11.4% from 44 days in August of last
year. The August 2017 DOM was at its lowest level compared
with August of 2016 and 2015.
3 Mo Avg
80
70
60
50
45
44
39
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 2017 Selling Price per Square Foot of $238 was up
1.7% from $234 last month and up 5.9% from 225 in August of
last year.
250
245
240
235
230
225
220
215
210
205
200
3 Mo Avg
238
233
225
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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 2017 Selling Price vs Original
List Price of 97.1% was down from 97.4% last month and up from
96.7% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
99%
98%
97.1%
96.7%
97%
95.8%
96%
95%
94%
93%
92%
91%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,000
1,500
2,000
2,500
3,000
3,500
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 2017 was 939, down 7.9% from 1,020 last month and
down 1.7% from 955 in August of last year.
500
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
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15
16
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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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