MA ARCHIVED December 2016 | Page 9

Community Information

Baltimore City

Community Information

Days On Market for Sold Properties
3 Mo Avg
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 December was 107 , up 5250.0 % from 2 days last month and up from 0 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .
600
500
400
300
200
100
77
107
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 December 2016 Selling Price per Square Foot of $ 256 was up from $ 0 last month and down 49.1 % from 503 in December of last year .
0
-100
700 600 500 400 300 200
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F M A M J
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A S O N D
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14
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Selling Price per Square Foot
3 Mo Avg
496 503
256
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 December 2016 Selling Price vs Original List Price of 83.5 % was down from 100.3 % last month and down from 96.9 % in December of last year .
100
120 % 100 % 80 % 60 %
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F M A M J
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14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
100.0 % 96.9 %
3 Mo Avg
83.5 %
40 % 20 %
Inventory / New Listings / Sales 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 December 2016 was 0 , down 100.0 % from 1 last month and down 100.0 % from 5 in December of last year .
35 30 25 20 15 10
0 %
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Inventory / New Listings / Sales
5
11 10
13
19 22 23
20
20
18
17
13 13 14
12 16 16
18 21 21 21
17
20 24 25 29 29 29
33
29
27
25
22 21 22 21
18
0
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F M A M J
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S O N D
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