Community Information
Baltimore City
Community Information
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 61 , down 14.1 % from 71 days last month and down 10.3 % from 68 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
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 2017 Selling Price per Square Foot of $ 171 was up 12.2 % from $ 152 last month and up 24.4 % from 137 in December of last year .
Days On Market for Sold Properties
100 |
90 |
80 |
74 |
68 |
70 |
61 |
60 |
50 |
40 |
30 |
20 |
10 |
0 |
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 |
S O N D |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
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 98 % 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 96 % of a Seller ' s market . The December 2017 Selling Price vs Original List Price of 93.1 % was down from 95.9 % last month and down
94 % from 94.0 % in December of last year .
92 % 90 % 88 %
140
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 |
S O N D |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
137
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.2 %
94.0 %
3 Mo Avg
3 Mo Avg
171
93.1 %
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 2017 was 171 , down 32.7 % from 254 last month and down 20.5 % from 215 in December of last year .
86 % |
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 S O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Inventory / New Listings / Sales |
1,200
1,000 800 600
987 956 975 1,036 1,075 1,066 1,088 1,051 1,071 1,091 1,084 980 935 926 979 1,028 1,062 1,136 1,111 1,080 1,059 1,063 963
878 818 813 846 901 923 964 937 925 969 940
837
695
400 200
0
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 S O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
c o l d w e l l b a n k e r h o m e s . c o m | 9