MA ARCHIVED February 2016

Carroll MARKET ACTION REPORT February 2016 Agent Name County: Carroll Title Phone Website Other Community Information Price Range: All | Properties: SFH - Condo 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 February was 87, up 6.1% from 82 days last month and down 8.4% from 95 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 120 100 87 3 Mo Avg 95 87 80 60 40 20 0 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 J F 13 14 15 16 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 February 2016 Selling Price per Square Foot of $141 was up 1.9% from $139 last month and up 1.8% from 139 in February of last year. 200 190 180 170 160 150 140 130 120 110 100 Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg 151 141 139 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 J F 13 14 15 16 Selling Price versus Listing Price Ratio Selling Price vs Original Listing 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 February 2016 Selling Price vs Original List Price of 97.7% was down from 97.8% last month and up from 97.6% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 101% 3 Mo Avg 100% 99% 97.5% 98% 97.7% 97.6% 97% 96% 95% 94% 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 J F 13 14 15 16 Inventory / New Listings / Sales 1,200 This last view of the market combines monthly 1,000 inventory of Properties for sale along with New Listings 800 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 600 between these items. The number of New Listings in February 2016 was 222, up 25.4% from 177 last month 400 and up 8.8% from 204 in February of last year. 200 0 Inventory New Listings Sales 702 722 789 804 801 830 822 772 722 663 641 620 679 756 861 924 966 990 1,003 979 910 820 792 792 797 865 945 990 986 962 954 898 823 748 684 657 Inventory / New Listings / Sales 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 J F 13 14 15 16 Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker 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. c o l dw el l b a n k er h o m es.c o m | 13

MA ARCHIVED February 2016 | Page 13