MA ARCHIVED February 2017 | Page 7

Community Information

Anne Arundel

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 February was 119 , up 12.3 % from 106 days last month and down 19.0 % from 147 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
300
250
200
150
100
109
147
119
50
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 2017 Selling Price per Square Foot of $ 432 was down 8.9 % from $ 474 last month and up 43.3 % from 302 in February of last year .
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 February 2017 Selling Price vs Original List Price of 80.0 % was down from 89.0 % last month and down from 85.6 % in February of last year .
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Selling Price per Square Foot
3 Mo Avg
600 550 500 450 400 350 300 250 200
95 %
90 %
85 %
80 %
409
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302
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.9 %
85.6 %
3 Mo Avg
432
80.0 %
75 %
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 February 2017 was 34 , up 112.5 % from 16 last month and down 10.5 % from 38 in February of last year .
70 %
300 250 200 150 100 50 0
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Inventory / New Listings / Sales
167 209
226 249 255 233 221 218
191
162 151 146
172
200 216 217 218 206
219 204
175 153 149
164
181 216 225 227 238 238 223 215
174
147 144 153
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