MA ARCHIVED February 2017 | Page 9

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 February was 115 , up from 0 days last month and up 64.3 % from 70 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
70
3 Mo Avg
115
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 $ 267 was up from $ 0 last month and down 9.8 % from 296 in February of last year .
0 -50
700 600 500 400 300 200
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Selling Price per Square Foot
3 Mo Avg
296 267
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 89.6 % was up from 0.0 % last month and down from 95.2 % in February of last year .
100
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.2 %
3 Mo Avg
89.6 %
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 February 2017 was 6 , up 50.0 % from 4 last month and up 50.0 % from 4 in February of last year .
35 30 25 20 15 10
0 %
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Inventory / New Listings / Sales
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
26
24
21 20 21 20
17 18
23
5 0
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