Community WebsiteInformation Other
Market Action Report February 2018
County : Anne Arundel Price Range : All | Properties : SFH - Con
Market Time
120 The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
100 trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a
80
Seller ' s market . The DOM for February was 68 , down 6.8 % from 73 days last month and down 9.3 % from 75 days in February of last year . The February 2018 DOM was at its lowest level
60 compared with February of 2017 and 2016 . 40
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Arundel
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Community WebsiteInformation Other
Days On Market for Sold Properties
82 75
3 Mo Avg
68
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 2018 Selling Price per Square Foot of $ 195 was up 3.9 % from $ 188 last month and up 6.1 % from 184 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 2018 Selling Price vs Original List Price of 96.4 % was up from 95.7 % last month and up from 94.5 % in February of last year .
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Selling Price per Square Foot |
3 Mo Avg |
250 240 230 220 210 200 190 180 170 160 150
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
1,500 1,000
500
181
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2,391
2,649 2,834 2,842 2,830 2,832 2,848 2,730
184
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89 % |
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A M J
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15 |
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16 |
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18 |
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Inventory / New Listings / Sales |
Inventory / New Listings / Sales |
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This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales . The graph
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3,000 |
shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings |
2,500 |
in February 2018 was 621 , up 21.3 % from 512 last month and down 13.6 % from 719 in February of last year . |
2,000 |
2,479 2,219
2,089
93.6 %
2,060
2,235 2,404 2,466 2,470 2,488 2,367 2,391
2,247
2,004 1,778 1,720
94.5 %
1,727
1,890 2,020 2,048 2,162 2,130 2,108 2,095 2,003
3 Mo Avg
1,807 1,562
1,413
195
96.4 %
1,376
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Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Coastal Association of REALTORS of MD , Inc ., Metropolitan Regional Information Systems , Inc ., Sussex County Association of REALTORS and may not reflect all relevant real estate activity . Coldwell Banker Residential Brokerage 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 .
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