Market Action Report February 2018
County : Kent
KENT
Community Information
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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 0 , up from 0 days last month and up from 0 days in February of last year . The February 2018 DOM was at a mid level compared with February of 2017 and 2016 .
1,200
1,000
800
600
400
Agent Name
Title Phone Website Other
Days On Market for Sold Properties
1,052
3 Mo Avg
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 $ 0 was up from $ 0 last month and down 100.0 % from 497 in February of last year .
200
700 650 600 550 500 450 400 350 300 250 200
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 140 % original list price . The lower the ratio is below 100 % the more of
120 % 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 100 % List Price of 90.9 % was up from 0.0 % last month and down from 94.5 % in February of last year . 80 % 60 % 40 % 20 %
0 |
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M
A M J
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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 |
15 |
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16 |
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17 |
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18 |
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Selling Price per Square Foot |
3 Mo Avg |
|
M
A M J
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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 |
15 |
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16 |
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17 |
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18 |
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497
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
53.3 %
94.5 %
3 Mo Avg
90.9 %
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 2018 was 2 , up 100.0 % from 1 last month and up 100.0 % from 1 in February of last year .
35 30 25 20 15 10
0 % |
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A M J
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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 |
15 |
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16 |
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17 |
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18 |
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Inventory / New Listings / Sales |
5
22
24 28 28 29 28 27
22 22
16
11
11 13 13 14 16 16 17
19
17
14
12 12 12 11 12
16
13
13 17 17 21 20
22
20 20
0
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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 |
15 |
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16 |
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17 |
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18 |
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Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | 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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