MA ARCHIVED January 2016 | Page 15

Cecil

MARKET ACTION REPORT

January 2016

Agent Name

County: Cecil

Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | 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 January was 0, down 100.0% from 106 days
last month and up from 0 days in January of last year.
The January 2016 DOM was at a mid level compared
with January of 2015 and 2014.

800
700
600
500
400
300
200
100
0
-100

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

683

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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
January 2016 Selling Price per Square Foot of $0 was
down 100.0% from $328 last month and up from 0 in
January of last year.

800

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

700
600
500
400
300
200

100

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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 January 2016 Selling Price vs Original List Price of
0.0% was down from 80.6% last month and up from
0.0% in January of last year.

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

Avg Selling Price divided by Avg Listing Price for sold properties during the month

3 Mo Avg

38.5%

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Inventory / New Listings / Sales
25

0

Sales

8
8
8

15

17

20
19

New Listings

13
14
12
11
12
12
14
12
13
12
11
10
9

11

12
10

18
17
18

16

15
16

Inventory

14

This last view of the market combines monthly
inventory of Properties for sale along with New Listings 20
and Sales. The graph shows the basic annual
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seasonality of the market as well as the relationship
between these items. The number of New Listings in
10
January 2016 was 1, up from 0 last month and up
from 0 in January of last year.
5

13
12
14
13
13
14

Inventory / New Listings / Sales

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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | 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.

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