MA ARCHIVED January 2016 | Page 23

Harford MARKET ACTION REPORT January 2016 Agent Name County: Harford 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, up from 0 days last month and down 100.0% from 121 days in January of last year. The January 2016 DOM was at a mid level compared with January of 2015 and 2014. 3 Mo Avg Average Days on Market (Listing to Contract) for properties sold during the month 600 500 400 300 140 200 121 100 0 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 M A M J J A S O N D J 13 14 15 16 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 up from $0 last month and down 100.0% from 324 in January of last year. Average Selling Price per Square Foot for properties that sold during the month 350 324 3 Mo Avg 300 250 200