Howard
MARKET ACTION REPORT
January 2016
Agent Name
County: Howard
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 63, down 30.0% from 90 days
last month and down 6.0% from 67 days in January of
last year. The January 2016 DOM was at its lowest
level compared with January of 2015 and 2014.
Average Days on Market (Listing to Contract) for properties sold during the month
300
3 Mo Avg
256
250
200
150
100
67
63
50
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 $202 was
up 0.7% from $200 last month and up 5.8% from 191 in
January of last year.
Average Selling Price per Square Foot for properties that sold during the month
300
280
260
240
220
200
180
160
140
120
100
3 Mo Avg
202
191
181
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 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 S