MA ARCHIVED January 2016 | Page 29
Prince George’s
MARKET ACTION REPORT
County: Prince Georges
January 2016
Agent Name
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 135 days in January of last year.
The January 2016 DOM was at a mid level compared
with January of 2015 and 2014.
Average Days on Market (Listing to Contract) for properties sold during the month
350
3 Mo Avg
300
250
200
135
150
100
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 $0 was
up from $0 last month and down 100.0% from 142 in
January of last year.
Average Selling Price per Square Foot for properties that sold during the month
350
3 Mo Avg
300
250
200
142
150
100
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 Selling Price vs Original List Price of
0.0% was up from 0.0% last month and down from
88.7% in January of last year.
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
3 Mo Avg
88.7%
80%
60%
40%
20%
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
Inventory / New Listings / Sales
16
12
12
12
12
11
10
11
12
9
Sales
5
5
6
6
7
7
7
6
6
New Listings
8
11
10
10
9
8
9
9
11
11
14
14
13
14
Inventory
12
14
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 12
and Sales. The graph shows the basic annual
10
seasonality of the market as well as the relationship
8
between these items. The number of New Listings in
6
January 2016 was 0, up from 0 last month and up
from 0 in January of last year.
4
10
9
9
Inventory / New Listings / Sales
2
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
Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo
Data is provi