MA ARCHIVED January 2016 | Page 33

MARKET ACTION REPORT

County: Somerset

Somerset

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 up from 0 days in January of last year. The
January 2016 DOM was at its lowest level compared
with January of 2015 and 2014.

450
400
350
300
250
200
150
100
50
0

3 Mo Avg

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

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 up from 0 in January of
last year.

250
245
240
235
230
225
220
215
210
205
200

3 Mo Avg

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

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
88%

Selling Price vs Original Listing Price

3 Mo Avg

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

87%

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 up from 0.0%
in January of last year.

87%
86%
86%
85%
85%
84%
84%
83%

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
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14
15
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Inventory / New Listings / Sales
Inventory

New Listings

0

3
3
3
3

4

5
5
5

6

6
5
5
5

5
4
4

4
3

2
2

3

3
1

4
4
4

4

4

5
5
5
5

5

5

5
5

6

6

2

Sales

7

7

3

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
January 2016 was 0, up from 0 last month and up
from 0 in January of last year.

8

2

Inventory / New Listings / Sales

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
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14
15
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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.

c o l dw el l b a n k er h o m es.c o m

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