MA ARCHIVED January 2016 | Page 35

Talbot

MARKET ACTION REPORT

January 2016

Agent Name

County: Talbot

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 623, up 159.6% from 240 days
last month and up 790.0% from 70 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

700

3 Mo Avg

623

547

600
500
400
300
200

70

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 $195 was
up from $0 last month and up from 0 in January of
last year.

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

3 Mo Avg

600
466

500
400
300

195

200

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
82.6% was down from 88.2% last month and down
from 90.7% 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

83.2%

90.7%

3 Mo Avg

82.6%

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
160

140
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 120
and Sales. The graph shows the basic annual
100
seasonality of the market as well as the relationship
80
between these items. The number of New Listings in
60
January 2016 was 3, down 25.0% from 4 last month
and down 40.0% from 5 in January of last year.
40

Inventory

New Listings

Sales

94
104
118
122
124
131
131
128
118
105
96
100
98
103
117
116
121
118
124
126
130
115
96
86
97
116
133
138
151
141
140
140
139
124
96
88

Inventory / New Listings / Sales

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

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

| 35