MA ARCHIVED July 2016 | Page 15
Market Action Report
July 2016
Cecil
County: Cecil
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: All | Properties: SFH - Con
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 July was 77, up 1.3% from 76 days
last month and down 31.9% from 113 days in July of last year.
The July 2016 DOM was at its lowest level compared with July of
2015 and 2014.
3 Mo Avg
160
140
120
120
113
100
77
80
60
40
20
0
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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 July 2016 Selling Price per Square Foot of $113 was down
1.4% from $115 last month and down 6.2% from 121 in July of
last year.
200
190
180
170
160
150
140
130
120
110
100
122
3 Mo Avg
121
113
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings 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 July 2016 Selling Price vs Original List
Price of 94.1% was down from 94.9% last month and up from
92.3% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
94.1%
94%
92.3%
91.9%
92%
90%
88%
86%
84%
82%
80%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
599
598
616
610
593
586
571
709
649
777
749
755
793
783
774
701
663
647
739
667
839
810
826
847
827
767
708
683
724
678
643
500
678
600
713
700
773
800
814
900
720
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 July 2016 was 152, down 1.3% from 154 last month and down
9.5% from 168 in July of last year.
400
300
200
100
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS