MA ARCHIVED July 2016 | Page 17
Market Action Report
July 2016
Charles
County: Charles
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 67, up 8.1% from 62 days
last month and up 19.6% from 56 days in July of last year. The
July 2016 DOM was at a mid level compared with July of 2015
and 2014.
3 Mo Avg
120
100
78
80
67
56
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 $124 was down
0.9% from $126 last month and up 2.0% from 122 in July of last
year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
129
124
122
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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 96.7% was down from 97.0% last month and up from
95.0% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
96.7%
95.5%
95.0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
840
792
852
837
785
704
695
840
750
964
899
962
949
951
948
866
790
806
783
864
796
913
892
904
895
888
876
812
742
693
695
681
779
600
764
800
808
1,000
766
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 298, down 3.2% from 308 last month and up
0.3% from 297 in July of last year.
400
200
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 and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
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.
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