MA ARCHIVED July 2016 | Page 19
Market Action Report
County: Dorchester
July 2016
Dorchester
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 115, up 0.9% from 114
days last month and down 14.2% from 134 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
300
250
200
134
150
115
110
100
50
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 $122 was up
23.3% from $99 last month and up 12.5% from 108 in July of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
122
114
108
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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 91.0% was down from 95.8% last month and up from
90.0% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
91.0%
90.0%
84.9%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
450
328
342
334
323
317
304
299
340
371
338
391
377
375
360
349
338
315
250
329
340
336
352
348
362
360
384
378
383
382
359
338
333
337
355
300
350
350
374
400
365
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 69, up 15.0% from 60 last month and up 9.5%
from 63 in July of last year.
200
150
100
50
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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