MA ARCHIVED July 2016 | Page 21
Market Action Report
July 2016
Frederick
County: Frederick
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 56, up 5.7% from 53 days
last month and up 3.7% from 54 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
100
90
80
70
54
60
56
54
50
40
30
20
10
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 $133 was down
2.7% from $137 last month and up 6.8% from 125 in July of last
year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
133
128
125
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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 96.6% was down from 96.8% last month and up from
95.3% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97.0%
97%
96.6%
96%
95.3%
95%
94%
93%
92%
91%
90%
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1,468
1,428
1,421
1,408
1,357
1,245
1,224
1,480
1,344
1,690
1,653
1,724
1,663
1,664
1,617
1,508
1,360
1,283
1,358
1,272
1,580
1,462
1,683
1,629
1,680
1,641
1,433
1,253
1,119
1,118
1,263
1,159
1,368
1,332
1,316
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1,535
Inventory / New Listings / Sales
Inventory / New Listings / Sales
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 500, down 18.6% from 614 last month and
down 9.7% from 554 in July of last year.
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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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