Market Action Report
July 2016
Kent
County: Kent
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 124, down 43.1% from
218 days last month and down 38.6% from 202 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
350
300
250
202
187
200
150
124
100
50
0
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 F M A M J 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 July 2016 Selling Price per Square Foot of $144 was up
26.8% from $113 last month and up 62.9% from 88 in July of last
year.
250
230
210
190
170
150
130
110
90
70
50
3 Mo Avg
181
144
88
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 F M A M J J
13
14
15
16
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 86.4% was down from 89.2% last month and down from
89.8% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.8%
83.8%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
86.4%
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 F M A M J J
13
14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
450
295
285
295
295
293
274
327
316
349
341
352
342
347
347
321
291
273
200
308
303
336
310
380
372
388
379
381
381
366
337
313
332
306
250
315
300
376
350
352
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 43, up 2.4% from 42 last month and up 10.3%
from 39 in July of last year.
150
100
50
0
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