MA ARCHIVED July 2016 | Page 29

Market Action Report

County: Montgomery

July 2016

Montgomery
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 41, equal to 41 days last
month and down 2.4% from 42 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

80
70
60
50

42

39

40

41

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 $235 was down
3.0% from $243 last month and down 0.7% from 237 in July of
last year.

300
290
280
270
260
250
240
230
220
210
200

3 Mo Avg

237

232

235

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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 97.3% was down from 97.4% last month and up from
96.3% in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

99%
98%

97.3%

97.2%

97%

96.3%

96%
95%
94%
93%
92%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

2,497

2,318

2,494

2,460

2,163

1,794

1,787

2,337

1,896

2,886

2,797

2,726

3,000

2,917

2,638

2,261

1,997

1,880

2,345

1,996

2,912

2,783

2,771

2,716

2,677

2,269

1,963

1,706

2,015

1,644

1,000

1,693

1,500

2,328

2,000

2,252

2,500

2,636

3,000

2,909

3,500

2,107

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 1,028, down 26.1% from 1,392 last month and
down 11.7% from 1,164 in July of last year.

500
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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