MA ARCHIVED July 2016 | Page 33
Market Action Report
County: Queen Annes
July 2016
Queen Anne’s
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 100, down 17.4% from
121 days last month and down 10.7% from 112 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
200
180
160
140
126
112
120
100
100
80
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 $169 was up 6.4%
from $159 last month and down 2.5% from 173 in July of last
year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
184
173
169
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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 93.4% was up from 92.8% last month and up from
90.6% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
93.4%
93.2%
95%
90.6%
90%
85%
80%
75%
70%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
491
477
492
489
482
444
462
452
566
510
616
610
615
638
601
614
570
519
516
571
518
629
607
629
625
609
571
578
519
478
474
466
400
531
500
569
600
608
700
568
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 103, down 18.3% from 126 last month and
down 25.4% from 138 in July of last year.
300
200
100
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.
c o l dw el l b a n k er h o m es.c o m
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