MA ARCHIVED July 2016 | Page 41
Market Action Report
July 2016
Worcester
County: Worcester
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 134, down 18.8% from
165 days last month and up 1.5% from 132 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
250
200
145
150
134
132
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 $200 was up 5.0%
from $190 last month and up 3.7% from 193 in July of last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
201
200
193
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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 92.9% was up from 91.7% last month and down from
93.0% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.0%
94%
93%
92%
91%
90%
89%
88%
87%
86%
85%
84%
92.9%
90.3%
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1,374
1,347
1,441
1,409
1,437
1,374
1,289
1,395
1,313
1,516
1,503
1,590
1,560
1,609
1,596
1,595
1,527
1,488
1,456
1,445
1,653
1,586
1,720
1,684
1,721
1,712
1,673
1,593
1,516
1,446
1,489
1,411
1,549
1,506
1,533
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1,699
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 224, down 10.0% from 249 last month and
down 1.8% from 228 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.
c o l dw el l b a n k er h o m es.c o m
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