MA ARCHIVED July 2016 | Page 44

Market Action Report

July 2016

Sussex

County: Sussex

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 123, down 11.5% from
139 days last month and down 12.1% from 140 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

134

140

123

120
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 $157 was down
6.9% from $169 last month and up 7.0% from 147 in July of last
year.

200
190
180
170
160
150
140
130
120
110
100

3 Mo Avg

157
147
133

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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 96.5% was up from 95.7% last month and down from
97.1% in July of last year.

3 Mo Avg

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

100%
99%
98%

97.1%

97%

96.5%

96.4%

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

Inventory / New Listings / Sales

3,500

2,643

2,612

2,635

2,585

2,518

2,454

2,436

2,622

2,458

2,797

2,762

2,911

2,818

2,819

2,666

2,626

2,542

2,501

2,427

2,681

2,472

2,915

2,825

2,973

2,960

2,956

2,901

2,816

2,655

2,537

2,484

2,682

2,484

2,000

2,786

2,500

2,766

3,000
2,756

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 476, up 1.3% from 470 last month and up 7.7%
from 442 in July of last year.

1,500
1,000
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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