MA ARCHIVED July 2016 | Page 51
Market Action Report
July 2016
Clarke
County: Clarke
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 87, down 20.9% from 110
days last month and up 38.1% from 63 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
150
87
100
63
41
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 $160 was up
23.3% from $130 last month and up 10.5% from 145 in July of
last year.
3 Mo Avg
240
220
200
180
160
160
145
140
129
120
100
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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 down from 94.7% last month and down from
95.2% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
95.2%
93.8%
93.4%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
180
120
120
119
119
118
110
107
128
119
155
138
160
159
155
134
131
103
87
106
101
129
114
144
135
151
140
122
102
101
114
100
80
100
100
121
120
125
140
146
160
123
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 27, down 3.6% from 28 last month and down
22.9% from 35 in July of last year.
60
40
20
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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