MA ARCHIVED July 2017 | Page 7

ANNE ARUNDEL

Community Information
Days On Market for Sold Properties
3 Mo Avg
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 206 , up 207.5 % from 67 days last month and up 190.1 % from 71 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
300
250
200
150
100
124
71
206
50
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 2017 Selling Price per Square Foot of $ 335 was down 6.8 % from $ 359 last month and down 3.0 % from 345 in July of last year .
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 2017 Selling Price vs Original List Price of 82.9 % was down from 90.6 % last month and down from 92.0 % in July of last year .
0
600 550 500 450 400 350 300 250 200
100 % 95 % 90 % 85 %
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
302
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
14
15
16
17
345
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.3 % 92.0 %
3 Mo Avg
J
335
J
82.9 %
80 % 75 %
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 2017 was 40 , down 9.1 % from 44 last month and up 8.1 % from 37 in July of last year .
70 %
250
200
150
100
A
S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
14
15
16
17
Inventory / New Listings / Sales
233 221 218
191
162 151 146
172
200 216 217 218
206 219
204
175
153 149
163
180 215 224 227 238 236 219 211
170
141 139 145
174 211
235
J
231
231
50
0
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
14
15
16
17
J
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