MA ARCHIVED June 2016 | Page 13

Market Action Report June 2016 Carroll County: Carroll Agent Name Title Phone Website Other Community Information Price Range: $1,000,000 and Up | 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 June was 0, up from 0 days last month and up from 0 days in June of last year. The June 2016 DOM was at its lowest level compared with June of 2015 and 2014. 3 Mo Avg 600 500 400 300 200 100 0 J 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 13 14 15 16 Selling Price per Square Foot Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the 1,000 direction of Property values. Since Median Sales Price and 900 Average Sales price can be impacted by the 'mix' of high or low 800 end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. 700 The June 2016 Selling Price per Square Foot of $0 was up from 600 $0 last month and up from 0 in June of last year. 500 3 Mo Avg 400 300 200 100 J 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 13 14 15 16 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 June 2016 Selling Price vs Original List Price of 0.0% was up from 0.0% last month and up from 0.0% in June of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 250% 200% 150% 100% 50% 0% J 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 13 14 15 16 Inventory / New Listings / Sales Inventory / New Listings / Sales 11 11 8 8 8 8 8 7 7 7 8 10 8 9 8 9 9 11 14 13 13 15 13 13 13 13 13 15 7 6 8 8 11 10 14 12 15 14 16 16 17 18 16 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 June 2016 was 2, equal to 2 last month and up 100.0% from 1 in June of last year. 4 2 0 J 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 13 14 15 16 Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | 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 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 | 13