MA ARCHIVED June 2016 | Page 39

Market Action Report

June 2016

Worcester

County: Worcester

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 74, up 184.6% from 26
days last month and down 70.2% from 248 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

700
600
500
400
300

248

200
74

100
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
1,550
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 1,350
more normalized indicator on the direction of Property values.
1,150
The June 2016 Selling Price per Square Foot of $313 was down
14.4% from $365 last month and down 12.3% from 356 in June
950
of last year.
750
550

356

276

350

3 Mo Avg

313

150
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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 June 2016 Selling Price vs Original List
Price of 89.7% was up from 82.4% last month and down from
97.7% in June of last year.

3 Mo Avg

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

120%

97.7%

100%

89.7%

80%
60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

60

44

27

33

31

28

25

20

30

30

38

44

43

43

42

39

44
39

42

41

39

48
44

48
38

37

34

35

37

37

39

43

45
41
35

30

45

40

44

50
41

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 6, up 200.0% from 2 last month and up
200.0% from 2 in June of last year.

10
0
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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.

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