MA ARCHIVED June 2016 | Page 42

Market Action Report

June 2016

Sussex

County: Sussex

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 201, down 19.6% from
250 days last month and down 44.6% from 363 days in June of
last year. The June 2016 DOM was at a mid level compared with
June of 2015 and 2014.

400

3 Mo Avg

363

350
300
250

201

200
150

111

100
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
800
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
700
more normalized indicator on the direction of Property values.
The June 2016 Selling Price per Square Foot of $518 was down
600
13.1% from $596 last month and up 44.7% from 358 in June of
last year.
500

3 Mo Avg

518

400

358

331

300
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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
140%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
120%
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 100%
Price of 95.8% was up from 91.6% last month and up from 92.6%
80%
in June of last year.

3 Mo Avg

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

93.4%

95.8%

92.6%

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

Inventory / New Listings / Sales

250

200

199

196

198
173

163

162

192

180

189

190

187

178

164

163

157

147

142

158

141

173

171

170

168

168

165

163

148

143

134

163

147

127

100

159

150

173

200
170

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 26, up 18.2% from 22 last month and up 8.3%
from 24 in June of last year.

50
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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