MA ARCHIVED June 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 June was 67 , down 38.5 % from 109 days last month and down 29.5 % from 95 days in June of last year . The June 2017 DOM was at its lowest level compared with June of 2016 and 2015 .
300
250
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150
100
98 95
67
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 June 2017 Selling Price per Square Foot of $ 359 was up 10.6 % from $ 325 last month and up 8.1 % from 332 in June 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 June 2017 Selling Price vs Original List Price of 90.6 % was down from 91.4 % last month and down from 93.5 % in June of last year .
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Selling Price per Square Foot
3 Mo Avg
600 550 500 450 400 350 300 250 200
100 % 95 % 90 % 85 %
382
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332
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.4 %
93.5 %
3 Mo Avg
359
90.6 %
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 June 2017 was 45 , down 18.2 % from 55 last month and up 2.3 % from 44 in June of last year .
70 %
300 250 200 150 100
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Inventory / New Listings / Sales
255 233 221 218
191
162 151 146
172
200 216 217 218 206
219 204
175 153 149
163
180 215 224 227 238 237 221 213
172
143 141 147
176
214 239 235
50 0
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