MA ARCHIVED March 2017 | Page 25

Market Action Report
March 2017
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 March was 221, up from 0 days
last month and down 22.7% from 286 days in March of last year.
The March 2017 DOM was at its lowest level compared with
March of 2016 and 2015.
3 Mo Avg
700
600
500
400
286
300
221
200
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 March 2017 Selling Price per Square Foot of $410 was up
from $0 last month and up 80.9% from 226 in March of last
950
year.
750
3 Mo Avg
550
410
350
226
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 March 20 17 Selling Price vs Original
List Price of 88.7% was up from 0.0% last month and down from
93.5% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
93.5%
100%
88.7%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
50
45
40
35
30
25
20
15
10
5
0
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 March 2017 was 5, equal to 5 last month and equal to 5 in
March of last year.
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Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage
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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