Market Action Report
March 2017
ANNE ARUNDEL
County: Anne Arundel
Agent Name
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Title
Phone
Website
Other
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 109, down 8.4% from
119 days last month and down 26.4% from 148 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
300
250
225
200
148
150
109
100
50
0
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 J A S O N D J F M
14
15
16
17
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
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 March 2017 Selling Price per Square Foot of $385 was down
10.9% from $432 last month and up 72.7% from 223 in March of
last year.
3 Mo Avg
600
550
500
450
385
400
350
303
300
250
223
200
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 J A S O N D J F M
14
15
16
17
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 2017 Selling Price vs Original
List Price of 90.5% was up from 80.0% last month and up from
89.2% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
90.5%
89.2%
90%
85.4%
85%
80%
75%
70%
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 J A S