MA ARCHIVED March 2018 | Page 20

Market Action Report March 2018 Agent Name

County : Baltimore

BALTIMORE COUNTY

Title
Community Information
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
200
Phone Website Other
Days On Market for Sold Properties
Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
160
Buyer ' s market , a downward trend a move towards more of a
140
126
124
Seller ' s market . The DOM for March was 124 , up 520.0 % from
20 days last month and up 33.3 % from 93 days in March of last year . The March 2018 DOM was at a mid level compared with
120
100
93
March of 2017 and 2016 .
80
60
40
20
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
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and
400
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
350
more normalized indicator on the direction of Property values .
The March 2018 Selling Price per Square Foot of $ 269 was up
300
269
68.5 % from $ 160 last month and up 15.0 % from 234 in March of last year .
250
219
234
3 Mo Avg
150
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 2018 Selling Price vs Original List Price of 85.1 % was down from 93.8 % last month and down from 96.7 % in March of last year .
100
100 %
95 %
90 %
85 %
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
15
16
17
18
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.5 %
96.7 %
3 Mo Avg
85.1 %
80 %
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 2018 was 21 , up 40.0 % from 15 last month and down 41.7 % from 36 in March of last year .
75 %
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
15
16
17
18
Inventory / New Listings / Sales
140 120 100 80 60
94 113 112 104 106 108
100
85
74 71
79
91 106 101 115 113 108 114 112
98
83
75 81
87
106 117 116 113 112 114 117
104
89
80 86 89
40 20 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
15
16
17
18
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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