MA ARCHIVED May 2016 | Page 15
Market Action Report
May 2016
Cecil
County: Cecil
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: All | 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 May was 90, down 7.2% from 97
days last month and down 24.4% from 119 days in May of last
year. The May 2016 DOM was at a mid level compared with May
of 2015 and 2014.
3 Mo Avg
160
140
119
120
100
90
84
80
60
40
20
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
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 May 2016 Selling Price per Square Foot of $117 was down
2.3% from $120 last month and down 28.7% from 164 in May of
last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
164
118
117
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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 May 2016 Selling Price vs Original List
Price of 93.2% was up from 91.9% last month and up from 91.9%
in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
93.2%
94%
91.9%
92%
90.5%
90%
88%
86%
84%
82%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
611
598
589
586
571
709
649
777
749
755
793
783
774
701
663
647
643
739
500
667
839
810
826
847
827
767
708
683
678
724
678
720
713
600
778
700
773
800
814
900
778
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 May 2016 was 163, down 14.7% from 191 last month and down
28.5% from 228 in May of last year.
400
300
200
100
0
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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropol