MA ARCHIVED May 2016 | Page 17

Market Action Report

May 2016

Charles

County: Charles

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 70, down 9.1% from 77
days last month and equal to 70 days in May of last year. The
May 2016 DOM was at its lowest level compared with May of
2015 and 2014.

3 Mo Avg

120
100
82

80

70

70

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 $128 was down
0.1% from $128 last month and up 10.5% from 116 in May of last
year.

3 Mo Avg

147

150
145
140
135
130
125
120
115
110
105
100

128

116

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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 96.6% was up from 96.5% last month and up from
95.3% in May of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

100%
98%

96.6%
95.3%

96%

94.2%

94%
92%
90%
88%
86%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,200

831

795

774

697

688

835

745

960

894

960

946

950

947

865

789

806

783

864

796

913

892

904

895

888

876

812

742

693

695

681

779

764

766

600

821

800

808

1,000
807

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 284, down 17.7% from 345 last month and
down 19.1% from 351 in May of last year.

400
200
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., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
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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