MA ARCHIVED May 2016 | Page 19

Market Action Report

County: Dorchester

May 2016

Dorchester
Agent Name
Title
Phone
Website
Other

Community Information
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

3 Mo Avg

300

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
250
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
200
Seller's market. The DOM for May was 100, down 3.8% from 104
days last month and down 27.0% from 137 days in May of last
150
year. The May 2016 DOM was at its lowest level compared with
May of 2015 and 2014.
100

239

137
100

50
0
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 A M
13
14
15
16

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 $68 was down
21.1% from $86 last month and down 29.2% from 96 in May of
last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

96
87
68

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 A M
13
14
15
16

Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
100%
amount that Sellers are agreeing to come down from their
90%
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
80%
of a Seller's market. The May 2016 Selling Price vs Original List
70%
Price of 86.8% was up from 83.2% last month and up from 81.4%
60%
in May of last year.
50%
40%
30%
20%
10%
0%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
81.8%

86.8%

81.4%

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 A M
13
14
15
16

Inventory / New Listings / Sales

Inventory / New Listings / Sales

450

332

320

316

303

298

339

314

370

337

390

376

374

359

348

337

339

328

250

335

352

348

362

360

384

378

383

382

359

338

333

337

355

350

374

300

365

350

373

400
369

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 72, down 14.3% from 84 last month and equal
to 72 in May of last year.

200
150
100
50
0
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 A M
13
14
15
16
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.

c o l dw el l b a n k er h o m es.c o m

| 19