MA ARCHIVED May 2016 | Page 23

Market Action Report May 2016 Harford County: Harford 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 60, down 11.8% from 68 days last month and down 22.1% from 77 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 88 77 80 60 60 40 20 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 o