MA ARCHIVED May 2016 | Page 33
Market Action Report
County: Queen Annes
May 2016
Queen Anne’s
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 98, down 10.1% from 109
days last month and down 33.3% from 147 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
200
180
160
147
140
114
120
98
100
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 $164 was up 4.1%
from $158 last month and down 6.9% from 176 in May of last
year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
176
164
149
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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 93.3% was up from 92.3% last month and up from
90.5% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
95%
93.3%
92.5%
90.5%
90%
85%
80%
75%
70%
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484
476
479
441
460
450
564
508
615
609
615
638
601
614
570
519
516
629
607
629
625
609
608
571
518
519
478
474
466
578
531
569
568
558
554
571
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
700
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
600
relationship between these items. The number of New Listings
in May 2016 was 132, down 14.8% from 155 last month and down 500
18.5% from 162 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., 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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