MA ARCHIVED May 2016 | Page 39
Market Action Report
May 2016
Wicomico
County: Wicomico
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 102, down 12.8% from
117 days last month and up 14.6% from 89 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
250
200
150
102
89
100
71
50
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The May 2016 Selling Price per Square Foot of $82 was down
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2.7% from $84 last month and down 4.1% from 86 in May of last
75
year.
70
65
60
55
50
3 Mo Avg
86
82
78
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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 97.9% was up from 89.9% last month and up from
94.6% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
97.9%
94.6%
95%
91.9%
90%
85%
80%
75%
70%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
555
571
568
570
550
607
577
647
627
642
659
648
645
633
597
596
591
581
627
621
647
637
652
644
638
609
561
551
584
563
635
624
614
500
616
600
633
700
598
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 143, down 6.5% from 153 last month and down
11.2% from 161 in May of last year.
400
300
200
100
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
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15
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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Coastal Ass