MA ARCHIVED May 2016 | Page 41

Market Action Report

May 2016

Worcester

County: Worcester

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 144, down 7.7% from 156
days last month and down 21.7% from 184 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

184
144

136

150
100
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
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 $202 was up 4.4%
from $194 last month and up 3.6% from 195 in May of last year.

250
240
230
220
210
200
190
180
170
160
150

3 Mo Avg

213
202

195

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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 92.1% was up from 91.7% last month and up from 90.9%
in May of last year.

3 Mo Avg

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

94%
93%
92%
91%
90%
89%
88%
87%
86%
85%
84%

92.6%

92.1%
90.9%

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1,438

1,395

1,437

1,372

1,288

1,394

1,311

1,516

1,503

1,590

1,560

1,609

1,596

1,595

1,527

1,488

1,456

1,445

1,653

1,586

1,720

1,684

1,721

1,712

1,699

1,673

1,516

1,446

1,489

1,411

1,549

1,506

1,533

1,536

1,499

2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0

1,593

Inventory / New Listings / Sales

Inventory / New Listings / Sales

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 263, down 3.3% from 272 last month and down
0.4% from 264 in May of last year.

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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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