MA ARCHIVED May 2016 | Page 23

Market Action Report

May 2016

Harford

County: Harford

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | 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 38, up from 0 days last
month and down 82.9% from 222 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

600
500
400
300

222

200
80

100

38

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
350
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 300
more normalized indicator on the direction of Property values.
The May 2016 Selling Price per Square Foot of $143 was up from 250
$0 last month and up from 0 in May of last year.

3 Mo Avg

200
143

150
100

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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 100.0% was up from 0.0% last month and up from 87.1%
in May of last year.

3 Mo Avg

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

200%
180%
160%
140%
120%
100%
80%
60%
40%
20%
0%

92.0%

100.0%

87.1%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

12

12

12

12

11

11

11

12

11

10

10

9

15

8

12

15

15
13

14
11

11

11

11

10

10

11

13

13

15

10

8

12

10

13

12

15

14

17

16

16

18

14

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 0, down 100.0% from 1 last month and down
100.0% from 1 in May of last year.

6
4
2
0

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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | 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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