MA ARCHIVED May 2016 | Page 27

Market Action Report

May 2016

Kent

County: Kent

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

3 Mo Avg

1,200

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
1,000
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
800
Seller's market. The DOM for May was 80, down 89.6% from
769 days last month and up from 0 days in May of last year. The
600
May 2016 DOM was at its lowest level compared with May of
2015 and 2014.
400
200

80

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 $0 was down
100.0% from $300 last month and up from 0 in May of last year.

3 Mo Avg

950
850
750
650
550
450
350
250
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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 80.0% was down from 80.3% last month and up from
0.0% in May of last year.

3 Mo Avg

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

140%
120%
100%

80.0%

80%
60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

40

22

27
22

30

29

29

29
24

22

14

13

11

10

11

16

17

19

15

19

34

33

32
24

28

28
20

23

23

22

26

28

32

33

25

20

30

25

33

30

37

35
33

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 4, up 33.3% from 3 last month and equal to 4 in
May of last year.

5
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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