MA ARCHIVED May 2016 | Page 31

Market Action Report

County: Prince Georges

May 2016

Prince George’s
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 0, up from 0 days last
month and up from 0 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

180
160
133

140
120
100
80
60
40
20
0

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14
15
16
3 Mo Avg
3 Mo Avg

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

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

120%
100%

80.0%

80%
60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

16

13

9
7
6

7

8

8
7
6
5

6

9

10

11

11

10

10
9

5

4

6

6

7

6

12

13
12
11
8

9

10

11
9

8

11

10

13

12

14

14

14
12

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 1, down 75.0% from 4 last month and
down 50.0% from 2 in May of last year.

2
0
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14
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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.

c o l dw el l b a n k er h o m es.c o m

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