Community Information
Baltimore City
Community Information
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 82 , up 1071.4 % from 7 days last month and down 55.7 % from 185 days in May of last year . The May 2016 DOM was at a mid level compared with May of 2015 and 2014 .
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Days On Market for Sold Properties
185
3 Mo Avg
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 $ 199 was down 18.9 % from $ 246 last month and down 16.1 % from 237 in May of last year .
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Selling Price per Square Foot |
3 Mo Avg |
237
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199
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 93.8 % was down from 96.4 % last month and up from 84.4 % in May of last year .
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.2 % 84.4 %
3 Mo Avg
93.8 %
40 % 20 %
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 4 , down 50.0 % from 8 last month and up 33.3 % from 3 in May of last year .
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 13
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Inventory / New Listings / Sales
40 35 30 25 20 15 10 5 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 13
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24 23
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13 13 14 13 17 17
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31 c o l d w e l l b a n k e r h o m e s . c o m | 9