MA ARCHIVED November 2016 | Page 19

Market Action Report

November 2016

Dorchester

County: Dorchester

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 November was 1,095, up from 0
days last month and up from 0 days in November of last year.
The November 2016 DOM was at its lowest level compared with
November of 2015 and 2014.

3 Mo Avg

1,200

1,095

1,000
800
600
400
200
0
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-200

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 November 2016 Selling Price per Square Foot of $130 was
up from $0 last month and up from 0 in November of last year.

3 Mo Avg

450
400
350
300
250
200
130

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 November 2016 Selling Price vs
Original List Price of 55.4% was up from 0.0% last month and up
from 0.0% in November of last year.

3 Mo Avg

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

120%
100%
80%

55.4%

60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

16

13
12
10

11

12
10
9
8

8

9
8

8

8

5

4

6

6

7

7

7

6

7

8

9

9

9

10

11

12
10

11
10
9

8

11

10

13

12

13

14

14

10

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 November 2016 was 3, up 50.0% from 2 last month and equal
to 3 in November of last year.

2
0
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Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage
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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