MA ARCHIVED November 2016 | Page 27

Market Action Report

November 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

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 36, down 30.8%
from 52 days last month and down 71.0% from 124 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
1,000
800
600
400
200

124

74

36

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 November 2016 Selling Price per Square Foot of $665 was
up 169.1% from $247 last month and up 166.0% from 250 in
November of last year.

3 Mo Avg

900
800
665

700
600
500
400
300

250

200
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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 100.0% was up from 90.0% last month and
down from 115.9% in November of last year.

3 Mo Avg

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

140%

115.9%

120%

100.0%

100%

89.6%

80%
60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

40

15

20

18

18

17

15

14

13

11

11

16

10

17

22

27
22

29

28

28

28
24

19

19

22

24

34

32
28
20

23

26

15

22

20

25

25

28

32

30

33

35

23

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 1, equal to 1 last month and equal to 1 in
November of last year.

5
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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