MA ARCHIVED November 2016 | Page 35

Market Action Report

November 2016

Somerset

County: Somerset

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 0, 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

350
300
250
200
150
100
50
0

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 J J A S O N
13 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 November 2016 Selling Price vs
Original List Price of 0.0% was up from 0.0% last month and up
from 0.0% in November of last year.

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

70%
60%
50%
40%
30%
20%
10%
0%

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 J J A S O N
13 14
15
16

Inventory / New Listings / Sales

Inventory / New Listings / Sales

8
7

7
6

6

6
5

5

5

5

5

5

5

5

5

5

5
5

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, up from 0 last month and up
from 0 in November of last year.

4

4

4

4

4

4

4

4
3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3
2
1
0
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 J J A S O N
13 14
15
16
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.

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

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