MA ARCHIVED November 2016 | Page 37

Market Action Report

November 2016

Talbot

County: Talbot

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 105, down 43.2%
from 185 days last month and down 70.1% from 351 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

700
600
500

408

400

351

300
200

105

100
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
600
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
500
more normalized indicator on the direction of Property values.
The November 2016 Selling Price per Square Foot of $169 was
400
down 53.2% from $361 last month and up from 0 in November
of last year.
300

3 Mo Avg

169

200
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 79.4% was down from 86.1% last month
and down from 85.9% in November of last year.

3 Mo Avg

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

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

85.9%

83.2%

79.4%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

112

130

126

145

138

143

142

130
87

85

115

123

139

138

139

93

97
86

96

150

137

133
116

130
115

126

124

121

117
103

98

80

96

100

116

120

118

140

140

160

100

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 5, down 61.5% from 13 last month and
down 28.6% from 7 in November of last year.

60
40
20
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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