MA ARCHIVED November 2016 | Page 7

Market Action Report

County: Anne Arundel

November 2016

Anne Arundel
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

3 Mo Avg

300

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
250
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
200
Seller's market. The DOM for November was 179, up 14.0% from
157 days last month and up 54.3% from 116 days in November of
last year. The November 2016 DOM was at a mid level compared 150
with November of 2015 and 2014.
100

179

116

111

50
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 $348 was
up 3.6% from $336 last month and up 17.9% from 295 in
November of last year.

3 Mo Avg

600
550
500
450
400

348

350

295

284

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 85.9% was up from 85.2% last month and
down from 89.0% in November of last year.

3 Mo Avg

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

100%
95%

89.0%

88.9%

90%

85.9%

85%
80%
75%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

214
170

237

222

237

227

255

249

224

216
181

164

149

175

153

219

204

218

206

217

216

200
172

151

191

221

218
162

167

158

146

100

151

150

209

200

226

250

233

300

147

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 18, down 47.1% from 34 last month and
equal to 18 in November of last year.

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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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