MA ARCHIVED November 2017 | Page 24

Market Action Report
November 2017
SUSSEX
County: Sussex
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 229, up 104.5%
from 112 days last month and up 5.5% from 217 days in
November of last year. The November 2017 DOM was at a mid
level compared with November of 2016 and 2015.
3 Mo Avg
400
350
300
250
229
217
200
150
106
100
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 2017 Selling Price per Square Foot of $516 was
down 8.5% from $563 last month and down 4.0% from 537 in
November of last year.
3 Mo Avg
800
750
700
650
600
537
550
500
516
465
450
400
350
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
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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 2017 Selling Price vs
Original List Price of 89.4% was down from 92.8% last month
and down from 90.3% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
140%
120%
100%
90.3%
89.5%
89.4%
80%
60%
40%
20%
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
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100
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
250
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
200
relationship between these items. The number of New Listings
in November 2017 was 18, up 20.0% from 15 last month and up
150
125.0% from 8 in November of last year.
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
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Copyright © Coldwell Banker Re sidential 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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