MA ARCHIVED November 2017 | Page 25

Market Action Report
November 2017
Howard
County: Howard
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: All | 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 49, up 8.9% from
45 days last month and up 2.1% from 48 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
90
80
65
70
60
49
48
50
40
30
20
10
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 $178 was
down 4.4% from $186 last month and up 2.1% from 174 in
November of last year.
200
195
190
185
180
175
170
165
160
155
150
3 Mo Avg
178
174
172
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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 95.9% was down from 96.3% last month
and up from 95.3% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
99%
98%
97%
95.9%
96%
95.3%
94.7%
95%
94%
93%
92%
91%
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400
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
1,200
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
1,000
relationship between these items. The number of New Listings
in November 2017 was 253, down 20.2% from 317 last month
800
and down 4.2% from 264 in November of last year.
600
200
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 Residential Brokerage | Price Range: All | 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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