MA ARCHIVED October 2016 | Page 7

Market Action Report

County: Anne Arundel

October 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 October was 157, down 23.0%
from 204 days last month and up 80.5% from 87 days in October
of last year. The October 2016 DOM was at a mid level compared 150
with October of 2015 and 2014.
100

185
157

87

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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 October 2016 Selling Price per Square Foot of $336 was up
6.1% from $317 last month and up 6.5% from 316 in October of
last year.

3 Mo Avg

600
550
500
450

408

400
350

336

316

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 October 2016 Selling Price vs Original
List Price of 85.2% was down from 89.6% last month and down
from 93.3% in October of last year.

3 Mo Avg

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

100%
95%

93.3%

90%
85.2%

84.5%

85%
80%
75%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

213

238

222

238

228

255

249

225

217
181

164

149

175

153

219

204

218

206

217

216

200
172
146

151

191

221

218
162

167

158

147

100

174

150

209

200

226

250

233

300

151

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 October 2016 was 34, up 9.7% from 31 last month and up
13.3% from 30 in October 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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