MA ARCHIVED October 2016 | Page 9

Market Action Report

County: Baltimore City

October 2016

Baltimore City
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 October was 20, down 51.2% from
41 days last month and down 67.7% from 62 days in October of
last year. The October 2016 DOM was at its lowest level
compared with October of 2015 and 2014.

3 Mo Avg

600
500
400
300
200
100

62

41

20

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 October 2016 Selling Price per Square Foot of $417 was
down 8.5% from $455 last month and up from 0 in October of
last year.

3 Mo Avg

700
600
500

417
374

400
300
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 October 2016 Selling Price vs Original
List Price of 92.7% was up from 92.6% last month and up from
90.0% in October of last year.

3 Mo Avg

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

120%
100%

92.7%

90.0%
79.7%

80%
60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

35

23

23

22

29

29

28
26

25

20

21

21
17

18
16

14

13

16

17
13

18

20

21

23

12

11

13

5

10

11

10

12

15

20

22

20

24

25

29

29

33

30

19

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 8, up 33.3% from 6 last month and up
14.3% from 7 in October of last year.

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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