MA ARCHIVED October 2016 | Page 15

Market Action Report

October 2016

Cecil

County: Cecil

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 October was 84, down 2.3% from
86 days last month and down 5.6% from 89 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

160
140
120

104

100

89

84

80
60
40
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 $125 was up
11.2% from $112 last month and up 0.4% from 124 in October of
last year.

200
190
180
170
160
150
140
130
120
110
100

3 Mo Avg

125

124
117

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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
or iginal 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 93.6% was up from 91.2% last month and up from
91.9% in October of last year.

3 Mo Avg

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

96%

93.6%

94%

92.0%

92%

91.9%

90%
88%
86%
84%
82%
80%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

400

599

550

622

616

606

619

615

595

586

571

710

649

777

750

755

793

783

774

701

663

647

739

667

839

810

826

847

827

767

708

643

500

683

600

678

700

724

800

814

900

678

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 109, down 9.9% from 121 last month and
down 25.3% from 146 in October of last year.

300
200
100
0
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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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