Market Action Report
October 2016
Charles
County: Charles
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 71, equal to 71 days
last month and down 2.7% from 73 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
120
100
82
73
80
71
60
40
20
0
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 D J F M A M J J A S O
13
14
15
16
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 $136 was up
6.7% from $128 last month and up 6.7% from 128 in October of
last year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
136
128
128
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 D J F M A M J J A S O
13
14
15
16
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 95.0% was up from 94.9% last month and down
from 96.7% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
96.7%
95.2%
95.0%
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 D J F M A M J J A S O
13
14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
696
831
798
881
878
870
865
798
711
707
843
754
965
901
962
949
951
948
866
790
806
783
864
913
892
904
895
888
876
796
742
693
681
600
764
800
812
1,000
695
This last view of the market combines monthly inventory of
Properties for sale along with New Listings a