MA ARCHIVED October 2016 | Page 23

Market Action Report

October 2016

Harford

County: Harford

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 72, up 12.5% from 64
days last month and up 1.4% from 71 days in October of last year.
The October 2016 DOM was at a mid level compared with
October of 2015 and 2014.

3 Mo Avg

120
100
81

80

72

71

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 $130 was
down 0.5% from $131 last month and down 0.3% from 130 in
October of last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg

130

130

124

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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 94.6% was down from 95.2% last month and down
from 95.3% in October of last year.

3 Mo Avg

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

97%
96%

95.3%
94.6%

95%
94%
93%

92.4%

92%
91%
90%
89%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

893

970

959

1,047

1,033

1,044

966

1,016

898

941

904

1,118

1,043

1,203

1,164

1,255

1,222

1,219

1,152

1,031

975

971

1,115

1,025

1,294

1,233

1,237

1,269

1,251

1,136

969

1,001

800

988

1,000

973

1,200

1,229

1,400

1,017

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 299, down 7.7% from 324 last month and
down 13.6% from 346 in October of last year.

600
400
200
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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