MA ARCHIVED October 2016 | Page 25

Market Action Report

October 2016

Howard

County: Howard

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 44, down 15.4% from
52 days last month and down 22.8% from 57 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

90
80
70
57

60

49

50

44

40
30
20
10
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 $177 was
down 0.1% from $177 last month and up 4.1% from 170 in
October of last year.

200
195
190
185
180
175
170
165
160
155
150

3 Mo Avg

179

177
170

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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 96.6% was up from 96.4% last month and up 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

99%
98%

96.6%

97%
96%

95.3%

95.3%

95%
94%
93%
92%
91%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

831

974

938

997

994

958

941
832

743

783

762

985

906

1,001

1,081

1,060

1,075

1,073

966
846

813

848

786

1,054

1,042

1,093

1,082

936

872
749

695

668

600

799

800

1,090

1,000

1,009

1,200

718

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 316, down 18.3% from 387 last month and
down 15.7% from 375 in October of last year.

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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