MA ARCHIVED October 2016 | Page 27

Market Action Report

October 2016

Kent

County: Kent

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 O ctober was 142, down 34.3%
from 216 days last month and up 16.4% from 122 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

350
300
250
200
150

142

122

111

100
50
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 $149 was up
5.4% from $141 last month and up 49.4% from 99 in October of
last year.

3 Mo Avg

240

250
230
210
190
170
150
130
110
90
70
50

149

99

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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 88.0% was up from 85.5% last month and up from
87.2% in October of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.2%
87.2%

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

88.0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

450

281

268

287

273

297

295

295

295

274

327

349

341

352

342

316

291

273

200

347

347

321

308

303

336

310

380

388

379

381

381

372

337

313

250

306

300

332

350

366

400

315

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 29, down 34.1% from 44 last month and
down 17.1% from 35 in October of last year.

150
100
50
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.

c o l dw el l b a n k er h o m es.c o m

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