MA ARCHIVED October 2016 | Page 39

Market Action Report

October 2016

Wicomico

County: Wicomico

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 89, down 2.2% from
91 days last month and down 23.3% from 116 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

250
200
150

116
92

100

89

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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
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more normalized indicator on the direction of Property values.
The October 2016 Selling Price per Square Foot of $81 was down
80
13.0% from $93 last month and down 6.2% from 87 in October
75
of last year.
70
65
60
55
50

90

3 Mo Avg

87
81

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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 up from 93.3% last month and up from
89.0% in October of last year.

3 Mo Avg

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

100%

94.6%

95%

91.0%

89.0%

90%
85%
80%
75%
70%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

532
467

554

551

574

565

574

572

572

552

609

579

648

629

642

659

648

645

633

597

596

591

581

627

621

647

637

652

644

638

609

561

563

500

551

600

614

700
584

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 112, down 2.6% from 115 last month and
down 5.9% from 119 in October of last year.

400
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.

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

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