MA ARCHIVED October 2016 | Page 41

Market Action Report

October 2016

Worcester

County: Worcester

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 138, up 13.1% from
122 days last month and up 16.9% from 118 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

250
200
153

138

150

118

100
50
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 $194 was
down 3.0% from $200 last month and up 3.3% from 188 in
October of last year.

250
240
230
220
210
200
190
180
170
160
150

190

3 Mo Avg

194

188

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 94.1% was up from 92.1% last month and up from
91.7% in October of last year.

3 Mo Avg

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

96%

94.1%

94%
91.7%

92%
89.3%

90%
88%
86%
84%

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

1,303

1,347

1,317

1,382

1,364

1,441

1,412

1,437

1,374

1,288

1,394

1,312

1,515

1,502

1,590

1,560

1,609

1,596

1,595

1,527

1,488

1,456

1,445

1,653

1,586

1,720

1,721

1,712

1,699

1,673

1,593

1,516

1,446

1,489

1,411

2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0

1,684

Inventory / New Listings / Sales

Inventory / New Listings / Sales

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 285, up 18.8% from 240 last month and up
11.3% from 256 in October of last year.

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
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

| 41