MA ARCHIVED October 2016 | Page 7

Market Action Report

County: Anne Arundel

October 2016

Anne Arundel
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 67, up 6.3% from 63
days last month and down 15.2% from 79 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

120
100
81

79

80

67

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 $198 was up
7.0% from $185 last month and up 3.0% from 193 in October of
last year.

250
240
230
220
210
200
190
180
170
160
150

3 Mo Avg

198

193

186

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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 95.5% was down from 95.6% last month and up
from 93.9% in October of last year.

3 Mo Avg

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

97%

95.5%

96%
95%

93.9%

93.7%

94%
93%
92%
91%
90%
89%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

3,500

2,298

2,096

2,448

2,310

2,443

2,439

2,384

2,219

2,084

2,053

2,475

2,215

2,846

2,726

2,830

2,841

2,828

2,833

2,648

2,390

2,243

2,223

2,572

2,857

2,825

2,904

2,875

2,877

2,725

2,322

2,215

2,090

1,500

2,008

2,000

2,238

2,500

2,507

3,000

2,061

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 683, down 6.3% from 729 last month and
down 3.1% from 705 in October of last year.

1,000
500
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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