MA ARCHIVED September 2016 | Page 13

Market Action Report

September 2016

Carroll

County: Carroll

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 September was 58, up 9.4% from
53 days last month and down 34.8% from 89 days in September
of last year. The September 2016 DOM was at a mid level
compared with September of 2015 and 2014.

3 Mo Avg

120
100

89

80

60

58

51

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 September 2016 Selling Price per Square Foot of $148 was
up 4.1% from $142 last month and up 2.2% from 145 in
September of last year.

200
190
180
170
160
150
140
130
120
110
100

3 Mo Avg

153

148

145

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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 September 2016 Selling Price vs
Original List Price of 95.4% was down from 95.6% last month
and up from 93.4% in September of last year.

3 Mo Avg

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

98%
96%

95.4%

95.0%
93.4%

94%
92%
90%
88%
86%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

752

855

782

886

882

802

729

699

765

706

909

836

968

965

992

988

947

866

797

792

820

792

979

990

966

910

861

756

679

620

663

641

600

772

800

924

1,000

1,003

1,200

722

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 September 2016 was 239, down 1.6% from 243 last
month and down 8.4% from 261 in September 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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