MA ARCHIVED September 2016 | Page 25

Market Action Report

September 2016

Howard

County: Howard

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 52, up 26.8%
from 41 days last month and down 10.3% from 58 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

90
80
70

58

60

52

47

50
40
30
20
10
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 $176 was
down 2.4% from $180 last month and down 0.2% from 176 in
September of last year.

200
195
190
185
180
175
170
165
160
155
150

3 Mo Avg

176

176

171

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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 96.3% was down from 97.4% last month
and up from 95.5% in September of last year.

3 Mo Avg

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

99%
98%
97%

96.3%

95.5%

96%

95.5%

95%
94%
93%

92%
91%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

962

906

991

983

953

937
829

740

781

759

983

904

1,001

1,081

1,060

1,075

1,073

966

846

813

848

786

1,054

1,042

1,093

1,082

1,090

936

872
749

695

718

600

668

800

872

1,000

1,009

1,200

799

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 386, up 4.9% from 368 last
month and up 23.3% from 313 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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