MA ARCHIVED September 2016 | Page 27

Market Action Report

September 2016

Kent

County: Kent

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 216, up 61.2%
from 134 days last month and up 92.9% from 112 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

350
300
250

216

210

200
150

112

100
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
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 $141 was
up 3.3% from $136 last month and up 13.7% from 124 in
September of last year.

250
230
210
190
170
150
130
110
90
70
50

3 Mo Avg

141

124

123

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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
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 90%
80%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The September 2016 Selling Price vs
70%
Original List Price of 85.5% was down from 87.2% last month
60%
and down from 90.2% in September of last year.
50%
40%
30%
20%
10%
0%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.2%
84.0%

85.5%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

450

279

287

274

297

295

295

295

274

327

349

341

352

342

316

291

273

200

347

347

321

308

303

336

310

380

372

388

379

381

381

366

337

313

250

315

300

306

350

352

400
332

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 44, up 46.7% from 30 last
month and up 29.4% from 34 in September of last year.

150
100
50
0
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 N D J F M A M J J A S
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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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