MA ARCHIVED September 2016 | Page 21

Market Action Report

September 2016

Frederick

County: Frederick

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | 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 26, up 766.7%
from 3 days last month and down 46.9% from 49 days in
September of last year. The September 2016 DOM was at its
lowest level compared with September of 2015 and 2014.

3 Mo Avg

350
300
250
200
150
100
49

50

26

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 $207 was
down 61.4% from $536 last month and down 39.2% from 340 in
September of last year.

3 Mo Avg

550
500
450
400

340

350
300
250

207

200
150
100
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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
120%
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 100%
of a Seller's market. The September 2016 Selling Price vs
80%
Original List Price of 92.2% was down from 100.0% last month
and down from 105.5% in September of last year.
60%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
105.5%
92.2%

40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

22

35

33

33

32

30

22

23

22

28

28
24

28

28

29
26

28

22

20

20

30

28

30

28
24

19

15

27

30
24
21

20

25

25

25

26

30

31

35

37

40
33

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 2, down 33.3% from 3 last
month and up from 0 in September of last year.

10
5
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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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