MA ARCHIVED September 2016 | Page 27

Market Action Report

September 2016

Kent

County: Kent

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

3 Mo Avg

1,200

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
1,000
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
800
Seller's market. The DOM for September was 0, up from 0 days
last month and up from 0 days in September of last year. The
600
September 2016 DOM was at a mid level compared with
September of 2015 and 2014.
400
200

122

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 $0 was up
from $0 last month and up from 0 in September of last year.

3 Mo Avg

950
850
750
650
550
450
350
250
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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
140%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 120%
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
Original List Price of 0.0% was up from 0.0% last month and up
80%
from 0.0% in September of last year.
60%

3 Mo Avg

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

86.8%

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

Inventory / New Listings / Sales

40

20

18

17

15

14

13

11

11

16

10

17

22

27
22

29

28

28

28

24

19

19

22

24
20

34

32
28

26
23

28

32

15

22

25

20

23

25

30

30

33

35
28

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, up 100.0% from 1 last month
and equal to 2 in September of last year.

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