MA ARCHIVED September 2016 | Page 29
Market Action Report
County: Montgomery
September 2016
Montgomery
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 75, down 1.3%
from 76 days last month and up 21.0% from 62 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
75
80
65
62
60
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 $383 was
up 25.4% from $306 last month and up 21.0% from 317 in
September of last year.
450
430
410
390
370
350
330
310
290
270
250
3 Mo Avg
383
317
283
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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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 99%
98%
a Buyer's market exists, a ratio at or above 100% indicates more
97%
of a Seller's market. The September 2016 Selling Price vs
96%
Original List Price of 98.7% was up from 93.9% last month and
95%
up from 96.2% in September of last year.
94%
93%
92%
91%
90%
89%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.7%
96.2%
94.6%
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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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
547
488
567
529
575
557
465
365
339
444
543
495
566
538
564
526
349
348
328
343
419
427
526
530
540
540
465
452
379
305
200
275
269
300
431
400
530
500
486
600
343
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 221, up 87.3% from 118 last
month and up 9.4% from 202 in September of last year.
100
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: $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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