MA ARCHIVED September 2016 | Page 39

Market Action Report

September 2016

Worcester

County: Worcester

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 186, up from 0
days last month and down 2.1% from 190 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

700
600
500
400
300
190

200
100

186

17

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 $362 was
up from $0 last month and up 5.6% from 343 in September of
last year.

3 Mo Avg

1,550
1,350
1,150
950
750
505

550

362

343

350
150

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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 88.8% was up from 0.0% last month and
up from 82.5% in September of last year.
60%

3 Mo Avg

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

84.1%

88.8%

82.5%

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

Inventory / New Listings / Sales

60

36
32

26

28

25

33

31

30

30

20

33

44
38

44

43

43

42

39

44
39

42

41

39

48
44

43
38
34

37

39
35

37

37

35

30

45

40

48

50
41

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 1, down 83.3% from 6 last
month and down 66.7% from 3 in September of last year.

10
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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