MA ARCHIVED September 2016 | Page 42

Market Action Report

September 2016

Sussex

County: Sussex

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 174, up 35.9%
from 128 days last month and up 1.2% from 172 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

400
350
300
250
177

200

174

172

150
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 $629 was
up 49.7% from $421 last month and up 32.8% from 474 in
September of last year.

3 Mo Avg

800
700

629

600
488

500

474

400
300
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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 94.1% was up from 92.5% last month and
80%
down from 96.2% in September of last year.
60%

3 Mo Avg

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

96.2%

93.5%

94.1%

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

Inventory / New Listings / Sales

200

208

200

200

197

199

174

164

162

190

178

187

187

184

176

162

161

154

145

141

158

141

173

171

170

168

168

165

163

148

143

134

100

127

150

159

200

202

250

147

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 27, up 92.9% from 14 last
month and up 12.5% from 24 in September of last year.

50

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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