Wicomico Community Information
Wicomico Community Information
Days On Market for Sold Properties |
3 Mo Avg |
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 December was 81 , down 9.0 % from 89 days last month and down 19.0 % from 100 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 . |
140 120 100 80 60 |
123 |
100 |
81 |
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40 |
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20 |
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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 December 2017 Selling Price per Square Foot of $ 91 was down 11.1 % from $ 103 last month and up 7.9 % from 85 in December of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average 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 of a Seller ' s market . The December 2017 Selling Price vs Original List Price of 100.3 % was up from 96.0 % last month and up from 91.0 % in December of last year .
Inventory / New Listings / Sales 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 December 2017 was 92 , down 28.1 % from 128 last month and down 2.1 % from 94 in December of last year .
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %
700 600 500 400 300 200 100
86 85
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Selling Price versus Listing Price Ratio
89.1 %
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F M A M J |
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Inventory / New Listings / Sales |
591 597 596 633 645 659 648
Avg Selling Price divided by Avg Listing Price for sold properties during the month
642 648 629 609 580 553 573 573 575 577 567 555 554 544
91.0 %
3 Mo Avg
91
100.3 %
494
517 477 452 456 427 425 424 430 430 410 431 421
451 407
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c o l d w e l l b a n k e r h o m e s . c o m | 39