MA ARCHIVED December 2017 | Page 7

Community Information

Anne Arundel

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 63 , up 8.6 % from 58 days last month and down 6.0 % from 67 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
120
100
80
60
40
86
67
63
20
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 $ 191 was down 0.8 % from $ 193 last month and down 6.0 % from 203 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 335 , down 34.3 % from 510 last month and down 18.1 % from 409 in December of last year .
0
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 O N D
15
16
17
Selling Price per Square Foot
3 Mo Avg
250 240 230 220 210 200 190 180 170 160 150
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
98 %
original list price . The lower the ratio is below 100 % the more of
97 %
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 95.0 % was down from 95.4 % last month and down
96 %
95 %
from 95.2 % in December of last year .
94 %
93 % 92 % 91 % 90 %
192
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 O N D
15
16
17
203
Selling Price versus Listing Price Ratio
92.8 %
191
95.2 % 95.0 %
89 %
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 O N D
15
16
17
Inventory / New Listings / Sales
3,000 2,500 2,000 1,500 1,000
500
2,244 2,224
2,391
2,649 2,834 2,842
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,830 2,832 2,848 2,730
2,479
2,219 2,089 2,060
2,235 2,404 2,466 2,470 2,488 2,367 2,391
2,245
2,002 1,776 1,718 1,724
1,884 2,011 2,039 2,153 2,118 2,096
3 Mo Avg
2,071 1,969
1,762 1,479
0
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 O N D
15
16
17
c o l d w e l l b a n k e r h o m e s . c o m | 7