MA ARCHIVED February 2016 | Page 23
Harford
MARKET ACTION REPORT
February 2016
Agent Name
County: Harford
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Condo
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 February was 90, up from 0 days last month
and up from 0 days in February of last year. The
February 2016 DOM was at its lowest level compared
with February of 2015 and 2014.
3 Mo Avg
Average Days on Market (Listing to Contract) for properties sold during the month
600
500
400
300
200
90
100
0
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 J F
13
14
15
16
Selling Price per Square Foot
Selling Price per Square Foot
Average Selling Price per Square Foot for properties that sold during the month
350
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
February 2016 Selling Price per Square Foot of $0 was
up from $0 last month and up from 0 in February of
last year.
3 Mo Avg
300
250
200
148
150
100
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 J F
13
14
15
16
Selling Price versus Listing Price Ratio
Selling Price vs Original Listing 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 February 2016 Selling Price vs Original List Price of
97.0% was down from 100.0% last month and up from
0.0% in February of last year.
200%
180%
160%
140%
120%
100%
80%
60%
40%
20%
0%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
100.0%
97.0%
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 J F
13
14
15
16
Inventory / New Listings / Sales
New Listings
Sales
16
16
16
8
10
11
12
13
14
15
14
13
15
13
13
12
11
10
10
10
11
11
11
11
14
15
13
9
9
11
18
Inventory
13
12
12
11
12
20
18
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 16
14
and Sales. The graph shows the basic annual
12
seasonality of the market as well as the relationship
10
between these items. The number of New Listings in
8
February 2016 was 2, down 60.0% from 5 last month
6
and equal to 2 in February of last year.
4
2
0
Inventory / New Listings / Sales
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 J F
13
14
15
16
Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker
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.
c o l dw el l b a n k er h o m es.c o m
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