MA ARCHIVED February 2016

Kent MARKET ACTION REPORT February 2016 Agent Name County: Kent 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 1,052, 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. Average Days on Market (Listing to Contract) for properties sold during the month 1200 3 Mo Avg 1052 1000 800 600 400 200 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 950 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 850 750 650 550 450 350 250 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 84.2% was up from 0.0% last month and up from 0.0% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 140% 3 Mo Avg 120% 100% 84.2% 80% 60% 40% 20% 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 Inventory Sales 18 23 24 20 19 19 22 24 24 28 28 28 29 28 28 32 34 33 32 30 28 15 25 23 22 23 26 28 20 34 33 33 33 30 25 New Listings 37 35 31 10 13 13 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 February 2016 was 1, up from 0 last month and up from 0 in February of last year. 40 27 Inventory / New Listings / Sales 5 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 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 | 27

MA ARCHIVED February 2016 | Page 27