MA ARCHIVED February 2016

Montgomery MARKET ACTION REPORT County: Montgomery February 2016 Agent Name 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 95, up 46.2% from 65 days last month and up 6.7% from 89 days in February of last year. The February 2016 DOM was at a mid level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 160 140 120 100 80 60 40 20 0 3 Mo Avg 95 89 59 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 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 $405 was up 17.9% from $344 last month and up 25.1% from 324 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 450 430 410 390 370 350 330 310 290 270 250 3 Mo Avg 405 401 324 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 96.0% was down from 97.0% last month and down from 98.4% in February of last year. 100% Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg 98.4% 99% 98% 97.3% 97% 96.0% 96% 95% 94% 93% 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 200 Sales 354 344 371 523 561 563 535 492 544 528 446 425 New Listings 341 326 346 300 377 400 450 500 528 538 484 463 538 528 417 Inventory 267 273 303 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 133, up 34.3% from 99 last month and up 18.8% from 112 in February of last year. 600 355 415 422 416 391 361 431 429 341 Inventory / New Listings / Sales 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 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 | 29

MA ARCHIVED February 2016 | Page 29