MA ARCHIVED February 2016 | Page 33

Queen Anne’s MARKET ACTION REPORT County: Queen Annes 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 0, down 100.0% from 46 days last month and down 100.0% from 335 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 1200 3 Mo Avg 1000 800 600 335 400 200 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 -200 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