Talbot
MARKET ACTION REPORT
February 2016
Agent Name
County: Talbot
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 110, down 82.3% from 623 days
last month and down 54.9% from 244 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
700
3 Mo Avg
600
500
400
244
300
132
200
110
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
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 $337
was up 72.4% from $195 last month and up from 0 in
February of last year.
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
600
500
400
337
300
200
109
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
83.0% was up from 82.6% last month and down from
93.7% in February of last year.
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.6%
93.7%
3 Mo Avg
83.0%
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
160
140
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 120
and Sales. The graph shows the basic annual
100
seasonality of the market as well as the relationship
80
between these items. The number of New Listings in
February 2016 was 9, up 200.0% from 3 last mo