MA ARCHIVED February 2016

Anne Arundel MARKET ACTION REPORT County: Anne Arundel 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 147, down 27.2% from 202 days last month and up 34.9% from 109 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 300 3 Mo Avg 250 200 147 150 109 100 53 50 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 $302 was down 21.4% from $384 last month and down 26.3% from 409 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 500 450 3 Mo Avg 409 400 360 350 302 300 250 200 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 89.5% was down from 91.0% last month and down from 94.0% in February of last year. 102% Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg 99.8% 100% 98% 96% 94.0% 94% 92% 89.5% 90% 88% 86% 84% 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 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 38, up 111.1% from 18 last month and up 81.0% from 21 in February of last year. 300 250 200 150 100 Inventory New Listings Sales 172 202 213 223 206 189 195 192 174 151 147 158 167 209 226 249 255 233 221 218 191 162 151 147 173 201 217 218 220 208 223 207 178 158 154 168 Inventory / New Listings / Sales 50 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 | 7

MA ARCHIVED February 2016 | Page 7