MA ARCHIVED February 2016 | Page 9

Baltimore City

MARKET ACTION REPORT

County: Baltimore City

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 70, 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.

3 Mo Avg

Average Days on Market (Listing to Contract) for properties sold during the month

600
500
400
300
200

70

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

700

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 $296
was up from $0 last month and up from 0 in February
of last year.

3 Mo Avg

Average Selling Price per Square Foot for properties that sold during the month

600
500
400

296

300
200
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
97.2% was up from 0.0% last month and up from 0.0%
in February of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

120%

100.0%

100%

97.2%

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

5
0

Sales

28
29
25
25
18

21

22
22
22
17
17
19

19

24
23
25

22
23
20
20
18
17
13
13
14
13

10

15
12
11
11
10
13

15

27

25
20

New Listings

30

30
25

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 5, down 28.6% from 7 last month
and up 66.7% from 3 in February of last year.

35

21

Inventory / New Listings / Sales

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

| 9