MA ARCHIVED February 2016

Cecil MARKET ACTION REPORT February 2016 Agent Name County: Cecil Title Phone Website Other Community Information Price Range: All | 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 106, up 20.5% from 88 days last month and down 12.4% from 121 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 180 160 140 120 100 80 60 40 20 0 123 3 Mo Avg 121 106 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 $109 was down 12.8% from $125 last month and up 5.8% from 103 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 122 109 103 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 96.1% was up from 95.8% last month and up from 95.0% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 3 Mo Avg 98% 96.1% 95.0% 96% 93.7% 94% 92% 90% 88% 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 900 800 This last view of the market combines monthly inventory of Properties for sale along with New Listings 700 600 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 500 between these items. The number of New Listings in 400 February 2016 was 121, up 4.3% from 116 last month 300 and up 4.3% from 116 in February of last year. 200 100 0 Inventory / New Listings / Sales New Listings Sales 651 728 760 778 778 773 720 713 724 678 678 683 708 767 814 847 827 826 839 810 739 667 643 647 663 701 773 792 782 754 776 747 706 647 581 554 Inventory 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: All | 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 | 15

MA ARCHIVED February 2016 | Page 15