MA ARCHIVED February 2016

Charles MARKET ACTION REPORT February 2016 Agent Name County: Charles 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 92, up 15.0% from 80 days last month and down 9.8% from 102 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 120 3 Mo Avg 102 92 100 80 66 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 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 $125 was up 1.5% from $123 last month and up 10.0% from 114 in February of last year. 150 145 140 135 130 125 120 115 110 105 100 Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg 125 116 114 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 98.1% was down from 98.5% last month and down from 98.4% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 101% 3 Mo Avg 100% 99% 98.4% 98.1% 97.6% 98% 97% 96% 95% 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 1,200 This last view of the market combines monthly 1,000 inventory of Properties for sale along with New Listings 800 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 600 between these items. The number of New Listings in February 2016 was 198, up 7.0% from 185 last month 400 and up 11.2% from 178 in February of last year. 200 0 Inventory New Listings Sales 683 725 794 807 821 808 766 779 764 695 681 693 742 812 888 876 895 904 912 891 863 795 805 781 787 862 947 942 953 938 949 880 816 719 663 618 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: 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 | 17

MA ARCHIVED February 2016 | Page 17