MA ARCHIVED February 2016 | Page 37

Talbot MARKET ACTION REPORT February 2016 Agent Name County: Talbot 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 96, down 54.3% from 210 days last month and down 29.4% from 136 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 250 3 Mo Avg 184 200 136 150 96 100 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 $158 was down 2.9% from $163 last month and up 2.8% from 154 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg 240 220 200 180 158 154 160 140 123 120 100 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 94.7% was up from 92.8% last month and up from 93.1% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 98% 96% 93.8% 94% 3 Mo Avg 94.7% 93.1% 92% 90% 88% 86% 84% 82% 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