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
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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