MARKET ACTION REPORT
County: Wicomico
Wicomico
February 2016
Agent Name
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 133, up 47.8% from 90 days last
month and up 40.0% from 95 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
250
3 Mo Avg
200
150
112
100
133
95
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 $78 was
up 7.1% from $73 last month and up 1.5% from 77 in
February of last year.
Average Selling Price per Square Foot for properties that sold during the month
100
95
90
85
80
75
70
65
60
55
50
78
3 Mo Avg
78
77
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
96.2% was up from 95.9% 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
100%
98.4%
3 Mo Avg
98%
96.2%
96%
94%
92%
89.4%
90%
88%
86%
84%
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
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 119, up 20.2% from 99 last month
and down 4.8% from 125 in February of last year.
700
600
500
400
Inventory
New Listings
Sales
S