MARKET ACTION REPORT
County: Worcester
Worcester
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 172, up 19.4% from 144 days last
month and up 16.2% from 148 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
200
127
150
3 Mo Avg
172
148
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 $205
was up 7.2% from $191 last month and up 8.6% from
188 in February of last year.
250
240
230
220
210
200
190
180
170
160
150
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
205
192
188
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
95.0% was up from 94.7% last month and up from
94.5% in February of last year.
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
3 Mo Avg
97%
96%
95.0%
95%
95.0%
94.5%
94%
93%
92%
91%
90%
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
2,000
1,800
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 1,600
1,400
and Sales. The graph shows the basic annual
1,200
seasonality of the market as well as the relationship
1,000
between these items. The number of New Listings in
800
February 2016 was 265, up 41.0% from 188 last month
600
and up 14.7% from 231 in February of last year.
400
200
0
Inventory / New Listings / Sales
New Listings
Sales
1,492
1,537
1,555
1,536
1,499
1,533
1,549
1,506
1,489
1,411
1,446
1,516
1,593
1,673
1,699
1,721
1,711
1,719
1,682
1,651
1,584
1,454
1,443
1