MA ARCHIVED February 2016

Arlington MARKET ACTION REPORT February 2016 Agent Name County: Arlington 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 62, up 12.7% from 55 days last month and up 19.2% from 52 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 70 60 3 Mo Avg 62 52 50 42 40 30 20 10 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 $401 was up 2.8% from $390 last month and up 6.7% from 375 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 450 440 430 420 410 400 390 380 370 360 350 3 Mo Avg 401 385 375 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 98.0% was down from 98.2% last month and down from 98.3% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 101% 3 Mo Avg 100% 100% 98.8% 99% 98.3% 99% 98.0% 98% 98% 97% 97% 96% 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 Inventory 600 500 400 300 200 New Listings Sales 419 398 361 362 411 429 365 311 315 344 377 457 522 534 535 530 585 586 477 404 408 436 474 601 641 666 647 598 613 611 525 416 421 412 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 222, up 17.5% from 189 last month and down 13.3% from 256 in February of last year. 700 265 331 Inventory / New Listings / Sales 100 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 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 | 49

MA ARCHIVED February 2016 | Page 49