MA ARCHIVED February 2016

Clarke MARKET ACTION REPORT February 2016 Agent Name County: Clarke 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 157, up 9.0% from 144 days last month and up 67.0% from 94 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 197 200 157 150 94 100 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 $143 was down 3.8% from $148 last month and down 1.5% from 145 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg 240 220 200 180 160 145 140 143 115 120 100 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 91.3% was down from 95.8% last month and down from 95.8% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 99.1% 100% 98% 3 Mo Avg 95.8% 96% 94% 91.3% 92% 90% 88% 86% 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 180 160 This last view of the market combines monthly inventory of Properties for sale along with New Listings 140 120 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 100 between these items. The number of New Listings in 80 February 2016 was 21, up 61.5% from 13 last month and 60 up 133.3% from 9 in February of last year. 40 20 0 Inventory / New Listings / Sales New Listings Sales 1 06 107 113 125 118 123 125 121 114 100 101 100 102 122 140 151 146 144 135 129 114 106 101 87 103 131 134 155 160 159 155 138 128 119 106 108 Inventory 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 | 51

MA ARCHIVED February 2016 | Page 51