MA ARCHIVED February 2016 | Page 9
Baltimore City
MARKET ACTION REPORT
County: Baltimore City
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 86, up 7.5% from 80 days last
month and up 3.6% from 83 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
140
3 Mo Avg
120
86
100
86
83
80
60
40
20
0
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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 $151
was down 5.7% from $160 last month and up 8.6%
from 139 in February of last year.
200
190
180
170
160
150
140
130
120
110
100
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
151
129
139
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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
98.2% was down from 99.0% last month and up from
96.9% in February of last year.
Avg Selling Price divided by Avg Listing Price for sold properties during the month
104%
3 Mo Avg
102%
100%
98%
96.4%
98.2%
96.9%
96%
94%
92%
90%
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Inventory / New Listings / Sales
1,200
This last view of the market combines monthly
1,000
inventory of Properties for sale along with New Listings
800
and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship
600
between these items. The number of New Listings in
February 2016 was 289, up 22.5% from 236 last month
400
and up 21.4% from 238 in February of last year.
200
0
Inventory
New Listings
Sales
951
991
1,006
973
982
956
1,004
1,002
982
926
903
900
938
1,036
1,061
1,078
1,069
1,083
1,114
1,090
994
969
986
957
975
1,036
1,075
1,066
1,088
1,051
1,067
1,083
1,068
957
897
842
Inventory / New Listings / Sales
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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.
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