MARKET ACTION REPORT November 2010

County: Howard
Price Range: All | Properties: Single Family - Condo - TwnHm
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $409,999
Average List Price of all Current Listings $516,024
November Median Sales Price $350,000 $360,000
November Average Sales Price $388,430 $405,330
Total Properties Currently for Sale (Inventory) 1,379
November Number of Properties Sold 174 2,601
November Average Days on Market (Solds) 70 64
November Month's Supply of Inventory 7.9 6.7
November Sale Price vs List Price Ratio 96.5% 97.0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

400
Property Sales
350
November Property sales were 174, down 35.1% from

351
341
330
300

316
268 in November of 2009 and 20.2% lower than the
308

303
281

278
273

273
250
272

268
218 sales last month. November 2010 sales were at a

261
252

252
245

238

238
235
200

220
mid level compared to November of 2009 and 2008.

218
212

205
202
188

183
182

181
November YTD sales of 2,601 are running 2.4%

174

174
150

169
147
144

138
136
behind last year's year-to-date sales of 2,665.

123
100
50
0
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Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 500
The Median Sales Price in November was $350,000, 480
up 9.4% from $320,000 in November of 2009 and 460
down 1.3% from $354,500 last month. The Average 440
420
Sales Price in November was $388,430, up 2.0% 400
from $380,633 in November of 2009 and down 1.5% 380
from $394,282 last month. November 2010 ASP was 360
at a mid range compared to November of 2009 and 340
2008. 320
300
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 M A M J J A S O N
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Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
2,500 14
The Total Inventory of Properties available for sale as of
November was 1,379, down 11.5% from 1,559 last month 12
2,000
2,034

and up 5.8% from 1,304 in November of last year.

1,992
1,953

1,937

10
1,906
1,890
1,874

1,861

November 2010 Inventory was at a mid level compared

1,760
1,722
1,714

1,714
1,713
1,710

1,697

1,691
1,655
1,635

1,633

1,500
1,599

1,594
1,579

1,559

8
1,540

with November of 2009 and 2008.

1,535
1,532

1,503
1,494
1,427
1,408

1,405

1,379
1,304

1,246
1,230
1,218

1,000 6
A comparatively lower MSI is more beneficial for sellers 4
while a higher MSI is better for buyers. The November 500
2
2010 MSI of 7.9 months was at a mid level compared with
November of 2009 and 2008. 0 0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
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 Residential Brokerage
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.
MARKET ACTION REPORT November 2010
County: Howard
Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 150
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 130
sells. An upward trend in DOM tends to indicate a move 120
towards more of a Buyer's market, a downward trend a 110
move towards more of a Seller's market. The DOM for 100
November was 70, down 2.8% from 72 days last month 90 76 73 70
and down 4.1% from 73 days in November of last year. 80
The November 2010 DOM was at its lowest level 70
compared with November of 2009 and 2008. 60
50
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Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 99%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is 98% 97.7%
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market.
97% 96.6% 96.5%
The November 2010 Selling Price vs Original List Price
of 96.5% was down from 97.9% last month and down
from 97.7% in November of last year. 96%

95%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales 2,500 Inventory New Listings Sales
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 2,000
2,034
1,992
1,953

1,937

1,906
1,890
1,874

1,861

and Sales. The graph shows the basic annual

1,760
1,722
1,714
1,713

1,714
1,710

1,697

1,691
1,655

1,500
1,635

1,633
1,599

1,594
1,579

1,559
seasonality of the market as well as the relationship
1,540

1,535
1,532

1,503
1,494
1,427
1,408

1,405

1,379
1,304

between these items. The number of New Listings in

1,246
1,230
1,218

1,000
November 2010 was 304, down 19.8% from 379 last
month and up 11.4% from 273 in November of last year.
500

0
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 M A M J J A S O N
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
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
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.