MARKET ACTION REPORT January 2011

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 $417,000
Average List Price of all Current Listings $521,804
January Median Sales Price $350,000 $350,000
January Average Sales Price $381,597 $381,597
Total Properties Currently for Sale (Inventory) 1,164
January Number of Properties Sold 139 139
January Average Days on Market (Solds) 76 76
January Month's Supply of Inventory 8.4 8.4
January Sale Price vs List Price Ratio 96.9% 96.7%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / 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
January Property sales were 139, down 5.4% from

351
341
300

330
147 in January of 2010 and 34.4% lower than the 212

317
308

303
250 281

278
sales last month. January 2011 sales were at a mid
273

273
272

268
261

253
252
245

238

238
235
level compared to January of 2010 and 2009. 200

221
219
212

212
205
202

193
January YTD sales of 139 are running 5.4% behind 150
183
182

181
174

169
147

139
last year's year-to-date sales of 147.

138
136
100
50 123
0
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 D J
08 09 10 11

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 500
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in January was $350,000, 480

down 7.7% from $379,000 in January of 2010 and 460
440
down 12.5% from $400,000 last month. The Average
420
Sales Price in January was $381,597, down 6.0% 400
from $405,848 in January of 2010 and down 6.8% 380
from $409,544 last month. January 2011 ASP was at 360
a mid range compared to January of 2010 and 2009. 340
320
300
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 D J
08 09 10 11

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 2,500
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
14
The Total Inventory of Properties available for sale as of
January was 1,164, down 10.4% from 1,299 last month 12
2,000
and down 5.7% from 1,235 in January of last year.
2,034
1,992

10
1,953

1,937

1,906
1,890
1,874

1,861

January 2011 Inventory was at its lowest level compared

1,771
1,735
1,724
1,710

1,711
1,697

1,500
1,655

1,640
1,635

8
1,603
1,599

1,595

with January of 2010 and 2009.

1,579
1,540

1,537
1,532

1,510
1,497

1,449
1,430
1,411

1,412
1,308

1,299

6
1,253
1,235
1,224

1,000
1,164

A comparatively lower MSI is more beneficial for sellers 4

while a higher MSI is better for buyers. The January 2011 500
2
MSI of 8.4 months was at its lowest level compared with
January of 2010 and 2009. 0 0
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 D J
08 09 10 11

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 January 2011
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 120 107
move towards more of a Buyer's market, a downward 110
trend a move towards more of a Seller's market. The 100
DOM for January was 76, equal to 76 days last month 90 83
76
and down 8.4% from 83 days in January of last year. 80
The January 2011 DOM was at its lowest level compared 70
with January of 2010 and 2009. 60
50
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 D J
08 09 10 11

200
100
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 100%
The Selling Price vs Original Listing Price reveals the 99%
average amount that Sellers are agreeing to come down 99%
from their original list price. The lower the ratio is 98%
below 100% the more of a Buyer's market exists, a ratio 98% 97.0% 96.9%
at or above 100% indicates more of a Seller's market.
97% 96.5%
The January 2011 Selling Price vs Original List Price of
96.9% was down from 97.6% last month and down from 97%
97.0% in January of last year. 96%
96%
95%
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 D J
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 2,500 Inventory New Listings Sales

This last view of the market combines monthly

2,000
inventory of Properties for sale along with New Listings
2,034
1,992
1,953

1,937

1,906
1,890
1,874

1,861

and Sales. The graph shows the basic annual

1,771
1,735
1,724

1,711
1,710

1,500
1,697

1,655

1,640
1,635

1,603
1,599

seasonality of the market as well as the relationship

1,595
1,579
1,540

1,537
1,532

1,510
1,497

1,449
1,430
1,411

1,412

between these items. The number of New Listings in

1,308

1,299
1,253
1,235
1,224

1,000

1,164
January 2011 was 276, up 17.9% from 234 last month
and down 21.1% from 350 in January of last year.
500

0
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 D J
08 09 10 11
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.