market action report - city_ ocean city - oct2010

8/8/2019 Market Action Report - City_ Ocean City - Oct2010

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October 2010

Price Range: All | Properties: Condo - TwnHm

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

Median List Price of all Current Listings

Average List Price of all Current Listings

October Median Sales Price

October Average Sales Price

Total Properties Currently for Sale (Inventory)

October Number of Properties Sold

October Average Days on Market (Solds)

October Month's Supply of Inventory

October Sale Price vs List Price Ratio

Property Sales

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of

October was 1,552, down 1.5% from 1,576 last month and

down 11.9% from 1,761 in October of last year. October

2010 Inventory was at its lowest level compared with

The Median Sales Price in October was $310,000,

down 4.6% from $325,000 in October of 2009 andup 12.2% from $276,400 last month. The Average

Sales Price in October was $336,447, down 8.8%

from $369,058 in October of 2009 and down 2.1%

from $343,710 last month. October 2010 ASP was at

the lowest level compared to October of 2009 and2008.

Trending versus*:

* 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

October Property sales were 79, down 4.8% from 83

in October of 2009 and 3.9% higher than the 76 sales

last month. October 2010 sales were at a mid level

compared to October of 2009 and 2008. October YTD sales of 716 are running 6.9% ahead of last year's

year-to-date sales of 670.

88.0%

24.5

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

19.6

Month YTD

201

$295,000

$335,617

79

163

Trending versus*:

716

City: Ocean City

Median Sales Price and Average Sales Price

MARKET ACTION REPORT

92.1%

$325,000

$381,363

$310,000

$336,447

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Median means Middle (the same # of properties sold above and below the Median)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

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Kevin & Monica McNamara

Associate Broker

www.Ocean-CitySales.com

410-723-6200

www.Facebook.com/OceanCityMdRealEstate



October 2010


Market Time

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

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

he 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.

The Selling Price vs Original Listing Price reveals the

average amount that Sellers are agreeing to come downfrom 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 October 2010 Selling Price vs Original List Price of

92.1% was up from 91.8% last month and up from

89.9% in October of last year.


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

October 2010 was 155, down 4.9% from 163 last month

and down 52.5% from 326 in October of last year.

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Condo - TwnHm

Selling Price versus Listing Price Ratio

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

October was 163, up 13.2% from 144 days last month

and down 38.0% from 263 days in October of last year.

The October 2010 DOM was at its lowest level compared with October of 2009 and 2008.

MARKET ACTION REPORT

Days On Market for Sold Properties

City: Ocean City

206

263

163

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400

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F M A M J J A S O

Average Days on Market (Listing to Contract) for properties sold during the month

92.5%

89.9%

92.1%

80%

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84%

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94%

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Avg Selling Price divided by Avg Listing Price for sold properties during the month

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Inventory New Listings Sales

3 Mo Avg

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Associate Broker


410-723-6200




October 2010


City: Ocean City

he 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.

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Condo - TwnHm

Inventory / Listings / Sales


This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2010 was 155, down

4.9% from 163 last month and down 52.5% from 326 in October of last year.

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

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Inventor New Listin s Sales


Associate Broker


410-723-6200


market action report - city_ ocean city - oct2010

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