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Market Statistics
(Earlier stats are here)
Please note: The statistics on these charts reflect residential attached and detached listing data as it was entered into the MLS system on the day it was queried. Corrections made after the data was pulled may not be reflected in these graphs. In addition, the recent shift in the market to more foreclosures and short sales may have skewed the data presented here so that it appears to show less activity than may actually have taken place. This is because not all such tranactions are handled through the MLS. A review of the Annual 2009 figures vs. those posted monthly showed the annual figures to be bewteen 7% and 11% larger, meaning the monthly reports under reported the market activity by at least 7% at the time they were posted. The graphs showing monthly breakdowns are compiled from these monthly reports while annual comparisons are usually compiled from the annual reports. Despite the differences in monthly figures, trends lines are generally accurate.
Type of Report
Market Snapshot (Updated Monthly)
Shows the monthly trends for reported units sold, new listings taken and the average days on market for the previous few months. All three types of data are tracked in a single report for each county.
Note: A review of the data performed in January 2008 revealed several typos that affected the Charles County and Calvert County graphs. The most serious error resulted in transposed labels for New Listings and Average Days on Market in Calvert and incorrect shifts of the month labels in relation to the data above them for all three counties. These have been corrected, however, the incorrect versions of these graphs may still appear in printed materials distributed prior to the discovery of these errors.
Pending Sales to Actual Sales (Updated Monthly)
Compares the Pending Sales with the Actual reported sales for the following month. Traditionally, Pending Sales (listings placed under contract but not settled within a given month) have been used as indicators of the market performance for the following month. A wide gap between the pending figure for a given month and the following month's actual sales figure indicates stress in the market as contracts are being written but are not moving to a closed sale status in a timely fashion.
New Listings per Month
Each month REALTORS® report new listings available for sale.
This chart shows how many new listings were reported available each month. Compared to the number of sales and
contracts reported each month, the new listings per month can data can
help indicate if the supply of available properties is increasing, decreasing or staying about the same.
Percentage of Sales Price to List Price Per Month
This chart compares the List Price of the property at the time
the contract was written to the Sales Price agreed upon at settlement.
The graph expresses the Sales Price as a percentage of the asking
price. Higher percentages indicate a market where little bargaining
takes place. Percentages exceeding 100 indicate prices are being bid
above the orginal asking price, a sign of a hot market. Lower percentages indicate a slow or overpriced market where selling prices are negotiated below asking prices.
List Price to Sales Price and Median Prices
The List Price to Sales Price Trends graph depicts the average List Price, Sales Price, and Median Sold Price trends per month. A close convergence between list and sales price lines means a tight seller's market where demand is barely met by supply. Median prices represent a point at which there are as many homes priced below as above. When the Median trend line comes close to the Average Sales and List Prices, it indicates a tightening of price ranges available for buyers and sellers.
Contracts Pending per Month
Each month REALTORS report contracts written that have not yet
gone to settlement. This chart shows the total new contracts taken per
month not yet reported as settled. Not all contracts reported will result in settlements but pendings often predict sales for the following month. An effect of the market conditions in place since 2008 can be seen as the number of pendings begins to significantly outpace the sales reported in the following month.
Reported Financing Types
Financing types reported as the major source of equity used to complete
the sale. The chart shows the number of sales reporting the use of various financing types. Note the shift away from the dominance of conventional financing towards FHA and VA since 2008.
Days on Market
This graph shows the number of units sold per incremental 30-day period of availability, up to 120 days. All sales occurring after 120 days are grouped together. The graph is a measure of how quickly the average property sells once it is listed. Once again a significant shift to an uneven "H" type of chart can be seen since 2008, signalling the fact properties tend to take longer to sell.
Total Units Sold
This graph shows the monthly Residential sales volume in units sold
reported in the MLS at the time the figures were generated. Note that some corrections, deletions and additions occur to the data throughout the year, so "final" figures may vary slighty depending
on what time the report is run. Typically the figures here underreport the true activity between 7 and 11%
Average Days on Market per Month
This graph shows the average number of days a Residential listing remained on the market before selling, broken down by month. The average is calculated based on the DOM values reported in the MLS for each listing sold during a given month. Higher DOM values indicate a slower market.
Total Sales Dollar Volume
This graph shows the monthly Residential sales volume in dollars reported in
the MLS at the time the figures were generated. Note that
some corrections, deletions and additions occur to the data throughout
the year, so annual figures may vary by about 9% depending on what time
the report is run.
Listing, Sales, Pending and DOM Trends
A combination of the Listings per Month, Sales per Month Contracts per Month
and Average Days on Market information for the year. The chart shows whether
listings are keeping up with demand and if significant numbers of contracts are being written that never reach settlement.
Short Sales and Foreclosures
Starting in 2009 the MLS began tracking short sales and foreclosures more closely. Full data prior to April of 2009 is not readily available. These graphs show the total sales compared to the number of short sales or foreclosures reported between April and the end of the year, however, April's figures appear to be incomplete.
Trend Reports
The following series of graphs show market trends across several years. The MLS system changed in 1998-1999. Data prior to period is difficult to relate to data since then because the two systems tracked information based on different criteria. However, some comparisons are possible. As noted above, the sum of monthly reports often does not match the totals found in annual reports covering the same time and area. This is due to corrections and additions being made continuosly in the MLS after the reports used to generate these graphs have been pulled.
Listing, Sales, Pending and DOM Trends
A combination of the Listings per Month, Sales per Month Contracts per Month
and Average Days on Market information for the year. The chart shows whether
listings are keeping up with demand and if significant numbers of contracts are being written that never reach settlement.
Listing, Sales, Pending and DOM Trends
A combination of the Listings per Month, Sales per Month Contracts per Month
and Average Days on Market information for the year. The chart shows whether
listings are keeping up with demand and if significant numbers of contracts are being written that never reach settlement.
Listing, Sales, Pending and DOM Trends
A combination of the Listings per Month, Sales per Month Contracts per Month
and Average Days on Market information for the year. The chart shows whether
listings are keeping up with demand and if significant numbers of contracts are being written that never reach settlement.
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Hughesville, Maryland 20637
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