MA ARCHIVED April 2017 | Page 57

Community Information

Fairfax County

Community Information

Market Time
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The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
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trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
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Seller ' s market . The DOM for April was 33 , down 31.3 % from 48
50
days last month and down 21.4 % from 42 days in April of last
year . The April 2017 DOM was at its lowest level compared with
40
April of 2016 and 2015 .
30
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 April 2017 Selling Price per Square Foot of $ 257 was up 1.8 % from $ 252 last month and up 2.5 % from 251 in April of last year .
20 10
Days On Market for Sold Properties
40
0
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
F M A
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
300 290 280 270 260 250 240 230 220 210 200
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their 99 % 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 98 % of a Seller ' s market . The April 2017 Selling Price vs Original List Price of 98.3 % was up from 97.5 % last month and up from 97.7 %
97 % in April of last year .
96 % 95 % 94 %
251 251
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
F M A
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.6 % 97.7 %
42
3 Mo Avg
3 Mo Avg
33
257
98.3 %
Inventory / New 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 basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in April 2017 was 1,778 , down 6.2 % from 1,895 last month and down 13.1 % from 2,046 in April of last year .
93 %
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
F M A
14
15
16
17
Inventory / New Listings / Sales
4,000 3,500 3,000 2,500 2,000 1,500 1,000
500
0
2,832 2,891 2,959 2,998 3,116
2,927
2,352 1,926 1,854
2,030 2,418
3,064 3,481 3,474 3,492 3,395 3,390
3,197
2,607
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
F M A
14
15
16
17
2,090 2,001 2,155
2,729 3,194 3,187 3,183
3,013 2,798 2,931
2,704
2,246 1,814 1,739 1,891
2,277 2,476 c o l d w e l l b a n k e r h o m e s . c o m | 57