MA ARCHIVED July 2016 | Page 59

Market Action Report

County: Falls Church City

July 2016

Falls Church
Agent Name
Title
Phone
Website
Other

Community Information
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

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 July was 12, down 25.0% from 16
days last month and down 36.8% from 19 days in July of last
year. The July 2016 DOM was at its lowest level compared with
July of 2015 and 2014.

3 Mo Avg

160
140
120
100
80
60

39

40

19

20

12

0
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Selling Price per Square Foot

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 July 2016 Selling Price per Square Foot of $365 was up 1.6%
from $359 last month and up 0.1% from 364 in July of last year.

450
430
410
390
370
350
330
310
290
270
250

3 Mo Avg

365

364

291

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
120%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
100%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The July 2016 Selling Price vs Original List
Price of 99.1% was up from 98.3% last month and up from 98.2% 80%
in July of last year.
60%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
99.1%

98.2%

94.9%

40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

28
25

15

13

16

19

24

24

25

29

35

36
31

31

31
21

20

25

26

35

28
22

21

25

26

16

10

14

15

21

20

26

25

34

35

30

33

39

35

35

40

41

45

22

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 July 2016 was 18, down 18.2% from 22 last month and up
20.0% from 15 in July of last year.

5
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee 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.

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