MA ARCHIVED July 2016 | Page 67

Market Action Report

July 2016

Manassas

County: Manassas City

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 29, up 70.6% from 17
days last month and down 6.5% from 31 days in July of last year.
The July 2016 DOM was at a mid level compared with July of
2015 and 2014.

3 Mo Avg

100
90
80
70
60
50
40

31

27

30

29

20
10
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 $160 was down
6.3% from $171 last month and up 9.7% from 146 in July of last
year.

200
190
180
170
160
150
140
130
120
110
100

3 Mo Avg

160

158
146

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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
amount that Sellers are agreeing to come down from 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 July 2016 Selling Price vs Original List
Price of 96.7% was down from 97.6% last month and down from
100.2% in July of last year.

3 Mo Avg

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

102%

100.2%

100%
97.7%

98%

96.7%

96%
94%
92%
90%
88%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

120

77

80
72

74

75

50

56
48

55

64

95

94
84

81
54

50

63
51

70

69

79
67

79

77
65
5 8

56

54

40

51

60

71

68

60

89

80

93

108

100

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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 45, up 7.1% from 42 last month and up 25.0%
from 36 in July of last year.

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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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