MA ARCHIVED July 2016 | Page 73
Market Action Report
County: Rappahannock
July 2016
Rappahannock
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 81, up 145.5% from 33
days last month and down 6.9% from 87 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
400
350
300
250
200
150
105
87
100
81
50
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
300
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 250
more normalized indicator on the direction of Property values.
The July 2016 Selling Price per Square Foot of $181 was up
200
85.3% from $98 last month and down 30.3% from 260 in July of
last year.
150
3 Mo Avg
260
211
181
100
50
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14
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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 89.9% was down from 90.8% last month and down from
92.7% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
92.9%
100%
92.7%
89.9%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
140
103
117
107
107
93
75
87
75
101
96
105
103
109
101
102
85
78
91
81
60
103
119
105
113
108
97
92
100
86
84
83
93
105
87
80
112
100
108
120
110
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 16, up 77.8% from 9 last month and down 5.9%
from 17 in July of last year.
40
20
0
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 M J J
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14
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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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