MA ARCHIVED July 2017 | Page 47

Market Action Report
July 2017
LOUDOUN
County: Loudoun
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | 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 84, up 42.4% from 59
days last month and down 59.4% from 207 days in July of last
year. The July 2017 DOM was at its lowest level compared with
July of 2016 and 2015.
3 Mo Avg
600
500
400
300
207
200
111
84
100
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 2017 Selling Price per Square Foot of $160 was down
23.0% from $207 last month and down 2.9% from 164 in July of
last year.
350
330
310
290
270
250
230
210
190
170
150
3 Mo Avg
189
164
160
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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 2017 Selling Price vs Original List
80%
Price of 95.3% was up from 93.3% last month and up from 87.7%
in July of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.0%
95.3%
87.7%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
100
150
200
250
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 2017 was 33, down 15.4% from 39 last month and up
43.5% from 23 in July of last year.
50
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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 n ot 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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