MA ARCHIVED July 2017 | Page 54

Market Action Report
July 2017
WASHINGTON, D.C.
County: Washington DC
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 22, down 33.3% from 33
days last month and down 56.0% from 50 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
90
80
70
60
50
50
43
40
30
22
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 2017 Selling Price per Square Foot of $606 was up 3.4%
from $587 last month and up 10.5% from 548 in July of last year.
3 Mo Avg
850
800
750
700
650
606
600
562
548
550
500
450
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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
102%
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
98%
Price of 98.5% was equal to 98.5% last month and up from 95.9%
96%
in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.5%
97.1%
95.9%
94%
92%
90%
88%
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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 65, down 35.0% from 100 last month and up
25.0% from 52 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 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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