MA ARCHIVED June 2016 | Page 55

Market Action Report

County: Fairfax

June 2016

Fairfax County
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 June was 73, up 52.1% from 48
days last month and up 28.1% from 57 days in June of last year.
The June 2016 DOM was at a mid level compared with June of
2015 and 2014.

3 Mo Avg

120
100
73

80
60

57

50

40
20
0
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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Fo ot 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 June 2016 Selling Price per Square Foot of $266 was up
7.0% from $249 last month and up 4.9% from 254 in June of last
year.

300
290
280
270
260
250
240
230
220
210
200

3 Mo Avg

266
254
245

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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 June 2016 Selling Price vs Original List
Price of 95.1% was down from 96.0% last month and up from
94.7% in June of last year.

3 Mo Avg

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

99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%

95.6%

95.1%

94.7%

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882

894

902
807
656

581

681
580

880

826

895

870

888
784
648
561

521

526

612

750

713

715

748

728

744

686
556
464

412

490

407

625

580

615

590

1,000
900
800
700
600
500
400
300
200
100
0

893

Inventory / New Listings / Sales

Inventory / New Listings / Sales

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 June 2016 was 226, down 9.2% from 249 last month and
down 3.4% from 234 in June of last year.

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Copyright © Coldwell Banker | 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
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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